Fitch lowers UK rating to AA+ from AAA, following the S&P ratings change. In an expected announcement, Fitch Ratings has cut Britain's top credit grade ratings.
Industry
Cathay Fortune Refuses Support for Discovery Metals Plan
Cathay Fortune said it would not support the plan of Discovery Metals to expand capitalization. The top shareholder in Discovery Metals Ltd, private equity firm Cathay Fortune Corp said it would not vote for the approval of the company's plan to increase capital funding.
Boston's Toll Emotional and Economic
As one of the most productive cities in the world, the one week terror lockdown has both economic and emotional scars on the proud city.
Russia to Expand Role in Cyprus Bailout on a Condition
Russia extends help but conditions that help on "taking their interests into consideration."
Japan Joins TPP Pact
The Trans Pacific Partnership Pact has invited Japan to join in the negotiations. Japan has been granted approval from participating countries to form part of the talks on the US initiated Asia Pacific Free Trade Agreement.
Latest News
According to the federal court, the case between AIG and Bank of America should be heard in state court.
Paulson's Advantage Fund has declined gold shareholdings because of the decline in gold trading worldwide.
Because of a claim from a Singaporean creditor, share trading of Surabaya Agung was suspended in the Indonesian bourse.
According to Meriton CEO, there have been offers to purchase part or all of the firm. Meriton Pty, the biggest apartment developer in Australia, has said that Canadian pension funds and investors from both the United Kingdom and China have shown interest in purchasing the company.
Dai Xianglong of the National Social Security Fund recommends state controlled enterprises In a quote of the National Social Security Fund council's party secretary, he is proposing that Chinese state-owned enterprises transfer 30% of their capital gains and ownership shares exceeding 51% to the fund.
ABVCAP is discussing with government regulators on means to expand investment means for venture capital and private equities.
In a surprise move, Dish Network offers US$2.5 billion for a merger with Sprint-Nextel. Dish Network offers US$25. 5 billion to merge with Sprint Nextel.
Private equity firms selling off securities despite government infusion efforts. Many private equity firms have been purchasing government securities that are protected against inflation because of the Federal Reserve's efforts to expand money supply.
Private equity CVC Capital Partners, which owns Formula One, is reportedly eyeing online gambling group Betfair, according to reports.
