Brazil increased bid price for Libra, the world's largest oil find from US$4.6 billion to US$7 billion.
Investors
Emulex Sale to Recover Lost Stock Value after 31% slump
Emulex considered selling itself again with the hope to restore its lost stock value. (Photo : )The photo displays the logo of Emulex. Chipmaker Emulex Corp.
P&G makes investment on Bollywood
Proctor & Gamble employed a Bollywood actress as new ambassador. (Photo : Reuters)Bollywood is a very influential industry in India. Proctor & Gamble employed a new strategy as it tries to penetrate the stronghold of Colgate Palmolive Co.
Boeing and Airbus 'race' for FlyDubai partnership deal
FlyDuba said that AirBus and Boeing are in an 'open race' to supply them 50 narrow body aircrafts.
BlueCrest's BlueTrend hedge fund suffers 16.9% fall
BlueCrest Capital Management's BlueTrend hedge fund slumped by 16.9% that was expected to reflect a US$2.7 billion loss in the main fund.
Latest News
MTV Italy, which is owned by Telecom Italia Media, was sold to Viacom International Media Networks for Eur 10 million.
Global shares increased as the ECB lowered interest rates. (Photo : Reuters)This is the logo of the European Central Bank. The European Central Bank made it easier for private equity firms and ventures to invest in the region as it lowered its refinancing interest rate.
Fitch ratings for the transport infrastructure sector was mostly Stable Outlook. (Photo : Reuters)The image shows a building of Fitch Ratings, a global rating agency.
Yahoo's acquisition of Xobni was below its valuation and barely covered the amount venture capitalists invested.
Naftogaz is renegotiating its obligations with Gazprombank. (Photo : Reuters)The image is natural gas fuel burning in a stove. The national oil and gas company of Ukraine, Naftogaz, is undertaking negotiations to extend the demandable maturity date that it owes Gazprombank of Russia.
Ocapo Ltd received new round of investment for expansion purposes. (Photo : Reuters)The image is an man browsing online. In an announcement, Northzone said it led a GBP9.
Apollo Global Management LLC would raise US$6.8 billion in its first stage of assets raising for its leveraged-buyout fund.
The Monetary Policy Committee would keep the quantitative easing and benchmark interest rate unaltered as the new governor tries to drive UK away from financial problems.
Yangaroo revealed its strategic plan for the company's growth. (Photo : Reuters)The image shows the logo of Yangaroo, a leader in secure digital media management.
