Sectors
JPMorgan makes Credicorp a Latin American top pick
A JPMorgan report made Credicorp a top pick amid continued Peruvian economic growth. According to a JPMorgan Chase & Co. report, Credicorp Ltd. , the Lima-based parent company of Banco de Credito del Peru, may gain up to 32% by the end of this year as the Peru's economy continue to grow.
Global Power announces IBI acquisition
Global Power announced that they acquired privately owned IBI, LLC. Global Power Equipment Group Inc. announced today that it has acquired privately-owned IBI, LLC.
Alibaba hunts for further acquisitions after IPO
On Wednesday, Alibaba was reported to use the net proceeds of its IPO to fund more acquisitions as it wanted to broaden its mobile services.
Indian government banks need to put up US$25 billion
India state-run banks have been required to submit plans on how to raise US$25 billion. To strengthen risk defenses and to comply with recent changes to the Basel III capital standards, India's state-run banks are required this month to decide on methods to put up more than INR1.