Japan, stretched to the limit because of the increase in foreign exchange funds, is studying to have the private sector manage the funds.
Funding
Cudos Capital to raise EUR150 million
The new fund of private equity firm Cudos Capital, which is co-founded by former Austrian chancellor Alfred Gusenbauer, would seek to raise EUR150 million.
Private equity groups eye purchase of theater group Ambassador- report
The Telegraph reported that several private equity groups were invited to bid for a controlling stake of Ambassador.
Currency swap between South Korea and UAE finalized
The Bank of Korea recently announced a USD5.4 billion currency swap deal with the United Arab Emirates for a period of three years.
Royal Mail share values jump 40% since IPO
Royal Mail shares, criticized to be valued too low, had netted hefty profits for its investors. The Abu Dhabi and Kuwaiti sovereign wealth funds have respectively reported a profit of USD30 million each from their investments made in the recently sold UK Royal Mail.
Latest News
According to SNB President Thomas Jordan, protecting the Swiss franc is imperative for economic health.
A venture agreement was formalized by several prominent entities with the goal of creating 'Airport City' in the city of Manchester.
A loan with lower interest rate is what Abu Dhabi's Tourism Development and Investment Co is seeking for the completion of its project in the United Arab Emirates.
According to a study, airport modernization programs are necessary to improve services. According to the study conducted by the aviation consultancy firm CAPA in partnership woth aviation IT solutions provider SITA, special provisions such as WiFi inflight, use of mobile devices, self-check in areas, biometrics and e-Passports should be implented in the new airports in India.
Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.
Due to so-called 'exogenous shocks', Jordan leverages release of third tranche of the IMF funding.
Countries such as Libya, Syria and Afghanistan as well as African countries such as Mozambique have become prime targets for Indian investments.
Pennzoil's "Mission: ABLE" program donated three vans to three veterans for their specialized needs.
Emerging markets cry foul over the continued inaction on 2010 reforms passed in the International Monetary Fund.
