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U.S. repo rate rises ahead of Fed repo operation

The interest rate on U.S. overnight repurchase agreements climbed early Friday in advance of an operation conducted by the New York Federal Reserve which may add up to $75 billion in temporary cash in the U.S. banking system.

FILE PHOTO: The Mediaset tower is seen in Cologno Monzese neighbourhood...

Peninsula fund gives Mediaset insurance in Vivendi dispute

A private equity firm led by former bankers from top Italian investment house Mediobanca has agreed a backstop worth up to 1 billion euros ($1.1 billion) to help Mediaset ensure safe passage for its plans to create a pan-European TV player.

Blackstone to buy five hotels in Greek islands

Blackstone Real Estate Partners Europe, a unit of U.S. private equity firm Blackstone Group , agreed to buy five hotels in Greece from Louis Group in a deal valued at 178.6 million euros ($197 million), the firm said on Friday.

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