Finance/Venture
US budget impasse, Italy crisis test recovery of global economy
The budget deadlock in the US and the political crisis in Italy could test the growth of the global economy.
Asian creditors least of America's worries- analysts
Asian creditors may be the least of the worries of the US government even if the US Congress would fail to raise its debt ceiling.
MongoDB secures USD 50 million in financing
MongoDB announced that it was able to score USD 150 million in financing from various investors. Data management firm MongoDB said it was able to raise USD 150 million in capital commitments from its latest financing round.
TPG to invest in Manappuram Finance
US buyout firm TPG had opened discussions with Manappuram Finance for a possible minority shareholdings.
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Barclays Plc (BARC) said in a statement that it had managed to sell around GBP472 million or USD761 million worth of rights issue stock.
Tarkett filed an IPO to be listed on the NYSE Euronext Exchange. Paris-based floor maker Tarkett filed for an initial public offering yesterday to sell shares on the NYSE Euronext Exchange.
ZCCM Holdings said it would be offering stock for sale to existing stakeholders to help pay off debt and fund new investments.
Travellers International Hotel Group would be reducing the price of its IPO from PHP 23.38 per share to PHP 11.88.
SAC Capital Advisors, led by billionaire Steve A. Cohen, had been in discussion with potential buyers to sell its reinsurance business, according to sources.
Solar Senior Capital had announced its acquisition of Gemino Healthcare Finance following a definitive agreement last September 30, 2013.
Hudson Insurance Group announced today its acquisition of the Surety Team from American Safety Insurance Holdings Ltd.
The Chairman and CEO of Berkshire Hathaway Warren Buffett had called out the Republicans for their tactics that caused the current impasse.
In an interview fresh from its acquisition of Investors Capital Holdings Ltd, RCS Capital Corp Executive Chairman of the Board Nicholas Schorsch said his company would still be on the lookout for more potential buyouts.
Investment advisor Jemstep said it was able to add USD 4.5 million for its Series A follow-up round.