A 68-megawatt portfolio of biomass power plants located in New South Wales, Australia was acquired by Asset manager, Capital Dynamics.
Investors
Dexus Property and Canada Pension Plan Investment Board purchase office trust from Commonwealth Bank of Australia
Dexus would be managing one fourth of commercial buildings in Sydney upon the takeover by CCPIB of the office trust held by the Commonwealth Bank of Australia.
Renaissance Investment Management bets on emerging markets, eyes stocks in Philippines
Analyst Andrew Temming of US-based investment firm Renaissance Investment Management said the firm had yet to find a stock on the Philippine Stock Exchange that they'd like to invest on.
Hanjin Shipping chief steps down, takes responsibility for massive debt
Hanjin Shipping Co Chief Executive Officer Kim Young Min left the company as the South Korean shipper struggles financially due to its ballooning debt.
Robinson's IPO affected by Typhoon Haiyan
Money managers saw the retreat of IPO valuations for the Robinson's Retail Holdings Inc's IPO due to the devastation wreaked by Typhoon Haiyan.
Latest News
Octopus Investments led the seed round, which raised more than GBP 700,000 for Uniplaces. Student accommodation website Uniplaces was able to raise more than GBP 700,000 in seed funds.
After moving to block an attempted takeover of Royal KPN NV by Carlos Slim's America Movil, KPN Foundation was considering exiting its ownership stake in the Dutch phone company.
Wood Group said it would be buying Elkhorn Holdings Inc for an undisclosed amount. International energy services company Wood Group said it would be purchasing Wyoming-based Elkhorn Holdings Inc.
Because of comments considered as arrogant as against the government, the work permit of Konkola Copper Mines CEO has been cancelled and he would be barred entry into the country.
President Xi Jinping and other Communist leaders to meet up for the third plenum of China. As the final quarter of 2013 comes around, China's economy has undergone an acceleration in manufacturing and exports creating momentum for the Beijing leadership to be confident on possible policy shifts to be implemented for the next decade.
The Indian government planned to gather USD 2.3 billion through a share sale of its two state-owned firms to boost public coffers, according to sources interviewed by Reuters.
Switzerland-based company Koelstra announced that Dutch company Little Company had agreed to the former's acquisition offer at an undisclosed amount.
Despite continued speculations that it would go public, Japan-based messaging app Line said it did not see the need to hold an initial public offering.
London-listed drugmaker Shire announced its intention to buy U.S. pharmaceutical company for USD4.2 billion.
