Resource Capital Partners announced the initial close of its mining fund with USD 85 million in capital commitments.
Institutional investors
Pexco LLC to buy Spectrum Plastics
Pexco LLC announced to buy Spectrum Minnesota, an injection molder of advanced thermoplastics operator.
ABS Capital Partners invests in iZotope Inc.
iZotope Inc received USD12 million from ABS Capital Partners. One of the leading audio technology company announced a USD12 million investment from ABS Capital Partners.
Samsung schedules strategic conference for 2020
Amidst falling revenues and declining stock values, Samsung plans the holding of a strategic conference for its future.
The EU setting up policies to curb 'shadow banking' practices
New policies are being instituted to make 'shadow banking' safer for market players, according to the European Union.
Latest News
According to an Italian daily, market regulator Consob is investigating Camfin's offer for Pirelli shares if the same is properly valued.
News Corp. sold 33 local newspapers of its newspaper portfolio to Fortress Investment Group LLC. An Associated Press report said that News Corp. sold 33 smaller publications of its newspaper portfolio to Fortress Investment Group LLC for an undisclosed amount.
Almarai Co would be issuing the first sukuk bond issue with four banks to be arranging the investor meetings.
Petrochina Securities investor Johan Broux filed a disclosure suit against Petrochina Co and its current and former executives for failing to disclose pertinent news to investors.
Yucaipa Cos. and billionaire Ron Burkle filed a letter to Morgans Hotel Group Co. Chairman Jason Kalisman demanding the sale of the New York-based hotelier.
According to a Bloomberg report, the biggest mining companies were set to spend USD244 billion on expansions amid Glencore Xstrata Plc's CEO call to end oversupply in mineral markets.
Billionaire investor Carl Icahn and his entities announced cutting their stake by almost half in Hain Celestial Group through stock sale.
New and old investors came together for the series B financing for Loggly. The most popular cloud based log managemet system, Loggly, had received USD10.
Sequoia Capital and Spark Capital both invest in Zazma for USD10 million. In an announcement, short term finance innovator for small businesses Zazma had said it raised USD10 million in financing venture equity from Sequoia and Spark Capital.
