Industry News

Nam Tai Property Inc. today is pleased to announce that on August 18, 2016, the Company signed a non-binding strategic cooperation agreement with China Construction Bank Corporation, Shenzhen Branch. China Construction Bank Corporation is a PRC state-owned commercial bank and is the second top bank in the world by assets as of April 2016, according to Bankers Almanac, a reference source for financial counterparty assessment."/>
Nam Tai Property Inc. Announces Strategic Cooperation Agreement with China Construction Bank Corporation, Shenzhen Branch
SCB mortgage denial drops [Bangkok Post, Thailand]
Tracking a transit renaissance [Bangkok Post, Thailand]
WesBanco Inc approved a quarterly cash dividend of USD0.24 per share on the company's common stock, it revealed on Friday. This dividend reflects an annual rate of USD0.96 per share and will be paid on 1 October 2016 to shareholders of record on 14 September 2016.. WesBanco is a bank holding and diversified financial services company with total assets of about USD8.4bn as of 30 June 2016.."/>
WesBanco announces dividend of USD0.24 per share for quarter
Shree Renuka Sugars Ltd, one of the largest sugar producers in the world. In a filing to BSE, Shree Renuka Sugars said that under the Judicial Protection Law of Brazil, the assembly of creditors of Renuka do Brasil S/A has approved the reorganization plan presented by the unit on 26 August. Shares of Shree Renuka Sugars climbed in reaction to the development."/>
Creditors approve debt reorganization plan of Shree Renuka's Brazil unit [Mint, New Delhi]
Tata Motors Ltd on Monday rose as much as 4.6% after most of the brokerage firms have increased its target price as investors expects that the strong growth in Jaguar Land Rover sales will continue going forward and some of its new models have well received in the markets. In intraday, Tata Motors touched a high of Rs.526.90 a share--a level last seen on 11 May 2015 and gained as much as 4.6%. The stock gained 34.4% so far this year."/>
Tata Motors shares rise 4.6% on JLR sales, new models [Mint, New Delhi]
Mint, New Delhi, Tamal Bandyopadhyay column [Mint, New Delhi]
State Bank of India to reply to UB Group chairman Vijay Mallya's plea seeking recall of an order asking him to disclose his assets. On 7 April, the court directed Mallya to disclose all assets held by him and his family. The consortium of banks, led by the State Bank of India, however, claim that the former liquor baron had failed to furnish complete details of his assets and the apex court, on 25 July, issued a..."/>
SC tells banks to reply to Vijay Mallya's plea [Mint, New Delhi]
Banc of California, a banking brand started in 2013 after the merger of several small institutions, is linking up with the Los Angeles Football Club."/>
Marketing: Seven reasons companies put their names on stadiums [The Orange County Register]
MetLife, Inc. a leading global provider of insurance, annuities and employee benefit programs, announced that it has been recognized with awards in two categories in The 13th Annual International Business Awards. The Award for Best New Product or Service of the Year went to MetLife Asia’ s first lifestyle and health plan for women, named BEAUTIFUL."/>
MetLife Wins Two Stevie® Awards in 2016 International Business AwardsSM
GOL Offshore Ltd, two people familiar with the development said. GOL Offshore is one of the largest offshore oilfield service providers in India, offering drilling and offshore support services to oil and gas firms for exploration and production activities. The firm, earlier known as Great Offshore Ltd, plans to sell some of its assets to meet repayment obligations."/>
Srei unit Quippo in talks to buy assets of GOL Offshore [Mint, New Delhi]
State Bank of India is pushing creditors of Jyoti Structures Ltd to accept a takeover proposal from Dubai-based Amin Group, despite knowing about a past working relationship between promoters of the two companies, two people with knowledge of the development said. Jyoti Structures is an engineering, procurement and construction firm in the power sector, while Amin Group has interests in drug manufacturing, cane farming, livestock feed, oil and gas, recycling and..."/>
SBI pushing for Jyoti Structures takeover by Dubai's Amin Group [Mint, New Delhi]
Mint, New Delhi, Tamal Bandyopadhyay column [Mint, New Delhi]
Yes Bank Ltd to offer its app, which will first be launched on Google Inc.' s Android platform early this week, the two people..."/>
Flipkart's PhonePe to launch UPI-based app this week [Mint, New Delhi]
MediaTek Inc., Temasek Holdings Pte and Goldman Sachs Group Inc., according to three people close to the development. Taiwan's Foxconn and Singapore's sovereign fund GIC Pte are also likely to participate in the latest round, besides existing investors Alibaba Group and SAIF Partners, the people..."/>
Paytm parent in talks to raise around $350 million [Mint, New Delhi]
Government bonds get easier to buy [Mint, New Delhi]
Simon Property Group, said the company's new Norfolk Premium Outlets will feature a more modern layout than its discount predecessor in Williamsburg. "The way we do this now is you have a series of buildings, and you literally want the consumer to shop it just like a racetrack," Richardson said at a Hampton Roads Association of Commercial Real Estate event."/>
BRIEF: "Creating an experience": Norfolk outlet mall will have modern layout, with music and outdoor seating [The Virginian-Pilot]

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