India, in order to raise funds to narrow the budget deficit, is selling off asset shareholdings in Indian corporations.
Tags: Government
US and Swiss governments agree on step closer to removal of secrecy laws
The new agreement between US and Swiss governments would allow payment of fines or deferment of prosecution from tax evasion committed by US clients.
Walker Crips launches bridging finance fund
Walker Crips set a date for the launch of the country's first ever regulated bridging finance fund.
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.
Telus Corp Purchases Mobilicity
Telus Corp buys Mobilicity for the hefty sum of Can$380 million or US$370 million. One of the largest wireless phone companies in Canada, Telus Corp, announced Thursday that it would purchasing Mobilicity for the cost of Can$380 million or US$370 million.
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Fund manager of BlackRock China forecasts futures for investors. According to a fund manager at BlackRock, China's industrial stocks provide good investment opportunities on select markets, such as steel mills to cement producers.
The current lack of a majority in the Italian government is seen as a precursor to further economic issues in the long run.
Oil exports to China from Russia increase for loan funds. With the forthcoming deals to be signed in the next few weeks, Russia would catapult China to become the country's top recipient of oil exports from the former Soviet Republic.
Indian government NALCO share sale nets US$116 million. It was reported on Friday that the Indian government was able to raise $116million as proceeds of the sale of their shares with National Aluminium Co Ltd (NALCO).
CNOOC to guarantee Nexen bond issue. Nexen is seeking to amend its current terms of debt with holders of almost US$4 billion worth in bonds. The amendments seek to remove some of the conditionalities as well as add CNOOC as guarantor of the bond issue.
Argentina's expropriation of Repsol stake in YPF subject to claim and clarification. Caixabank, a key shareholder in Spanish oil giant Repsol, is exploring avenues to seek compensation for the expropriation of the national oil company YPF.
Islamic bonds to be issued by Emirates Airline. The world's largest airline in terms of international traffic, Emirates Airline would begin holding meetings with investors for the possible sale of Islamic bonds called sukuks.
China Fishery Group offered to purchase Copeinca, thus moving the Peruvian firm to seek proper financial advice.
UK government to divest shares in RBS. The Royal Bank of Scotland reported its highest profit since the market crash of 2008. This can lead to the eventual sale of the UK government's 82% share in the bank.
