Hanjin Shipping Co Chief Executive Officer Kim Young Min left the company as the South Korean shipper struggles financially due to its ballooning debt.
Investors
Mitel enters agreement to acquire Aastra for CAD392 million
Mitel Networks Corp's CAD392 million stock-and-cash acquisition of Aastra Technologies Ltd would create a major player in the communications technology and equipment market in Canada.
Tarkett to raise EUR 539.7 million in IPO
French flooring manufacturer Tarkett would be pricing shares for its IPO at EUR 27.75 to EUR 33.90 per share in its planned listing on the NYSE Euronext Exchange.
Deutsche Telekom acquires landline based GTS Central Europe
GTS Central Europe would provide expanded services through landline infrastructure to its purchaser Deutsche Telekom.
Yashili records highest closing since 2010 IPO
Yashili closed at HKD4.45 per share, the highest since its IPO in 2010, after investors agreed to buy company shares.
Latest News
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.
Limitations on funding had prevented technology startups in Africa to grow, according to a Reuters report.
Kenya's Treasury Secretary Henry Rotich confirms the sale of as much as USD2 billion worth of Eurobonds for the country's debt payments and energy projects.
A 68-megawatt portfolio of biomass power plants located in New South Wales, Australia was acquired by Asset manager, Capital Dynamics.
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.
