In a conference held today, the IEA said that they need US$300 billion to finance the Power Africa project.
Industry
Alcoa Inc. Performance Beats Expectations
Alcoa Inc. reported better-than-expected performance this season. Alcoa Inc. , the largest aluminum producer in the US, reported earnings that surpassed financial analysts' estimates after its unit that provides essential components to power and aerospace companies had a better-than-expected performance.
RSA, Aveksa merger seen to accelerate IAM solutions for businesses
Leading cloud computing solutions acquires company known for identity and access management. EMC Corp. announced the acquisition of Aveksa Inc. , one of the leading companies in identity and access management (IAM) for businesses.
Terra Nova Energy Issues Notes to Raise Money for Onshore Venture
The oil and gas company released convertible notes worth US $1.905 million to fund project in South Australia.
LVMH Buys Majority Stake of Italy’s Premiere Cashmere Maker
LVMH takes over majority of Loro Piana for US $2.57 billion LVMH Moet Hennessy Louis Vuitton agreed to buy 80% of Loro Piana SpA, one of the premier textile producers in Italy, for US $2.
Latest News
In a recent study, the United Kingdom leads the merger and acquisitions investments in Africa. Companies from the United Kingdom have made the most investments in mergers and acquisitions in the African continent within the last 10 years, according to a study made by Freshfields Bruckhaus Deringer.
Japanese company Olympus offers its stock, both new and existing, to overseas markets to raise funds for research and debt payment.
Due to a newly created rule, alternative investment market trusts can now be captured in investment savings accounts.
The UK NEST gave Legal and General Investment Management mandate over real estate asset allocation. The United Kingdom's National Employment Savings Trust or NEST deployed a scheme involving a 20% member asset allocation to a real estate fund.
Japanese manufacturer is considering 100 billion yen share offering, the first in 32 years. Japanese manufacturer Olympus Corp is reflecting on releasing up to US$991 million (JPY100 billion) of new shares to finance the study of its endoscope business as well as further its medical business into developing nations.
The Philippines NEDA Director said that the administration will be easing its restrictions on foreign investments.
Investors from France are cutting back on investments due to fears of high interest and foreign competition.
Oil prices and dividend yields causes rise in Russia stocks, says Citigroup analyst. Russian stocks were driven by dividend yields and oil prices, according to analysts in Citigroup.
The European Union and the United States begun their talks about world's largest trade and investment relationship.
