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PARIS: France's business elite closed ranks around publishing group Lagardere on Monday with LVMH's Bernard Arnault and Vivendi's Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital.
BEIJING: The apparent detentions of two Canadian men in China this week have raised the stakes in a three-way international dispute with the United States.
HONG KONG: China stunned the finance world last week when it unveiled plans to allow foreign control of its financial institutions. Few bankers thought their long-held dream of better access to the world’s largest banking market was within reach.
JERUSALEM/BEIRUT (Reuters) - Two Israeli air strikes against Hezbollah targets in Syria in recent weeks seem to mark a more openly assertive stance towards the group after years of shadow boxing, requiring careful calibration to avoid escalation into a war that neither wants.
PETALING JAYA: Three China-based companies including China National Cereals, Oils and Foodstuffs Corp (COFCO) are vying for strategic stakes in Felda Global Ventures Holdings Bhd (FGV). A source close to FGV told StarBiz that: “These Chinese companies are major global consumers of palm oil/palm products and are looking to raise stakes in FGV via the open market.”
HONG KONG: Morgan Stanley and UBS Group AG are set to raise their stakes in separate Chinese securities joint ventures to 49%, people with direct knowledge of the moves said, betting on strong deals momentum in the world’s second-largest economy.