TPG Capital, Ivanhoe acquires P3 from Arcapita Bank
TPG Capital together with Ivanhoe Cambridge bought Europe-based P3.
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
Doubt rises on Treasury capacity to pay USD120 billion on US securities
Investors remained anxious even if US Treasury Secretary Jacob Lew announced last week in Congress that the department had the capacity to pay US Treasury bill holders.
Fitch may downgrade US rating due to political brinkmanship
Fitch is allowing itself until the first quarter of 2014 to determine if US credit rating needs to be downgraded.
Chalco to divest shares in Guinea venture with Rio Tinto
The Aluminum Corporation of China Ltd or Chalco had announced the sale of its shareholdings in the Guinea venture with Rio Tinto.
Citigroup, State Street puts measures in place for potential US government debt default- report
A Wall Street Journal report said that Citigroup and State Street were already preparing for a possible debt default by the US government.
Trafigura Beheer, Mubadala Development agrees on purchase of Batista's MMX Mineracao & Metalicos unit
Trafigura Beheer and Mubadala Development would be purchasing a controlling stake in PortCo, a unit of MMX Mineracao & Metalicos.
Foreign companies may sell shares in free trade zone- report
The Wall Street Journal reported that China could allow foreign companies to sell shares in the free trade zone in Shanghai.
Snow storm kills thousands of cattle in South Dakota
A snow storm in South Dakota killed thousands of cattle and caused tens of millions in losses.
Test shutdown cause of food stamp EBT card glitch
Xerox Corp said the glitch that affected food stamp beneficiaries in 17 states was caused by a temporary shutdown of the system after a test was performed.
Food stamps recipients clear Walmart stores as glitch removes spending limits
Food stamp recipients went for a two-hour shopping spree in Louisiana after a glitch removed spending limits on their cards.
