Sovereign wealth funds
Essar Group plans bids for water infrastructure projects
Essar Group planned to bid for water projects in India. The Essar Group said it intended to make bids for various water projects in India. Essar Concessions India Ltd Chief Executive Officer Neeraj Sanghi said they planned to bid for water distribution and sewage plants and desalination facilities.
Bega Cheese gets regulator approval for Warrnambool Cheese bid
An Australian regulator approved the bid of AUD 407 million of Bega Cheese Ltd for the acquisition of Warrnambool Cheese & Butter Factory Co.
US stocks fall as Federal Reserve retains bond buying program
The Federal Reserve announcement that it would continue with its monthly bond purchases caused US stocks to drop.
US Fed says it will stick with bond buying policy
The US central bank said it was going to continue its purchases of bonds worth USD 85 billion a month to keep interest rates low.