Sectors
Asia's richest man continues to invest in Europe
Asia's richest man, Li Ka-shing made several investments in Europe which are now starting to pay off.
Health IT sees upsurge in total investments in the second quarter
Health IT sector recorded US$623 million in investments made towards the sector in the second quarter of 2013.
Nan Fung increases market share through about 30% stake in Forterra Trust
Nan Fung planned buy a stake in Forterra Trust to increase its market share. Nan Fung planned to acquire abount 30% stake in Forterra Trust. The Hong Kong property developer will pay SGD$226.
Ajay Piramal Group to invest INR1,000 crore in India's healthcare industry
Ajay Piramal Group announced that India Venture Advisors is launching a INR1,000 crore fund that targets early-stage healthcare companies.
Latest News
Alcresta announced that it had raised US$10 million to accelerate production and commercialization of its drug that helps cancer patients.
RIL announced that it is to invest a further US$5 billion in US-based shale gas business. Reliance Industries Ltd. revealed that it is going to invest more than US$5 billion over the next three years in its US-based shale gas enterprise.
BAIC Group stated that it is planning to buy assets from Fisker Automotive Inc. to enhance its own electric vehicle development.
Bruno Wu and Thomas Middelhoff stated that they have combined assets with revenues of around US$2 billion to create a media and alternative investment firm.
Dunedin successfully raised GBP50 million more from their original target of GBP250 million for its latest buyout fund.
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Swiss National Bank keeps its franc ceiling of 1.20. The Swiss National Bank (SNB) will maintain the franc ceiling of 1. 20 against the euro. The SNB imposed the ceiling on the franc in September of 2011 which allowed it to stockpile foreign-currency reserves that is equivalent to 75% of Switzerland's annual economic output.
Bank of Canada will keep its targets of keeping rates low. The Bank Canada will stick to its targets in terms of keeping rates low despite talks of economic weakness during the G20 meetings in Moscow, Governor Stephen Poloz told reporters on Saturday.
Hong Kong's richest man Li Ka-shing is reportedly considering putting up for sale the ParknShop chain for US $2 billion.