Reserve Primary Fund lawsuit reaches settlement worth USD 54.5 million

Bruce Bent and the Reserve Primary Fund management agreed to settle with their shareholders for USD 54.5 million.


Nigeria's Dangote plans to build USD 400 million cement plant in Kenya- Kenyatta

President Uhuru Kenyatta's office said Africa's richest man Aliko Dangote would invest in a USD 400 million cement factory in Kenya.

Maker Studios' acquisition of video platform Blip now official

Youtube network firm Maker Studios announced its official acquisition of Blip for an undisclosed amount.

Kazakhstan agrees on 8.33% stake sale of oil field to China- sources

Kazakh government sources told Reuters that the country had agreed to sell 8.33% of its stake in the Kashagan oil field to China.


Latest News

Local and foreign oil firms in Iraq would be keeping low profiles as tensions regarding a possible Syria strike retaliation looms over Iraq.
Court papers released to the public on Friday indicated that Bank of American Corp. and Merrill Lynch & Co. would be settling on its gender bias lawsuit filed on behalf by its female brokers for USD39 million.
Malkin Holdings, who manages the Empire State Building and its investors, to proceed with an initial public offering (IPO) of the building into a real estate investment trust (REIT).
U.S. District Judge Denise Cote would be exposing new restrictions on its ebook retail unit and will appoint an external monitor to oversee Apple would not be violating antitrust laws.
The buyout of Onyx Pharmaceuticals was tainted with conflicts of interest and undervaluation, according to its shareholders.
Harman International Industries Inc CEO Dinesh Paliwal said that the European market is improving as two of its largest automakers have reported healthy profits for the second quarter of 2013.
There are many options available to Telecom Italia, but there are specifics being searched for, according to its Chairman Franco Bernabe.
Startup firm BoostCTR had announced it had raised USD8 million in Series B funding and hired a new CTO for the firm.
WestView Capital Partners had wrapped up a total of USD430 million which sources referred to as an oversubscribed fund.
Keval Shah had announced resignation from the company as its co-head of FIG syndicate and would take a post at Lloyds Bank.