China Cinda Asset Management Corp, one of China's four bad loan managers, is seeking up to $2.5 billion in an initial public offering in Hong Kong attracting global investors like Och-Ziff Capital Management Group LLC and Norway's sovereign wealth fund.
Regions
Seedrs crowd-raise GBP500,000 for international expansion
UK equity-based crowdfunding platform Seedrs announced that it is crowd-raising GBP500,000 using its own site to reach out to European investors and startups outside of the UK.
Government advisor reveals that RBS profited from struggling small businesses
Royal Bank of Scotland, which is 82% owned by taxpayers after a government bailout, is accused of pushing struggling small firms into its turnaround unit, for it to have reasons to charge higher interests, and in turn, take over their assets.
Lloyds to sell 30% to 50% TSB stake in public float
British financial institution Lloyds Banking Group Plc will reportedly put up for sale 30% to 50% of its stake in 631 bank branches. The said bank branches are being rebranded as TSB, which is expected to float on the stock market middle of next year.
Saputo hikes Warnambool bid to USD472 million in three-way contest
Canada-based milk processor Saputo Inc raised its acquisition offer for Australia-based Warrnambool Cheese & Butter Factory Co to AUD515 million in a three-way bid contest with dairy firms Bega Cheese Ltd and Murray Goulburn Cooperative Co.
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According to sources interviewed by Bloomberg, Cairn India is planning to buy back USD 1 billion worth of shares in order to give Anil Agarwal more control of the company.
Representatives from the German service sector Union Verdi, informed the public that they plan to walk out for at least one day on Monday. It has already organized several short strikes this year in a bid to force Amazon to accept a collective agreement on a dispute over pay and work conditions.
France-based phone firm Orange is nearing an agreement to exit its unit to Luxembourg-based cable and telecommunications investor Altice, according to sources interviewed by Bloomberg.
The British government will announce on Monday it has agreed a deal to sell off a portfolio of student loans worth 900 million pounds, Sky News reported on Sunday, quoting people close to the situation.
A U.S. housing regulator has been investigating the activities of a small California not-for-profit that bought hundreds of foreclosed homes through a federally backed program intended to help local communities hurt by the housing bust, according to government documents reviewed by Reuters.
Babcock, UK's leading engineering support service is in exclusive discussion to acquire a stake in helicopter transport services company, Avincis. Being a part owner of Avincis would open doors to lucrative defense contracting markets for Babcock, particularly in Spain and Italy.
During a panel discussion with Daimler CEO in Berlin on Saturday, Dieter Zetsche, said he would 'welcome' a Chinese investor. Daimler also took a 12% stake with Beijing Automotive Group.
Waze has released a new feature wherein its users are able to listen to voice navigation provided by celebrities due to its partnership with Universal Pictures.
Sheet music app Tonara rolls out interactive score synchronization to help musicians and stage techs
Tonara, an interactive sheet music app has rolled out a new score synchronization feature for the iPad. The new score synchronization feature allows musicians to review their practice sessions and in the future, power stage management functions as well.
