financials

Growth market investor Abraaj sells HFC Bank stake

The Abraaj Group exits its HFC Bank investment after signing an agreement with Republic Bank Limited.

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JPMorgan, to sell physical trading acquisitions Bear Stearns, RBS Sempra

Holding company JPMorgan Chase & Co. plans to quit the physical commodity business by selling physical trading assets Bear Stearns and RBS Sempra.

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CYS rating downgraded, industry outlook bleak

The Bank of America downgraded its rating on financing firm CYS Investments.

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Dawn Capital Fund II raises US95$million

Dawn Capital's latest fund raised US$95.1 million.

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