Glencore to agree to concession requirements to achieve regulatory compliance for Xstrata merger. Glencore is now in the process of confirming concessions in order alleviate Chinese worries over its stranglehold on the existing copper supplies.
Investors
Distell to Purchase Burn Stewart Distillers
Distell's purchase of Burn Stewart expands its market. South Africa's largest wine and spirit producer, Distell Group Ltd, is planning to acquire Scotch whisky maker Burn Stewart Distillers Ltd.
Betfair has lost its way
Betfair is entertaining bids and according to its former CEO, has lost its way. Betfair, the online gambling company, is now the object of a takeover bid from CVC Capital Partners.
Centrica-Qatar venture purchases gas assets in Canada
Centrica-QPI joint venture purchases Suncor assets in Canada. Centrica of Britain and Qatar Petroleum International has purchased gas and oil assets previously owned by Suncor Energy.
ING NV is selling off its TMB Bank shareholdings
ING NV would be launching its sale of its US$1.2 billion shareholdings in TMB Bank after the May 5 elections.
Latest News
The merger of two of the largest automated trading firms would create savings as well as increase revenues for the new merged entity.
Woori Chairman resigns amidst declining share values. Lee Pal Seung, Chairman of Woori Finance Holdings Company, plans to resign prior to the South Korean government's fourth plan to sell its shares in the country's largest financial service group.
Cordiant Capital would be offering loans to emerging markets through its Cordiant Emerging Loan Fund IV.
Amidst its insider trading investigation, SAC Hong Kong has lost five staff members and moved three others to other SAC offices.
Private equity firms selling off securities despite government infusion efforts. Many private equity firms have been purchasing government securities that are protected against inflation because of the Federal Reserve's efforts to expand money supply.
SAC Capital Advisors has lost seven Hong Kong staff and relocated five others, but the hedge fund had declined to explain the departures.
Private equity CVC Capital Partners, which owns Formula One, is reportedly eyeing online gambling group Betfair, according to reports.
Creditors of the European arm of Lehman Brothers, which collapsed in 2009, may be repaid in full.
Malaysia's vibrant bourse is now the home of SPAC's in Asia. Malaysia is seeing a new kind of IPO in their bull market, called special purpose acquisition company.
