Pelaburan Mara announced plans to invest in a soon-to-be-launched Shariah-compliant fund together with the Al-Rajhi Group of Saudi Arabia.
Venture Capital
KKR returns to China's dairy industry with CDH venture
KKR & Co LP returned to China in a three way collaboration with CDH Investments and China's Modern Dairy Holdings.
AMR and US Airways set new deadlines
AMR and US Airways indicate new deadlines on their eventual decision on the merger as the lawsuit had affected the businesses.
AA, UA moves airline merger to be completed by January 18 next year
American Airlines and US Airways Group Inc. had came to an agreement that the USD14 billion merger should be completed before the new deadline, which is on January 18 next year.
Artesian Venture Partners launches new fund of funds worth USD100 million
Australian venture capital firm Artesian Venture Partners (AVP) announced the launching of a new fund of funds designed to provide investment opportunities in early stage venture capital limited partnership (ESVCLP) funds.
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JPMorgan Chase & Co and the Bill & Melinda Gates Foundation formed the Global Health Investment Fund to combat deadly diseases in developing countries.
Brooklyn Brewery would open a brewery in Stockholm in collaboration with Carlsberg A/S, D. Carnegie & Co. and a few private investors.
AirAsia India investor Arun Bhatia said he would question the Tata-Singapore Airlines joint venture after claiming he and AirAsia head Tony Fernandes were not informed about the transaction.
The partnership between Tata and Singapore Airlines could be a major game changer in the aviation industry where both firms invested USD100 million.
In a bid to comply with the 2010 Brazilian oil law, the government has sought ways to provide assistance for Petrobras to comply with requirements.
Mykola Azarov, the Ukranian PM, assured Russia that the EU agreements are no threat to Russia. The prime minister of the Ukraine reached out to Russia to allay fears as to Kiev's plans of signing a free trade agreement with the European Union.
The influx of major global airlines moved the Indian government to review its existing requirements for airlines to be allowed to fly international routes.
Aung San Suu Kyi said Myanmar needed foreign capital to recover but these should be responsible investments.
A Reuters report revealed that new independent power supplies in Japan were giving large monopolies a run for their money.
