Kenya announced places to create sovereign wealth fund for mining companies and mining ventures. Kenya announced it will form a state-owned holdings firm that will hold shares in the mining industry.
Legal & Regulatory
India plans overseas debt sale to aid rupee
India’s government held a meeting today with as many as eight banks as it weighed its options to sell the country’s debt abroad.
FTC reviews Tenet's acquisition of Emanuel Medical Center
The FTC reviewed Tenet's acquisition of Emanuel Medical Center. The Federal Trade Commission (FTC) was reviewing the acquisition of Emanuel Medical Center by Tenet Healthcare.
ADM gets clearance for GrainCorp acquisition
Today, ADM was notified of an approved clearance by the South African Competition for its proposed acquisition of GrainCorp Limited.
Bill to separate traditional and investment banking to be reintroduced
US senators have announced a plan to reintroduce Glass-Steagall Act. U. S. Senator Elizabeth Warren, a Massachusetts Democrat, reported she and a team of lawmakers are introducing a bill geared at a revived Glass-Steagall Act.
Latest News
On Wednesday, US Senators questioned the head of Smithfield Foods Inc as they looked for answers over the proposed sale of the company to China’s Shuanghui International.
Last Wednesday, US regulators lifted a long time ban on advertising by hedge funds and other firms. On Wednesday, US regulators lifted an 80 year old ban on advertising by hedge funds, private equity firms and other companies.
In order to manage a currency crisis, selling off foreign currency to mop up local currency averts a long term crisis.
The People's Bank of China has released notice to require banks and companies to use the yuan in their international transactions.
TECO Energy Inc filed an approval application of its acquisition of the New Mexico Gas Co that was priced at US$950 million.
Heidi Poon was hired as TorreyCove's new vice president. TorreyCove Capital Partners, a multinational private equity firm and real assets investment consultancy company, announced today that it hired Heidi Poon for the position of vice president.
China announced handing over audit documents of Chinese firms listed on the US stock exchanges to the United States regulators.
The absence of clear labor policies would prompt Fiat to move the production of Alfa Romeo outside of Italy.
After conducting reviews, JPMorgan found out that it had made about 9% mistakes in more than 1000 lawsuits filed against non-payment of its credit card holders.
