CME planning to create a platform SEF from the CFTC. The world's largest futures market, the CME Group Inc, had applied to create a new kind of platform known as a swap execution facility and this would focus on trading commodities derivatives.
Deals
Roadrunner Transportation Systems acquires YES Trans Inc.
Today, Roadrunner Transportation Systems announced its acquisition of YES Trans Inc. valued approximately USD1.2 million in cash.
Varde and Deutsche sell stake in Crest Nicholson
After the announced stake sale last Tuesday, Varde Management and Deutsche Bank had raised GBP108.6 million from the sale
Vale to sell control of VLI unit to Japanese, Canadian and Brazilian investors
On Wednesday, Vale SA said it had planned to sell control of VLI SA to Brookfield Asset Management Inc, Mitsui Co and FGTS valued BRL4 billion.
Ghosn leads Renault-Nissan into Russian market
The tripartite auto manufacture promises to corner 40% combined share of the Russian market. The partnership between Renault SA and Nissan Motor Corp had resulted in the creation of a parts procurment venture with Russia's largest automaker, OAO AvtoVAZ, This is one cost cutting measure as all three are seeking to expand their markets through a three way tie-up.
Latest News
Caesar's Entertainment has planned to raise nearly five billion to refinance its overall debt. The largest casino owner in the United States, Caesars Entertainment Corp, raised a total of USD4.
Packaging Corp of America's acquisition of Boise Inc would be funded by a bridge loan. A USD2 billion financing commitment was made available to Packaging Corp of America, a producer of corrugated shipping material.
The launch of Lift Labs was done recently to unveil its latest product the Liftware, which is a product that used grant money for its design and creation.
Investment initiative Benu Bioventures would provide funding for the human testing stage drug trials.
Sources said the Oil & Natural Gas Corp (ONGC) would be buying a 12% stake in the Brazilian oil field owned by Petroleo Brasileiro (Petrobras).
Kiosked said it gathered a total of USD 6.9 million in its latest funding round. Kiosked announced that it received USD 6. 9 million from private investors.
An oversubscribed fourth fund from Bison Capital Asset Management was recently announced to be closed.
The First Gulf Bank said it is not interested to bid for Barclays business in the UAE. The First Gulf Bank, a lender based out of the United Arab Emirates, said it has no plans to bid for the retail banking operations of Barclay in the country.
Emirates NBD agreed to a five year sponsorship deal with Manchester United Football Club. The largest bank in the United Arab Emirates, the Emirates NBD, recently announced a five year partnership agreement with Manchester United Football Club.
