Aug 20, 2013 | China, East Asia, News, North America
Reuters 16 August 2013 Chinese e-commerce company Alibaba Group, which is preparing for an initial public offering in Hong Kong, has bought a minority stake in online shopping company ShopRunner, the Financial Times reported on Friday. The acquisition is part of a...
Aug 20, 2013 | Central & Eastern Europe, Latin America, News, Russia
The Moscow Times President Vladimir Putin’s calls for domestic companies to repatriate their funds back home from offshore jurisdictions have fallen on deaf ears, with almost half of the $67 billion investment by Russian residents abroad in the first quarter of...
Aug 20, 2013 | Central & Eastern Europe, France, News, Russia, Western Europe
The Moscow Times The government has changed tack in its efforts to save the Russian civil aviation industry. Plans to tap the expertise of multinational European defense and aerospace heavy-hitter EADS have been abandoned as state-owned Vneshekonombank sells its $2.3...
Aug 20, 2013 | China, East Asia, France, News, Western Europe
Bloomberg L’Oreal SA, the world’s largest cosmetics maker, agreed to buy China’s Magic Holdings International Ltd. for HK$6.54 billion ($843 million) to expand in a market where sales growth is outpacing that of the company. L’Oreal will pay HK$6.30 a share in cash...
Aug 20, 2013 | China, East Asia, News
The Wall Street Journal HONG KONG–Auto parts supplier Visteon Corp. said Tuesday it is selling its 50% stake in its longtime Chinese joint venture and interests in other car-interior ventures to its partner, Huayu Automotive Systems Co., in a $1.25 billion cash...
Aug 20, 2013 | East Asia, News, North America
The Wall Street Journal Brookfield Property Partners L.P. has agreed to acquire Industrial Developments International Inc. (IDI) from the U.S. unit of Kajima Corp. for $1.1 billion, expanding the commercial real estate owner’s property portfolio. Industrial...
