Fitch affirmed Bahrain's credit ratings. The credit rating firm Fitch Ratings has affirmed Bahrain's credit ratings. These ratings were 'BBB' for its long-term foreign currency Issuer Default Rating (IDR) and 'BBB+' local currency IDR.
Deals
Shangri-la teams up with HHtravel and Private Jet Journeys for new luxury program
Shangri-La Hotels and Resorts teams up with HHtravel and Private Jet Journeys for the launching of the "Shangri-La Private Jet Journey" program.
JPMorgan and Wells Fargo in Bond Selloff
JPMorgan and Wells Fargo let go bonds worth around US$38 billion. JPMorgan Chase & Co. and Wells Fargo got back around US$38 billion of their riskiest investments in the first quarter as an increase in trading activity persuaded them the assets were easier and more simple to value.
Prometheus Group completes minority recapitalization deal with TA Associates
Enterprise application software company secures minority recapitalization from TA Associates but the deal's details were not released.
WineDirect-Vin65 and VinTank merges to combine social media and commerce
WineDirect and Vintank would merge to increase revenues through social media and commerce. Vin65, a firm of WineDirect, and Vintank formed an exclusive alliance to connect the social media data of wine industry with the ecommerce records of their clients.
Latest News
PSEi joined regional rally. The Philippine Stock Exchange index has joined the regional rally. The benchmark index closed at 6,360. 73, a rise of 52. 55 points or 0.
Bank of Japan was optimistic about the country's economic recovery. The Bank of Japan (BOJ) was more optimistic when describing the country's economic condition.
Mission Federal Credit Union's Credit Union Service Organization (CUSO) announced acquisition of Autoland Inc, a national car buying service provider.
Oryx Petroleum stated it wanted its Kurdistan operations expanded. Canada's youngest publicly traded oil venture company, Oryx Petroleum Corp. , is examining whether or not a property near its main Kurdistan development has identical natural reserves.
Monitronics International signed today a definitive agreement for the acquisition of Security Networks LLC priced at US$487.5 million in cash and newly issued shares amounting to US$20 million.
MiX Telematics announced its IPO plans and wants to hit big. MiX Telematics aims to hit big in its market debut amid a hospitable atmosphere among cloud tech venture companies.
EasyJet shareholders, Standard Life Investments and M&G Investments, were positioned to support an order for 135 Airbus SAS jets.
Kenya announced places to create sovereign wealth fund for mining companies and mining ventures. Kenya announced it will form a state-owned holdings firm that will hold shares in the mining industry.
Sony's Kazuo Hirai: His priority for the company would be consumer electronics. Chief Executive Officer of Sony Corp. Kazuo Hirai, who is currently under pressure to sell shares of the firm's entertainment division, stated that turning around the troubled consumer electronics operation is his team's greatest priority.
