An article pointed out how the donation of the state of Hong Kong paled in comparison to donations and efforts by HSBC Group and KGLI Asia.
Investors
Petrochina enters USD2.6 billion agreement to acquire Peru assets of Petrobas
PetroChina's acquisition of Lots 57, 58 and X would help the state-backed oil and gas company diversify its assets abroad, said one analyst.
Lone Star wins bid to acquire Osaka prefecture-owned assets - sources
The government of Osaka prefecture's exit from the OTK Group was its strategy to privatize the latter.
Ugandan energy distributor Umeme secures USD190 million fund
Ugandan energy company Umeme Ltd. obtained USD190 million in funding from the International Finance Corporation, Standard Chartered Bank and Stanbic bank. The long-term loan would be used for the company's capital investment program.
MAG Interactive sweeps up USD6 million in funding from Nokia Growth Partners
Sweden-based app maker MAG Interactive collected USD6 million in funding from Nokia Growth Partners to be used for the development and expansion of its product and facilities.
Latest News
Chicago-based tech company Trustwave Holdings Inc signed a deal to acquire New York-based data security software provider Application Security Inc for an unconfirmed amount yesterday.
Goldpoly New Energy Holdings Limited entered into a framework agreement with Kunlun Trust Co., Ltd for a joint acquisition of 500MW of solar energy plants in China and Mongolia.
Wireless communications developer xG Technology Inc. announced that its initial public offering will be priced at USD1.75 per share. The company would raise USD10 million in IPO.
St. Louis-based agricultural data company Monsanto Co. finalized the acquisition of weather forecast and insurance firm The Climate Corp. in a deal that was valued at USD930 million.
ICE chief executive officer Jeffrey Sprecher said divestments of some of NYSE's assets was detrimental to its goal of reducing expenses of its newly-combined company.
San Francisco-based payment and open currency startup Ripple Labs raised USD3.5 million in a funding round to be used for the development of its digital currency network.
Textbook rentals and academic services company Chegg priced its IPO at USD12.50 per share. The startup exceeded expectations after initially pricing its share at USD9.50 to USD11.50 per share.
The chief executive officers of Men's Wearhouse and Jos A Bank had discussed encouraging points as to the further exploration of merger talks between the two clothing firms.
Netherlands-based LED lighting solutions developer Ledzworld recently received USD5 million in funding to be used for the acceleration of its sales, manufacturing, and global expansion.
