Fossil Group-backed wearable-tech co Misfit launches jewellery with fitness tracker


Misfit Wearables, a US-based sensor technology-based product manufacturer which has entered an agreement to be acquired by watchmaker Fossil Group for $260 million, announced a partnership with jewelry company BaubleBar that will combine fashion jewellery with the wearable fitness tracker. The Helena Necklace and Helena Bracelet will be soon released as… Read more »

Credit Suisse JV becomes first Sino-foreign firm to win China brokerage approval

Credit Suisse Group AG said on Thursday that it’s investment banking joint venture in China has won approval to provide securities brokerage services, in a further sign of China’s gradual warming to foreign players in its securities industry. The joint venture, Credit Suisse Founder Securities Ltd, is the first Sino-foreign… Read more »

China’s interest in foreign chipmakers leading to more competitive M&As

China’s unabashed interest in foreign chipmakers in an already record year of deals has been quickly read by rivals as a sign that mergers and acquisitions (M&As) will get more competitive and target companies will get more expensive. Chipmakers have announced over $80 billion worth of M&As in 2015. Chipmakers are… Read more »

Billionaire investor Leonard Blavatnik discloses 11.4% stake in Square Inc

Billionaire investor Leonard Blavatnik disclosed a 11.4 percent passive stake in mobile payments company Square Inc, which went public earlier this month. The stake in Jack Dorsey-led Square was reported as of Nov. 24 Blavatnik, a Ukranian-born American citizen, has amassed a portfolio of assets ranging from tech and media… Read more »

Hastings Funds-led consortium beats China’s State Grid to Australian power network

A group of Australian, Canadian and Middle Eastern firms will pay A$10.3 billion ($7.5 billion) for an Australian electricity network as part of the country’s biggest privatisation programme, beating a Chinese government bidder. The group, led by Australia‘s Hastings Funds Management, paid significantly above the A$8 billion expected by analysts… Read more »

Singapore gov investment arm among first to enter Chinese interbank FX market

The first batch of foreign central banks, sovereign wealth funds and international financial institutions have been registered to enter China‘s interbank foreign exchange market, the country’s central bank said on Wednesday. This registration comes ahead of a highly-anticipated announcement by the International Monetary Fund on Monday that China‘s yuan may… Read more »

China’s securities association finds $166b error in CITIC accounts

China’s securities association said on Wednesday CITIC Securities had inaccurately inflated its derivative business by 1.06 trillion yuan ($165.92 billion) in a report submitted in September. The news comes after probes into China’s largest brokerage led four of its senior executives to confess to insider trading. In its monthly report to… Read more »

2015 blockbusters Pfizer-Allergan, AB-InBev rank among top 10 M&A deals of all time

American pharmaceutical corporation Pfizer on Monday announced the second biggest global merger and acquisition (M&A) deal on record when it acquired Ireland-based Allergan Plc in a deal worth $160 billion, outdoing the $117 billion Belgian beverage giant Anheuser-Busch InBev (AB InBev) paid last month to acquire its nearest rival, SAB… Read more »

Swatch partners with Visa on payment watch

Swatch Group Chief Executive Nick Hayek has signed a contract with credit card company Visa connection with the Swiss firm’s new watch that enables wearers to make payments, a newspaper reported on Tuesday. Swatch has already introduced the watch in China and aims to introduce a similar device in… Read more »

Tech raids Wall Street: Goldman loses three senior bankers to ride-sharing co Uber

Three mid-level bankers in Goldman Sachs Group Inc‘s technology investment banking group in San Francisco have left to take positions at ride-service company Uber Technologies Inc in recent months, people familiar with the matter told Reuters. The bankers are the latest to leave Wall Street banks for Silicon Valley startups,… Read more »