Etihad Airways, the national carrier of the United Arab Emirates, said it has bought a 33.3% stake in Swiss carrier Darwin Airline for an undisclosed amount.
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CDC Group set to back Green Infra with USD 25 million investment
CDC Group said they would be backing New Delhi-based renewable energy developer Green Infra Ltd with a USD 25 million investment to enhance the latter's production capacity.
International lenders with broker-dealer carry risks to financial stability- Eric Rosengren
Federal Reserve Bank of Boston Eric Rosengren said large international banks with broker-dealer units placed the financial system at risk, and as such, regulators should ensure that they have adequate capital.
Corporate Travel Management to buy majority stake in Westminster Travel
Australia-based Corporate Travel Management (CTM) announced that it is seeking to raise AUD53 million (USD49.6 million) to buy a 75.1% stake in travel service provider Westminster Travel.
Narrow gap between cheap and expensive seen in US equity market
Equity investors were seeing fewer options to place their bets on the market as the stock rally had driven up company valuations, said a Bloomberg report.
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A report from the Financial News website said private equity companies were now looking for investments in fossil fuels prompted by large discoveries of shale gas in the US.
Sources who were familiar with the proceedings said the bidding group who planned to buy the aircraft-leasing unit of American International Group Inc would be welcoming Chinese financier Xiao Jianhua and Taiwanese tycoon Richard Tsai as its additional partners.
China's recent government CNY20 billion or USD3.3 billion bond sale recorded a 5.3% yield, which was the highest obtained by the mainland since selling debt since 2009.
Combined Japan-US app maker Gree Inc planned to acquire several undisclosed businesses in order to expand its product portfolio beyond the social gaming arena amid plummeting revenue.
The US Department of Justice and the Securities and Exchange Commission said bitcoins offer legitimate financial services. The regulators said the digital currency offered various benefits and risks.
Vietnam-based Ho Chi Minh City Housing Development Commercial Joint-Stock Bank (HDBank) revealed an on-going discussion with three Japanese firms about the sale of 30% of its stake.
Germany-based international car producer Daimler announced a new strategic cooperation agreement with China-based partner automobile seller BAIC Motor that would be signed by both parties on Tuesday.
TrimTabs Investment Research revealed that investors had poured an estimated USD 34.1 billion in equity mutual funds and exchange traded funds in the four weeks ending November 13.
According to a lawsuit filed by wireless communications firm LightSquared Inc, Dish Network Corp and its chairman, Charles Ergen had schemed to ensure that the latter would be able to obtain the former's broadband spectrum.
