Westfield Group said it would sell its seven US shopping centers to Starwood Capital in a deal valued at USD1.6 billion.
Sectors
Shadow banking precursor to another 'Lehman Weekend'
The 'Lehman Weekend' was the height of the financial crisis five years ago and may be repeated if 'shadow banking' would be allowed to continue without regulatory action.
CORRECTED: Zurich Insurance picking up after twin losses
A new marketing campaign is being rolled out by Zurich Insurance to assure the public that it is business as usual despite the suicide of its CFO and resignation of its Chairman.
Saudi Prince will not sell any of his Twitter shares at IPO
In an interview with Reuters, Saudi Arabian Prince Alwaleed bin Talal said he, through his Kingdom Holdings investment firm, would not sell any Twitter shares owned in the IPO.
Volkswagen to increase stake in Chinese joint venture
In an interview with a German daily, Volkswagen CEO Martin Winterkorn confirmed plans to increase its stake in the Chinese venture with FAW Group.
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Egyptian private equity firm Citadel Capital said on Sunday it would increase its capital following the clearance it had won from the company's shareholders.
Koor Industries had sold another 5.5 million shares in Credit Suisse. The sale was valued USD169 million said the Israeli holding company on Sunday.
James Leigh-Pemberton would take a new position as the new head of UK Financial Investments on Monday according to an internal memo released by Credit Suisse and was seen by Reuters.
The stock markets of the Middle East breathed a sigh of relief as the US-Russia agreement on Syria's chemical weapons averted a military strike.
The experience of some Muslim dominated countries as to tapping Islamic pension funds for capitalization had reaped benefits.
In an interview, Donatella Versace confirmed the near finalization of a deal with a minority stakeholder.
About INR900 crore had been earmarked for Tata Sky's format upgrade. Tata Sky, the direct-to-home television operator, had drawn plans to invest its INR900 crore this fiscal year on technology upgrades in order to reach out and achieve a 30% growth in subscribers.
DGH, in an order, required the relinquishment of awarded concessions to Reliance-BP for the 'expiry' of time for its development.
Because of the proliferation of smartphones, Olympus Imaging India is scrapping its low end camera line and the focus would be on its premium brands.
