Thai Tycoon Charoen Makes Takeover Offer for Fraser & Neave
Companies linked to Thailand tycoon Charoen Sirivadhanabhakdi made a takeover offer Thursday to buy all of Fraser & Neave Ltd. (F99.SG), valuing the Singapore-based conglomerate at 12.53 billion Singapore dollars ($10.2 billion), a move that could upset Heineken NV's (HEIA.AE) plans to gain control
Asian Shares Fall Before Fed Meeting
Markets edged lower in cautious trading Thursday ahead of the U.S. Federal Reserve's policy meeting, while regional Apple suppliers reacted to the unveiling of the iPhone 5.
Hong Kong Stocks Edge Down In Choppy Early Trade
Hong Kong stocks opened with a slightly weak bias early Thursday on caution ahead of the Federal Reserve policy decision and after a five-day winning streak, with heavyweight HSBC Holdings PLC and some resource firms supporting the market while local property shares declined.
CME Group to Launch Deliverable Offshore Yuan Futures in Coming Months
Chicago-based derivatives exchange operator CME Group Inc. (CME) said Thursday it plans to launch deliverable offshore yuan futures in the coming months, adding to its products in the Chinese currency as the company strengthens its foothold in the burgeoning yuan-denominated market.
UBS Considers Putting Cap on Banker Bonuses: Sources - FT
is considering putting a cap on executives' bonuses either in relation to fixed salary or the bank's net profit, increasing the time for deferred pay to five years and aligning its absolute remuneration level with the average of a peer group, the Financial Times reported Wednesday on its website,