Institutional investors
Development Bank of Kazakhstan to raise US$1 billion through loan sale
Development Bank of Kazakhstan announced plans to raise US$1 billion by selling off bad loans. The Development Bank of Kazakhstan JSC announced that they plan to sell KZT151 billion or US$1 billion worth of bad loans to the Investment Fund of Kazakhstan.
Waitrose Managing Director is now John Lewis Deputy Chairman
Mark Price, the Managing Director of Waitrose, has been appointed as Deputy Chairman of John Lewis Partnership.
US Crude oil futures slip, the first in five weeks
US crude oil futures suffered its first loss in five weeks as concerns about the slowing Chinese economy continue to haunt the industry.
A&P Grocery Chain to go on sale
Great Atlantic & Pacific Tea Co. announced in an internal memo that it could be selling the company to another supermarket operator or a private equity firm.