French car maker Peugeot is looking into a possible sale of top vehicle interiors and emission control technology company Faurecia. Peugeot exiting Faurecia might be necessary to secure another government bailout.
Sovereign wealth funds
CDC Group set to back Green Infra with USD 25 million investment
CDC Group said they would be backing New Delhi-based renewable energy developer Green Infra Ltd with a USD 25 million investment to enhance the latter's production capacity.
International lenders with broker-dealer carry risks to financial stability- Eric Rosengren
Federal Reserve Bank of Boston Eric Rosengren said large international banks with broker-dealer units placed the financial system at risk, and as such, regulators should ensure that they have adequate capital.
Department of Justice, SEC say bitcoins offers benefits
The US Department of Justice and the Securities and Exchange Commission said bitcoins offer legitimate financial services. The regulators said the digital currency offered various benefits and risks.
Government plans sale of 20% Air New Zealand stake
The New Zealand government said it planned to sell 20% of its stake in Air New Zealand to cut down public debt and spend on infrastructure projects.
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A USD 1.6 million Small Business Innovation Research Phase II grant was awarded to biopharmaceutical company Signum Dermalogix from the National Institute of Arthritis and Musculoskeletal and Skin Diseases.
The European Central Bank's attempt to reduce the excess liquidity levels of banks in the financial system had prompted the central bank to call on banks it had loaned to repay its debts at a reduced rate.
Philanthropist and Microsoft co-founder Bill Gates suggested the state of Norway should invest a portion of its massive USD800 billion wealth fund to countries in Asia and Africa.
The state of Jefferson County, Alabama planned to sell sewer system securities worth USD 1.7 billion to pay off its debts to its creditors. Jefferson County is still under bankruptcy protection.
The following bids, mergers, acquisitions and disposals were reported on Thursday including Sigma Alimentos, Fastjet, Rostelecom, DNB, Caixabank, Cyfrowy Polsat, America Movil, Alitalia, Telecom Italia.
Sovereign wealth funds Korea Investment Corporation and Russian Direct Investment Fund pooled USD500 million for a cross-border private equity investment platform. The fund was intended to encourage trade and investment cooperation between South Korea and Russia.
Khazanah Nasional Bhd, Malaysia's state investment firm, said its insurance arm has completed the $252 million purchase of a 90 percent stake in Turkish insurer Acibadem Saglik ve Hayat Sigorta.
The following bids, mergers, acquisitions and disposals were reported on Wednesday including BNP Paribas, Facebook, Crocs, VTB Capital and Flybe Group.
Europe's recent inflation decrease prompted European Central Bank to cut interest rates. In an analysis done by Reuters, it said the deflation threat in the economy of the Euro Zone might reverse the continuous inflow of major investments for 2013.
