CME seeks permission from CFTC

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.


Caesar's Entertainment refinancing debt and restructuring loans

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 purchase pushed through bridge loan

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.

Lift Labs launches the Liftware

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.


Latest News

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.
Macau Legend announced plans to raise USD 300 million through a share sale to redevelop the Fisherman's Wharf complex.
Criteo filed for a USD 190 million IPO in the Nasdaq Stock Market. France-based web advertising firm Criteo filed for an USD 190 million initial public offering in the US.
The first Gulf region company that would come out of bankruptcy places many Western courts at a quandary on Islamic finance.
Hungary applied for permission to sell bonds in the US market. The European Union's most heavily indebted member nation had filed with the US regulatory authorities for the issuance of USD5 billion worth of bonds.
Dan Gertler of Oil of DR Congo wanted partners to develop oil in Lake Albert in Congo. Oil magnate Dan Gertler, owner of Oil of DR Congo, would like partners to develop a potential oil find in the Democratic Republic of Congo.
A Reuters report expected the US Federal Reserve tapering to be cautious. According to a Reuters report, expectations were rife that the US Federal Reserve would be cautious about the tapering of its stimulus package.