Development Bank of Kazakhstan announced plans to raise US$1 billion by selling off bad loans. The Development Bank of Kazakhstan JSC announced that they plan to sell KZT151 billion or US$1 billion worth of bad loans to the Investment Fund of Kazakhstan.
Sectors
Scottish Equity Partners devotes GBP 70 mln for clean energy businesses
The UK venture capital company is investing GBP 70 million to fund British companies with thrust in clean energy.
Berkeley Group enters into a joint venture worth US $616 mln to build houses
The UK homebuilder enters into a joint venture with a charitable institution worth US $616 million. UK's Berkeley Group Holdings Plc agreed to enter into a joint venture with Wellcome Trust Ltd.
Areva and Namibia Water signs water sale agreement
Areva SA and Namibia Water are in the final leg of arrangements for their water sale distribution agreement.
Luminous Water raises US$9.3 million through CLSA Capital Partners
Luminous Water Technologies Pvt. acquires US$9.3 million worth of funding from CLSA Capital Partners.
Latest News
Carmike Cinemas, Inc. released the details of the pricing for their previously announced initial public offering.
Investigations were now being held to understand the cause of Spain train crash that killed 78 people.
Mark Price, the Managing Director of Waitrose, has been appointed as Deputy Chairman of John Lewis Partnership.
British television network ITV has bought Big Talk Productions for an estimated GBP 12.5 million. In a deal estimated to be worth GBP 12. 5 million, British TV network ITV PLC has bought Big Talk Productions and its associated companies.
Analysts suggested that BlackBerry would be able to attain its former glory if it would go back to the enterprise market.
BlackBerry laid off 250 employees after firing 5,000 people last year due to weak earnings. BlackBerry, a currently troubled smartphone producer, fired 250 employees from its product-testing facility in Waterloo, Ontario.
Carlos Slim Helu invested US$40 million in a mobile audio app company to compete against Apple's Siri and Google voice search.
The global tablet market share of iPad fell to its all-time all. On Thursday, the market research firm TrendForce reported a data that showed the global tablet market share of iPad declined to its lowest point in history.
Fortune's Philip Elmer-DeWitt said that Apple spent US$16 billion to buy 36 million of its own shares.
