AXA sold EUR 350 million or USD 474 million in catastrophe bonds, the largest bond offering of the securities designed to protect insurers from the risk of payouts for extreme storm damage.
Sectors
Vivendi to buy US debt after Activision sale
Vivendi, a French mass media company, said it would acquire USD2.7 billion of its U.S. dollar-denominated debt after it received payment for its stake sale in Activision Blizzard.
Line IPO may value company at USD28 billion - report
South Korean communication app maker Line would stand to be valued at USD8 billion should it go public, according to information technology news site The Next Web.
Monte Paschi foundation in discussion to sell stake with Italian Treasury- sources
Monte dei Paschi foundation had been in discussions with the Italian Treasury regarding a stake sale deal, said sources in a Reuters report.
Reliance Mutual Fund reports sterling numbers for 2012 to 2013
The retail debt asset base of Reliance Mutual Fund grew 1.5 times its retail asset base between 2012 and 2013.
Latest News
Web company Nginx Inc closed its Series B financing round with USD 10 million in capital commitments.
According to a magazine report, Liberty Global had been planning a complete takeover of Dutch cable company Ziggo.
Vox Media would be raising USD40 million in investment funding to expand its editorial coverage by producing more video reports.
TPG Capital together with Ivanhoe Cambridge bought Europe-based P3. TPG Capital and Ivahoe Cambridge Inc of Montreal bought warehouse landlord P3 Plc from Arcapita Bank.
Stamos Capital Partbers reacquired its stakes from Merrill Lynch & Co and its two other partners. Stamos Capital Partners conducted a management buyout of the stakes held by its two partners and Merrill Lynch & Co.
Google has not yet unveiled the Nexus 5 smartphone, resulting to new speculations about the new smartphone release
A total of USD163 million in cash was placed on eight acquisitions Yahoo Inc made during the third quarter this year, according to its recent earnings report.
App revenues for Google Play Store still fell behind that of Apple's App Store, a report revealed.
A Telegraph report revealed the hidden features of Android smartphones. A report from UK newspaper The Telegraph revealed hidden features of Android smartphones.
