Deals wrap: VW/Suzuki alliance shows strain

July 18, 2011

Volkswagen sought to allay Suzuki Motor’s concerns it might overstep its bounds in a multi-billion-dollar alliance and try to bring the Japanese carmaker under its control.

State-owned People’s Insurance Company of China Group, one of the country’s largest insurers, plans to raise $5 billion to $6 billion in an initial public offering in Hong Kong and Shanghai, IFR reported, citing two sources with knowledge of the plans.

“Quite a few people in biotech are still lapping up all sorts of short-sighted, destructive advice from the financial powers that be,” reports Xconomy.

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