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Santander in talks to sell asset arm stake
Spain’s largest lender by assets is in negotiations with US private equity groups Warburg Pincus and General Atlantic over the sale of a stake in the business
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World in love with Iron Man as he rakes in $680m
The film has also raked in $504.8m in overseas sales, meaning its combined sales of more than $680m already put it ahead of final global box-office sales for Iron Man 2.
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Speed up 3G spectrum review, mobile firms say
Hong Kong’s leading mobile network operators are calling on the government to speed up the review of its plan to seize and auction off chunks of 3G spectrum in use. SmarTone Telecommunications, CSL, Hutchison Telecommunications Hong Kong and PCCW’s HKT … Continue reading
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Pimco expands in Asian pensions market
Asia’s expanding pool of private savings and a need to fund the retirement of the region’s ageing population have prompted the world’s biggest bond fund to expand its regional presence.
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A very Christian comeback
Albert Wong Kam-hong is bouncing back from tragedy in his own unique way. The 50-year-old former deputy chairman of Midland Holdings is set to soon emerge from a one-year self-imposed hibernation to build a Noah’s Ark, complete with animals, in the … Continue reading
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Hong Kong IPO market heats up with Sinopec unit, Galaxy Securities deals
A unit of Sinopec and brokerage China Galaxy Securities are launching Hong Kong initial public offerings on Monday seeking to raise up to HK$27 billion in total, injecting life into Asia’s moribund IPO markets where deal values more than halved … Continue reading
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Infiniti aims for 10pc of luxury markets by 2020
To most car owners, Infiniti has little brand pulling power. But Nissan’s luxury line – which set up its global head office in Hong Kong last year – says the brand will be better known than Audi and BMW in … Continue reading
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Norway oil fund lifts property purchases
Investment vehicle increases pace of growth in property assets by more than 10-fold from the same period a year ago
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Price gap widens in leveraged buyouts
Valuations are highest for the largest acquisitions, explaining why investors are now committing more fresh money to funds that target smaller groups
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Repsol goes high-tech in hunt for oil
Cutting-edge computer hardware is being harnessed by big energy companies to reduce the uncertainty that dogs the business of oil prospecting
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