Standard & Poor's downgraded France's credit rating from AA+ to AA, citing President Francois Hollande's ineffective growth policies.
Finance/Venture
Investors diverge on future of JCPenney
Depending on their risk interpretation of the current debt situation of JCPenney under new CEO Mike Ullman.
Royal Bank of Scotland to pay SEC USD153.7 M
The Royal Bank of Scotland entered into a settlement with the Securities and Exchange Commission amounting to USD153.7 million.
Crestview seeks USD4 billion for third fund
Crestview Partners started its fundraising efforts for USD3 billion for its third middle market fund.
UBS AG to pay back Swiss National Bank for bailout fund value
The Stability Fund was created as part of the bailout package of UBS AG and now, it was time for the bank to pay back the fund under a given formula.
Latest News
The following bids, mergers, acquisitions and disposals were reported on Friday. The following bids, mergers, acquisitions and disposals were reported on Friday:- Healthcare conglomerate Danaher Corp has teamed up with Blackstone Group LP BX.
Johannesburg-based Standard Bank said it would be selling its London-based trading unit to a yet-unconfirmed buyer.
Estonia revealed its plan to raise a new fund of EUR60 million for the development of a second Skype.
A total of USD6 million in capital was provided by Guggenheim Partners for CardCash for growth financing purposes.
The maiden fund of India's Kedaara Capital had reached a total amount of USD540 million. Kedaara Capital of India, which was co-founded by the former head for India of Singapore's Temasek Holdings, recently announced the accumulation of USD540 million for its maiden fund.
Under US GAAP rules, a twice over value increase per share between the third quarters of 2012 and 2013 for Apollo Global Management LLC.
Artiman Ventures unusual investment strategy has been successful as it provides seed investment fund for firms.
China Cinda Asset Management would be listing its shares in Hong Kong with a projected share volume sale of USD2 billion.
The credit card business unit of Dubai Group was acquired by First Gulf Bank. CORRECTION: Corrections made on acquisition parties. First Gulf Bank, which is based in Abu Dhabi, announced the finalization of its acquisition of Dubai First.
