UPDATE 2-MOVES-Blackstone hires Liping Zhang as Greater China chairman -sources *Zhang most recently worked with Credit Suisse. *Neil Harvey to serve as Credit Suisse's Greater China CEO. Zhang, who mostly recently served as the co-chief executive officer for Greater China at Credit Suisse, will help Blackstone to expand its presence in the region, the statement added.
| By: Nishant Kumar and Fiona Lau
Arthur-Sera Limited Simplifies Choice Between Reward and Risk TOKYO, July 3, 2015/ PRNewswire/-- Arthur-Sera Limited's portfolio managers are experts in helping clients understand their investing options. Therefore, no existing or prospective client should assume that future performance of any specific investment or investment strategy made reference to directly or indirectly by Arthur-Sera Limited in its news...
Source: PR Newswire
Blackstone Names Liping Zhang as its Chairman for Greater China NEW YORK---- Blackstone today announced that it has named Liping Zhang as a Senior Managing Director and its Chairman for Greater China. He joins from Credit Suisse where he most recently served as Co-Chief Executive Officer of Greater China and Vice Chairman of Global Investment Banking. "Liping Zhang is one of the preeminent figures in finance in China, and his...
Source: Business Wire
Greek chaos brings valuations headache for fund firms LONDON, July 3- Fund firms with even token exposure to Greece hope Athens will soon reopen its stock exchange so they can wave goodbye to the' guess-work' of valuing their funds. The closure of the Athens Stock Exchange since Monday has made it impossible for managers to ascertain exactly how far the value of shares in bluechip Greek companies such as Alpha Bank and...
| By: Sinead Cruise and Nishant Kumar
Time for Growth Invests in Zound Industries STOCKHOLM---- Paris based Time for Growth has agreed to invest Euro10 million in the fashionable electronics company Zound Industries. Stockholm based Zound Industries saw their most successful year so far in 2014 and the partnership will lay the ground for further expansion. Investor Time for Growth targets fast growing European companies with the ability to...
Source: Business Wire
Summer of trouble and strife for markets This summer is likely to be anything but dull for markets, with Greece in crisis, China stocks tanking and the timing of a U.S. rate rise in doubt.
| By: Dhara Ranasinghe
UPDATE 1-China's CIC sovereign fund says ready to work with AIIB *Net profit grew 2.5 pct last year to $89.1 bln. BEIJING, July 3- China's sovereign wealth fund China Investment Corp is ready to work with the new Chinese-led Asian Infrastructure Investment Bank to invest in projects in the region, a senior official said on Friday. The AIIB, which is expected to rival institutions such as the World Bank and the Asian Development...
Euro zone shares set for biggest weekly fall this year with Greece in focus *Euro STOXX 50 steady but set for biggest weekly drop since Dec. LONDON, July 3- A top euro zone share index was set for its biggest weekly fall this year on Friday, with focus on a crucial vote in Greece over its debt negotiations at the weekend. "The renewed focus on Greece and the uncertainty about the implications of an exit have once again become a dominant driver in...
| By: Alistair Smout and Liisa Tuhkanen
The Latest: Greek PM urges voters to ignore scaremongers Alexis Tsipras told throngs of demonstrators at the main "no" rally in Athens' central Syntagma Square Friday that the referendum is not a choice about whether or not to stay in Europe, but a decision about living "in Europe with dignity." Tsipras said Greece won't abandon Europe "in the hands of those who want to drag her away from her democratic traditions.
Source: The Associated Press