Sweden sells off the remaining shareholdings in Nordea Bank. Sweden has sold the remaining half of its stake in the biggest bank in the region, Nordea, The sale netted US$3.

Fairfax increases its shareholdings to 42% in Eurobank. Fairfax Financial Holdings would be raising its shareholdings in Eurobank Properties, the real estate firmn from Greece.

SoftBank is nearing the completion of the acquisition of the Sprint Nextel deal. SoftBank Corp of Japan had completed another step in its current bid to acquire Sprint Nextel Corp, the US wireless provider.

The Austrian construction group Alpine Bau claims insolvency, and stands to be the largest ever in Austrian history.

The Belgian regulatory authorities have imposed fines on former CEOs and insurer of Fortis because of delayed information or incorrect information dissemination.

Many hedge fund managers fear extension of Eurozone debt crisis as well as local bank issues hovering over the financial markets.

Russia is determined to sell its interest in private enterprises and one of them is their 53% interest in Rostelecom.

DP World, because of favorable market terms, was able to extend its revolving credit facility. (Photo : Reuters)The image is the signage infront of the DP Head Office.

ThousandEyes acquired $5.5 million in Series A funding led by Sequoia Capital. ThousandEyes, a San Francisco, California-based information and technology performance management provider, announced on Wednesday that it has successfully acquired $5.

Nextt, a new social networking app, said it has raised $700,000 in funding. New social networking platform Nextt announced on Wednesday that it has raised $700,000 worth of seed funds.