According to Oriens, a US$30-million merger/acquisition was a future possibility. Oriens Travel & Hotel Management Corp. (OTHM) announced that the FROL Booking Engine exceeded the company's expectations.
Investors
INTL FCStone abandons plan to purchase Asian online exchange Cleartrade
INTL FCStone abandoned its plan to buy Cleartrade Exchange due to the newly-issued financial guidelines.
ClubCorp Holdings Inc. plans US$100-million IPO
ClubCorp Holdings Inc. filed for a US$100-million IPO. ClubCorp Holdings Inc. filed for an initial public offering. According to a Securities and Exchange Commission filing dated July 12, ClubCorp Holdings aimed to raise up to US$100 million.
Biden appeals for US-China trust
US Vice President Biden calls for trust between US and China while pushing for Chinese economic reforms.
NYSE Euronext takes over Libor
NYSE Euronext said that it would take over the London interbank offered rate (Libor) from the British Bankers' Association.
Latest News
Jack Lew, US Treasury Secretary, confirmed that Chinese regulators will be handing over documents about US listed companies based in China; a move that may dissolve disagreement about several accounting scandals.
Neptune increased its stake in Acasti Pharma Inc. Neptune Technologies & Bioressources Inc. announced Friday its acquisition of 6,750,000 Class A common shares from Acasti Pharma Inc.
Gagfah will be offering 40 million shares to raise capital. Gagfah, a German real estate group, announced last Tuesday that it will be offering 40 million shares to raise capital.
Calpers, a US $259 billion fund, delays the launching of its database that would make known information about their pensioners.
Fund manager John Paulson lost 65% worth of its gold fund this year after the portfolio fell by 23% last June.
US venture firm fundraising activity decreased 54% in the second quarter this year. There was a decline of 54% in fundraising by US venture-capital firms in the second quarter.
ECB's executive board member said that the bank's interest rates would remain the same as long as inflation stays moderate.
According to data from Reuters, adviser departures in 2013 were lower than 2012. There were about 200 teams of veteran advisers who moved so far this year until the end of June.
India's commerce and industry minister, Anand Sharma, said that India was ready to begin talks regarding bilateral investment treaty.
