Didi Kuaidi Joint Raises $2 Billion From Group of Investors
Chinese ride-hailing startup Didi Kuaidi Joint Co. said
Wednesday it raised $2 billion from a group of investors, making it
the largest fundraising ever for a Chinese mobile Internet company.
(published 0230 GMT)
GF Securities: Jan-June Net Profit CNY7.20 Bln, Revenue CNY16.75 Bln
Chinese brokerage GF Securities Co. Ltd. rode the stock market
boom in the first half of 2015, reporting net profit rose by over
400% compared with a year ago. (published 0236 GMT)
J.P. Morgan to Settle Credit-Card Probes for $125 Million--Sources
J.P. Morgan Chase & Co. intends to pay at least $125 million
to settle probes by U.S. state and federal authorities over the New
York bank's collection and sale of credit-card debt, people
familiar with the matter said. (published 0210 GMT)
China Insurance Regulator Eases Rules for Blue-Chip Stock Investment
China's insurance regulator is allowing the nation's insurers to
increase investments in blue-chip stocks, joining in the
government's efforts to shore up plunging domestic equity markets.
(published 0219 GMT)
Trans-Asia Oil Buys 3 Power Barges from Philippine Govt
Trans-Asia Oil and Energy Development Corp. has formally
acquired three power barges from the Philippine government for 420
million pesos . Trans-Asia Oil said the power barges that have a
combined capacity of 32 megawatts will add to its power generation
portfolio that includes several diesel power plants, a 52-megawatt
wind farm, a 40-megawatt geothermal power plant and 135-megawatt
coal-fired power plant. Trans-Asia Oil used internal funds to
purchase the power barges. (published 0229 GMT)
Vantage Equities Sells 67% of Yehey! for PHP290 Mln
Yehey! Corp. said Wednesday its parent Vantage Equities has
decided to sell its 67% stake in the Philippine-listed Internet
company for 290 million pesos . (published 0155 GMT)
Neo-Neon Holdings Expects 'Significant Improvement' in Net Loss for Jan-June Vs. April-Sept
Neo-Neon Holdings Ltd. expects a "significant improvement" in
its results for the six months ended June compared with the six
months ended September due to higher gross profit margins and lower
operating expenses. (published 0135 GMT)
Fosun International: To Buy at Least 80% Stake in German Private Bank H&A
Chinese conglomerate Fosun International Ltd. said Wednesday it
has agreed to buy at least an 80% stake in H&A, a private bank
in Germany, for up to EUR210 million, as part of its globalization
strategy. (published 0038 GMT)
Nib Holdings to Buy Travel-Insurance Provider World Nomads
Nib Holdings Ltd. has agreed to buy one of Australia's biggest
travel-insurance providers in a 95 million Australian dollar deal,
helping it diversify operations outside the highly regulated
Australian health-insurance market. (published 0027 GMT)
CVS Health Leaves U.S. Chamber of Commerce Over Smoking Stance
CVS Health Corp. is quitting the U.S. Chamber of Commerce,
citing conflicting stances with the powerful lobbying group
regarding smoking. (published 0034 GMT)