Kenai stockholders approved Serabi Gold plc's proposal to acquire their whole share capital. Serabi Gold plc announced that Kenai Resources Ltd's stockholders favored its proposal to purchase the whole share capital of Kenai.
Finance/Venture
Legal & General gains control over UK real estate
The UK NEST gave Legal and General Investment Management mandate over real estate asset allocation. The United Kingdom's National Employment Savings Trust or NEST deployed a scheme involving a 20% member asset allocation to a real estate fund.
Vue Entertainment Sells Bonds for LBO Funding
Vue Entertainment sells bonds for LBO funding The cinema operator Vue Entertainment Ltd. planned to sell bonds on a meeting with investors. The proceeds of this bond sale would be used to fund the company's leveraged buyout.
CORRECTED: Synagro Agrees to Incorporate Suggested Sale into Reorganization
Synagro Technologies and its main stockholders agreed to sell the company to EQT Infrastructure II through a plan of reorganization.
Nairobi Securities Exchange Offers Exchange-Traded Funds
Nairobi Securities Exchange offered exchange-traded funds for individual investors. The Capital Markets Authority said in an emailed statement that the Nairobi Securities Exchange would be offering exchange-traded funds.
Latest News
The European Union and the United States begun their talks about world's largest trade and investment relationship.
South Korea issued a bond-market aid package. South Korea announced that it would issue a bond-market aid package to increase liquidity in the market. This package was called primary-collateralized bond obligations, according to an emailed statement from the Financial Services Commission (FSC).
International lenders for Greek Aid are close to wrapping up talks International lenders for Greek Aid are close to wrapping up negotiations to unlock Eur8.
UK stocks rose to their highest in 6 months There was a rise in United Kingdom stocks this week, the biggest weekly gain seen in six months. There was an increase of 78.
A study has found that Academic endowments to Africa outperformed the US S&P 500 in the past decade.
Fed's reduced bond buying threat resulted in fund withdrawals from several investors. After the Federal Reserve announced that it may slow down the pace of its asset purchases this year, several investors reacted by withdrawing their investments in mutual funds.
Global venture capital financing increased globally last quarter according to a report by Preqin. Global venture capital had reached late 2012 levels of financing, increasing the numbers to US$10.
The central bank of India announced its concern following the fast growing currency derivatives trading in the last three years.
The U.S. Treasury is being sued by Perry Capital LLC over its handling of Fannie Mae and Freddie Mac.
