Chinese investments through IADB show Chinese interest in the regional market. China will be investing in the Interamerican Development Bank's projects in Latin America and the Caribbean.
Regions
Stifel Acquires Knight's Fixed Income and Trading Business
Stilfel acquires Knight Capital's fixed income sales and trading team. Stifel Financial Corp announced it is acquiring Knight Capital Group. The St Louis based brokerage firm would be acquiring the fixed income sales and trading team of Knight, comprising one hundred individual employees.
Viko Hires Credit Suisse for Sale
Viko contemplates sale and hires Credit Suisse for assistance. Viko, the family owned electric appliances manufacturer from Turkey, has hired Credit Suisse to sell the company for a price tag between US$500 million to US$1 billion.
Avis Budget Completes Acquisition of Zipcar Inc.
Avis-Zipcar acquisition gets regulatory approvals in US and UK. The purchase of Avis Budget Group Inc of Zipcar Inc was successfully concluded. Avis Budget has fruitfully completed the requirements needed to comply with the U.
DropBox to Acquire Start Up Firm
Dropbox purchases app maker Mailbox for an undisclosed amount. Leading online file storage technology firm Dropbox Inc announced that it would purchase the start up firm behind Mailbox, the hottest email management application in the market today.
Latest News
Impregilo's shares would not be delisted, according to Salini CEO. Salini, the famed builder of Italy, is not planning to delist Impregilo should their takeover plans of the company be a success.
Ackman's investors seeking clarifications on investments in JC Penney and Herbalife. Two of the institutional investors comprising William Ackman's US$12 billion hedge fund are planning to ask more information on the investment made in beleaguered retailer JC Penney.
Italian bank UniCredit to sell off Kazakh bank ATF. Italy's largest bank by assets, UniCredit is on the verge of announcing the sale of ATF Bank. ATF Bank is its Kazakhstan unit and the sale was confirmed by three sources who spoke on condition of anonymity.
Ameren to sell merchant generation business to Dynegy. Ameren Corp, the American power company, will be selling off its merchant generation business to Dyegen Inc.
AT&T puts to rest speculations on the sale of its non-core assets. AT&T announced last Thursday that it would be selling off its non-core assets in order to gain additional financial flexibility.
Hostess brand Drake's to be bought by McKee Foods. Bankrupt snack cake icon Hostess Brands Inc announced that its Drake's snack cake subsidiary would be purchased by McKee Foods Corp.
DirecTV withdraws from race to buy Vivendi's GVT. The largest American satellite television provider, DirecTV, has ended its chase of Vivendi's GVT.
Morgan Stanley passes Fed test for JV purchase. Morgan Stanley is now nearing the completion of its acquisition of the rest of its wealth management joint venture after completing its testing with the US Federal Reserve.
Malaysia's Khazanah bids for GE shareholdings in Ayudhya Bank of Thailand. Malaysia's state sovereign fund Khazanah Nasional Bhd had offered to purchase General Electric's stake in Bank of Ayudhya.
