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Indonesia restricts foreign investment in oil services industry
BY Reuters |
07 May 14
Indonesia has introduced new regulations restricting foreign investment in drilling, maintenance and construction in the oil industry, in an effort to give domestic firms an opportunity to better compete, government officials confirmed on Monday.
Lotte REIT becomes 2nd big Asia IPO to be pulled this week
BY Reuters |
07 May 14
Lotte Shopping Co Ltd said it is postponing an up to $1 billion real estate investment trust listing in Singapore due to unfavourable market conditions, the second-largest IPO to be pulled in Asia this week.
Hastings, China Merchants to pay $1.6 bln for Port of Newcastle
BY Reuters |
07 May 14
Hastings Funds Management and China Merchants Group have won a state government auction for a 98-year lease on Australia's Port of Newcastle, the world's biggest coal export terminal, paying a higher-than-expected A$1.75 billion ($1.6 billion).
Siemens, Mitsubishi Heavy form metals JV
BY Reuters |
07 May 14
Germany's Siemens said it signed an agreement to enter a joint venture with Japan's Mitsubishi Heavy Industries to provide "plants, products and services for the iron, steel and aluminum industry."
Omani govt raises $530 mln from sale of 19 pct of Omantel
BY Reuters |
07 May 14
Oman's government raised nearly 204 million rials ($530 million) from its sale of a 19 percent stake in Omantel, part of efforts to revive its privatisation programme, a Muscat bourse statement said on Wednesday.
Qatar's United Development to sell $398 mln of land
BY Reuters |
07 May 14
Qatar's United Development Co, a real estate company developing The Pearl residential complex on an artificial island in Doha, said it had agreed to sell 47 plots of land in the area for 1.45 billion riyals ($398 million).
Buying stakes in Europe to compete, not control: Etihad
BY Reuters |
07 May 14
Abu Dhabi's Etihad Airways on Sunday said its strategy of buying stakes in European airlines was bringing fresh competition to the region, despite close scrutiny by regulators over whether its investments comply with European ownership rules.
Dubai Islamic Bank in talks for Indonesia buy as profit doubles
BY Reuters |
07 May 14
The chief executive of Dubai Islamic Bank (DIB) said on Thursday it was in talks to buy a 40 percent stake in an Indonesian Islamic lender, as the bank eyes the world's most populous Muslim country to help diversify its revenues.
Khazanah 'plans new exchangeable Islamic bond'
BY Reuters |
07 May 14
Khazanah Nasional Bhd, a Malaysian state investor, is planning a new exchangeable Islamic bond or sukuk, IFR reported on Wednesday, citing people with knowledge of the deal.
Danone to buy New Zealand milk powder plant
BY Reuters |
07 May 14
France's Danone SA will buy milk formula processing and packing factories in New Zealand to replace supply lost by terminating contracts with the Fonterra dairy cooperative following a food safety scare last year.
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