The BRICS Group had announced USD100 billion to a fighting fund after it wanted to make the current markets steady.
Finance/Venture
Azimut signs Brazilian joint venture agreement with Legan Administracao de Recursos
Italian investment company Azimut inked a joint venture partnership for Brazil with Legan Administracao de Recursos.
US municipal bonds still register more outflows than inflows
According to a recent Lipper report, there have been fifteen weeks of outflows recorded for 2013. There is a continuous decline in the outflows from US municipal bonds, with numbers dropping below USD1.
FNB Capital Partners to invest in firms
FNB Capital Partners would focus on investing in mezzanine debt, private equity, subordinated notes and other financial instruments.
American Family Insurance purchases Homesite Group Inc
Traditional insurer American Family Insurance buys out online insurance provider Homesite Group Inc for USD616 million.
Latest News
Hamilton Lane raised USD 900 million for its third secondary fund Hamilton Lane Secondary Fund III. Private equity asset management company Hamilton Lane announced the success of its Hamilton Lane Secondary Fund III with USD 900 million in capital commitments.
Osram Licht AG, RTL Group and Evonik Industries would be moved to the MDAX of the Frankfurt bourse. Three major German firms would be added to the country's mid-cap index MDAX after their stocks were floated in the Frankfurt Stock Exchange in the earlier part of the year.
South African financial services group Sanlam said it was scouring Southeast Asia to invest in a life insurer.
Prominent exchange-traded funds (ETF) market desk keeper Reggie Browne and at least two senior managers would be leaving KCG Holdings Inc.
Goldman Sachs Group Inc. co-heads Richard Gnodde, David Solomon and John Weinberg announced the appointment of Stuart Berstein as head of the investment banking firm's venture capital client group.
Arthur J. Gallagher & Co. announced acquisition of Giles Group of Companies for GBP237 million. Arthur J. Gallagher & Co. had agreed to purchase Giles Group of Companies for GBP237 million.
The Canadian Imperial Bank of Commerce said that it had been seeking CAD1 billion wealth management acquisitions as it tried to boost profit.
HSBC Holdings had appointed former Marks & Spencer CEO Stuart Rose for an advisory role in the company.
Bank of America said it would sell its 2 billion shares in China Construction Bank Corp. Bank of America Corp had expected to end an eight year investment in China Construction Bank Corp.
