The Chinese news agency issued the corrected statement after analysts made speculations about the published report.
Investors
KrisEnergy look to earn SGD270 million in its IPO
KrisEnergy revealed that it its looking to raise more than SGD270 million in its market debut. KrisEnergy Ltd is looking to receive up to SGD270 million in net proceeds in its initial public offering.
India to benefit from ADIA's US$200 million investment
Abu Dhabi Investment Authority laid out plans to invest US$200 million in Indian real estate. Abu Dhabi Investment Authority revealed plans to make investments of about US$200 million in Indian real estate emphasizing a trend for significant Gulf sovereign wealth funds to diversify from developed markets such as Northern American countries and Europe, two sources with knowledge of the deal said.
Canadian dollar fluorishes amidst crisis
While many currencies have floundered, the Canadian dollar has provided great returns to investors. As the recent weeks have showed, many global currencies have been buffetted by volatile trade as well as the uncertainty as to the next decision of the US Federal Reserve as to its stimulus programs.
Austria’s second biggest lender announces ‘massive’ cost-cutting plan
Raiffeisen Bank International explores cost-cutting measures to raise Eur 1.8 billion. Austria's Raiffeisen Bank International (RBI) is about to bite the bullet as it launches a cost-cutting program to raise Eur 1.
Latest News
The Australian Competition and Consumer Commission makes a probe about a newspaper report involving Crown Ltd.
German DIY retail Praktiker may have filed for insolvency this week but plans to rehabilitate the company is brewing.
Months after enjoying record highs, 'Abenomics' produces lackluster figures. By all indications, Japanese Prime Minister Shinzo Abe's economic policy agenda dubbed "Abenomics" seems to be coming back to earth.
TRIMET issues a binding offer to purchase two companies owned by Rio Tinto Alcan. German aluminum producer TRIMET is interested to purchase St. Jean-de-Maurienne aluminum smelter and Castelsarrasin casting facility in France, which are both owned by Rio Tinto Alcan.
The United States and China confirmed they are negotiating again over a proposed investment treaty. After several snags, both Washington and Beijing announced that they are going to start where they left off on the proposed investment treaty.
China planned to promote technology and boost the progress in energy-saving industries to unleash the economy's potential.
Wolfgang Schaeuble initiated exploratory talks with the chairman of UBS about its stake in Commerzbank.
Vivus wanted to reach a settlement with the biggest investors for board control. Today, Vivus Inc. told investors and experts in a conference that it considered discussing a possible settlement with stockholder First Manhattan Co.
Debates once again arise about how to strengthen banks without suppressing lending and estranging investors.
