The South Korean steel making company pulls out from deal to put up US $5.5 billion plant after land acquisition became difficult.
Investors
Monte dei Paschi gears to attract new investors
In an attempt to lure investors, Monte dei Paschi removed the bylaw stating that other investors will own no more than 4% of total shares
Chile court gives latest suspension on Barrick’s gold mine operation
Barrick temporarily stopped the construction of the controversial Pascua-Lama gold mine project due to a court suspension issued last Monday.
Deltek acquires Acumen
The acquisition of Acumen by Deltek provides enhanced planning capacities for companies giving them better control and management.
Denmark Urges Banks to Ignore SME Capital Provision
Denmark advised Danish banks to disregard the European directive to reduce exposure charges The European Parliament, in an attempt to align with the Basel Committee on Banking Supervision's regulation, passed a directive that will simplify the risk calculation for small- and medium-sized business loans.
Latest News
Amadeus Capital Partners achieved first close for Amadeus IV Digital Prosperity Fund with MTN as major investor.
The opening up of the Indian forex market has allowed the stock exchange to further grow in recent times.
The London mayor has pushed aside sentimentality for the Heathrow airport to create a new borough. London Mayor Boris Johnson is chucking sentimentality out the window when he announced the plan to transfer the historic Heathrow airport.
China gets US $44.4 million funding for a housing project. Century Bridge Capital entered into a joint venture agreement with Coastal Greenland Limited after investing US $44.
Aston Capital forms financing to help consumers invest in LED projects. A private equity firm will provide financing solutions for Revolution Lighting Technologies customers who want to switch to LED lighting but lack the money to do so.
Caroline Kitidis, who used to work for Goldman Sachs, joins Deutsche Asset & Wealth Management. Deutsche Asset & Wealth Management today welcomed into the team Caroline Kitidis, formerly head of Americas Structured Solutions Group of Private Wealth Management.
Forest Oil Corp would sell its oil and natural gas fields in Texas Panhandle worth US$1 billion. Forest Oil Corp intended to sell its oil and natural gas fields that could be found in Texas Panhandle.
Lowth, current CFO AstraZeneca, will leave this October to become the CFO and Executive Director of BG Group
Avis Budget Group Inc. bought Payless Car Rental for US$50 million in cash to increase its yearly generated income.
