The IFC had invested US$2 billion in Brazil amid sluggish economic growth and large demonstrations in the country.
Deals
RIL to invest a further US$5 billion in US-based shale gas business
RIL announced that it is to invest a further US$5 billion in US-based shale gas business. Reliance Industries Ltd. revealed that it is going to invest more than US$5 billion over the next three years in its US-based shale gas enterprise.
BAIC Group to buy certain intellectual assets from California-based Fisker
BAIC Group stated that it is planning to buy assets from Fisker Automotive Inc. to enhance its own electric vehicle development.
Minnesota firms want governor to lead setup of fund for small businesses
Minnesota firms urged Gov. Mark Dayton's administration to support an idea for a fund that will support smaller Minnesota businesses.
China companies want Hong Kong IPO before new regulations for sponsor banks kick in
Several mainland China retailers stated that they want their listing done in Hong Kong before October.
Latest News
Dunedin successfully raised GBP50 million more from their original target of GBP250 million for its latest buyout fund.
While the regular safety net is a stop loss, now currency options provide more flexibility. When trading foreign currency without the use of a safety measure, an example of which is a stop loss mechanism, is considered as financial suicide.
Swiss National Bank keeps its franc ceiling of 1.20. The Swiss National Bank (SNB) will maintain the franc ceiling of 1. 20 against the euro. The SNB imposed the ceiling on the franc in September of 2011 which allowed it to stockpile foreign-currency reserves that is equivalent to 75% of Switzerland's annual economic output.
Bank of Canada will keep its targets of keeping rates low. The Bank Canada will stick to its targets in terms of keeping rates low despite talks of economic weakness during the G20 meetings in Moscow, Governor Stephen Poloz told reporters on Saturday.
Hong Kong's richest man Li Ka-shing is reportedly considering putting up for sale the ParknShop chain for US $2 billion.
German opposition leader slammed Chancellor Merkel for not telling taxpayers that they will not be "excluded in any way" if the writeoffs continue.
VF Corp. drops its bid to acquire Billabong, Australia's most popular surfing brand, saying that the asking price was too much.
China discards lending rates to allow financing institutions more freedom in packaging their lending rates.
The German government may be divesting its interest in Germany's second largest lender within the year.
