Citing sources, Bloomberg reported that Singaporean lender Oversea-Chinese Banking Corp or OCBC has submitted a binding offer for Hong Kong-based family-run lender Wing Hang Bank Ltd.
Investors
Sales in Manhattan apartments jump, hits year-end record
A report by brokerage Douglas Elliman Real Estate and appraiser Miller Samuel Inc released today indicated an influx of home property sales in the Manhattan, New York area in anticipation of increasing prices and interest rates.
Lindsay to buy back up to $150M in stock, doubles quarterly dividend as US sales drop
Lindsay Corp, manufacturer of irrigation equipment, recently announced that it will repurchase $100 million to $150 million in stock and will increase its quarterly dividend to $0.26 per share.
FireEye-Mandiant merger signals shift of US companies regarding NSA surveillance and hacking attacks
The consolidation of security software companies FireEye and Mandiant was said to have signaled the hesitation of US firms to entrust the federal government the responsibility to protect its computer systems and will turn to private security providers instead, said a New York Times report.
Finland may double its debt levels if no spending reforms done - central bank
The central bank of Finland has expressed its worry about the possibility of the country's debt ballooning should no monetary reforms to curb spending take place, according to a Bloomberg report.
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In a bid to generate sales outside the country, Switzerland-based dairy company Emmi has signed an agreement to buy half of Mexico-based cheese and fresh product exporter Mexideli for an undisclosed sum.
Norway-based private equity group HitecVision has announced a growth capital investment in well intervention services provider DeepWell AS in a deal that marks HitecVision's entry into the well intervention industry.
Cox Enterprises, a media conglomerate based in Atlanta, has bought back its 25% stake in e-commerce company AutoTrader Group for $1.8 billion. Cox sold the said stake to private equity firm Providence Equity Parters for $640 million in 2010.
US-based firm Cooper Tire & Rubber Company announced via press release that it has called off its merger plans with India-based manufacturer Apollo Tyres and will focus on building its business instead.
Hong Kong-based children's entertainment startup Roam & Wander successfully raised an undisclosed amount of funding from Hong Kong and Taiwan angel investors as it prepares to expand its US retail operations.
Italian newspaper Il Sole 24 Ore said Telefonica is planning a joint offer of TIM Brasil, the local wireless unit of Telecom Italia, Reuters reported.
Oil & Natural Gas Corp or ONGC said it would be spending about $9 billion in the next ten years to produce oil found in new blocks in the east coast of India.
In an announcement made today, Groupon said it has completed its $260 million acquisition of LivingSocial Korea, which is the holding company of Korean ticket and e-commerce company Ticket Monster.
Bitcoin ATM startup Robocoin intended to prioritize the demand of Bitcoins in the Asian region with the planned debut of its ATMs in Hong Kong and Taiwan this January, said a TechCrunch report.
