Minutes after tycoon Ratan Tata abandoned a two-year quest to build the world’s cheapest car in West Bengal over farmer protests, he got a text message from the frontrunner to be India’s next leader: “Welcome to Gujarat.”
Oversea-Chinese Banking Corp.’s $5 billion offer for Hong Kong’s Wing Hang Bank Ltd. seems “fair on both sides,” according to Aberdeen Asset Management Plc, which owns at least 7 percent of both companies.
Hungarian Prime Minister Viktor Orban, who polls show is on the verge of winning re-election, undercut the bond market rally in his first term by surprising traders with moves including the seizure of pension assets.
Aberdeen Asset Management Plc, Europe’s largest publicly traded money manager, surged in London trading after announcing 1.2 billion pounds ($2 billion) in new funds for March and more plans to cut costs.
Aberdeen Asset Management Plc, which oversees more than 15 billion pounds ($25 billion) of real estate, plans to acquire property-asset managers in the U.S. and Asia to expand beyond its European base.
Brazil’s top finance official is being roped into a growing scandal over Petroleo Brasileiro SA’s $1.19 billion purchase of a Texan plant, the latest in a string of troubles plaguing the company’s money-losing refining unit.