JPMorgan have started buying South Korean Equities due to their current valuations. JPMorgan Asset Management and Charlemagne Capital Ltd. have started to buy South Korean equities after they are said to be at their lowest valuations since 2009.
Finance/Venture
Patriot Capital's latest PE fund raises US$250 million
Patriot Capital's latest PE fund raised US$250 million. A small business investment company (SBIC) fund was recently closed by the Patriot Capital Family of Funds.
Kreative acquires shares in Augustine
Kreative Ventures Limited announced that they have acquires additional shares in Augustine Ventures Inc.
JPMorgan makes Credicorp a Latin American top pick
A JPMorgan report made Credicorp a top pick amid continued Peruvian economic growth. According to a JPMorgan Chase & Co. report, Credicorp Ltd. , the Lima-based parent company of Banco de Credito del Peru, may gain up to 32% by the end of this year as the Peru's economy continue to grow.
Indian government banks need to put up US$25 billion
India state-run banks have been required to submit plans on how to raise US$25 billion. To strengthen risk defenses and to comply with recent changes to the Basel III capital standards, India's state-run banks are required this month to decide on methods to put up more than INR1.
Latest News
US government's Fannie Mae considered selling about US$1 billion of home-loan bonds. The mortgage financier regulated by the US government, Fannie Mae, planned to sell around US$1 billion of home-loan bonds.
The sale of Woori Finance Holdings Co. was expected to succeed and earn about US$10.2 billion after four attempts.
Enstar Group pays US $692 million in order to control the reins Torus Insurance Holdings Ltd. Enstar Group, a management and consultancy firm specializing in insurance, announced the completion of the agreement that allows it to control management of Torus Insurance Holdings Ltd.
European governments agreed to release aid for Greece worth Eur3 billion as they continued to seek for enough financial calm.
Deutsche Annington revived its initial public offering from Eur1.2 billion to just Eur575 million to Eur592 million.
United Arab Emirates would grant Egypt US$3 billion to help the country recover from its devastated economy.
A US$120 million fund was put up by Swedish firm Brummer and Partners and 20 other investors. A private equity fund targeting Philippine firms worth PHP5 billion or US$120 million was launched today.
CIT Group Inc served as Lead Arranger in US$42 million worth financing for Garrison Investment Group.
Genetics service provider InformedDNA received and investment from MPM Capital's Sun State Fund.
