VTB would sell off its shareholdings in Rosbank to Societe Generale and Societe Generale would sell some Russian assets to VTB.
Deals
US hedge funds invests heavily in Greek banks
The Financial Times reported that US hedge funds had been aggressively investing in the struggling banking sector of Greece.
KKR nears deal with Crosby: sources
KKR & Co LP would soon reach a deal to acquire Crosby Group LLC in a transaction valued USD1 billion, said two sources familiar with the matter.
Bharti Retail-Walmart partnership stalls
The recent remarks made by officials of both Bharti and Walmart indicate issues between the two. Walmart Stores Asia head Scott Price, contrary to previous reports, said a conversion of the current franchisee agreement with Bharti Retail into a joint venture is 'not tenable'.
LVMH brands in turmoil
With changes abound in LVMH, investors are now beginning to review the brand purchases done by management at its heyday.
Latest News
Bay Investment Group LLC, the venture firm of Hayah Holdings and Colony Capital, will head the master development in the city of Oakland.
According to the latest US Energy Information Administration report, the US would pass production levels of Russia and Saudi Arabia for oil and natural gas.
Facebook, after its dismal opening at IPO and subsequent decline, is affecting the overall enthusiasm in Twitter.
Addressing concerns as to the lack of progress in its bid to open shop in India, Wal-Mart said it is negotiating with Bharti for final details.
Identified as an integral part of US interests in Asia, the Trans Pacific Partnership is being outlined between the US and eleven other countries.
The noteholders of GM Nova Scotia used a local law loophole to allow its earnings to double from the bankruptcy proceedings.
Australian Prime Minister Tony Abbott said his country would be more receptive now to foreign investment.
Marc Ecko told the Business Insider that the USD 25 million investment received by his company Complex Media would be used to benefit its shareholders.
Japan Prime Minister Shinzo Abe was reportedly able to reduce the country's debt his predecessors were not able to do so in the past 15 years.
