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July 17, 2015

Gina Rinehart says some of her children do not appreciate her efforts that saved her father's company and built the value of a $5 billion family trust at the centre of their bitter dispute.

Gina Rinehart says some of her children do not appreciate her efforts that saved her father's company and built the value of a $5 billion family trust at the centre of their bitter dispute.

July 16, 2015

Indonesia’s Lippo Group partners on world’s biggest data centre; Holcim and Lafarge launch combined company; and Nintendo’s first non-family CEO dies

Indonesia’s Lippo Group partners on world’s biggest data centre

Indonesian real estate company Lippo Group, owned by the Riady family, has partnered with Japan’s Mitsui & Co to build what could be the world’s largest data centre, according to the Jakarta Globe.

Located in Indonesia's Cikarang district, the data centre will consist of three buildings with a total floor space of 40,000 square meters and will capitalise on the growing demand for data centres in Indonesia.

July 10, 2015

China’s Country Garden Holdings to spin off property division; Vincent Bolloré causes uproar with leaked memos; and Heineken returns to Myanmar after twenty-year absence

China’s Country Garden Holdings to spin off property division

Chinese real estate conglomerate Country Garden Holdings, owned by the country’s second richest woman Yang Huiyan, is planning to spin off its property management business in order to raise capital.

The Foshan-based company is shoring up its balance sheets after a pickup in property sales and will sell 6 billion yuan ($966 million) of onshore three-year bonds as part of the capital raise, chief financial officer Wu Jianbin told Bloomberg.

July 3, 2015

Suzuki CEO names eldest son as successor, ISS adds voice to contentious Samsung merger, and family-backed equity firm invests in African beef, and 

Suzuki CEO names eldest son as successor

Osamu Suzuki, the 85-year-old CEO of Japanese auto maker Suzuki, named his eldest son as the new president this week, easing investor concern over the firm’s succession plan.

Executive vice president Toshihiro Suzuki took over the role of president and chief operating officer on Tuesday. His outspoken father will remain CEO and chairman for the foreseeable future, according to Tuesday’s statement.

June 23, 2015

The vast majority of high net worth investors consider social impact an important factor when choosing investments, but many are unsure who to turn to for advice on opportunities and execution, new research has revealed.

The vast majority of high net worth investors consider social impact an important factor when choosing investments, but many are unsure who to turn to for advice on opportunities and execution, new research has revealed.

RBC and Capgemini’s World Wealth Report, which surveyed more than 5,000 individuals, also found that strong economic and equity market performance has created 920,000 new millionaires worldwide in 2014.

May 22, 2015

Korean Air third-gen Heather Cho freed; JCB boss backs Brexit; and Sika founding family sues directors

Korean Air third-gen Heather Cho freed

Former Korean Airlines executive Heather Cho has been released from jail after an appeals court ruled she did not violate aviation safety laws when she forced a plane to return to its gate because she felt her macadamia nuts were incorrectly served.

May 15, 2015

DMCI secures Philippine Skyway Stage 3 contact; JCB donates diggers to Nepal relief effort; and Todd Corporation digs deep to acquire Pilbara mine

DMCI secures Philippine Skyway Stage 3 contact

Philippine infrastructure conglomerate DCMI, owned by the Consunji family, has agreed to build part of the Metro Manila Skyway after being awarded a 32-month contract.

In a disclosure to the Philippine Stock Exchange, DMCI Holdings announced it would build sections one and two of the extension part of the project, which will provide the finishing touches on the Philippines' first fully elevated highway.

May 8, 2015

Holcim and Lafarge sell assets to win US backing; Esther Koplowitz secures stake in FCC; and Toyota posts record profit

Holcim and Lafarge sell assets to win US backing

Swiss family-owned cement maker Holcim and French counterpart Lafarage have agreed to sell several plants and terminals in the US and Canada, setting the stage for their impending merger.

The sale of assets in the US and Canada will help the two firms win regulatory approval for the $46 billion merger, which will create the largest cement manufacturer in the world.

April 30, 2015

Blue Bell Creameries recall all products due to listeria; Dassault Aviation secures $7.1 billion deal; and Holcim profit up after stake sale

Blue Bell Creameries recall all products due to listeria

Texas-based ice cream maker Blue Bell Creameries, operated by the Kruse family, recalled all of its products this week after a potentially fatal foodborne illness was discovered in its products. 

The move is the most recent in a string of recall announcements by the 108-year-old company, which has been linked to an outbreak of listeria. Experts believe their ice cream may have caused three deaths since 2010.

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