In nixing the deal to allow the exit of Marathon Oil, a below market offer would be made shortly by the Libya owned NOC for the shareholdings.
Deals
Pension funds invest in traditional reinsurance companies- report
Guy Carpenter said the global pension fund industry has invested USD 10 billion worth of funds in insurance.
Nexon eyes more acquisitions to grow in North American market
Nexon Co would be doing more deals to enhance market share and increase revenues in North America. Japanese online games maker Nexon Co said it would be looking more deals to increase its revenues in the US.
Livonia enters Baltic economies with USD 117 million private equity fund
Livonia Partners would be investing in three Baltic economies with a private equity fund valued at USD 117 million.
SBI invests in Equifax
Equifax Credit Information Services would receive an undisclosed amount from SBI as an investment. Equifax Credit Information Services, the India-based credit information bureau, announced that State Bank of India would be making an investment in the company.
Latest News
In order to avoid the fiasco of Facebook on the NASDAQ, the NYSE ran simulated IPO tests to iron out glitches and kinks in its systems.
In a recommendatory report, Rothschild said it would be best to have the bank's bad debts placed in an internal bad bank instead of breaking up the bank.
Blackstone Group LP President Tony James sold 3.25 million shares managed through a firm controlled by his family.
In a news report in the Italian daily Il Messagero, a letter from Air France CFO criticized Alitalia for the lack of information regarding key decisions made on their joint venture where it owns 25%.
Davaadorj Ganbold said that major issues between the mining firm and the government have been ironed out but some still remain.
India Infoline, in response to market movement away from equities, is closing down its retail brokerage division.
In a MEED Projects Study, it was found that forty major projects in the Sultanate are in the pipeline with total cost to reach USD112 billion.
The purpose of Mitsubishi Motors Corp's public share offer is to pay back shareholders through the buyback of preferred shares.
In a filing with the US Supreme Court, Argentina seek stay of payment order issued by lower court. The Argentine government had filed an urgent motion in US Appeals Court last Friday to stay the hold order requiring the government to pay USD1.
