Leung Chun-ying and the government of Hong Kong would be pressured to maintain its consistent positive economic growth amidst a property bubble at home and changes in foreign economic policies.
Sectors
Apple iOS bug fix addresses sensor calibration on iPhone 5 phones
The latest iOS7 update was able to fix sensor and app issues of iPhone 5S and iPhone 5C mobile units.
Majid Al Futtaim sets max deal volume for hybrid bond
The deal pegged to be at USD500 million is now worth USD1 billion. United Arab Emirates mall operator Majid Al Futtaim had set a maximum deal volume of USD500 million for a new hybrid bond according to a source familiar with the transaction.
Bromium raises USD40 million in Series C investment round
Bromium's oversubscribed Series C funding round had raised USD40 million. Bromium, whose micro virtual machine technology assisted IT administrators in trapping malware, raised USD40 million in investment capital.
Citadel Capital increases capitalization through share issue
The shareholders of Egypt's Citadel Capital had approved the share sale for increased capitalization expected to reach EGP3.64 billion.
Latest News
Upon appointment of the Dubai ruler, the Dubai Financial Market has a new chairman in Essa Kazim. The ruler of Dubai had appointed Essa Kazim to the position of chairman of the bourse operator Dubai Financial Market.
People with knowledge of the transaction said the Yue Xiu Group was nearing a deal to buy Hong Kong-based Chong Hing Bank.
The acquisition of the GE Power & Water business by APR Energy Plc would also make General Electric Co a strategic investor in the temporary power provider.
Hong Kong billionaire Li Ka-shing was reportedly amassing funds from divestment in preparation for strategic acquisitions in Europe.
Grupo BTG Pactual was reportedly working up a bid to purchase the commodities unit of JPMorgan Chase & Co.
Private equity firm Ardian acquired stakes in buyout funds amounting to USD 4.3 billion, proving that the secondary market is alive and well.
The IPO of state-backed power firm Meridian Energy would raise USD 1.6 billion or NZD 1.88 billion for New Zealand.
Billionaire investor Carl Icahn cashed in part of his ownership stake in video streaming company Netflix Inc.
Kevin Spacey was among the few personalities thanked by billionaire investor Carl Icahn for the performance of video streaming company Netflix Inc on the stock market.
