U.S. could run out of cash in March under debt ceiling - CBO

The United States could start missing payments on its obligations some time between March and June if lawmakers don't raise a legal limit on borrowing by early February, congressional analysts said on Wednesday.


CHINESE RAW MILK PRODUCER YUANSHENGTAI TO RAISE ABOUT $425 MLN IN HONG KONG IPO

YuanShengTai Dairy Farm, China's fourth biggest raw milk producer, has priced its Hong Kong initial public offering (IPO) at HK$2.70 per share, below the mid-point of expectations, IFR reported.

Silver Lake hires banks for Mercury Payment IPO-sources

Private equity firm Silver Lake has hired JPMorgan Chase & Co, Barclays Plc and Morgan Stanley to lead a potential initial public offering of Mercury Payment Systems LLC, according to people familiar with the matter.

SIRIUS FINANCIAL SERVICES ACQUIRES FARMICA AFRICA

Sirius Financial Services, Inc. acquired a new subsidiary, Farmica Africa, a producer of Lemon grass based products including tea, soap, an energy drink, insect repellant and essential oil.


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Telecom Italia expects to conclude the sale and lease back of its mobile towers in Italy and Brazil next year, its chief executive said on Wednesday, along with a separate sale of some digital broadcasting assets.
The consolidation of US Bancorp Fund Services and Quintillion Limited would allow the former to expand its operations in Europe via its new strategic headquarters in Dublin.
Intuit Inc. said today that it will acquire workers' compensation payment solutions provider prestwick services. It said it signed a definitive agreement to acquire privately held prestwick services, a subsidiary of Prestwick Holdings
The USD15 million in new investment Apartment List managed to raised in its recently-concluded Series A financing would go towards the efforts of making the platform more friendly to apartment renters.
Counterpoint Asian Macro Fund is a new macro fund established through a venture between former HSBC Holdings Plc economist Geoff Barker and City Financial Investment Co.
Three unnamed sources told Bloomberg that Deutsche Telekom AG was approaching to close the sale of its digital-classifieds business Scout24 Holding to Hellman & Friedman LLC for EUR2 billion or USD2.7 billion, including debt.
Roark Capital emerged victorious over rival bidders TriArtisan Capital Partners and Pamplona Capital Management to acquire restaurant group CKE Inc, which is the parent company of fast food chains Hardees and Carl's Jr.
The real estate loan portfolio GE Capital Real Estate acquired from Deutsche Postbank contained commercial property loans that had been backed against prime real estate located in central London, France and Germany.
The potential sale of the indices platform of Barclays, which includes the Barclays US Aggregate Bond Index, came at the heels of an approach by MSCI, an equity index provider, to acquire the index business.
Prior to meeting with UK's Members of the Parliament regarding claims that Royal Mail's shares in its initial public offering were undervalued, UBS issued a note to investors saying that they need to divest their shares in the postal service.