The number of initial public offering in Sweden had increased while Stockholm's OMX All-Share Index had reached a record high, erasing market volatility in the country.
Finance/Venture
Foxtons plans to raise GBP 55 million in IPO
London-focused real estate agent Foxtons said it would be selling new shares and company shares in its planned IPO to raise GBP 55 million.
Shareholder case against UBS dismissed by Supreme Court
The U.S. Supreme Court dismissed a shareholder derivative lawsuit filed against UBS by pension plans in Puerto Rico.
Third Point increases stake in Sotheby’s
Daniel Loeb's New York-based hedge fund increases its stake in Sotheby's to 5.7%. A regulatory filing showed Monday that Third Point LLC, investor Daniel Loeb's New York-based hedge fund, had increased its stake in Sotheby's to 5.
Structural adjustments needed for China’s economic growth
China's Vice Finance Minister says there is no need for Chinese government to stimulate the world’s No. 2 economy.
Latest News
BATS Global Markets Inc. and Direct Edge Holdings LLC said that it would commence the merger last Monday.
The Reserve Bank of India had allowed non-resident Indians to purchase shares from Tai Industries and Madras Aluminum Company.
ING Groep NV had sold its South Korean insurance unit for USD1.7 billion to MBK Partners Ltd. MBK Partners Ltd. is an Asian buyout company which was formed by ex-Carlyle Group executives.
Gold prices, after a previous period of decline, is now on the rise, recently topping the USD1,400 level.
IILM Corp's debut sukuk was oversubscribed according to reports. The International Islamic Liquidity Management Corp, which is based out of Malaysia, announced on Monday that it had auctioned USD490 milion in sukuk bonds.
SABB, which is partially owned by HSBC, has been busy preparing for a sukuk bond issue by year's end.
Thai billionaire Charoen Sirivadhanabhakdi eyes USD500 million IPO for F&N REIT. Charoen Sirivadhanabhakdi, Thai tycoon and the country's third richest man, announced plans of an IPO for Fraser and Neave (F&N) REIT.
MBK agrees to buy ING's South Korean unit to bring the latter's Asia exit plan closer to conclusion.
A Bain & Co. study showed Swedish banks outperform peers, but Europe's financial sector poised to catch up.
