According to two business newspaper, the Belgian government had been considering to sell some of its 10.3% stake in BNP Paribas to reduce the country's debt.
Finance/Venture
Swiss investor confidence increases- survey
Investor sentiment improved in Switzerland for September, a new survey revealed. Investor confidence in Switzerland increased in September. Germany-based ZEW Center for European Economic Research and Credit Suisse Group based in Zurich revealed investor and analyst expectations rose to 16.
Hungary files to sell bonds in the US
Hungary applied for permission to sell bonds in the US market. The European Union's most heavily indebted member nation had filed with the US regulatory authorities for the issuance of USD5 billion worth of bonds.
Analysts expect US Federal Reserve to be cautious with tapering-report
A Reuters report expected the US Federal Reserve tapering to be cautious. According to a Reuters report, expectations were rife that the US Federal Reserve would be cautious about the tapering of its stimulus package.
Julius Baer Brazil plans offices outside Sao Paulo, Rio de Janeiro
The Brazilian unit of Julius Baer Group would be opening offices outside the main centers of Sao Paulo and Rio de Janeiro.
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Poplar Partners announced today that it had started its search for possible acquisitions in companies that have annual cash flows between USD1.5 and USD7 million.
According to a source, Bank of America would appoint Alexandre Bettamio to its Latin America investment unit in Brazil.
According to a report by Reuters, sources said that Hilton Worldwide came up with its pricing terms on its USD5.85 billion refinancing credit that would be used to finance debt that would arise from its public offer.
Mediobanca, one of the shareholders in Telco SpA who is the majority shareholder in Telecom Italia SpA, announced the cut in its stake in the holdings company, lowering the value of the shares of the telecommunications firm.
The Board of Directors of Microsoft Corp approved a new share repurchase program worth USD 40 billion.
The Royal Bank of Scotland Group could face more lawsuits stemming from the share offering it conducted in 2008 that caused investors to lose money.
According to the Ministry of Commerce, China's utilized FDI increased by 6.37% for the first eight months of the year.
The Children's Investment Fund proposed to the European Aeronautic, Defence & Space Co to distribute its Dassault Aviaton stake to its shareholders.
A settlement was reached between a consortium of banks and liquidators over the current legal dispute over the collapse of the Bell Group of Australia.
