China's Sunergy reported higher first-quarter shipments and earned about US$61.7 million. Sunergy Co Ltd, China's solar panel maker, reported it gained higher first-quarter deliveries.
Investors
Reliance Communications Spins Off Property Unit
Reliance Communications would be listing its real estate business into a separate unit. The Reliance Communication of India has announced it would be spinning off its real estate business to a separate unit.
ProSiebenSat.1 owners preparing for exit
ProSiebenSat.1 owners, namely KKR and Permira, are seeking to either sell off shares or sell the whole firm to another media outfit.
Temasek Holdings Denies Bid for UK's Lloyd Banking Group Stake
Temasek Holdings denies approaching the UK government for its Lloyd Banking Group shareholdings. Temasek, the Singaporean sovereign wealth fund manager, has confirmed it had not approached the UK government as to the purchase of a part of state's shareholdings in Lloyds Banking Group.
Siemens and Stadler Planning Joint Venture
According to a report by German magazine Wirtschaftswoche, Siemens and Stadler are planning to form a joint venture.
Latest News
Standard Chartered organized this year's annual conference held in India by bringing African chairmen.
A. Schulman Inc dropped its bid for Ferro worth US$563 million after being ignored for months. A. Schulman Inc, a chemical producer, announced that it withdrew its bid for Ferro Corp.
The FCC approved Sprint's acquisition of Clearwire and SoftBank's investment on Sprint. After a unanimous vote, the Federal Communications Commission announced that it approved the transactions between SoftBank Corp, Sprint Nextel Corp.
In a meeting between British investors and state officials, opportunities for investments in Andhra Pradesh were discussed.
The benchmark Japanese government bond prices climbed which resulted to a proposed auction of a 30-year debt.
Minister of Food and Agriculture of Ghana Clement Humaldo urged investors to help cut down the losses from harvesting.
China and Switzerland signed in a free trade agreement today in Beijing. A new free trade agreement was signed by the governments of China and Switzerland today.
Investors said that the bond yield spike brought about by new jobs are signals to prepare their portfolios.
Asia's shipping industry was believed to be the best spot to experience recovery from the industry's worst slump.
