Together with international asset chaser Martin Kenney, New York-based hedge fund Platinum Partners is planning to invest in the recovery of Brazilian fraud claims, a report from the Financial Times said.
North America
Canadian mining firm Giyani Gold acquires 57.7% stake in Canoe Mining
Canada-based gold exploration firm Giyani Gold Corp announced on Monday its acquisition of a 57.7% interest in Canoe Mining Ventures through a securities exchange agreement.
Advocates may reinstate Glass-Steagall if Volcker Rule could not curb risky bets
As the Volcker rule for banking and trading is being wrapped up by five US government agencies, politicians and advocates of the controversial Glass-Steagall legislation intended to push a revival of a version of its favored banking act should the former fail to curb risky betting by US banks.
Bets by hedge funds are bullish since 2007 - report
Recent data by the US Commodity Futures Trading Commission indicated that hedge funds are the least bullish about their bets in gold despite strong US economic data.
Report says US-based mutual funds looking for bargains in Europe
According to a Bloomberg report, American mutual funds are looking to make European investments, betting that the region will just begin its rally and as the US bull market has already aged.
Latest News
Washington-based law firms Silver, Freedman & Taff and Elias, Matz, Tiernan & Herrick have announced their intentions to merge on January 1 and the combined company will be called Silver, Freedman, Taff & Tiernan.
A Business Insider report cited multiple sources who provided a background story on why Yahoo Inc was not keen to acquire the company of mobile app Ptch, and why DWI Investments were not happy with the outcome of the deal.
STI, a developer and provider of education data management solutions, announced its acquisition of education app store Chalkable, of which the latter was rumored to be acquired for USD10 million.
Programming toy robot maker Play-i raised USD1.4 million from investors all over the world via its crowdfunding campaign on its website that lasted 31 days.
2013 Nobel Prize winner and University of Chicago Professor Eugene Fama told Reuters that the world's economy is in danger of a potential global recession next year due to the high debts incurred by governments in the US and Europe.
Sources disclosed to Reuters that billionaire hedge-fund manager John Paulson's strategies adopted this year for Paulson & Co saw gains in his credit, merger and Recovery funds.
Los Angeles has filed a case against Bank of America for discriminatory mortgage lending among the minority communities in the city, Reuters reported citing a court filing.
The International Finance Corporation is looking to sell rupee-denominated bonds for the second time. The World Bank investment arm raised INR1,000 crore in its first rupee-bond issue.
Yahoo! Inc. on Friday confirmed its purchase of online live concert service Evntlive for an undisclosed sum. As a result of the deal, Evntlive will be shutting down and joining Yahoo!'s video team.
