Former UBS AG trader based in Sydney, Gerard Satur raised Aus$10 million from wealthy investors.
Investors
Euro zone posts 1.6% gain during recession, close to target 2%-ECB
The 17 nations in Euro zone suffered from recession. Unemployment was high but inflation rate remains up.
Carney, advised to pioneer lending to small firms using GBP1 billion
Mark Carney, the bank of England's new governor was urged to set aside GBP1 billion for small businesses to ais in UK's recovery.
Switzerland Hurt as Private Banks Leave Due to Rising Compliance Versus Secrecy
Banks leaving Switzerland due to the loss of secrecy in the banking transactions. (Photo : Reuters)The image is a bundle of 100 Swiss francs. Switzerland, the former Mecca for European lenders when it comes to private banking is now hurt with the change in banking secrecy and the rise in compliance.
Asian equities hurt by Fed policy, China's PMI
Asia-pacific investors continue to fret due to Fed’s quantitative easing and China’s economic slowdown.
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Toyota Motor Corp, the world’s biggest carmaker announced its planned expansion in Myanmar, Cambodia and Kenya.
Finland based Nokia bought Siemens AG’s stake in the telecoms-equipment venture company priced at Eur1.7 billion.
Government sees positive results from negotiations. (Photo : Reuters)Greece Prime Minister talks about 8. 1 Billion Euro Bailout The Greek government led by Prime Minister Antonis Samaras was hopeful as talks commence regarding the release of funds by the IMF or the International Monetary Fund, the European Union and the European Central Bank.
Hardcastle Restaurants looks at raising funds through a qualified institutional placement (QIP) or a follow on public offer (FPO) as it planned to double its store chains in India.
The government of India may allow foreign retail stores such as Walmart and Tesco to come into the industry without any of those conditions given that their multi-brand retail venture is less than 50%.
Ahmad Hamad Algosaibi & Brothers Co. planned to make a new offer on US$7.2 of debt to creditors. Ahmad Hamad Algosaibi & Brothers Co. planned to make a new offer on US$7.
Initial public offerings were raised to US$42 billion in the second quarter from the previous US$20 billion made during the first quarter.
GSK was offered a formal takeover bid priced more than a billion pounds for its soft drink brand Lucozade and Ribena by Blackstone and Lion Capital.
Ahmed Reda Halawani resigned from Kingdom Holding Co. due to personal obligations and commitments as stated by the company in a statement on the Saudi bourse.
