The first renminbi qualified foreign institutional investor exchange traded fund or RQFII ETF listed in the London Stock Exchange was launched by Hong Kong-based CSOP Asset Management and London-based Source, Reuters reported.
United States
FXCM in talks to buy assets of struggling high-speed trader Infinium
Foreign-exchange broker Forex Capital Markets (FXCM) said it was in talks with high-speed trader Infinium Capital Management to buy its assets. FXCM last year bought a $12 million note issued by the struggling high-speed trader.
US regulator wins lawsuit challenging merger of Bazaarvoice Inc and PowerReviews Inc
The US Justice Department won a case challenging the 2012 acquisition of Power Reviews Inc by rival online product review software maker Bazaarvoice Inc, Bloomberg reported.
Malaysia's Genting inks agreement with US partners to build Miami gaming resort
Genting Malaysia Group, which is majority owned by Genting Bhd, has signed an agreement with American groups Gulfstream Park Racing Association, Florida Horsemen's Benevolent & Protective Association and Florida Thoroughbred Breeders' Association to build a gaming resort in Miami, Florida.
Black Hills Corp to acquire Wyoming gas utility assets in $6M deal
South Dakota, US-based energy firm Black Hills Corp inked a deal to acquire gas utility MGTC's gas transmission and distribution utility assets in northeastern Wyoming in a deal valued at $6 million.
Latest News
Al Glowasky, a veteran investment banker with more than 30 years of investment banking experience in his belt, will be joining Performance Trust Capital Partners as Managing Director in the West Coast region
Internet giant Yahoo was earlier reported to have bought San Francisco-based startup Aviate for an undisclosed amount, but now a source familiar with the deal revealed that the acquisition was valued at $80 million.
Private equity firm Blackstone Group and property developer Panchshil Realty have emerged frontrunners for buying Citibank's old headquarters in Mumbai, India. The Blackstone-Panchshil combine have jointly bid INR186 crore for Citigroup Center.
Illinois, US-based marketing technology company Ifbyphone raised $9 million in a Series D funding round led by growth equity firm River Cities Capital Funds to beef up its workforce.
Santander Consumer USA Holdings is seeking a valuation of as much as $8.4 billion in its initial public offering. The auto loan company owned by Spain's Banco Santander as well as private equity firms expects to raise $1.56 billion in the listing.
New Jersey, US-based business analytics firm raised $4.8 million in a funding round from Richard Braddock and Amarpreet Sawhney to create tools that help companies understand their customers.
Addison Capital portfolio company Gowanda Holdings said it had bought Los Angeles, California RF and microwave filters designer and maker TTE Inc for an undisclosed amount.
San Francisco, US-based big data firm Radius raised $13 million in a funding round led by Formation8 Partners to spot great leads and improve workflows for salespeople.
New York, US-based firm Apollo Global Management LLC announced on Thursday that it had raised $17.5 billion for the Apollo Investment Fund VIII, the largest private equity fund raised since the financial crisis.
