The race to get top investors between foreign and local managers heats up in a system with little foreign currency exposure and lack of information on deals.
Investors
Sumitomo of Japan in Discussion to Purchase BTPN of Indonesia
Sumitomo of Japan would be purchasing shares owned by TPG Capital in BTPN Bank of Indonesia. Sumitomo Mitsui Banking Corp of Japan is in discussion to purchase a US$1.
Asian Insurance Industry Grow at High Rate
Asian insurance industry investors see no sign of slowdown for fast growing market. A frenzy is underway in the Asian insurance industry and it has made many pay large sums so as not to miss opportunities to participate in the region's fastest growing market.
Sumitomo Corp Pulls Out of JV Agreement
Sumitomo Corp pulls out of JV Agreement and purchase sale of coal mining tenements. In disappointing move, Sumitomo Corp has pulled out of a coal exploration partnership with Aquila Resources.
BHP Billiton Sells Assets to Capstone Mining
BHP Billiton sells Pinto Valley copper mine and an Arizona railroad to Capstone Mining Co. In agreement reportedly worth US$650 million, BHP Billiton sells two major assets to Capstone Mining Corp.
Latest News
Barron's the financial paper, has said that Dell shareholders still stand to earn from the Dell-Silver Lake leveraged buyout deal.
James Breyer of Accel Partners would not stand for re-election to the board of social networking giant Facebook.
Telenor ASA purchases HTO's Bulgarian mobile unit. The biggest telecommunications operator in the Nordic region Telenor ASA has entered into an agreement to purchase Hellenic Telecommunications Organization SA's Bulgarian mobile subsidirary for Eur717 million or US$934 million.
According to Morningstar's analysis,
Vanguard Global REIT offers stable returns on investment.
BFA earmarks Eur275 million shares for Bankia. Reuters reported today that BFA, the Spanish state owned banking group, has committed that it will spend up to Eur275 million or US$358 million on the acquisition of new shares to be released by subsidiary lender Bankia by May of this year.
Zurich Insurance Chairman Josef Ackermann says that the insurer is withdrawing from biddings as the focus is on profit growth and not volume expansion.
BD Diagnostics inks a distributor agreement with Bruker Daltronics Inc. In an announcement it was disclosed that BD Diagnostics inked an international distributor agreement with Bruker Daltonics Inc.
Vale SA obtains clearance to leave Rio Colorado mining project. On Friday, a company spokesperson told Reuters that the Vale SA, a global miner, has already inked an agreement with the government of Argentina allowing them to quit from US$6 billion Rio Colorado potash mining project.
Renault-Nissan CEO Carlos Ghosn expects approval for the China plant for the carmaker to be approved by the end of the year.
