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Sony hopes SOS offering will be a saviour
The Sony Online Service is the electronic company’s attempt to make Sony televisions and devices stand apart from the competition by delivering movies, games and music to them
Block on Minsheng deal costs US $1.7bn
US authorities blocked Minsheng, the Chinese bank, from acquiring a Californian lender in a deal that could have saved almost $300m of taxpayers’ money and $1.4bn from an industry insurance fund, say people familiar with the matter.
Lex: Rare earth elements
China has cornered the market in commodities that are arguably as important as oil to a modern economy
Lex: Japan, deflating
Buying stocks has proved an effective strategy everywhere except in the only developed market in negative territory in the year to date
Sony to create ‘evolving TVs’
The electronics group says it will create ‘evolving TVs’ and other devices that can download and run third-party applications as part of its strategy to stand out from competitors
S&P quits Australia’s retail investment
Standard & Poor’s is to quit Australia’s retail market following a decision last week by the nation’s regulator to strengthen oversight of credit rating agencies
UK and Australian Birds Eyes unscathed
Blackstone may be scooping up Birds Eye Foods in the US but there are separate businesses in the UK and Australia holding the same name that will remain unscathed
CIC buys 20% stake in solar operator
China Investment Corp said it has bought a 20 per cent stake in GCL-Poly Energy, a Hong Kong-listed solar power plant operator, for HK$5.5bn (US$705m) as the sovereign wealth fund takes a bet on new energy
Mitsubishi Chemical bids $2.4bn for former division
Japan’s biggest chemicals manufacturer offers $2.4bn to acquire acrylic resin maker Mitsubishi Rayon, a former division spun off from the parent company in 1950
Minsheng raises $3.9bn from Hong Kong IPO
China Minsheng Banking Corp will raise at least $3.9bn with its Hong Kong initial public offering – but without the support of a high-profile Chinese private equity fund
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