Xiao Gang, head of the China Securities Regulatory Commission, said the new reforms planned by the government on public share sales will increase the role of free market forces.
People
Africa not ready for capitalism
Dr. Peregrino Brimah of Every Nigerian Do Something or ENDS said Africa is not ready for Africapitalism at this time. He cited the reasons for this in his essay entitled "Is Africapitalism Good Or Bad For Africa?"
Tyra Banks' Fierce Capital backs a mobile advertising app
Tyra Banks has invested an undisclosed amount on Locket, a mobile advertising app made for Android smartphone lockscreens, through her company's investment arm Fierce Capital.
People Moves: Aviva, Blackstone, Barclays, Hiscox, Hartford Funds
The following financial services industry appointments were announced on Tuesday including Barclays, Hiscox, Hartford Funds and Aon Risk Solutions
Creators of Google Wallet secures USD7 million in Series A funding round
Index, a startup that provides software to enhance customer experience in physical stores, received USD7 million in Series A investment from investors including Innovation Endeavors, of which Google executive chairman Eric Schmidt is a co-founder.
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Antony Leung, the Greater China Chairman of Blackstone Group, would be making an exit from the private equity company to become the Chief Executive Officer of Nan Fung Group Holdings Ltd.
A report from The New York Times's The Dealbook showed where some members of the finance team who served in the first term of President Barack Obama are now.
When companies see activist investors as a threat before, a Reuters article said companies are now treating these types of investors as a catalyst for corporate change.
Potential investors would be having difficulty acquiring a majority ownership stake in beverage company Yeo Hiap Seng Ltd due to the Ng family, who had a controlling interest in Yeo's via Far East Organization.
Although taking different approaches, investors Bill Ackman and Bruce Berkowitz were attempting to salvage securities acquired before the US housing crisis with a combined value of more than USD100 billion, said a Bloomberg report.
An article published on tech news site VentureBeat raises the question on the staying power of social media giants and Silicon Valley darlings like Facebook and Twitter.
A trend in hiring former government officials in executive roles had been seen in investment firms, said a Bloomberg report. Recently, Warburg Pincus LLC appointed former US Treasury secretary Timothy Geithner as its new president.
Federal Reserve Bank of Boston Eric Rosengren said large international banks with broker-dealer units placed the financial system at risk, and as such, regulators should ensure that they have adequate capital.
According to a lawsuit filed by wireless communications firm LightSquared Inc, Dish Network Corp and its chairman, Charles Ergen had schemed to ensure that the latter would be able to obtain the former's broadband spectrum.
