ThyssenKrupp would sell off its European steel business, according to its CEO. (Photo : Reuters)The image is the signage in front of the ThyssenKrupp corporate headquarters.

The IPO of Associated Materials is well on its way as it chose the banks to manage the sale. (Photo : Reuters)The image is a home building store. The plan to introduce shares of Associated Materials to an IPO is well underway as buyout firm Hellman & Friedman LLC has picked the banks to manage the home building materials manufacturer's share sale.

TrimTabs has reported losses amounting to US$47.2 billion for bond mutual funds and bond ETFs. (Photo : Reuters)The image is the gold inset sign of Wall Street.

Closed end funds are increasing in number and value, with 24 funds launched having US$10.5 billion in portfolio value.

Many investors are divesting their bond holdings because of current economic conditions. (Photo : Reuters)The image are two bond traders on the floor of a stock exchange.

Pekao, after failing to purchase Nordea Bank Polska, is now seeking out new acquisitions. (Photo : Reuters)The image is the corporate logo of Bank Pekao SA.

The chairman of the Chinese Banking Regulatory Commission allays fears of liquidity issues saying that the system has sufficient funds to cover all settlements.

Energy Futures is seeking court intervention to dismiss the suit filed by Aurelius against the firm.

Sun Capital Partners and Bain Capital sell off their American Standard ownership. (Photo : Reuters)The image is the American Standard brand. Sun Capital Partners Inc had invested in the struggling toilet maker operating under the American Standard brand.

Fraser & Neave Ltd considers the separation of its property business from its other businesses. (Photo : Reuters)The image is the corporate logo of Fraser and Neave Ltd.

Scifiniti raises US$10 million in Series B funding. (CORRECTED: Corporate logo of Scifiniti was updated) In an announcement, Scifiniti said that the company was able to raise US$10 million in Series B funding from current investors Peninsula Ventures, I2BF Global Ventures, Firelake Capital and Alloy Ventures.

Berkshire Hathaway's Solar Star Fund LLC unit MidAmerican to issue debt instruments to finance construction of new projects.

Temasek Holdings has again purchased shares in ICBC. (Photo : Reuters)China-focused private equity firm Fountainvest Partners, headed by ex-Temasek executive Frank Tang, has raised $1.

Three mines owned by Arch Coal would be sold to Bowie Resources LLC. One of the most indebted US coal miners, Arch Coal Inc, has agreed to sell off three of its most profitable mines located in Utah for the price of US$435 million.

Evy Hambro of BlackRock Inc said that a few gold miners would go out of business due to slumping prices and increasing costs.

China National Petroleum Corp pays out US$5 billion for a share in the Kashagan oil fields of Kazakhstan.

Alibaba recently landed an US$8 billion syndicated loan as a prelude to an IPO. (Photo : REUTERS)An employee walks past a wall painted with logo of Alibaba (China) Technology Co.

Hochtief AG increases share investment in Leighton Holdings to 55%. (Photo : Reuters)The image is the corporate headquarters of Hochtief in Essen, Germany.

ReproCell share values, after an initial hiccup, rose exponentially from 3,200 yen per share to 18,300 per share.

According to a WSJ report, China is set to appoint Ding Xuedong to be the new head of China Investment Corporation.

Valeant's term loan has been finalized and the proceeds would be used to fund the acqusition of Bausch and Lomb.

CVC Capital Partners reaches hard cap on new investment fund. (Photo : Reuters)The image is a counter of Euro Bills in a stack. CVC Capital Partners Ltd had reported that it had raised more than Eur10.

Steinmetz, through an interview, says the Vale deal is the cause of the issues faced in Guinean legal dispute.

Fiat's options to purchase VEBA shares is in dispute as to the valuation of the shares. (Photo : Reuters )Fiat (FIA. MI) shares rose after its third-quarter profits in U.

Speculation of a takeover bid from Rosneft, Lukoil's head squashed said rumors. (Photo : Reuters)The image is the corporate logo of Lukoil. According to Lukoil CEO, the company did not receive any takeover offers nor do they expect any other firm to make one for the company.

The owners of Financiere SELEC, namely Deutsche Bank and LBO Frane, is selling off SELEC's residential real estate portfolio.

Abu Dhabi's Mubadala and Taiwan's Farglory are working for the completion of the Al Maryah project in the Middle East kingdom's free port zone.

Rona Inc, in a bid to be more competitive, is further cutting back on overheads and salaries. (Photo : Reuters)The image is the corporate logo of Rona Inc.

TD Bank entered into an agreement with Aeroplan under Aimia's management. (Photo : Reuters)The image is a TD Canada Trust Bank branch on a busy sidewalk.

Itau Unibanco bought 99.99% of BMG Seguradora. (Photo : Reuters)The image is an Itau Unibanco branch, the top global debt manager. The largest private sector bank in Brazil, Itau Unibanco Holding SA, had entered into an agreement to purchase insurance firm BMG Seguradora SA for the price of 85 million reais or US$39 million.