AXIS CAPITAL AND PARTNERRE TO MERGE
Axis Capital Holdings Ltd. and PartnerRe Ltd. said Sunday they
have agreed to merge and form one of the world's biggest
reinsurance and specialist insurance companies, a firm with a
combined market value of $11 billion. (published 0413 GMT)
BLACKSTONE TO SELL SYDNEY PROPERTY TO DALIAN WANDA FOR $327 MILLION
Private-equity firm Blackstone Group L.P. has agreed to sell
Gold Fields House, a property in Sydney's business district, to
China's Dalian Wanda Group Co. for about 415 million Australian
dollars . (published 0341 GMT)
DALIAN WANDA HOTEL UNIT BUYS 2 SYDNEY BUILDINGS FOR A$487.7 MLN
Chinese property firm Wanda Hotel Development Co. is buying two
commercial buildings in Sydney for 487.7 million Australian dollars
and plans to redevelop them into a mixed-use high-end hotel,
residential and retail complex. (published 0155 GMT)
EVERSENDAI GETS MYR184 MLN ENGINEERING CONTRACT IN INDIA
Eversendai Corp. said Monday it has received a 184 million
ringgit engineering contract from Reliance Industries Ltd. of India
. (published 0540 GMT)
WISON ENGINEERING SERVICES EXPECTS TO SWING TO PROFIT FOR 2014
Hong Kong-listed Wison Engineering Services Co. said late Friday
it expects to swing to profit for 2014, partly helped by a
"significant increase" in sales income from major on-going
projects. (published 0215 GMT)
SIEMENS CHIEF TO FACE HEAT OVER PRICE FOR DRESSER DEAL
At Siemens AG's annual general meeting in Munich on Tuesday,
shareholders likely will grill Chief Executive Joe Kaeser over the
price he agreed in September to pay for U.S. oil equipment maker
Dresser-Rand Group Inc. (published 0155 GMT)
SINGAPORE EXCHANGE: IN PACT WITH CLEARBRIDGE ACCELERATOR TO HELP FIRMS RAISE FUNDS
Singapore Exchange Ltd. Monday said it has signed a deal with
Clearbridge Accelerator Pte. Ltd. to develop a capital-raising
platform for entrepreneurs and small and medium-sized firms in
Asia. (published 0109 GMT)
CAPITALAND UNIT THE ASCOTT WINS CONTRACTS TO MANAGE PROPERTIES IN BEIJING, HONG KONG
CapitaLand Ltd. said Monday its serviced-residence unit, The
Ascott Ltd., has secured contracts to manage three properties with
over 300 apartment units in Beijing and Hong Kong. (published 0115
GMT)
GOOGLE, CABLEVISION CHALLENGE WIRELESS BUSINESS MODEL
Google Inc. and Cablevision Systems Corp. are preparing new
cellphone services that would turn the wireless industry's business
model on its head, increasing pressure on companies already dealing
with an intensifying price war. (published 0501 GMT)
SONY SELLS SPECIAL-EDITION PLAYSTATION 4 CONSOLE FOR $129,000
You can buy a normal PlayStation 4 videogame machine for about
Yen40,000 in Japan, but someone is ready to pay Yen15.135 million,
or about $129,000, for one. (published 0443 GMT)
MALAYSIA AIRLINES SAYS WEB SERVERS ARE INTACT
Malaysia Airlines said Monday that its web servers are "intact"
with customer bookings and data secure after the company's main
website was defaced by a group claiming to be aligned with the
Islamic State. (published 0452 GMT)
AIRASIA GROUP AIRLINES ABOLISH FUEL SURCHARGE
AirAsia Bhd. Monday said all carriers in its budget airline
group will stop charging customers separately for fuel, following a
decline in global crude oil prices. (published 0343 GMT)
TIGER AIRWAYS SWINGS TO S$2.2 MILLION NET PROFIT IN OCTOBER-DECEMBER QUARTER
Singapore-listed budget airline Tiger Airways Holdings said
Monday it swung to a net profit in the October-to-December quarter,
mainly due to the absence of losses relating to operations of
overseas affiliates. (published 0049 GMT)