ThaiBev: Fraser & Neave Deal Unaffetced by Heineken's Asia Pacific Breweries Bid
Thai Beverage (Y92.SG) said Friday an offer by Heineken (HEIA.AE) to buy out Fraser & Neave Ltd.'s (F99.SG) stake in Asia Pacific Breweries (A46.SG) has no impact on Thai Beverage's purchase this week of 22% of Fraser & Neave.
Deutsche Bank Plans Revamp - Report
Deutsche Bank AG (DB) will curtail its slumping asset management business and reduce employment in investment banking by 1,000 positions, mainly in New York and London, German daily Financial Times Deutschland reported Friday without citing specific sources.
Woori Finance: To Refrain from Large-Scale Investments
Woori Finance Holdings (053000.se) Friday flagged a worsening earnings outlook, saying it will cut costs by shelving any large-scale investments and secure liquidity in advance as the global economy continues to falter.
CIMB Bank Prices $350 Million 5-Year Dollar Bond At 99.393 To Yield Treasurys +190BPs - Term Sheet
CIMB Bank has priced a $350 million five-year dollar bond at 99.393 to yield 190 basis points over comparable Treasurys, according to a term sheet seen by Dow Jones Newswires Friday.
Japan Allows Tepco To Raise Power Tariffs By 8.47%
The Japanese government on Friday endorsed a plan for Tokyo Electric Power Co. to raise electricity tariffs by an average 8.47%, instead of the 10.28% hike proposed by the utility, to limit the burden on consumers, Kyodo News reported.
Appeals Court Won't Lift Injunction on Galaxy Tab Sales
A federal appeals court Thursday refused to lift a preliminary injunction that banned sales of Samsung Electronics Co.'s (SSNHY, 005930.SE) Galaxy Tab 10.1 touchscreen tablet computer at the request of Apple Inc. (AAPL).
SEC Charges STEC CEO with Insider Trading
The Securities and Exchange Commission has charged the chairman and chief executive of STEC Inc. (STEC), a Santa Ana, Calif.-based computer-storage company, with insider trading in a secondary offering of his company's shares.
Heineken Seeks Asia Pacific Breweries Stake
Heineken NV (HEIA.AE) Friday made an offer to buy Singapore beverage maker Fraser And Neave Ltd.'s (F99.SG) entire stake in Asia Pacific Breweries for 5.1 billion Singapore dollars (US$4.06 billion), in a move that could trigger a takeover battle between the Dutch beer maker and suitors linked with
Australian Shares Tick Lower After Gains
Australian shares edged lower on Friday, retreating after recording their best one-day performance since early January in the previous session.
Japan Stocks Fall, With Banks, Steel Names Down
Japanese stocks ticked lower in early Friday trading after ending higher the previous session, as banks and steel makers helped lead the retreat.