PPM Blog

–China Financial Futures Exchange expands collaboration efforts –CFFEX signs memorandum of understanding with NYSE, CBOE, CME, Eurex –Contract volume on market nearly doubled in first quarter (Updates to include additional agreements with CME Group and Deutsche Boerse’s Eurex, as well [...]

SEOUL -(MarketWatch)- Samsung Life Insurance Co. Ltd. (032830.SE) has signed a legally non-binding memorandum of understanding with the Investment Corporation of Dubai, in a step toward finding opportunities to expand its business in the Middle East, a spokesman for the [...]

NEW YORK -(MarketWatch)- Jefferies Group Inc. JEF has hired Internet company analysts Brian Fitzgerald and Brian Pitz from UBS AG (UBS, UBSN.VX), according to people familiar with the situation. Fitzgerald will join the investment bank in late-May, while Pitz will [...]

NEW YORK (MarketWatch) — UBS AG’s (UBS, UBSN.VX) head of investment banking for the Americas, Aryeh Bourkoff, has resigned from his position at the company, effectively immediately, according to an internal memorandum sent to employees. Read More

LONDON (MarketWatch) — Private equity firm Permira has launched the anticipated sale process of its frozen foods company Iglo Foods and information memorandums were sent out at the end of last week, people familiar with the situation told Dow Jones [...]

SYDNEY -(MarketWatch)- Thailand’s PTT PCL (PTT.TH) is considering a bid for Peabody Energy Corp.’s (BTU) Wilkie Creek coal mine in Australia, estimated to be worth between A$500 million and A$750 million, two people familiar with the matter said Friday. Read [...]

LONDON (MarketWatch) — HSBC Holdings PLC (HBC) said Tuesday that it is in discussions to sell its business in Pakistan, the latest effort by the group to slim its global presence as part of a long-running strategic rethink. Read More

TOKYO (MarketWatch) — The Tokyo Stock Exchange and Daiwa Securities Group Inc. (8601.TO) have reached an agreement with the Central Bank of Myanmar to help the country establish a stock market by 2015, people familiar with the matter said Wednesday. [...]

Citgroup Inc. C said it hired Rohan Weerasinghe as general counsel to succeed Michael Helfer. Helfer, who was general counsel for nine years during which Citi went through major changes including receiving $45 billion in government assistance, will become a [...]

HANOI -(MarketWatch)- Vietnam Oil and Gas Group, or PetroVietnam, said Wednesday that it has signed with SK Holdings a memorandum of understanding under which the South Korean firm may join PetroVietnam’s energy projects. Read More