The Bank of America downgraded its rating on financing firm CYS Investments. The Bank of America downgraded CYS Investments to an "underperform" rating from a previous "neutral" classification in a research note released today.
Investors
Balfour Beatty establishes venture with Sydney Water for Australian water projects
Balfour Beatty Plc created a venture with Sydney Water for Au$150 million water projects in Australia.
Nanosatellite firm gets additional support
NanoSatisfi received additional investment from Grishin Robotics. Grishin Robotics, a multinational investment firm, provided a US$300,000 investment to NanoSatisfi.
Brazil's purchase of Angolan LNG's cargo signals weaker shipping demand
Petroleo Brasileiro SA's acquisition of Angolan LNG's first cargo was expected to lessen the shipping demand.
Griffin-American buys UK portfolio for US $447.8 million
Griffin-American makes its first investment outside of the US by purchasing a UK portfolio for US $447.8 million.
Latest News
In an attempt to turn around its decline, the Gulf Finance House said that it will use a new business model.
The Philippines' foreign portfolio investments increased in June, said the country's central bank.
BackOps receives investment from Sherpa Ventures. Sherpa Ventures announced today that it will be investing for the first time in on-demand labor company BackOps.
Heat Biologics increased IPO target to US$33 million. Heat Biologics set a top target for its initial public offering. From US$24 million, the company now aimed to raise US$33 million.
Good Energy Group Plc would sell 3.1 million stocks to finance UK solar park developments. Britain's renewable power provider, Good Energy Group Plc, planned to raise GBP3.
Brookfield Canada Office Properties acquired Toronto's Bay Adelaide Centre East Development for Ca$602 million.
NanoSatisfi, which is working on its expansion projects, gets US $300,000 funding from Grishin Robotics.
Harbor Star cancelled its Php593 million IPO to September. Harbor Star Shipping Services Inc. put off its Php593-million initial public offering (IPO) to September.
Vertu Motors acquired its first Volkswagen dealerships for GBP3 million. Vertu Motors acquired its first Volkswagen dealership for GBP3 million. This was the company's second acquisition since its GBP50 million share placing in May.
