Italian PM Mario Monti finally signs decree approving payments of state debts to private firms. The Italian caretaker government has approved a decree to pay off nearly Eur40 billion state funds to pay off debts it has incurred with private companies.
Sectors
Rehn Says Future Bailouts Would Affect Big Depositors
EU Olli Rehn provides insight on new EU rules on investor liabilities in bank failures. Under the new European Union law in the works, large bank depositors can take a hit should the bank fail.
New Bird Flu Strain Hurts Stock Prices
With new reports of avian flu outbreaks, the fragile Chinese economic recovery is now under fire. A couple of cities in mainland China have stopped the conduct of poultry sales and slaughtered livestock after reports of the H7N9 strain of avian infulenza abound.
UK Gilts Offered Anew
The ten year gilts at record low rates will be offered by the UK Debt Management Office in the next few days.
Research Shows Faked Loans In China's Big Banks
China's big banks are not providing more credit to small and microsized firms. According to a researcher, the big banks of China are not lending more to the smallest firms.
Latest News
The former head of Credit Suisse's head of structured credit pleads not guilty to charges of overinflating prices in the subprime mortgage backed bonds market.
Doha Global Investment Co is backed by Qatar Holding for Eur2.3 billion and the IPO is expected to raise the same amount.
Transdev would be selling off assets to pay off debts. Veolia Transdev, the French transport group is forecasting 'enormous' demand for its assets.
Pavilion Energy Pte would be investing in LNG related industries. The sovereign wealth fund of Singapore, Temasek Holdings Pte Ltd has established a new investment fund focused on liquefied natural gas.
MF Global has obtained approval of its liquidation plan under the leadership of former FBI Director Louis Freeh.
Fairway Market, from its humble beginnings as a fruit and vegetable stand, can now stand to be worth US$495 million.
The scheduled visit of Blackstone Group to Dell’s headquarters on Monday sends a strong signal that the firm is firming up a bid that could upset the $24.4 offer of founder Michael Dell.
Milestone Partners Fund IV has raised US$300 million and acquired new assets. Milestone Partners has announced the final closure of Milestone Partners IV LP with funding amounting to US$300 million.
Raising funds by VisibleBrands raised US$4.6 million for digital cloud promotions in-store. The close of a Series A round of funding and follow on Series B Convertible Note by VisibleBrands has raised US$4.
