New Italian PM Enrico Letta seeks to block the intent of Air France-KLM to increase its shareholdings in Alitalia.
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Petition to CLB on Positiv TV dispute expands
Naveen Jindal is the latest personality included in the ownership dispute of Positiv TV. Congress Member of Parliament and Industrialist Naveen Jindal was recently included in an ownership dispute between the shareholders of Positiv TV.
Currency swap between South Korea and UAE finalized
The Bank of Korea recently announced a USD5.4 billion currency swap deal with the United Arab Emirates for a period of three years.
Japan studies private sector management of foreign exchange funds
Japan, stretched to the limit because of the increase in foreign exchange funds, is studying to have the private sector manage the funds.
Trevena to do IPO
Trevena, whose pharmaceutical products are on the clinical study stage, would conduct an IPO through prospectus dissemination.
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VTB would sell off its shareholdings in Rosbank to Societe Generale and Societe Generale would sell some Russian assets to VTB.
Dubai is being eyed for a USD150 billion investment push from Asian institutional investors. Institutional investors from all over Asia had placed the Dubai market in its crosshairs as a place to invest nearly USD150 billion.
