Croatia’s central bank accepted offers worth 3.5 billion kuna ($704.3 million) from local banks at its weekly reverse repo auction of finance ministry treasury bills on Wednesday.
Total bids in the amount of 6.21 billion kuna were almost as high as at the last auction, when they totalled 6.51 billion kuna, with bid rates varying from […]

Open auctions on the sale of the ‘third wave’ sales companies were held on November 27. These are Vladimir EWC OJSC, Lipetsk EWC OJSC and Tula EWC OJSC, in which RAO UES had 49% shareholdings. The start prices determined by independent appraisers were set at RUR290 million for 49% in Vladimir EWC, RUR250 million for […]

Panama’s public services regulator, Asep, has postponed to Dec. 21 the deadline for investors to submit prequalification applications for the auction of two mobile telephony licenses.
In a press release posted on its Web site Monday, Asep said it moved the deadline from Friday at the request of three interested parties.
Asep plans to open bids and […]

In filings with the FCC posted late last week, Google seeks assurances that if it reveals a winning auction bid in financial statements with the Securities and Exchange Commission, it won’t be violating auction rules. In addition, the company asks for clarification that companies winning a chunk of spectrum won’t be prevented from providing different […]

OGX, the oil exploration unit of Brazilian holding company EBX, won most of the first high-potential oil and natural gas blocks in a Brazilian government auction Tuesday of exploratory blocks.
OGX paid more than 800 million Brazilian reals ($430 million) for stakes in seven blocks in Brazil’s prolific Campos Basin. In five of the blocks, OGX […]

Northern Rock is poised to name a consortium led by Richard Branson’s Virgin Group as favourite to buy the bank, the BBC has learned.
BBC business editor Robert Peston has discovered that the bank will name the group its preferred bidder on Monday.
Virgin’s bid, which has been approved by the Treasury, includes an immediate repayment of […]

Ikon Office Solutions said late Tuesday that it will buy back $500 million of its common stock.
The plans include selling $295 million of the total in a Dutch auction at between $13 and $15 a share, which would be a premium over Tuesday’s closing price of $10.62. Ikon shares were trading up 18 percent Wednesday […]

Brazil’s central bank said on Wednesday it would hold an auction to buy dollars on the spot foreign exchange market as part of an effort to boost internationa currencyl reserves.
The Brazilian real was 0.68 percent weaker at 1.779 per dollar shortly after the announcement.
The bank resumed buying dollars in early October after a two-month hiatus […]

MuniAuction, is an innovative system of auctioning fixed-income securities over the Internet.
The firm now known as the Grant Street Group has conducted to date more than 82,000 auctions over the Internet whose securities total more than $9.1 trillion. The firm counts more than 1,800 institutional clients, from the city to the Commonwealth of Pennsylvania […]

Delphi Corp. has won preliminary court approval to sell some of its brake-operations assets to TRW Automotive Holdings Corp. for $42.6 million.
Judge Robert Drain of the U.S. Bankruptcy Court in Manhattan on Friday authorized Delphi to complete an auction by the end of November. The sale would involve inventory and equipment used in Delphi’s brake […]