A panel from the telecom ministry recommended cutting down the price for wireless spectrum in India.
Firm Management
Two Chinese banks do IPO in Hong Kong bourse
Hong Kong bourse recently listed Huishang Bank and Bank of Chongqing. A record HKD9. 21 billion or USD1. 19 billion was raised from its Hong Kong IPO for Huishang Bank after it had fixed the price slightly above the lowest rung in its price range at HKD3.
Dubai Holding ratings upgraded by Moody's
Upgrades were issued to the CPR and MTN of DHCOG including a positive outlook stamp of approval by Moody's Investor's Service.
Icon Venture Partners closes fund
Icon Venture Partners I was an oversubscribed investment fund for the purpose of investments in companies in key enterprise technology sectors.
Gainsight raises total of USD30 million in latest funding round
Bain Capital Ventures, Battery Ventures and Summit Partners contribute a total of USD30 million in the latest funding round of Gainsight.
Latest News
Issues over tax payments and retrenchment of workers caused Konkola Copper Mines to seek court intervention.
Propane supplier NGL Energy Partners LP acquires Gavilon LLC for its midstream supply business. NGL Energy Partners LP, the propane gas supplier, announced it would purchase Gavilon LLC, a pipeline company.
In one of highest volumes of corporate debt issuances on record, Sanofi and LVMH issue bonds yielding above prevailing rates.
Regulatory authorities are reviewing the capital buffers ING Groep NV for real estate financial loans prior to ECB testing to be conducted.
John Malhotra, the former independent energy advisor, is now the reported head for Macquarie's Asian oil and gas advisory businesses.
An internal inquiry is to be conducted by Lloyds Banking Group as to its foreign currency trading operations after being advised by the Financial Conduct Authority to review its processes and report irregularities.
Paul Singer's Elliott Management Corp increased its shareholdings in German drug distribution firm Celesio AG.
Vimpelcom's third quarter earnings affected by African and Asian regulations as well as Italy's fee charging ceiling for use of competitor networks.
The companies comprising the Kirch conglomerate testified the bank had assisted in the demise of the firm.
