IVCPOST Staff Reporter

Sawiris says Ottawa policy risks foreign investment

Egyptian telecoms magnate Naguib Sawirirs said that the unclear telecommunications policy in Canada would jeopardize foreign investment.

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Boral's shares surge after announcing joint venture

The shares of Australian building materials maker Boral Ltd had surged after the announcement of a joint venture with US peer USG Corp valued at USD1.6 billion.

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PDVSA and Repsol in talks for Venezual venture funding

State oil company PDVSA and Spain's Repsol had been in talks regarding a venture funding in Venezuela, said a report from Reuters.

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Boral and USG Corp announces joint venture

Australia's Boral Ltd and US peer USG Corp had announced a joint venture which would be equally owned by 50% of each company, said the companies in a statement.

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Rice Energy prepares for IPO

Family owned natural gas exploration and production firm Rice Energy had been preparing for an IPO to be launched early 2014, said sources that were familiar with the matter.

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Richemont's Lancel receives bid from Change Capital

Swiss luxury group Richemont received a non-binding offer from Change Capital Partners for its leather goods maker Lancel, said sources who were close to the matter.

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Royal Mail staff voted to go on strike after company's IPO

The staff of Royal Mail Group Ltd. had voted to go on strike after less than a week the company had launched its IPO, claiming the public debut would put jobs at risk in the company.

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Deutsche Bank's Dixon to leave bank

Deutsche Bank trader Troy Dixon was said to leave the bank and start his own hedge fund, according to sources who asked not to be identified as the matter was held private in nature.

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Knight Capital agrees to settle 2012 errors with USD12 million

Knight Capital Americas LLC had agreed to pay USD12 million with US Securities and Exchange Commission for an erroneous trading incurred last August 2012 which brought the company to the brink of bankruptcy.

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Ziggo rejects Liberty Global's preliminary offer

Dutch cable company Ziggo had rejected the preliminary takeover offer from Liberty Global Plc saying that the bid was inadequate, reported Bloomberg.

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US Senators reach deal to end shutdown

The bipartisan leaders of the US Senate had finally agreed to end the partial shutdown of the United States and raise its borrowing authority, said a report from Bloomberg.

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JP Morgan to pay USD100 million to settle Whale trades charges

JP Morgan Chase & Co. had admitted wrongdoing and agreed to pay USD100 million settlement regarding the disastrous London Whale trade, said a report from Reuters.

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Renaissance announces the launch of ETF-focused IPO

Renaissance Capital had announced the launch of an exchanged-traded fund (ETF) IPO on the NYSE Arca Exchange.

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GE Money Bank sale values company up to USD1.67 billion

The sale of GE Money Bank was a move from General Electric to retreat from the finance sector that would value the company up toCHF1.53 billion, said a report from Reuters.

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Naivas ends talks with Wal-Mart

Kenyan retailer Naivas said that it had ended its talks with Massmart, a Wal-Mart Stores Inc. subsidiary in East Africa.

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