Grupo Financiero Banorte sold shares worth US$2.5 billion. One of Mexico's biggest banks, Grupo Financiero Banorte SAB, sold around US$2. 5 billion worth of shares in the country's largest equity sale of the year yesterday.
Finance/Venture
RBI eliminates largest bond gain, US$8 billion fund outflow extends
Reserve Bank of India's decision to increase borrowing costs eliminated the country's largest bond gains and further extended the US$8 billion fund outflow.
Bernanke's testimony causes world stock markets to waver
Bernanke's testimony caused world stock markets to waver between gains and losses. The testimony of US Federal Reserve Chairman Ben Bernanke made investors cautious.
Hollande sets out Eur3 billion in cuts as his popularity nose dives
President Francois Hollande would set out Eur3 billion in expenditure cuts and close tax gaps in face of poll slump.
Kazarian emerges after 2 decades with offer for 10% of Greek debt
Millionaire investor Paul Kazarian emerged after 20 years with his bid to purchase up to Eur2.9 billion of Greek state debt.
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Recent Ukrainian court practice was deemed to affect commercial transactions. Recent practices of courts in Ukraine were deemed to negatively affect commercial banking transactions.
KKR and Blackstone started open ended mutual funds to attract individual investors. Kohlberg Kravis Roberts had introduced to individual investors an open-end mutual fund and now, one of the United States' biggest private equity firm, Blackstone is doing it too.
Ultimately, the determinant as to the increase or decrease of the value of an asset is the foreign currency exchange.
The German government is contemplating on selling its stake in the loss-making bank after the conduct of the national elections on September.
A new report from the GreySpark Partners showcase the greater flexibility and efficiency of multi dealer platforms compared to other structures.
Flow businesses, such as spot FX and equities, would be the next great business after the recent financial crisis.
Aviva Plc was in talks with negotiators regarding its US$1.8 billion deal with Leon Black's Apollo Global Management LLC.
Tiger Bay's acquisition of Gramercy Park creates a 'superfirm' in the industry of asset management.
SPH REIT raised US$400 million in an IPO. Singapore Press Holdings Ltd. (SPH) raised SGD$504 million (US$400 million) in an initial public offering, said two sources familiar with the transaction.
