New cancer and cleft centers to be built under PPP model in Assam
Assam Chief Minister Tarun Gogoi, in a press conference, discussed the construction of a cancer and surgical cleft center in his state with the help of private entities.
Sovereign wealth funds
Saudi Arabia Tops Sovereign Wealth Spending League, Snatches the Spot From Singapore
Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.
IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia
The International Monetary Fund (IMF) and World Bank have approved $4.5 billion in debt forgiveness for Somalia...
Sebi upgrading surveillance for CommExes
India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading f..
BC Clean-tech alliance seeks $500-mln fund from Trudeau
B.C. clean-tech companies have requested Prime Minister Justin Trudeau to allocate a $500 million venture capital (VC) fund. An alliance comprising 51 clean-tech and investment firms from B.C. provinc..
Latest News
Post shutdown, US businesses boost economy
Employment, salaries, automotive and other industries grow after the sixteen day US government furlough.
Deals of the day - Mergers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday.
UBS AG to pay back Swiss National Bank for bailout fund value
The Stability Fund was created as part of the bailout package of UBS AG and now, it was time for the bank to pay back the fund under a given formula.
S&P downgrade lowers France's credit rating
Standard & Poor's downgraded France's credit rating from AA+ to AA, citing President Francois Hollande's ineffective growth policies.
Queensland eyes USD4 billion toll road sale
Queensland Investment Corporation announced the sale of its toll road business Queensland Motorways for USD4 billion.
Estonia builds startup fund for another Skype
Estonia revealed its plan to raise a new fund of EUR60 million for the development of a second Skype.
UBS purchases its bailout fund back from SNB
The Swiss National Bank sold the bailout fund of UBS for USD3.762 billion.
Top deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Thursday.
RDA Microelectronics Inc receives buyout bid from Tsinghua Unigroup Ltd
State-owned Tsinghua Unigroup Ltd offered to buy RDA Microelectronics Inc for USD 18 per share.
