Osram Licht AG, RTL Group and Evonik Industries would be moved to the MDAX of the Frankfurt bourse. Three major German firms would be added to the country's mid-cap index MDAX after their stocks were floated in the Frankfurt Stock Exchange in the earlier part of the year.
Investors
Hyundai reaches preliminary deal with South Korean union to end strike
Hyundai said it had reached a preliminary agreement with its union to help end the strike that had crippled their vehicle production.
Surgical Care Affiliates files for US IPO to raise USD 100 million
TPG Capital-backed Surgical Care Affiliates filed for a USD 100 million US IPO. A regulatory filing revealed that Surgical Care Affiliates Inc filed for an initial public offering (IPO) in the US.
Philippine's Megaworld gives additional PHP10 billion for Iloilo Business Park development
Philippine real estate developer Megaworld Corporation would be adding PHP10 billion to its PHP25 billion development fund for the 72-hectare Iloilo Business Park located in the Visayas region.
Qualcomm and Samsung unveil smartphone watch technology
Qualcomm and Samsung offered to the public the Toq and Galaxy Gear as an alternative to the smartphone.
Latest News
In a town hall meeting, Jeff Bezos reassured the editorial staff of his recently purchased Washington Post of optimism in the digital age and continued independent journalism.
Impax Asset Management announced its acquisition of two wind farms in Northern Finland. London-based Impax Asset Management Group said it had purchased two wind farms from Fortum Oyg and Metsahallitus.
China National Petroleum Corp bought a 20% stake in Novatek's Yamal liquified natural gas venture.
The European Union Chamber of Commerce in China said there was unfair treatment to foreign firms in the China bribery probe.
A source told Reuters that La Caixa would be selling 51% of its stake in Servihabitat, a real estate firm, to TPG.
Dangote Group president and Africa's richest man Aliko Dangote signed a loan worth USD3.3 billion with 12 local and international banks to fund a USD3 billion proposed oil refinery complex in Nigeria.
Bearings maker SKF agreed to buy US-based Kaydon Corporation for USD1.25 billion in cash. The world's biggest maker of bearings, SKF, said on Thursday that it had agreed on buying US-based Kaydon Corporation in the tune of USD1.
Dixons said it would pay EUR 69 million to mutares AG for the latter's acquisition of PIXmania.
Indonesia said it planned to relax the rule that forced foreign mining firms operating in the country to own no more than 49% of their stake in the mines within ten years after production has started.
