The U.S. private equity investor FLAG Capital Management announced today that it will acquire Hong Kong-based Squadron Capital, which manages $1.5 million in assets, PRNewswire reported. Its acquisition of the private equity firm will give FLAG a presence in Asia, increasing its total assets under management to $6 billion.
North America
German Bank to Relocate $36 Billion Worth of Gold Back its Own Vaults By 2020
Germany's central bank is set to bring back 700 tons of gold worth $36 billion stashed in United States and France.
Elephant Talk Is Set to Acquire 100 percent Assets of Telnicity
Elephant Talk Communication, Corp., is set to acquire 100 percent assets of Telnicity LLC; a U.S.-based MVNE/MVNO Enabler Company from Oklahoma for approximately $1 million.
U.S. To Become Energy Self-Sufficient By 2030?
A study by UK-based Energy Company; British Petroleum Global reveals that U.S. will become 99 percent energy self-sufficient by 2030.
‘Flu Near You’ Website/App Tracks Down Flu Outbreaks Across The Country
New technology has been developed by Boston Children's Hospital epidemiologist John Brownstein to effectively track US flu outbreak in the country.
Latest News
The New York Times reported that an "ambitious three-step plan" to side-step the economy's looming "Fiscal Cliff" on Jan. 1 has garnered bipartisan support according to lawmakers and aids.
Reuters) - A polarized Washington that cannot find a way around the looming "fiscal cliff" is compounding economic uncertainty, freezing business investment and threatening growth, the IMF's No. 2 official and its top-ranking American said on Monday.
(Reuters) U.S. manufacturing ended its worst quarter in three years in September as foreign demand for U.S. goods fell sharply, an industry survey showed on Monday.
The Obama administration has been ratcheting up its participation in the private equity market. The Obama administration has been ratcheting up its participation in the private equity market - even as Republican presidential candidate Mitt Romney comes under criticism for his private equity record at Bain Capital.
Private equity fund Carlyle Group (CG.O) is in talks with banks to refinance A$1.9 billion ($1.9 billion) in loans used to buy out Australian equipment hire company Coates Hire Ltd.
A planned cash injection into French set-top box maker Technicolor SA (TCH.PA) hit a snag on Monday as the group said it had rejected a higher offer from an investment fund.
Blackstone Group has raised its exposure to former Citadel trader Nick Taylor by putting up another $50 million to co-invest with his Asia-focused hedge fund.
US Airways Group and private equity firm TPG Capital may team up to bid for American Airlines' parent, AMR Corp.
U.S. tax regulators are preparing for a potential tax hike on profits earned by private equity managers .
