Held in Yokohama, the Tokyo International Conference of African Development gave a $32 billion fund to aid the economic development of Africa.
North America
Mitsubishi Plans to Take Control Over Brazil Grain Company Los Grobo Ceagro
Japanese firm Mitsubishi plans to buy a majority stake from the Brazilian grain company, Los Grobo Ceagro.
Kinder Morgan Cancels $2 Billion Worth of Pipeline Project
Kinder Morgan Energy Partners LP has announced the cancellation of a $2 billion worth of project for Freedom oil pipeline.
Fed Speculates Higher Bonds Yields, Sinking Stocks
US stocks were sold off yet government bond yields increased. With the rising sentiments of consumers about the Federal Reserve's next step, the US stocks that were sold and the bond yields from the government increased.
US Treasury Suspends Pension Funds
The US Treasury has announced suspension of pension funds to raise its debt limit. The US Treasury announced last Friday the suspension on pension funds payment.
Latest News
Digital currency companies are rushed to comply with anti-money laundering acts after Liberty Reserve gotten held up for an alleged money laundering scheme.
With the ongoing insider probe, more investors are pulling out their investments from SAC. With tremendously huge $3. 1 billion client money, Magnitude capital started getting back its funds during the first quarter of the year.
FreePort McMoRan acquires both Plains Exploration and Production and McMoRan Exploration Co. In an announcement last Friday, Freeport-McMoRan Copper & Gold Inc said that it had completed its purchase of Plains Exploration and Production, the American oil and gas producer.
Teakwood Capital invests in multi touch marketing program Marketing Advocate. Dallas based private equity firm Teakwood Capital announced a capital investment in Marketing Advocate, a multi-touch nurture marketing program specifically for global technology firms and their channel resellers.
Capitol Energy Ventures with others are investing a total US$68 million in Constitution Pipeline Co LLC.
Skyline Innovations announced mezzanine financing round worth US$2 million. The national leader in solar water heating financing and installation, Skyline Innovations Inc.
Dell Inc supports Michael Dell/Silver Lake bid and urged its shareholders to vote for the bid on its July 18 shareholders meeting.
Shuanghui Int'l buys Smithfield Foods through loan facilities provided by Morgan Stanley and the Bank of China.
Clearwire set to postpone the shareholder vote on Sprint-Nextel's offer in light of the new and improved offer from Dish Network.
