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Messaging app firm Line Corp 'files for U.S. IPO'
BY Reuters |
18 Jul 14
Line Corp, a Japan-based social messaging service firm, has filed for an initial public offering in the United States, Bloomberg news reported on Friday, citing unidentified sources.
KDDI, Sumitomo Corp to invest $2 bln in Myanmar telecoms
BY Reuters |
17 Jul 14
Japan's KDDI Corp and Sumitomo Corp, in partnership with Myanmar's state-backed telecoms operator, plan to invest about $2 billion over the next decade to expand service in one of the world's least-connected countries.
Anticipating a Jokowi win in Indonesia, rivals consider switching sides
BY Reuters |
17 Jul 14
Indonesia's likely next leader Joko "Jokowi" Widodo may find a friendlier parliament to help push through a reform agenda in Southeast Asia's largest economy, as several members of the second-largest party consider joining his camp.
Israel to expand tax breaks to boost investment in start-ups
BY Reuters |
17 Jul 14
Israel's government plans to expand tax breaks to investors funding early stage start-ups as part of its strategy of promoting economic growth through innovation, the finance and economy ministries said on Wednesday.
UAE bourses merger shelved as terms not agreed
BY Reuters |
17 Jul 14
A planned merger of the Dubai Financial Market and the Abu Dhabi Securities Exchange has been shelved for the foreseeable future as terms for the politically sensitive move could not be agreed upon.
Banco do Brasil adds to comeback in Islamic funds
BY Reuters |
17 Jul 14
A unit of Brazilian state-run lender Banco do Brasil SA plans to launch its first Islamic fund to help raise the profile of its Singapore unit, joining a growing list of asset managers returning to the sharia-compliant sector.
Ferrero buys Turkish hazelnut company Oltan
BY Reuters |
17 Jul 14
Italy's Ferrero, the maker of Nutella chocolate spread, said on Wednesday it had bought Turkish company Oltan, one of the world leaders in the production and marketing of hazelnuts.
'Court lifts freeze on Zain Iraq earnings'
BY Reuters |
17 Jul 14
An Iraqi court has lifted a freeze on future revenue of Zain Iraq although previously frozen revenues remain blocked, Kuwaiti parent Zain said on Tuesday, after a $4.5 billion lawsuit against the Iraqi firm was dismissed this month.
Sumatec to buy Borneo Energy for $250 mln
BY Reuters |
17 Jul 14
Malaysian upstream oil and gas company Sumatec Resources Bhd has agreed to buy Borneo Energy Oil And Gas in a cash-and-share deal worth $250 million, Sumatec said on Friday.
Bankers woo Maybank with deal ideas after CIMB threatens crown
BY Reuters |
17 Jul 14
Investment banks are rushing to court Malayan Banking Bhd (Maybank) with a range of M&A ideas, convinced its archrival's plan to acquire two lenders will push Malaysia's top bank to do a deal of its own.
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