Two of Everbright Securities senior executives resigned after severe penalties amounting to were imposed on the company for allegations of insider trading and other illegal activities.
Sectors
Turbomeca buys Rolls-Royce's helicopter engine program stake for EUR293 million
Rolls-Royce had sold its 50% stake in the RTM322 helicopter engine program to its program partner Turbomeca by Safran for EUR239 million or USD386 million.
Debt specialists surround Billabong to seek board spill
Coastal Capital joined debt specialists to seek board spill in Billabong International Ltd. Coastal Capital, a hedge fund based in the US, on Monday joined other debt specialists in surrounding Billabong International Ltd, looking for a board spill.
HTC Employees lands in jail over HTC trade secrets breach
Reuters reported that five of HTC's employees were jailed over the weekend over trade secrets breach claimed by the Taiwanese mobile phone maker.
BYD makes comeback thanks to gasoline-fueled cars
BYD Co Ltd is in the midst of a comeback thanks to a jump in sales of its gasoline-fueled cars. BYD Co Ltd, the company best known for electric cars, is in the process of a comeback with the help of traditional gasoline-fueled vehicles.
Latest News
Etihad plans to invest USD600 million in Jet Airways after approval from Indian authorities. Etihad extended the regulatory clearance deadline of its USD600 million deal with Jet Airways.
According to two sources who were familiar with the decision, Verizon Communications and Vodafone Group would be announcing a finalization of the USD130 billion exit deal, which would be financed in cash, stock and bank financing.
Hankook Tire Co Ltd stepped up by striking a deal with luxury car maker Daimler AG to supply tires for its new Mercedes-Benz S-Class and E-Class sedans.
The oil consortium led by Essar oil is questioning a planned move to rescind an award over oil fields made seventeen years ago.
The mining industry would suffer further degrowth without changes in policy and structure. Many experts have called out to the government that the mining and quarrying industry would most likely suffer more as it contracts by 2.
Many Gulf markets registered losses as the region prepares for the possible military action to punish the Syrian chemical attack on civilians.
The boards of Verizon and Vodafone would vote over the weekend on the proposed USD130 billion buyout.
After a three year prohibition on share trading, Warba Bank shares are now available for trading in the stock market.
The latest purchase made by Coca-Cola in Mexico was recently announced after an acquisition spree across three continents was undertaken.
