Seven FDIs were approved by the Indian investment board. Seven Foreign Direct Investments of FDIs were approved by the Foreign Investment Promotion Board of India for ventures in local pharmaceutical firms.
Institutional investors
Australia invests in Indonesia's cows
Indonesia's cattle industry is receiving a long-awaited backing from Australian investors. After more than four years of wooing, the Indonesian cattle industry has successfully acquired much needed love from Australia.
Energisa Takeover Pending Court Approval
Energisa takeover was pending court approval. A bid by Energisa SA to takeover Grupo Rede Energia SA was approved on Friday by the company's creditors.
It’s Official: 1 Dollar Equals 24,779 Riyals, Says Iran Central Bank
The Iranian central bank has set the official dollar-to-riyal rate to 24,779. Iran's central bank has listed on its website on Saturday the new price of a dollar.
Dell Buyout Will Not Push Through
Dell buyout will not push through at US$24.4 billion. The deal to buyout Dell Inc. would not push through. According to people who had direct knowledge of the deal, Silver Lake Management LLC and Michael Dell would not be closing a buyout deal for the offer of US$24.
Latest News
Valeant Pharmaceuticals and energy sector boost TSX The Toronto Stock Exchange's S&P/TSX composite index, Canada's main stock index, hit 12,217.
Bank of Japan bought US$9.5 billion Japanese government bonds. The Bank of Japan offered to buy Japanase government bonds worth of US$9. 5 billion. The government bonds had residual maturities from 1 to 10 years.
China's current slow growth put pressure on Singapore's Temasek. Temasek Holdings Pte Ltd. came under pressure to force the review of its exposure to Chinese banks in the wake of China's current financial and economic conditions.
Lululemon was sued for fraud over sheer yoga pants and its CEO sudden resigned. The CEO of Lululemon Athletica Inc. suddenly decided to resign from her position.
NY DFS sent a letter to foreign reinsurers asking if they were linked with Iran. The New York's Department of Financial Services sent a letter, dated June 25, to 20 non-US reinsurers of any business transactions they had with entities linked to Iran.
Australia's Brambles planned to spin off Recall Holdings. Brambles Ltd. has announced a revival of a previous plan to exit Recall Holdings. Recall Holdings, a data management business, would then be listed on the Australian Securities Exchange (ASX).
Israel Corp. exercised its rights in TowerJazz, with TowerJazz raising US$22 million in the process.
Lloyds planned to sell its stocks amidst talk of investor boycott. Lloyds Bank planned to sell 39% stake, which is a step towards its privatisation. However, talks of boycott among investors could have a negative effect on how the sale proceeds.
The CFTC would be conducting a formal meeting to discuss its new rule on swaps. The US Commodity Futures Trading Commission (CFTC) announced for a formal meeting on July 12 to discuss how new rules apply abroad.
