Turkey said it intended to create an industrial zone in Addis Ababa on land assigned to Turkey by the Ethiopian government.
Investors
CoreDial gets USD 1.5 million loan from Silicon Valley Bank
CoreDial announced that it had received a USD 1.5 million senior debt facility from Silicon Valley Bank.
Resource Capital Partners scores USD 85 million for mining fund
Resource Capital Partners announced the initial close of its mining fund with USD 85 million in capital commitments.
CR Bard to acquire Rochester Medical for USD262 million
CR Bard announced acquisition of Rochester Medical valued USD262 million to boost its presence in the urology homecare market.
Kodak CEO optimistic about company's future after bankruptcy - report
Eastman Kodak Co. Chief Executive Antonio Perez said that the company's balance sheet post-bankrupty and its restructuring would lead the imaging and photographic equipment maker to the road of financial success.
Latest News
BioFire is bought out by BioMerieux for USD450 million, funded through debt. In an announcement, BioFire Diagnostics would be bought out by BioMerieux for USD450 million.
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.
South Korean budget carrier Jeju Air Inc said it would consider conducting an IPO to increase the number of its airplanes and meet the growing demand for air travel in the Asia-Pacific.
Chinese media said that Apple invited local journalists in its September 11 event in Beijing, a day later from the tech giant's newest iPhone model launch in its Cupertino, California headquarters.
Anshu Jain, co-CEO of Deutsche Bank, said the current climate would move banks to consolidate. According to Deutsche Bank co-Chief Executive Officer Anshu Jain, consolidation in the banking industry is 'inevitable'.
China urged its Asian neighbors to forge stronger financial ties in the wake of the Federal Reserve's plan to taper its stimulus package.
The Royal Bank of Canada named Jonathan Golub to head the investment banking unit of RBC as its new chief market strategist for the US.
Fiat union leaders said the carmaker would invest nearly EUR 1 billion to make the Maserati SUV in its Turin factory.
Almarai Co would be issuing the first sukuk bond issue with four banks to be arranging the investor meetings.
