The Export-Import Bank of the U.S. has sanctioned a $155.4 million direct loan to the Republic of Ghana to finance the design and construction of a hospital in Accra, Ghana.
Regions
TransForce Inc. to Acquire Velocity Express for $35 million?
A Montreal-based transportation and logistics company, TransForce Inc., is set to acquire Texas-based Velocity Express and its subsidiaries for approximately $35 million.
Foreign Companies Beneficiaries of One-Quarter U.S. Stimulus Fund
A report submitted by the U.S. House of Representatives Committee on Energy and Commerce found out that U.S. subsidiaries of foreign corporations have received around one-quarter of $16 billion from Section 1603 grant program.
Douglas Webb & Associates to Serve as Holding Company for CSi Complete and TenPoint Insurance Solutions' Merger
CSi Complete, a provider of credible service and call center services to the automotive and insurance industries has merged with TenPoint Insurance Solutions.
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.
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Leading researchers from academia will soon be part of a $120 million Department of Energy initiative to help develop solutions for producing more ‘rare earth materials’ in the country for lesser dependence on foreign sources.
Mercedes-Benz expects to lose its lead in the U.S. luxury market to German rival BMW, which is expected to be aggressive in its incentive strategy this month.
Japanese conglomerates Mitsubishi Heavy Industries and Hitachi Ltd have decided to merge their thermal power businesses to take a vantage position in the domestic fossil-fuel power business.
The general economic buoyancy in South-east Asian countries coupled with steady credit growth has perceptibly increased global investor interest in leading banks operating in the region.
Even as the British Government lays the ground for its upcoming Energy Bill that will principally aim to promote a low-carbon energy economy in the country, Japanese energy and engineering major Hitachi has completed the acquisition of Britain's Horizon nuclear project.
Russia's largest oil company Rosneft is all set to buy a 50% stake in TNK-BP from BP for a total consideration of about 55 billion.
Singapore-based Overseas Union Enterprise (OUE) has made a record $12.7 billion bid for Fraser & Neave, a leading Pan-Asian consumer group with major interests in food & beverage (F&B), property, publishing and printing businesses.
Economic slowdown in China accompanied by new M&A-friendly regulatory norms have encouraged China-focused private equity firm FountainVest Partners to raise a second fund with the primary objective of making fresh acquisitions.
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.
