Scotiabank withdrew its offer for Bank of Guangzhou's 20% stake after Chinese authorities' refusal for its Can$719 million bid.
Investors
GLG postpones IPO of Sibanthracite
The IPO, which would have been the first in the UK involving a Russian company this year, was postponed due to market conditions and investor sentiment.
Energy sector in Kenya needs to improve - Agency
The Energy Regulatory Commission said that the country needs to improve its energy sector. Kenya's energy regulation agency said today that the country will increase its efforts in improving its investment climate.
Ernst & Young: UK IPO market's success driven by tech firms
According to Ernst & Young, UK IPO market's success was driven by smaller US tech firms. According to the latest IPO Eye report from Ernst & Young, the UK initial public offering market ranked third, after the New York Stock Exchange and NASDAQ.
M.D. Sass launches new fund
M.D. Sass, led by Martin Sass, opened its new equity income fund. Leading investment management firm in Sacramento M. D. Sass announced today that it began its M.
Latest News
Telenor appointed Petter Furberg as new CEO. Telenor Group named a new Chief Executive Officer for Telenor Myanmar. The company appointed Petter Furberg for the position, effective upon approval from relevant Myanmar authorities.
The Philippines' biggest corporation eyes to raise US $4 billion for its power assets shares. San Miguel Corp, Philippines' top acquisitive company, is planning to accumulate US $4 billion to finance its infrastructure project expansion by selling its power assets.
South Africa's second-biggest financial services corporation's talks to purchase Merchant Ghana Bank failed.
Tsinghua Unigroup buys the cellphone chip designer for US $1.78 billion. Tsinghua Unigroup approved to purchase Speadtrum Communications Inc in the amount of US $1.
Daimler reported that its quarterly operating revenue boosted by selling its aerospace and defense firm EADS stake.
In order to attract foreign businesses, India removed a 10% levy in its sugar sector. Direct investments and foreign ventures are expected to come towards the global sugar industry, said India's top sugar producer Balrampur Chini.
Bloomberg New Energy Finance reported that investments in the renewable energy sector increased except in the European region.
To increase investments in the research and development sector of India, a government panel created new guidelines.
Cloudary Corp, China's online company, would withdraw its IPO worth more than US$200 million due to the market's current condition.
