South Africa’s Treasury said on Tuesday it had allocated 400 million rand worth of the R204 government bond due in 2018 at a clearing yield of 8.4 percent at its weekly debt market auction.
The yield was slightly down on the previous auction when it was at 8.43 percent on Sept 18.
Bids for the bond totalled […]

Ensemble Chimes Global, the staffing arm of bankrupt payroll services company Axium, was sold at auction Wednesday for nearly $8.1 million.
MPS Group, a staffing company headquartered in Jacksonville, Fla., bought the unit, according to court-appointed trustee Howard Ehrenberg.
The only other bidder was Barry Olson — original founder and former president of ECG — in conjunction […]

Prices on the world oil market according to the results of auctions held on January 21, 2008, on leading oil stock exchanges fell down, reports RosBusinessConsulting.
Official oil futures of the closest month of delivery amounted:
- on InterContinental Exchange Futures in London - IPE Brent Crude - 87,36 (-1,87) USD/barrel;
- on New York Mercantile Exchange - […]

Ukraine’s government has decided to sell 67 percent of Ukrtelecom, the latest move in 10 years of attempts to privatize a major stake in the dominant fixed-lined telecoms operator.
Russian telecoms operators welcomed the move, though with already large stakes in Ukraine’s quickly growing mobile phone sector, few seemed interested in buying the chiefly fixed-line company.
Transport […]

Korea Express, the largest logistics company in South Korea, is reported to have been brought by a consortium led by Kumho-Asiana Group, giving one of the country’s biggest conglomerates a platform to become a global logistics player.

The SBP failed to meet its target in the Treasury bill auction held on Wednesday, as the dealers chose to wait for the forthcoming monetary policy.
“Monetary policy is to be announced by the end of this month. Nobody wanted to invest his money for one year when he sees the interest rate going up […]

LookSmart, Ltd. (NASDAQ:LOOK), an online advertising and technology solutions company, today announced that it has commenced its previously announced modified Dutch Auction self-tender offer for up to 4,825,000 shares of its common stock, at a price in the range of $3.40 to $4.15 per share, for a maximum aggregate purchase price of approximately $20 million. […]

The deputy chairman of the State Property Fund (SPF), Dmytro Parfenenko, suggests privatizing Ukrtelecom via an open auction. With this announcement the SPF canceled its previous plan to privatize UTEL by selling a 37.9% stake on international stock exchanges and 5% on the PFTS stock exchange. This old plan failed because the SPF was only […]

GMAC-SAIC Automotive Finance Co, a joint venture between General Motors Corp and China’s largest automaker, Shanghai Automotive Industry Corp, said it plans to issue 1.9 billion yuan ($260.71 million) in bonds backed by car loans on the interbank money market on January 15.
In a statement posted on the official Chinabond website (www.chinabond.com.cn), the company said […]

High-speed wireless start-up Frontline has discontinued operations after failing to raise the necessary funds needed to bid for the Federal Communication Commission’s auction of the 700-megahertz spectrum.
In a statement to the press, the company said: “Frontline is closed for business at this time. We have no further comments.”
Frontline was co-founded by Federal Communication Commission chairman […]