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Orange nearing deal to exit Dominical Republic unit - sources

France-based phone firm Orange is nearing an agreement to exit its unit to Luxembourg-based cable and telecommunications investor Altice, according to sources interviewed by Bloomberg.


UK to sell off 900-million-pound student loan portfolio-report

The British government will announce on Monday it has agreed a deal to sell off a portfolio of student loans worth 900 million pounds, Sky News reported on Sunday, quoting people close to the situation.

Nonprofit that flipped homes to investors faces scrutiny

A U.S. housing regulator has been investigating the activities of a small California not-for-profit that bought hundreds of foreclosed homes through a federally backed program intended to help local communities hurt by the housing bust, according to government documents reviewed by Reuters.

Babcock in negotiation to purchase stake in Avincis in JV deal

Babcock, UK's leading engineering support service is in exclusive discussion to acquire a stake in helicopter transport services company, Avincis. Being a part owner of Avincis would open doors to lucrative defense contracting markets for Babcock, particularly in Spain and Italy.


Latest News

Tonara, an interactive sheet music app has rolled out a new score synchronization feature for the iPad. The new score synchronization feature allows musicians to review their practice sessions and in the future, power stage management functions as well.
Abu Dhabi-based investment firm, The National Investor (TNI), has appointed a new chief executive officer to replace Orhan Osmansoy, who resigned after nine years at the helm, the company said in a statement on Sunday.
Travel startup GetYourGuide, whose platform streamlines the booking of vacation excursions, rolls out to the U.S Market having successfully launched in Europe, having garnered over 210,000 European mobile users in just a month.
CEPT Systems GmbH, a Vienna, Austria-based text processing technology startup raises a total of EUR 1.5 million in seed funding. Backers of this round includes Reventon B.V and Zirngast GmbH (AT).
Matteo Stefanel, a senior partner at emerging markets-focused private equity firm Abraaj Group, has left the company, two banking and industry sources aware of the matter said.
Multichannel, a US and Hong Kong-based full-automated ad management startup secures USD 3 million in seed funding. The platform is designed to be fully automated so that companies could focus on their ad campaigns instead of focusing on their dashboard.
President Michael Sata's drive to upgrade the country's rough roads, which often become impassable in the rainy season, is popular with many Zambians like Moyo. But foreign investors, who must partly fund such ambitious schemes, are less keen on his costly promises and very public dust-ups with business.
Dubai-based pay-TV network OSN, which is planning an initial public offering, is worth about $4.3 billion post its recent acquisition of Pehla Media & Entertainment, brokerage Arqaam Capital said in a research note.
Markets are closed for the Thanksgiving holiday on Thursday and a half day for equities occurs on Friday, so most of the week's meager trading will be done by mid-Wednesday across all asset classes.
A group of 10 investors, including Norway's sovereign wealth fund and Och-Ziff Capital Management Group LLC, have together committed to buy about $1.1 billion into China Cinda Asset Management Corp as part of its Hong Kong IPO, people familiar with the matter said on Sunday.