Investment solutions giant Deutsche Asset announces new team leader for Americas

Caroline Kitidis, who used to work for Goldman Sachs, joins Deutsche Asset & Wealth Management. Deutsche Asset & Wealth Management today welcomed into the team Caroline Kitidis, formerly head of Americas Structured Solutions Group of Private Wealth Management.


The telegram dies in India

The last remaining postal service in India finally shut down after more than a century's operation.

Forest Oil sells Texas fields that may raise US$1 Billion

Forest Oil Corp would sell its oil and natural gas fields in Texas Panhandle worth US$1 billion. Forest Oil Corp intended to sell its oil and natural gas fields that could be found in Texas Panhandle.

Lowth to Replace Jones as CFO of BG Group

Lowth, current CFO AstraZeneca, will leave this October to become the CFO and Executive Director of BG Group


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The real-time insights provider seals a US $15 million funding after the close of a series D financing from two private equity firms.
Abbott Laboratories would purchase Idev Technologies and OptiMedica Corp. for around US$560 million as it expands its device offerings.
The Royalty Exchange was able to secure series A capital funding from Grotech Ventures worth US$2.1 million.
Tencent and other Internet company in China led the highest close of the telecommunication industry in Hang Seng index since 2004
The South African investment company bought 75% of Egoli Gas through a deal completed in April. South African investment company Reatile Group completed in April a deal to purchase 75% of Egoli Gas Ltd.
Nautic Partners LLC said that it partnered with the management of Applied Consultants Inc to purchase Applied Consultants, Inc.
Cannabis Technologies announced its new joint venture partnership with Vertigo Technologies LLC. Cannabis Technologies announced its new joint venture partnership with Vertigo Technologies LLC.
Focus Financial Partners stated that Centerbridge Partners agreed to invest US$216 million in a deal that was expected to close in third quarter.
Loblaw Cos Ltd. would buy Shoppers Drug Mart Corp for US$11.9 billion so that it could create a retail giant.
The Reserve Bank of India imposed US$8.3 million in fines for 22 lenders that flouted rules and regulations on anti-money laundering.
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