Japan-based gaming company Nintendo will temporarily take down its eShop for 12 hours beginning 4:00 pm Eastern Standard Time to remedy high traffic and merger issues, according to The Next Web.
United Kingdom
Hedge funds seen to snatch risky opportunities US and foreign banks now avoid
While US and foreign banks do away with risky investments like municipal bonds, hedge funds had taken advantage with the loss of a competitor and increased their positions in such assets, a Barron's report said.
Increased merger activity will carry over to next year - report
The general consensus of research firms and mergers and acquisitions (M&A) experts believed that the brisk activity of dealmaking will keep its momentum till the next year.
SAC portfolio managers to join rival hedge fund Balyasny in London
SAC Capital Advisors UK's Massimo Amati, Stanislas de Caumont and Robert Harris have agreed to join rival hedge fund Balyasny Asset Management. Other portfolio managers and analysts are departing SAC after the firm decided to shut down its London office.
Tesco-Tata-owned Trent Hypermarket joint venture gets green light from Indian regulator
British retailer Tesco's $110 million investment in Tata-owned Trent Hypermarket has received approval from India's Department of Industry Policy and Promotion (DIPP). This will pave the way for Tesco to get a clearance from the country's Foreign Investment Promotion Board (FIPB).
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Huawei Technologies Co and ZTE Corp have asked regulators to make sure that Microsoft's takeover of Nokia's handset business will not result to increased patent fees in wireless technology, according to sources who talked to Bloomberg.
The Development Bank of Japan will acquire a 24.95% stake in the Gunfleet Sands Facility, a 172-megawatt offshore wind project located in England. DBJ will buy the stake from Marubeni Corp., which bought its holding originally for $329 million.
York, UK-based air conditioning and refrigeration technology services provider Cooltec Services has attracted £40,000 in business loan from Finance Yorkshire for its much-needed working capital.
A holiday shopping season slump failed to materialize in the UK as shoppers flocked to stores on Boxing Day, giving British retailers a boost, The Telegraph reported.
While shoppers in the UK and the US spent more for the holidays this year, the profit margin for retailers remains in doubt due to steep discounts, the Financial Times reported.
The problems of Britian-based insurer RSA is a reminder that politicians, regulators and the general public should also put the spotlight on insurance companies and not just banks.
The UK government is mulling on rule changes that would make it easier for small and medium-sized businesses (SMBs) to obtain funding from alternative financiers and new banks.
Toshiba Corp is presently still in talks to buy a 50% stake in Britain-based NuGen nuclear consortium although the involved parties have yet to reach a deal, according to Toshiba Chief Executive Officer Hisao Tanaka.
Singapore's sovereign wealth fund GIC was named as British Land's new partner in London's Broadgate office and retail complex on Tuesday, buying out U.S. private equity group Blackstone for around 1.7 billion pounds.
