Multiple industry observers noted that foreign firms were favoring cross currency swaps more than raising funds via issuance of Dim Sum bonds.
Sectors
Umpqua nearing Sterling USD 1.8 Billion acquisition deal - sources
Sources who disclosed to Reuters that Umpqua Holdings Corp. (UMPQ) was in advanced stages of closing an acquisition of Sterling Financial Corp for USD1.8 billion.
Japan starts study of LNG joint purchase program next month
The government of Japan announced that by next month, it would begin to thresh out the details of a joint procurement plan for the purchase of liquefied natural gas.
Increased value this year gives Pandora investors a reason to smile
The increased value of jewelry maker Pandora this year gave investors something to smile about. Pandora showed investors that they had something to smile about in 2013.
South Korea Pension Fund increases stake in local firms as it eases disclosure requirement
The National Pension Service of South Korea increased its stake in six local companies as the government lengthened disclosure times for share purchases over 10%.
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According to several sources who told Reuters, Ford Motor Co CEO Alan Mulally and Computer Sciences Corp CEO Mike Lawrie were endorsed by at least three of Microsoft Corp's top 20 investors for the CEO role.
Eike Batista's OSX Brasil SA engaged the services of Bingham McCutchen LLP for its restructuring efforts.
Tom Wilson, AllState CEO, had sought ways to expand its bottom line with the acquisition of Esurance and expansion of network.
According to two sources, KKR would acquire Gland Pharma for INR1 billion and would push through by the end of the month.
The Indian Telecom Commission had cleared the planned exit of Telecommunication Consultants India (TCIL) for its 30% stake in Bharti Hexacom.
An extended rally for the benchmark gauge this year had marked the increase in Asian stocks. Asian stocks had increased which marked an extended rally for the benchmark gauge this year.
Nestle SA said that it would keep all possible options open as it considers the sale of its 29.4% stake in L'Oreal SA.
The sale of expensive homes in South Mumbai had dropped by 10% from 30% two years ago with rental yields decreasing by more than half.
Blink, the online travel app was purchased by Groupon for an undisclosed amount. Groupon announced the acquisition of Blink, an online travel app. The focus of Blink is the European market, with highly curated same day booking services to add on to the rapidly expanding Groupon Getaways travel business.
