The Bank of America downgraded its rating on financing firm CYS Investments. The Bank of America downgraded CYS Investments to an "underperform" rating from a previous "neutral" classification in a research note released today.
Industry
Russia to ramp up oil exports in Asia at Europe's expense
Russia announced that it would lift its oil exports in Asia and consequently decrease the distribution for Europe.
Belarus agency seeks more foreign direct investments
Belarus' National Agency for Investment and Privatization discussed with nine associations the way to attract more foreign direct investments.
Alstom: Power grids to spend US$64.3 billion on new equipment by 2020
According to Alstom's estimates, by 2020, the grid businesses would spend US$64.3 billion for new equipment.
Brazil's purchase of Angolan LNG's cargo signals weaker shipping demand
Petroleo Brasileiro SA's acquisition of Angolan LNG's first cargo was expected to lessen the shipping demand.
Latest News
The Philippines' foreign portfolio investments increased in June, said the country's central bank.
Mass. Secretary Galvin launched an investigation on complex investment options to seniors. An investigation on higher risk investments was initiated by Massachusetts Secretary William Galvin today.
The privately held company gets deal with Johnson & Johnson Development Corporation and New Enterprise Associates as co-lead investors.
PTT Pcl announced that it is cutting their 2013 investment budget PTT Pcl announced that it is cutting their 2013 investment budget by 46% to 54. 6 billion baht or US$1.
Microsoft announced that it had officially concluded InRelease acquisition. Microsoft has now officially reported that it has concluded the purchase of InRelease, InCycle's business venture unit, a few weeks following the deal was revealed.
Enterprise application software company secures minority recapitalization from TA Associates but the deal's details were not released.
WineDirect and Vintank would merge to increase revenues through social media and commerce. Vin65, a firm of WineDirect, and Vintank formed an exclusive alliance to connect the social media data of wine industry with the ecommerce records of their clients.
Palatine secures GBP 150 million funding after the close of its second fund. Manchester-based Palatine Private Equity secured funding amounting to GBP 150 million, 55% of which were commitments from overseas investors at the close of its second fund.
Kenya stated plans to introduce derivatives into its market. Following Kenya's equity trading volume decline in its stock exchange, which is also the region's largest, Kenya announced plans to introduce real estate investment trusts and derivatives, Kenya's financial-markets regulator said.
