Banco de Oro (BDO), the top lender in the Philippines, has successfully completed a PHP5 billion fundraising through an offering of high-yield deposits to retail and institutional investors.
Investors
Global Infrastructure to exit Brisbane port stake to Cassie for AUD1 billion
Global Infrastructure Partners will sell its 27% stake in the Port of Brisbane to Cassie de Depot et Placement du Quebec for AUD1 billion (USD908 million). Cassie is the second-biggest pension fund in Canada.
The Maschhoffs inks definitive agreement for acquisition of US poultry firm
Illinois-based giant pork producer The Mashhoffs inked a definitive agreement to acquire Midwest poultry producer GNP Company in a deal that will provide the capital that GNP needs for its growth.
Anbang Insurance Group mulls bid for Hong Kong 's Wing Hang Bank- sources
Sources told Bloomberg that Beijing-based insurance firm Anbang Insurance Group was thinking of offering a bid for Hong Kong's Wing Hang Bank Ltd even though an Anbang press official said the company has no plans to purchase the lender.
Developer acquires Washington Post building for USD159 million
Graham Holdings Co. announced the sale of the headquarters of The Washington Post to developer Carr Properties for USD159 million in a deal expected to be closed by the end of March 2014.
Latest News
Bitcoin advocate Mike Hearn and skeptic Dr. Stephen Kinsella shared their opposing views on the future role of the digital currency in a BBC News report.
The market has quieted a day before the US Thanksgiving, but retail stocks Barnes & Noble, Crocs, and Rite Aid are still making waves all over the world.
Virtual currencies are all the rage these days, with Bitcoin at the lead. A report on The Irish Times examined the other solutions that the digital money could provide.
Specialty Fashion Group, the biggest women's fashion seller in Australia, bought the Rivers clothing brand for USD5 million and plans to increase the number the Rivers outlets from 160 to 220.
American private equity firm KKR & Co LP reportedly agreed to commit USD200 million in Indian injectables manufacturing company Gland Pharma. The deal could put the company's valuation around USD600 million to USD650 million.
The Bitcoin is doomed to fail because it is private money. This was the view expressed by Edward Hadas, the economics editor of Reuters' Breakingviews.
Hong Kong-based Shuanghui International Holdings intends to offer a counter bid for Spanish meat processor Campofrio. Mexican food company Sigma Alimentos earlier offered Campofrio a takeover deal worth EUR695 million.
Australia-based gas and oil explorer Octanex said the main reason for its merger with Peak Oil & Gas was the latter's access to exploration projects in the Philippines and in Indonesia.
Charter Communications Inc is raising USD25 billion in debt to fund the acquisition of Time Warner Cable Inc, according to a source familiar with the matter.
