The U.K. Business Secretary has outlined their plans for the sale of stocks in the state-owned Royal Mail Group Ltd
Investors
AirAsia X makes modest debut after US$310 million IPO
Air Asia X Bhd makes a modest debut after the recently concluded US$310 million IPO AirAsia X Bhd made a modest market debut after its recent IPO (initial public offering) raised US$310 million to help the budget carrier expand its strong growth prospects for travel to and from Southeast Asia.
JPMorgan makes Credicorp a Latin American top pick
A JPMorgan report made Credicorp a top pick amid continued Peruvian economic growth. According to a JPMorgan Chase & Co. report, Credicorp Ltd. , the Lima-based parent company of Banco de Credito del Peru, may gain up to 32% by the end of this year as the Peru's economy continue to grow.
Global Power announces IBI acquisition
Global Power announced that they acquired privately owned IBI, LLC. Global Power Equipment Group Inc. announced today that it has acquired privately-owned IBI, LLC.
Alibaba hunts for further acquisitions after IPO
On Wednesday, Alibaba was reported to use the net proceeds of its IPO to fund more acquisitions as it wanted to broaden its mobile services.
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Saudi Arabia funded US$5 billion while UAE offered US$3 billion worth of aid to help Egypt’s struggling economy.
Summit Industrial Income REIT announced that they are to acquire three light industrial portfolios Summit Industrial Income REIT (Summit II REIT) announced that they have waived conditions and would acquire the portfolio of three light industrial properties located in Laval, Quebec and in Brampton and Barrie, Ontario.
William Lynch filed a surprise resignation last Monday that could result for Barnes & Noble to redirect its focus to retail selling of its books through outlets.
Kayne Anderson MLP Investment Company announced public offering of its 5,750,000 shares with net proceeds to be used for additional portfolio investments.
Ingersoll said that it could see Allegion reach a market capitalization of US$4 billion. Chief Executive Officer of Ingersoll-Rand Plc, Mike Lamach, said that its security unit, Allegion Plc, could have a market capitalization of around US$4 billion when it starts trading on the exchange later this year.
HFF announced that they were able to close the sale of the MeadWestvaco World Headquarters HFF (Holliday Fenoglio Fowler, L. P. ) announced that they were able to close the sale of the MeadWestvaco World Headquarters which is a a 310,950-square-foot, trophy office building in Richmond, Virginia.
CEO Smithfield Foods is scheduled to testify before the Senate Agriculture Committee in Washington on July 10 regarding it's deal with Shuanghui International.
Gold Mining USA Inc announced that they were able to secure the 100% of the Preacher Mineral Leases in Nevada.
JPMorgan have started buying South Korean Equities due to their current valuations. JPMorgan Asset Management and Charlemagne Capital Ltd. have started to buy South Korean equities after they are said to be at their lowest valuations since 2009.
