Buying Stake

Petrovietnam to acquire stake in Egypt oilfield

PVEP, the production arm of state oil Petrovietnam, said on Monday it planned to acquire a majority stake in an oil block in Egypt Hanoi-based, unlisted PVEP said it would become the operator of Egypt's South Siwa block after...

Deutsche Bank's Anshu Jain Picks Up Stake In IPL Team Mumbai Indians

Top Deustsche Bank executive Anshu Jain has bought a 15% stake in Mukesh Ambani's Indian Premier League franchise Mumbai Indians. Jain, the head of global markets at Deutsche Bank, has picked up the stake in his personal...

The racing is over for the season but F1's offtrack action is hotting up

The dust has now settled on the titanic tussle earlier this month which crowned Britain’s Lewis Hamilton Formula One’s youngest-ever world champion by one point over Ferrari-driving rival, Felipe Massa. The alternative is...

Japan unlikely to swap West Asia supply for India’s Sakhalin gas

New Delhi: India’s efforts to make Japan agree to swap gas that it sources from West Asia with supplies obtained by India off the Russian coastline is unlikely to succeed. Tokyo is averse to any deal involving its neighbour...

Great Offshore promoter risks losing control of company

Mumbai: Vijay Kantilal Sheth, the vice-chairman and managing director of Great Offshore Ltd, is in danger of losing control over a firm that was hived off from India’s biggest private ocean carrier some two years ago after a...

GE chief signals appetite for media assets

By Justin Baer, Kenneth Li, Francesco Guerrera and Andrew Edgecliffe-Johnson in New York Jeffrey Immelt has declared his interest in buying media assets in a sign that a slumping economy has not shaken General Electric’s...

Diageo may buy 15% in USL

Vijay Mallya’s flagship, United Spirits Ltd (USL), has entered into exclusive talks with the world’s largest drinks company, Diageo, for a partnership, including a minority stake sale. When contacted, Mr Mallya said USL had...

HANK'S HANKERING

More than three years after being driven from his 40-year perch atop AIG and two months after the government seized control of the insurance giant, longtime former Chief Executive Hank Greenberg is maneuvering to win back...

Market mess puts CEOs, famous investors in pinch

Here's something that might provide a bit of solace amid the plunging values in your retirement accounts: Warren Buffett is losing lots of money, too. So are Kirk Kerkorian, Carl Icahn and Sumner Redstone.

BofA Seeks to Boost Stake in China Construction Banking Giant (at Seeking Alpha)

by: William Patalon III November 16, 2008 | about stocks: BAC ., paying about 36 cents a share (2.46 yuan), or 1.2 times the Beijing-based lender’s book value, China’s Caijing magazine reported Friday, citing unidentified...