Swiss insurer ACE Ltd agreed to buy a 60.9% stake in Thai insurance firm Siam Commercial Samaggi Insurance in a $185 million deal as it joins other insurance in making its presence felt in Southeast Asian insurance markets, Reuters reported.
Investors
Top 10 predictions for Bitcoin in 2014 - source
The value of the Bitcoin has soared in recent months, but can the technology also help make predictions? A research team from a venture capital firm lists top 10 predictions for the digital currency in 2014.
UK to give incentives to councils allowing shale gas developments to proceed
In a move that will pave the way for the creation of more jobs and encourage more investment in the UK, Prime Minister David Cameron will be giving councils that allow shale gas developments to continue, Bloomberg reported.
Amec to purchase Foster Wheeler in $3.2B deal
UK oil engineering company Amec Plc has agreed to buy Foster Wheeler for $3.2 billion, paving the way for Amec to expand operations overseas, Bloomberg reported.
Chinese app store Wandoujia lands $120 in funding led by SoftBank
China based mobile app distribution platform Wandoujia raised $120 million in a recent funding round led by SoftBank Corp, for the acceleration of its growth and development of its mobile search technology.
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Tech giants Microsoft and Samsung are in talks to acquire stakes in a France-based online music startup and a video-sharing website, according to a report by French weekly Le Journal du Dimanche.
Philippine-based tollway developer Metro Pacific Tollways Development Corporation (MPTDC) acquired France-based tollway operator Egis Project SA stake in Manila North Tollways Corporation (MNTC) for PHP1.42 billion.
Sports Direct, the biggest sporting goods seller in the UK, picked up a 4.6% stake in London-based multinational retail chain Debenhams for an undisclosed sum.
UBS AG Chief Executive Officer Sergio Ermotti belied rumors that the biggest lender in Switzerland will be spinning off its investment banking business, Bloomberg reported.
Connecticut, USA-based venture capital firm Canaan Partners invested INR35 crore in Bangalore, India-based digital media firm SureWaves for the latter's global growth and workforce expansion.
UK-based institutional currency investment manager Millennium Global Holdings Inc acquired a 51% stake in Philippine-based seafood exports business Millennium Ocean Star Corp in a deal valued at PHP137.91 million.
Sanofi will be purchasing a 12% stake in Alnylam Pharmaceuticals as well as access to the drugs it has developed for rare diseases, Bloomberg reported.
London-based alternative asset management firm Resonance Asset Management LLP bought four wind farms in the UK after raising $100 million from institutional investors for its first Resonance British Wind Energy Income fund.
Drugmakers from Europe are getting lured to the Boston-Cambridge area as the biotechnology boom makes it the envy of other biotechnolgy hubs in the world, Bloomberg reported.
