Top deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Wednesday
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
Lower Indian wireless spectrum pricing - government panel
A panel from the telecom ministry recommended cutting down the price for wireless spectrum in India.
Top deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Tuesday.
Norway's opposition Labor Party seeks to prevent investment areas for its coal fund
The Norwegian oil fund sought prevented from investing in specific markets.
Federal Reserve scales down asset purchases
In response to developments in US economy, Fed officials scaled back asset purchases.
Royal decree for bailout funds set to be vetoed by Bahraini parliament
The King Hamas decree granting BHD185 million bailout to Gulf Air is set to be vetoed by a number of MPs since it was done while Parliament was in recess.
Fed's Fisher calls out government
The president of the Federal Reserve Bank of Dallas has called out the US leadership on its continued gridlocks in a speech held in Sydney, Australia.
Centrica prepares to scrap £2 billion wind farm plans
Centrica decided to scrap plans for £2 billion wind farm unless the government subsidies to be given will be significantly increased.
Woori share values fall again
Woori Finance Holdings Co.'s share values fell by nearly 3% to KRW12,000 per share.
SAC Capital Advisors to give guilty plea, pay USD 1.8 billion fine for securities fraud- report
A CNBC report said that SAC Capital Advisors would plead guilty to securities fraud charges and pay a fine of USD 1.8 billion.
