Rio Tinto decided not to sell its diamonds arm with the company's CEO stating that the firm is well positioned to capitalize its unit on the positive market outlook.
Sectors
TA Associates Invests in Fractal Analytics
TA Associates announced acquisition of a minority stake in Fractal Analytics through a US$25 million investment.
Bank of Israel Names Jacob Frenkel as New Chief
Prof. Jacob A. Frenkel was named the new chief of the Bank of Israel replacing former bank governor Stanley Fischer.
Suntory Set to Price Up to US$4.8 Billion
Suntory Holdings Ltd's food and soft drinks unit was set to price on Monday hoping to raise as much as US$4.8 billion.
Kuwaiti Sheik Sues UBS in Dubai Court
Kuwaiti Sheik Meshal Jarah al-Sabah sued UBS AG in a Dubai court valuing the case at US$21.4 million.
Latest News
Sinopec Group of China agreed to buy Marathon Oil Corp's Angola offshore oil and gas field called Block 31 in a US$1.52 billion deal.
Two sources told Reuters on Sunday that Vodafone proposed a new bid for Kabel Deutschland early on Monday.
Lloyds Banking Group asked for a two year extension from the European Commission for the sale of its 631 branches.
KIPCO's pay TV unit OSN is preparing for an IPO. (Photo : Reuters)The image is OSN's corporate logo. Kuwait's largest investment firm in terms of assets, Kuwait Projects Co, announced last Saturday that it had engaged the services of Rothschild financial group to provide advice for an initial public offer of OSN, its pay television company.
Luxoft, the software development firm of the IBS Group, is preparing for an IPO in the New York Stock Exchange.
Barclays is under investigation by German tax authorities for possible tax evasion according to German newspaper.
CVC Capital Partners and Apax Partners LLP show promising results as one of the top buyout firms in Europe.
AIG's International Lease Finance Corp would do an IPO or sell of its assets to a Chinese group.
Rampant speculation on Fed Reserve actions have caused German, Italian and Spanish bonds to decline.
