Chinese businessman Tong Jinquan to buy over half of Viva Industrial's stake in IPO- sources

Chinese tycoon Tong Jinquan would be purchasing SGD 200 million shares in Viva Industrial's SGD 375 million Singapore IPO.


Tropical Storm Octave to bring heavy rains, possible flooding to Texas

Tropical Storm Octave could flood some parts of Texas when it makes landfall sometime this week. According to The Inquisitor, Tropical Storm Octave could bring heavy rains and potential flooding in the Southwestern portion of the US.

Indian drug market contracting further

Because of price caps and channel disruptions, the Indian drug market still is continuing its negative growth pattern.

Cudos Capital to raise EUR150 million

The new fund of private equity firm Cudos Capital, which is co-founded by former Austrian chancellor Alfred Gusenbauer, would seek to raise EUR150 million.


Latest News

More than 380 people were arrested in a race riot that occurred Sunday in Moscow. Police authorities in Moscow apprehended more than 380 people in a race riot on Sunday.
Porsche released teaser photos of its 2014 sport utility vehicle or SUV model, the Macan. German carmaker Porsche released teaser photos of its 2014 Macan for its fans.
The 2014 Macan would be unveiled by Porsche at an auto show in Los Angeles in 37 days. Porsche would be unveiling the Macan in 37 days. The 2014 SUV model would be shown at an auto show to be held in Los Angeles.
Minnesota-based St. Jude Medical purchased California-based Nanostim Inc for a price tag of USD 123.5 million.
Baring Private Equity Asia completed its acquisition of India-based outsourcing firm Hexaware Technologies.
Philippines-based Del Monte Pacific agreed to acquire San Francisco-based Del Monte Foods Co for USD 1.68 billion.
The Telegraph reported that several private equity groups were invited to bid for a controlling stake of Ambassador.
The proposal of the Brazilian Stock Exchange to form a takeover panel has gained the support from investors and the Brazilian finance regulator.
The American retail banking unit of the Royal Bank of Scotland would be worth more if sold, according to a Wall Street banker.
Alibaba planned to transform with the Chinese retail industry by increasing online transactions to almost USD 490 billion.
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