Tata Steel is planning to sell off UK assets and its Australian business to pay off debts and loans.

Using bailout funds, Russian state owned banks create new business for its benefit. State controlled Russian investment banks of President Vladimir Putin are bullying foreign competitors out of the market, as they are buoyed by a bailout from its Russian tycoon cartel.

VTB purchases minority stake in Tricolor. VTB Capital announced today the purchase of minority shares in the largest Russian satellite TV operator, National Satellite Company, operating under the brand Tricolor TV.

CORWIL acquired by Tonka Bay Equity partners for an undisclosed amount. Tonka Bay Equity Partners announced their acquisition of CORWIL Technology Corporation.

Cleave Biosciences raised US$10 million for its Series A financing. In an announcement, Cleave Biosciences said that it was able to raise for its Series A extension financing from new investor New Enterprise Associates.

Sea World would be offered to the public via an IPO scheduled within the year. Sea World Parks and Entertainment, now owned by Blackstone Group LP, would be offering its shares at initial public offering at a price range between US$24 and US$27 per share.

Infraero has withdrawn its application for an IPO as two of its licenses to operate may provide the necessary funding for its operations and growth.

A US$3 million loan was granted by Square 1 for the expansion goals of SteadyMed. Square 1 Bank has announced it has opened a US $3 million term loan credit facility to SteadyMed Therapeutics.

First aid manufacturer Med-Tech Resource was acquired by private equity firm GC Capital. A San Francisco based private investment firm, GC Capital has announced the acquisition of majority shareholdings in Med-Tech Resource.

The Bank of Shanghai is preparing a US $2 billion offering in Hong Kong and Shanghai bourses. The Bank of Shanghai is planning to seek US$2 billion in an IPO in Hong Kong.