Finance/Venture

Kingdom Holding Gets Refinancing

Kingdom Holding obtains refinancing for its Savoy Hotel purchase loan. In an announcement, Saudi Arabia's Kingdom Holding Co agreed to enter into a refinancing agreement on the debt it had used to purchase the Savoy Hotel in London.


ISS Advises JPMorgan Should Appoint Chairman to Look after CEO

ISS advises shareholders in JP Morgan to elect independent chairman. Proxy advisory firm Institutional Shareholder Services advised JPMorgan Chase & Co to disassociate the duties of a Chairman from the Chief Executive Officer.

Wall Street Expects Fed To Continue Stimulus Program

Wall Street is expecting the Federal Reserve to continue implementing its stimulus program. Wall Street is urging the Federal Reserve to purchase a total of US$1.

Vinik Asset Management to Close Shop

Vinik Asset Management is set to wind up its business, according to a report from the Wall Street Journal.


Latest News

Loans remain the safest route for financing during unstable markets. A crackdown on bank lending similar to regulations have not barred corporate funds from plunging itself into the loan markets.
Junk rated companies are riding the crest of yield seeking investors, regardless of the risks. The current European economic crisis has moved a rate cut this week, but this did not hinder the unstoppable search for profit from many fund managers.
Buyout flipping means private equity funds sell and buy assets from one another, which to many looks like recycling in order to generate funds.
Mike Brown did the work and now has US$33 million for Bowery Capital. Mike Brown has spent the past year making trips to small rural towns and has spent many weeks in cities from the west to the east.
Qiwi, the payment solutions provider from Russia, is set to do an IPO at Nasdaq. Qiwi Plc, the Russian instant payment operator is now in the process of conducting an IPO at the Nasdaq Stock Market.
Plexus Capital raises US$150 million with an equal counterpart from the Small Business Association to create Plexus Fund III worth US$300 million.
ISS endorses the directors nominated by Elliot Management. The shareholders of Hess Corp should elect all five directors nominated by Elliot Management Corp for its May 16 annual meeting.
After a two year wait, the Rwandan bourse is preparing an IPO of I&M Bank. The Rwandan Stock Exchange is now in the midst of planning its first listing since June of 2011.
Temasek Holdings Ltd purchases US$500 million stake in Markit Group. The sovereign wealth investment fund of Singapore, Temasek Holdings Ltd is now in discussion with Markit Group for the purchase of shareholdings estimated to be around US$500 million.
Ares IPO would be conducted in the next few months, at a time that the market is very buoyant. Ares Management LLC is an investment firm with about US$59 billion in its portfolio of credit and private equity assets.
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