Reuters reports the backing of a sovereign wealth fund and a UK institution to prop up the business of 3i.
Sovereign wealth funds
Oil Blocks Made Available by Indonesian Government for Bidding
In an announcement, oil blocks in Indonesia are now available for bidding. The Indonesian government announced the opening of a rights tender for twenty one oil and gas exploration blocks last Friday.
GM share prices surpass IPO price
GM's current share values surpass the pegged price for its IPO back in November 2010. In an announcement, Detroit car giant General Motors Co said that its current share values have surpassed their 2010 IPO prices.
Lloyds TSB shares nearing break even price for Britain
When break even price achieved for Lloyds TSB shares, then Britain would be able to divest its shareholdings in the bank.
Erste Group Bank Can Repay Bailout Funds Received
Erste Group Bank has confirmed the ability to pay off state bailout funds but did not provide a schedule for the same.
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The water utilities firm Severn Trent declines the takeover offers but advises deadline as to formal bids.
ADIA appoints John McCarthy to head its global division for infrastructure investments. One of the world's biggest sovereign wealth funds, the Abu Dhabi Investment Authority announced the appointment of John McCarthy as global division head of infrastructure.
Ghana, similar to its issue in 2007, is planning to sell Eurobond worth US$1 billion. Ghana is planning to issue a Eurobond worth up to US$1 billion in order to refinance its current debt and fund infrastructure projects, according to the country's Vice President.
According to the Financial Times, Severn Trent, a water and sewage utility, is now the target of a takeover bid by OMERS and the Kuwaiti Investment Authority.
The Department of Treasury will sell off its shares in Detroit carmaker General Motors. The US government has sold off a major portion of its shareholdings in General Motors Co.
Gulf coast countries, wary of the Euro Debt crisis and other factors, are choosing to invest at home rather than overseas.
Russia's Finance Minister says there is a need for Russian Parliamentary approval for any terms changed on the loan.
Wisconsin bill for state backed venture capital fund proposed. A bill whose main provision would place US$25 million in state money to fund start up companies in Wisconsin has passed the first reading in its state legislature.
Greece is again selling a three month treasury bill to pay off a previous issue. Greece will commence the auction of Eur1. 0 billion or US$1. 29 billion treasury bills with a term of three months from issue.
