Qatari investors set to purchase Printemps in full. Official documents seen by Reuters indicate that a Qatari consortium is set to do a full purchase of the French retailer Printemps.
Sectors
Noted Names Make Bids for Three Fashion Lines
Names such as the Carlyle Group, KKR and the Moulin family are bidding for the controlling stake in Maje, Sancro and Claudi Pierlot.
Appellate Arguments Heard on Argentine Default Bond Case
The Appellate Court of New York heard the arguments on the proposal of Argentina to provide a mixture of cash and bonds to pay off bondholders.
Depositors to Lose 60% of Value in Cyprus
In a harsh condition, nearly 60% of the value of deposits above Eur100,000 would be lost in the bailout package.
SAC Capital Advisors Exec Arrested
Michael Steinberg is the highest ranking SAC executive to be arrested for insider trading. Michael Steinberg, portfolio manager at SAC was charged with insider trading by US prosecutors.
Latest News
Fund manager of BlackRock China forecasts futures for investors. According to a fund manager at BlackRock, China's industrial stocks provide good investment opportunities on select markets, such as steel mills to cement producers.
Pension funds, seeking returns for their holders, enter into riskier ventures that can make or break them.
Reuters, using data from the Commodity Futures Trading Commision, showed funds holding positions for the long term on commodities.
Reuters has reported that gold backed exchange traded products have declined in the past few months.
CalPERS changed its portfolio from Dec 2012 to Jan 2013, focusing on bonds instead of commodities. CalPERS or the California Public Employees' Retirement System has decreased its investments in commodities futures at the start of 2013.
A poll of Japan based managers indicated that allocations have increased in both shares and bonds but decreased in cash.
At the height of the Cyprus bailout drama, investors sought safety in bonds for the meantime. According to monthly poll conducted by Reuters of asset managers, global investors grew ever more cautious this month.
The Chesapeake Energy Board picks COO Dixon as interim CEO. Chesapeake Energy Corp chose COO Steve Dixon to become its acting CEO after co-founder Aubrey K.
Through a proxy statement, Silver Lake and Michael Dell extolled the virtues of their bid as against the offers of Icahn and Blackstone.
