Currency risk is based on currency fluctuations of one currency as against another. In a nutshell, currency risk is a kind of risk that stems from the changes in the valuation of currency exchanges.
Sectors
Baxter Gains Conditional Approval to Purchase Gambro
Baxter International wins approval of EU after divesting of CCRT. Dialysis products specialist Baxter International Inc. (BAX) earned conditional approval to purchase Sweden-based competitor Gambro AB from the European Union.
Haniel Hires JPMorgan to Advise on Sale of Celesio Stake
Haniel & Cie GmbH hires JPMorgan to decide on sale of Celesio stake. Holding company Franz Haniel & Cie GmbH has acquired the services of JPMorgan Chase & Co.
Discount, Koor shares rise to highest number since May 2012
Discount and Koor shares rise to highest number in 14 months. Discount Investment Corp. (DISI) shares rose 8. 3 percent to 17. 29 shekels, resulting the highest value since May 2012.
Telefonica Deutschland Revives Acquisition Talks with KPN
Telefonica revives talks with KPN to acquire E-Plus mobile business. Spanish telecommunications company Telefonica SA (TEF) has restarted negotiations with Royal KPN NV to acquire German mobile-phone business.
Latest News
CFTC releases a decision penalizing Panther Energy LLC for its illegal activities done through spoofing.
Activist hedge fund Third Point LLC decided to sell back 40 million worth of shares to Yahoo Inc. On Monday, Third Point LLC, an activist hedge fund, agreed to sell 40 million worth of shares in Yahoo back to the internet company.
Pharmaceutical giants Pfizer, AstraZeneca and Novartis are among those to propose bids for Onyx Pharmaceuticals.
Yahoo has purchased 40 million shares owned by Third Point at US$29.11 per share. Third Point LLC, the firm headed by Dan Loeb, was at the forefront in the change of Yahoo's board a couple of years back.
Hasbro Games remakes classic games and gains 19 percent increase in sales. World-famous toymaker Hasbro Inc. (HAS) is showing promising results in the sales of its games through iPad.
Beacon Equity Partners relinquishes its ownership over IP software Anaqua Inc in favor of Insight Venture Partners.
Clinicient gets USS $2.5 million investment from SaaS Capital to fund its product development and research including sales and market boost.
Creme Mel Sorvetes, mid-est Brazil's largest ice cream producer and distributor, gets investment from HIG Capital.
TriGate Property Partners closes at US $324.2 million; beyond its US $300 million target. Park Madison Partners, a real estate advisory firm, oversubscribed from its target fund raise of US $300 million for the closing of TriGate Property Partners.
