SAC Capital Advisors LP are faced with more clients redeeming their money that is predicted to be all gone by 2014, says SAC insider.
Investors
Zain Saudi allowed to defer payment of license fees
Zain Saudi has entered into an agreement with the Saudi Arabian Ministry of Finance to defer payment of mobile phone license fees to 2021.
Severn Trent Rejects New LongRiver Consortium Bid
Severn Trent rejects the new offer made by LongRiver consortium as it says it does not recognize the long term value and potential of the British water utilities firm.
Khazanah sells off part of stake in TNB
Khazanah, the Malaysian sovereign wealth fund has sold off part of its shareholdings in Tenaga Nasional Bhd.
UAE Aluminium Firms Merge
UAE's top aluminium firms merge to create a more competitive firm in the Middle East. (Photo : Reuters)The image is the factory of Dubai Aluminium.
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Brent Crude trades lower than US$100 per barrel after OPEC keeps its production target constant. (Photo : Reuters)A gas station employee filling up a vehicle.
Shanghui International Holding Ltd. stated its key to success from acquiring Smithfield Food Inc. Wan Long, the chairman of Shuanghui International Holdings Ltd.
Capital spending for Japan slides off to a 5.2% rate in this year's first quarter making Abe face challenges of restoring pledged private investment.
DBS Group Holdings Ltd. has extended the deadline to takeover PT Bank Danamon Indonesia from Temasek Holdings PTE.
Dubai shares moves up to its highest since 2008 and could end up being reclassified by HSBC to emerging market status.
China is directed to a more stable economy as President Xi Jinping announced manufacturer expansion.
SAC Capital Advisors LP is bracing for more than US$3.5 billion redemption notices from outside investors.
Mayor Kevin Johnson's efforts to retain the NBA franchise in the city of Sacramento succeeds after its approval by the NBA Board of Governors.
ENRC founders together with the Kazakh government is seeking to privatize the mining firm. The three pillars of Eurasian Natural Resources Corp is set to lead a consortium seeking to privatize the mining firm.
