A grant-loan from the Belgian government would expand the water and sanitation services in Iten, Kenya.
Deals
Microsoft will buy Nokia's handset biz using USD60 billion offshore holdings - report
According to an investigative report by the Huffington Post, Microsoft Corp would be dipping into its USD60 billion offshore holdings to finance its Nokia handset business acquisition in cash.
Lithium Technologies receive USD50 million in latest funding round
Nearly USD50 million was received by Lithium Technologies in its latest funding round. One of the developers of social-networking software solutions for firms, Lithium Technologies Inc, announced the raising of USD50 million during a funding round.
Jeff Bezos will apply Amazon approach at Washington Post
In an interview conducted by newly-acquired newspaper the Washington Post, Amazon.com Inc. CEO Jeff Bezos said that he would be applying his management style in Amazon to the beleaguered newspaper.
OCI Resources commences 5 million-common unit IPO
Today, OCI Resources announced that it had launched its initial public offering of 5,000,000 common units.
Latest News
Opposition Members of the Parliament (MP) expressed their concerns over the UK government not providing enough protection for Royal as the universal postal service near privatization.
Alitalia SpA engaged advisory services Italian firm for corporate restructuring help. Gruppo Banca Leonardo was engaged the services of Alitalia SpA to assist in the raising of hundreds of millions of Euros before the year's end.
The Philippine Stock Exchange said meeting IPO targets this year would be difficult as market conditions continued to be volatile.
Sole bidder Chevron won the Lithuanian tender for shale gas exploration, the government said in a Twitter announcement.
Platinum Equity announced the closing of Fund III with USD 3.75 billion. Global merger and acquisitions firm Platinum Equity announced that it scored USD 3.
The announcement of Nokia selling its handset unit to Microsoft Corp. had left hedge funds rushing to unwind their bets, leaving the Finnish company to score a record gain per day.
The Riverside Company announced its purchase of Rutland Plastics for an undisclosed amount. The Riverside Company announced that it had purchased Rutland Plastics.
New and old investors provide USD65 million in equity investments to Kaiima Bio-Agritech. Israeli technology company Kaiima Bio-Agritech Ltd is focused on seed and breeding technology.
The government of Japan proposed today its JPY47 billion or USD473 million 'ice wall' project in the hopes of stopping the leakage of radioactive water from the Fukushima nuclear plant.
