African mineral exploration activity is poised to drop by 15% to 20% in 2014 as sources of funding have dried up due to difficult economic problems, according to David Cox, senior sales executive of SNL Metals Economic Group.
Industry
Australian analyst lambasts acquisitions as a way for companies to grow
David Errington, an analyst at Bank of America Merrill Lynch, said companies would do well if they focused on investing in their core business instead of acquiring other companies in their quest for growth, The Australian reported.
Hedge funds compel companies to pay more in takeover deals
The number of campaigns waged by activist investors to compel companies to pay more expensive prices for takeover targets has increased, the Financial Times reported.
Volcker Rule forces executives of bank-backed private equity firm to travel in search for deals
As banks shed off their private equity units to comply with the Volcker Rule, the executives of these newly-independent firms will find themselves doing more travel in their search for new investors, The Wall Street Journal reported.
Big-name mutual funds in Wall Street suffer a decline in emerging markets
Mutual funds managed by the biggest names in Wall Street like BlackRock, Brevan Howard and T. Rowe Price, are showing poor performance with the decline in the emerging markets, an analysis from Reuters said.
Latest News
University of North Carolina Professor Gregg D. Polsky wrote in the February 3 edition of Tax Notes that payments given by companies to their private equity owners are not characterized properly for tax purposes, The New York Times The Dealbook reported.
U.S. stocks slumped on Monday, with the S&P 500 suffering its worst drop since June, after weaker-than-expected data on the factory sector in the world's largest economyprovided investors with the latest reason to move away from riskier assets.
According to a report on Benzinga by Tim Melvin, individual investors may want to heed to private equity firms' strategies with regard to investing assets, citing the industry's record gains it posted last year.
Social media giant finally rolled out its Graph Search feature to mobile devices one year after it was introduced, to give users an easier way to mine data and achieve cleaner results from a random set of words used in the search.
Facebook is looking to steal the "second screen" crown from Twitter as the two social giant networks scramble to offer the best coverage of the National Football League (NFL) teams' clashes in the Super Bowl XLVIII.
Analysts told Bloomberg that the increases in chief executive officers of the top banks in the US usually means that the banks had performed above expectations.
High-end luxury brands might be able to demand their preferred deal prices as Asian, Middle Eastern and private equity buyers scramble to acquire a share in the profitable luxury goods market.
The mergers and acquisitions activity in the Southeastern portion of the US rose 17% last year, according to data from Mergermarket Group news service, The Tennessean reported.
Interest in lower end market deals in Europe by foreign investors had been seen growing, according to the latest data released by Mergermarket. Almost a third of the 169 deals involving foreign investors seen last year were made in the UK, with Germany and Spain a distant second and third.
