Investors seemed to be positive with regard to news from former Brazilian billionaire Eike Batista about Oleo & Gas Participacoes SA's creditors agreeing to convert $5.8 billion worth of company debt into equity stakes.
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Asia will weather effect of Fed Tapering - ADB President
Asian Development Bank President Takehiko Nakao expressed his confidence about Asia's economy should US Federal Reserve proceed with its plans to reduce its quantitative easing program.
Sprint's shares rise due to rumored merger with T-Mobile
Sprint Corp's shares climbed as much as 15% earlier in trading day today as speculation that it will be merging with rival T-Mobile US Inc rises, said a Bloomberg report.
Taiwan's The News Lens to reshape local journalism with angel funding and media veteran backing
The News Lens founder and chief executive Joey Chung said the new angel funding and the inclusion of media veterans Marcus Brauchli and Sasa Vucinic into the company fold will help the startup solidify its reputation as a trusted news source in Taiwan.
Probes in Indian mining deals endangers $160 billion projects - report
Commodity analysts believed that the successive probings into mining deals in India could become a factor in the potential disinterest of investors pouring in funds into the country.
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Tribune Co., which planned to split its newspaper division from its TV-broadcasting division in July, said that it intends to meet with Rep. Henry Waxman to dicuss his concern about the spinoff's impact on the Los Angeles Times.
Lucio Tan, the chairman and chief executive of Philippine Airlines Inc (PAL) is expected to finalize the majority stake sale in the flag carrier next year with San Miguel Corp (SMC).
A Bloomberg report said Jack Ma and Zhang Jindong may be allowed to create phone companies in China with the possible issuance of their licenses this month.
Money manager Kenneth Feinberg who co-manages the Davis New York Venture Fund and Selected American Shares will be leaving the New York-based investment firm by the end of this year.
Troubled smartphone maker BlackBerry on Tuesday announced that John Sims will join the company as head ofmits gloabl enterprise services business. Sims is a former executive at German software firm SAP.
While the search for the next CEO of Microsoft Corp intensifies. lead contender Satya Nadella took the time to mingle with Paris startups in a conference, Bloomberg reported.
Aubrey McClendon, the former Chief Executive Officer of Chesapeake Energy Corp, is seeking investors for a new venture that would invest in oil and gas.
David Gonski, the head of the sovereign wealth fund of Australia, will be the Chairman of the Australia & New Zealand Banking Group Ltd, Bloomberg reported.
The state of Russia under President Vladimir Putin agreed to acquire $15 billion worth of Ukrainian Eurobonds to help the beleaguered country of Ukraine out of a potential currency crisis, according to a Reuters report.
