The Chinese securities regulator grants mutual fund licenses to HSBC and Citigroup. (Photo : REUTERS)Banking group HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians.
Deals
GM Expands Operations in Mexico
GM set to expand its operations in Mexico. (Photo : Reuters)The image is a GM parking lot with recently manufactured vehicles in a row. Last Wednesday, General Motors Co had unveiled plans for the expansion of its Mexican operations, investing US$691 million into the country.
Empire State Building Gets Second Offer
Empire State Building owners received two unsolicited offers to buy the iconic building for US$2.1 billion and US$2 billion.
HD Supply Holdings IPO Below Set Price Range
The initial pegged price for HD Supply Holdings IPO shares was not achieved, as buyers bought the shares at below set prices.
Oracle and NetSuite Reveal Cloud-Computing Alliance
Oracle and NetSuite unveiled an alliance agreement to deliver cloud-based services to business clients.
Latest News
After a previous disapproved bond issue, British Airways again attempts to float asset backed bonds to raise funds.
Tilal Development Co would be issuing a sukuk whose proceeds would be used to pay off debts and expand the Muscat Grand Mall.
Metacloud raised $10 million in its Series A funding led by Canaan Partners. (Photo : Reuters)This image represents cloud technology. Cloud solutions provider Metacloud said today that it closed its $10 million Series A fundraiser.
Rapid Micro Biosystems received funding from several lead investors. (Photo : Reuters)This is an image of workers in a microbiology laboratory. Rapid Micro Biosystems announced today that it has successfully received backing from lead investors Longitude Capital and TPG Biotech.
Ludei announced that it has gained $1.5 million in funding from Spanish investors. (Photo : Reuters)This is the logo of Ludei. The new capital will be utilized for the company's expansion of its JavaScript and HTML5 engineering processes and engineering team in lieu of the industry's increasing demand from major players in the entertainment and tech sector.
Related and Highbridge agreed to partner and create a joint venture on real estate. (Photo : Reuters)The image is an urban area where REITs and real estate moguls earn their keep.
Egypt's OCI increased in value as the country's finance authority approves of tender. (Photo : Reuters)The image is snapshot of the trading floor of the Egyptian bourse Orascom Construction Industries, one of Egypt's largest publicly traded firms, predicts a tremendous upsurge in more than seven years.
Lark Energy put 100 megawatts worth of projects for sale. (Photo : Reuters)The image is an aerial shot of the proposed project from the LA Department of Water and Power.
India's ICICI said that it is picking exporter stocks amidst foreign fund exits. (Photo : Reuters)Securities and Exchange Board of India chief U. K.
