Investors kept their money in US Treasuries after the steepest two month loss for securities. A total market value of US$317 billion was erased after the steepest two month loss for securities.
Investors
China’s New Sovereign Fund Chief Faces Pressure to Boost Returns
Ding Xuedong was appointed the new chief of the sovereign wealth fund of China and faced pressure to boost returns for the country.
Target Stores’ Founding President Dies at 88
Douglas J. Dayton, founding president of Target stores died at age 88 after his battle with cancer said wife, Wendy Dayton.
ProSiebenSat.1 Find No Buyer for German Group
ProSiebenSat.1 said that its owners did not find any potential buyer for Der Spiegel, a German commercial broadcaster.
Mobileye Raises US$1.5 Billion From Investors
Mobileye announced raised US$1.5 billion worth of funds from 5 investors. Mobileye announced that they were able to raise funds from five investors worth US$1.
Latest News
The Adveo Group is studying acquisition prospects in the Latin America and Eastern Europe markets Adveo Group International SA (ADV) announced that they are studying acquisitions to enter the fast growing markets of Eastern Europe and Latin America.
Smartphone app developer Shazam received US$40 million worth of investment from billionaire Carlos Slim.
Vivendi explored other options to get cash from its Activision Blizzard arm after failed sale of a part of its 61% stake in the US video games business.
Mobileye NV said on Sunday that it had raise money from five investors valuing its equity to US$1.5 billion.
Wal-Mart’s expansion to India was stalled after stating that the company needs around 12 to 18 months before it can open its first retail outlet in the country.
BP PLC and Royal Dutch Shell opted to hold funds for four current investments Royal Dutch Shell and BP PLC halted funds for four separate investments, executives at BP and Royal Dutch Shell said in interviews.
On Sunday, Greek and EU officials said that Greece is likely to reach a deal with foreign lenders regarding its bailout review.
DVK Group partners with a Qatari royal to establish a Shariah compliant investment fund for women business leaders.
Gulf Marine Services receives loan facility worth UAE1.32 billion or US$360 million. On Sunday, the Abu Dhabi Islamic Bank had closed a syndicated Islamic loan facility valued at UAE1.
