Viktor Vekselberg continues expanding by initiating a bid to buy Schmolz+Bickenbach. (Photo : Reuters)Russian tycoon Viktor Vekselberg gives a speech in an assembly.
Deals
Coeure: ECB has Euros 50 billion in SMEs
Benoit Coeure, ECB Executive Board member, said the bank has Euro 50 billion on loans to small and mid-sized businesses.
Citigroup stops operating in Uruguay
Citigroup sold its Uruguay operations to Itau Unibanco. (Photo : REUTERS)Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.
Tiger Airways invests on 'niche' Philippines
Tiger Airways will pioneer a new route in the Philippine budget airline market. (Photo : Reuters)The office of a Tiger Airways ticketing office. Due to the recent spotlight on the Philippines' tremendous economic growth, Asia's low cost airline carrier Tiger Airways takes the opportunity to invest into what it considers to be a 'niche market.
Japan's US$1.1 trillion retirement fund alloted for real estate - CBRE
Japan's Government Pension Investment Fund will use its US$1.1 trillion budget to buy properties in major cities
Latest News
Europe, Middle East, and Africa all experienced a generally flat syndicated lending volume. (Photo : Reuters)The European Central Bank is expected to print money to prevent a further escalation of the euro zone's debt crisis.
The European Central Bank would suspend the eligibility of Cyprus's debt due to its demand to refinance its operations.
The South Korean F-X was extended to July 2 after receiving overwhelming bids from interested investors.
Loans to the euro zone private sector declined further. (Photo : REUTERS)Structure showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt European region's private sector loans declined further last month as investors gain less interest for spending.
Sun Capital Partners and Bain Capital sell off their American Standard ownership. (Photo : Reuters)The image is the American Standard brand. Sun Capital Partners Inc had invested in the struggling toilet maker operating under the American Standard brand.
Fraser & Neave Ltd considers the separation of its property business from its other businesses. (Photo : Reuters)The image is the corporate logo of Fraser and Neave Ltd.
Barrick Gold Corp may take a writedown of about US$5.5 billion for its Pascua-Lama venture after gold's value shrunk.
Great Pacific Industries Inc. announced a proposed takeover bid for privatization valued at C$37 billion for Sun-Rype Products Ltd.
Today, Blue Wolf Capital Partners LLC announced acquisition of Suwannee Lumber Co through its affiliate Blue Wolf Capital Fund III LP.
