According to sources who were familiar with the deliberations, Telecom Italia SpA obtained the services of Morgan Stanley to decide on the telecommunications company's divestment of its 7,000 tower lot in Brazil.
Sectors
Intuit partners with Capital One, Wells Fargo to provide access to customer financial data
The partnership of US software company and QuickBooks maker Intuit's partnership with banks Capital One and Wells Fargo for a loan facilitator program was a clear indication of companies turning into cloud computing and data analytics to improve their services, said an article published on the Financial Times.
Crowdfunders, P2P lenders squabble over online fundraising definition
UK Crowdfunding Association (UKCFA) Chair Julia Groves called out Christine Farnish of the Peer-to-Peer Finance Association regarding the latter's insistence that the Financial Conduct Authority's (FCA) definition of online crowdfunding was misleading.
Shore Capital unveils plans for new institutional-based fund next year, earns 67% IRR with Axela sale
Shore Capital Partners Managing Partner Justin Ishbia disclosed to Reuters' Private Equity (PE) Hub its plans to launch and institution-focused private equity fund next year.
UBS scales back its corporate advisory services in emerging markets
The Corporate Advisory Group of Swiss lender UBS, said three unnamed sources, will be scaling back its team in charge of providing corporate advisory and investment banking services to the ultra-rich in emerging markets including Asia and the Middle East.
Latest News
The European Bank for Reconstruction and Development latest EUR20 million capital infusion into the Baltic region through BaltCap Private Equity Fund II, L.P. aimed to help small and medium-sized businesses and small mid-cap firms with much-needed long-term financing.
BitPesa Chief Executive Officer Elizabeth Rossiello claimed that the startup will reduce money remittances transaction costs and its turnaround time, which will challenge major players Western Union and MoneyGram International Inc.
RSA Insurance Group's Irish unit Chief Philip Smith resigned as the internal probe conducted on the insurance firm's accounting practices continued. Smith reasoned that he was made as a fall guy.
An article on The Washington Post gave a list of seven apps that would reportedly help users get good deals and breeze through Black Friday shopping.
US oil major Exxon Mobil will sign over its 25% stake in Iraq's West Qurna1 oilfield project to China's largest energy company PetroChina. Exxon previously offered to sell its entire stake in the oilfield following a disagreement with Iraq's central government.
Chinese photovoltaic solar farm operator GoldPoly New Energy Holdings will be purchasing an 80% equity stake in solar farm projects for HKD 100 million or USD 12.9 million.
Because Japan's central bank absorbs JPY7 trillion worth of debt, primary dealers of Japanese government bonds are not concerned over plans of Government Pension Investment Fund to reduce its government debt holding.
The auction frenzy seen in Hong Kong's latest auctions by Christie's International Plc was not caught on in London, wherein seven of the 24 lots put up for sale did not attract bidders.
Student rental marketplace FlatClub raised USD1.5 million from angel investors and venture capitalists to build more transient rooms and apartments across the US and Europe.
