Qatar Acquires Raffles Hotels in Singapore, Paris A Qatar-owned company said it has taken over the famous Raffles Hotel Singapore and an affiliated luxury hotel in Paris in the latest high-profile acquisitions by the energy-rich Gulf state, reported AP on Saturday. The Qatar National Hotels Co said that it recently took ownership of the 125-year-old ...
News RoundupNOL Resumes Talks to Acquire German Rival Hapag-Lloyd Container shipping group Neptune Orient Lines (NOL) has resumed talks about buying German rival Hapag-Lloyd, German paper Die Welt reported on Saturday without identifying its sources, according to Reuters. NOL had broken off acquisition talks in 2008 after failing to agree on a price for Hapag-Lloyd, which ...
News RoundupMF Global Singapore Liquidator is Making Progress on Funds Bloomberg on Thursday reported that KPMG, the provisional liquidator of MF Global Singapore Pte, has taken control of more than US$180 million (S$235 million) of customer funds and is confident of making “significant progress” in getting the remainder of the total US$309 million maintained in financial ...
News RoundupMAS Expects 2012 Inflation at 2.5-3.5 Per cent Singapore’s central bank on Friday said that it expects headline inflation to fall between 2.5 to 3.5 per cent in 2012 as the economy slows. “Inflation pressures will ease into 2012 as economic conditions weaken,” the Monetary Authority of Singapore (MAS) said in its annual financial stability ...
News RoundupNoble Group in Talks to Hire ex-Goldman Banker Commodities firm Noble Group is in discussions to hire former Goldman Sachs banker Yusuf Alireza as its next chief executive, following the abrupt departure of the previous CEO, Ricardo Leiman, on Wednesday, the Financial Times reported on Saturday, citing an unnamed source. The news of Leiman’s resignation, ...
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