US President Barack Obama directed government lawyers to find an immediate way to resume payments for the families of killed soldiers in Afghanistan, said a Reuters report.
Finance/Venture
CORRECTED: Peabody Energy Corp forms agreement for retiree health care
Peabody Energy Corp had finalized an agreement for bankrupt Peabody retiree health care benefits. CORRECTION: Removes reference that Patriot Coal is a subsidiary of Peabody Energy.
Monte Paschi will implement shareholder option to raise capital - CEO
Chief executive Fabrizio Viola of Banca Monte dei Paschi di Siena SpA had told reporters on Thursday that the bank would be increasing its capital via shareholder options.
Kopernik Global Investors receives debt and investment from Jeffrey Vinik
Former Vinik Asset Management colleague opens Kopernik Global Investors through seed capital from former boss Jeffrey Vinik.
IMF warns of banking defaults in three EU countries
After its review under the Global Financial Stability Report study, Italy, Spain and Portugal stand to be financially distressed because of their exposure to possible loan defaults from corporations.
Latest News
Barclays Plc promoted investment banker John Miller as head of banking for the Americas division of the bank, according to an internal memo seen by Reuters.
KKR & Co LP, a US private equity fund, had acquired a substantial minority stake in Weststar Aviation valued USD200 billion, said a Reuters report.
Former Blackstone Group unit Stonepeak Infrastructure Partners raised an oversubscribed fund totalling USD1.65 billion.
The largest insurance firm of Austria is set to sell off nearly USD 1 billion worth of new shares to fund its Eastern European expansion.
About GBP40 million was invested into Oxford Nanopore Technologies by new and old investors for the expansion of sales and manufacturing capacity of the company.
In an oversubscribed funding round, Stonepeak Infrastructure Partners raised USD 1.65 billion in capital commitments for its first fund.
In a bid worth AUD1.5 billion, Westpac stands to acquire the asset finance and commercial lending units of Lloyds Banking Group in Australia.
A report from The New York Times' The DealBook said the US government would stand to lose billions of dollars in lost tax revenues should corporate inversion continue.
New venture fund received GBP37.5 million in investment commitments from public and private investors, including the UK government, to boost the tech industry in the nation.
