If the US fails to pass legislation to increase the debt limit, then the global economic system would be tremendously affected.
Finance/Venture
Citigroup, State Street puts measures in place for potential US government debt default- report
A Wall Street Journal report said that Citigroup and State Street were already preparing for a possible debt default by the US government.
KKR helps First Data refinance with USD 300 million investment
Private equity firm KKR injected USD 300 million to First Data's balance sheets to help it refinance its debt.
JPMorgan would issue two year notes for the first time since January 2010
JPMorgan had valued notes at USD0.95 to the dollar, to be offered for the first time since January 2010.
European stocks fluctuate amidst US economic uncertainty
Stock markets in Europe fluctuated wildly amidst the uncertainty of the US finalizing budgets for its debt servicing and other governmental services.
Latest News
Frontier Beverage Company Inc announced today that it had completed its acquisition of holding company 22 Social Club Productions Inc and its subsidiaries Blue 22 Entertainment and AppQwest LLC
Hannam & Partners hires Tim Hoare to provide expertise in the natural resources market. Hannam and Partners is an advisory firm established by former JPMorgan Chase & Co banker Ian Hannam.
A flurry of pension fund buyouts was projected to happen in the next succeeding years, according to industry analysts.
Philippines' Robinsons Retail Holdings Inc. had decided to cut its public offering debut price by up to a third, said a report from Reuters.
Danske Bank dismissed its Head of Treasury Steen Blaafalk. According to a Bloomberg report, Danish lender Danske Bank had fired its Head of Treasury Steen Blaafalk.
US Senators were still in negotiations regarding an agreement to reach a fiscal On Sunday, US Senate negotiations to end the fiscal crisis of the country showed signs of progress.
TCS Group priced the IPO of Tinkoff Credit Systems from USD 14 million to USD 17.50 for every global depositary receipt.
Chinese tycoon Tong Jinquan would be purchasing SGD 200 million shares in Viva Industrial's SGD 375 million Singapore IPO.
The new fund of private equity firm Cudos Capital, which is co-founded by former Austrian chancellor Alfred Gusenbauer, would seek to raise EUR150 million.
