NEWS
December 2010
31 Dec 2010
U.S. securities regulators are looking at how investors trade shares in privately held social networking leaders Facebook, Twitter, Zynga and LinkedIn, according to media reports...
31 Dec 2010
Drugstore chain CVS Caremark agreed to buy Universal American's Medicare prescription drug business for about $1.25 billion...
30 Dec 2010
Former Obama administration auto industry czar Steven Rattner has agreed to pay $10 million to resolve two lawsuits by New York's attorney general related to alleged kickbacks involving the state's pension fund...
30 Dec 2010
The state of Minnesota sued 3M Co, saying that the company contaminated the state's waters for decades with chemicals used in some of its best known products, including Scotchgard stain repellent...
30 Dec 2010
U.S. municipal bond issuance reached a record-high $429 billion in 2010, while taxable Build America Bonds made up 27.4 percent of new deals...
30 Dec 2010
Israeli defence electronics firm Elbit Systems has acquired the Brazilian companies Ares Aeroespecial e Defesa SA and Periscopio Equipamentos Optronicos SA...
30 Dec 2010
VOC Energy Trust, a Delaware statutory trust, filed with U.S. securities regulators to raise up to $200 million in an initial public offering of its units...
30 Dec 2010
Carlyle Group has sold an about $860 million stake in China Pacific Insurance (Group) Co Ltd, a source with direct knowledge of the matter told Reuters, as the private equity fund...
29 Dec 2010
A payments dispute between India and Iran escalated after Tehran refused to sell oil to India under New Delhi's prohibitive new rules, sources on both sides said on Wednesday...
29 Dec 2010
JPMorgan Chase & Co and several other defendants were sued by the receiver for Minnesota businessman Tom Petters, who accused them of missing clues that would have alerted them to...
29 Dec 2010
True Corporation Pcl. Its unit Real Move will buy the Thai CDMA business of Hutchison Telecommunications International Ltd, the Thai telecoms company said in a statement to the stock exchange...
29 Dec 2010
Mizuho Financial Group plans to buy preferred shares in Orient Corp from Morgan Stanley and Kohlberg Kravis Roberts for about 30 billion yen ($368 million), a source familiar with the matter said on Thursday...
29 Dec 2010
Sony Corp has filed a patent infringement complaint seeking to block LG Electronics Inc from shipping smartphones such as its Rumour 2 model to the United States...
29 Dec 2010
Set-top box maker Technicolor said on Wednesday that it will issue new shares worth about 213 million euros to pay back creditors after it failed to sell assets in its restructuring process fast enough...
29 Dec 2010
U.S. prosecutors on Wednesday arrested a California woman on charges of leaking secrets about technology companies to two hedge funds in exchange for illegal payments, marking the sixth recent arrest in their big probe into insider trading....
29 Dec 2010
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Wednesday...
29 Dec 2010
An Ohio pension fund has sued Wells Fargo & Co to recover losses suffered when its...
29 Dec 2010
The Justice Department wants swaps markets regulators to be a lot tougher in their proposals to...
29 Dec 2010
A California woman has been arrested on charges of leaking secrets about technology companies to...
29 Dec 2010
Shares of junior Canadian miners with rare earth prospects gained sharply on Wednesday as manufacturers and investors eyed alternative producers of the minerals after main supplier China slashed export quotas...
29 Dec 2010
China will consider taking part in financing various projects in Hungary and also possibly in debt financing, Hungarian Development Minister Tamas Fellegi told local news website index.hu on Wednesday...
29 Dec 2010
Hermes should find out in January whether it will have to buy out minority shareholders as part of plans to create a family holding to ward off rival LVMH, French markets regulator AMF said...
29 Dec 2010
Raymond James Financial Inc said on Wednesday it had agreed to buy a Chicago-based brokerage firm that will add $1.9 billion in assets to its wealth management business...
29 Dec 2010
Property developer Plaza Centres N.V. said its U.S. joint venture has signed an agreement to acquire seven U.S. shopping centres for $75 million (48 million pounds) from...
29 Dec 2010
Nunavut Iron Ore said on Wednesday it was raising its bid for Baffinland Iron Mines to C$1.40 a share for 60 percent of the company's shares, challenging ArcelorMittal's friendly bid of C$1.25 a share for all of the shares...
29 Dec 2010
Allstate Corp has sued Bank of America Corp, its Countrywide lending unit and 17 other defendants for...
29 Dec 2010
The U.S. securities regulator is looking into trading in privately-held Internet companies including Facebook and Twitter, media reports said, citing people familiar with the inquiry...
29 Dec 2010
American real estate company Simon Property Group said it had agreed on the terms for a 3 billion pound ($4.6 billion) loan to help its possible takeover bid for Capital Shopping Centres...
29 Dec 2010
Microsoft Corp co-founder Paul Allen relaunched a wide-ranging patent lawsuit against Apple Inc...
29 Dec 2010
SAP AG must pay Oracle Corp prejudgment interest on a recent $1.3 billion copyright infringement verdict, but not at the formula suggested by Oracle, according to a judge's ruling filed...
29 Dec 2010
Groupon Inc, the fast-growing online coupon seller, has been authorized to raise up to $950 million in what would be the biggest round of equity financing by any company since Pixar in 1995...
29 Dec 2010
A private equity fund held by state-run Korea Development Bank completed its acquisition of new shares worth 1 trillion won ($874.8 million) in Daewoo Engineering & Construction Co Ltd...
28 Dec 2010
China's Commerce Ministry said on Wednesday it would not issue more export quotas for foreign companies as it did last year and the first set of volume totaling 14,446 included those for foreign firms...
28 Dec 2010
Tougher capital rules may be required for China's biggest lenders that are systemically important, the head of the banking regulator was quoted by the official China Securities Journal as saying on Wednesday...
28 Dec 2010
Russia plans to change a key law regulating foreign investment in so-called "strategic" sectors in 2011 in a bid to bring "smart" money into the country, Prime Minister Vladimir Putin said on Tuesday...
28 Dec 2010
Washington Mutual Inc reached agreement to extend a key deadline in its $10 billion settlement that is at the end of its plan to end its bankruptcy, according to a court filing...
28 Dec 2010
RUSAL has rejected an offer to sell its 25 percent stake in Norilsk Nickel to the company, the world's biggest nickel and palladium producer said on Tuesday...
28 Dec 2010
Two separate groups of iPhone and iPad users have sued Apple Inc alleging that certain software applications...
28 Dec 2010
The administrator of BP Plc's $20 billion compensation fund has paid $43 million to residents of the U.S. Gulf Coast who agree not to sue the company for damages stemming...
28 Dec 2010
Barnes & Noble Inc lost its bid to dismiss Spring Design Inc's lawsuit accusing the largest U.S. bookseller of illegally copying a screen design for the popular Nook electronic book reader...
28 Dec 2010
Ally Financial Inc, the lender formerly known as GMAC, said it agreed to pay $462 million to...
28 Dec 2010
U.S.-based Nasdaq OMX Group is looking at having a second stab at setting up a market in Japan with the Osaka Securities Exchange, hoping to attract investors from emerging Asian economies, domestic media reported...
28 Dec 2010
Chinese housing prices are on track to dip early next year, with tighter monetary policy and rising inventories combining to take some air out of a market that some fear could yet swell into a bubble...
28 Dec 2010
Taiwan's Hon Hai Precision Industry Co will buy a majority stake in a Hitachi Ltd display unit for about $1.2 billion, making it the world's top ranked maker of small and medium sized LCDs, the Nikkei newspaper said on Monday…
28 Dec 2010
Russia’s competition watchdog sees no major issues with PepsiCo’s plan to buy juice and dairy company Wimm-Bill-Dann…
28 Dec 2010
China's central bank took aim at inflation once again on Monday by saying it will control lending and money growth in the world's second-biggest economy to head off price pressures and asset bubbles…
27 Dec 2010
Bailed-out insurer American International Group took another step toward winding down its...
27 Dec 2010
India's Bombay Stock Exchange along with Taqwaa Advisory and Shariah Investment Solutions launched a Shariah compliant index on Monday in an effort to attract more investors from India and abroad...
27 Dec 2010
Brazilian food giant JBS, the world's largest beef producer, is in "advanced stages" to sell 4 billion reais ($2.36 billion) of bonds to state development bank BNDES...
27 Dec 2010
South Korea's Hana Financial Group will extend the deadline for expressions of interest in a $1 billion share sale to help fund its planned acquisition of Korea Exchange Bank...
26 Dec 2010
Egypt has adopted a stimulus plan with the aim of injecting 10 billion-20 billion pounds ($1.72 billion-$3.44 billion) into the economy in the 2011 calendar year, the country's finance minister said on Sunday...
24 Dec 2010
The U.S. Justice Department has opened a criminal investigation into small Swiss regional banks which may have helped Americans evade taxes, the New York Times reported...
24 Dec 2010
Private equity firm Apollo Management is buying a $2.8 billion portfolio of commercial real estate loans from Credit Suisse for $1.2 billion, the Wall Street Journal reported on its website on Thursday...
24 Dec 2010
Wal-Mart Stores Inc, the world's largest retailer, has invested in China's top online seller of consumer electronics and communication products, in a push to extend its reach to more Chinese buyers...
23 Dec 2010
Constellation Brands Inc, the world's No. 1 winemaker, will sell most of its operations in Australia, Britain and South Africa to focus on its most profitable brands and shore up its balance sheet...
23 Dec 2010
There are no quick fixes for Europe's debt crisis and China must be on the alert for any escalation of the problem, especially in January and February, China's Commerce Minister Chen Deming was quoted as saying on Friday...
23 Dec 2010
Sinovel Wind, China's largest wind turbine producer, plans to kick-start premarketing for its 3.45 billion yuan ($519.2 million) IPO in Shanghai from Dec. 27, the company said on Friday...
23 Dec 2010
Merger activity among reinsurers looks set to rise due to the combination of low interest rates and low prices for reinsurance products, the European Union's insurance watchdog said...
23 Dec 2010
Municipal advisers will be subject to the same fair dealing rule as brokers and dealers in the municipal bond market after the U.S. Securities and Exchange Commission approved the change...
23 Dec 2010
Intercontinentalexchange Inc said on Thursday it withdrew an application to register its credit default swaps trading as a derivatives clearinghouse with...
23 Dec 2010
China has refused repeated U.S. requests to eliminate export restraints on rare earths that have created concern among its trading partners, the U.S. Trade Representative's office said on Thursday...
23 Dec 2010
ACS, Spain's largest builder, has lifted its holding in German peer Hochtief above 30 percent, allowing the Spanish predator to build a controlling stake in the open market...
23 Dec 2010
Fabric and crafts retailer Jo-Ann Stores Inc said it agreed to be bought by...
23 Dec 2010
Independent energy company Petrohawk Energy Corp said it has sold its natural gas assets in the Fayetteville shale, Arkansas to Exxon Mobil Corp unit XTO Energy for $575 million...
23 Dec 2010
India's top mobile phone operator Bharti Airtel on Thursday said it had launched an underground cable link between India and China, with China Telecom...
23 Dec 2010
Brazilian dairy producers Bom Gosto and LeitBom agreed late on Wednesday to merge their businesses, in a bid to compete in global markets...
23 Dec 2010
Rovi Corp will pay $720 million in cash and stock to buy Sonic Solutions, which owns the popular digital video player software DivX, in a bid to broaden its footprint across the digital entertainment space...
23 Dec 2010
China plans to tighten up rules governing sponsors of initial public offerings after a surge of new issues this year sparked concerns about the quality of disclosure in IPO prospectuses...
23 Dec 2010
Shares of China's Zoomlion , which makes and leases heavy industrial equipment, rose 8 percent in its Hong Kong debut as investors chased its exposure to...
23 Dec 2010
South Korea's largest crude oil refiner SK Energy Co Ltd said on Thursday it would sell a 2.7 trillion won stake in SK do Brasil Ltd, a subsidiary in Brazil...
23 Dec 2010
Anglo-Australian miner Rio Tinto has offered $3.9 billion to buy African-focused rival Riversdale in an agreed deal to tap soaring demand for coking coal but investors are betting on a possible bidding war from...
23 Dec 2010
Security concerns on third-generation (3G) video calls will be resolved soon, India's telecoms minister Kapil Sibal said on Thursday...
23 Dec 2010
An intensifying scramble for funds in China's money market on Thursday supported the case that the People's Bank of China (PBOC) had overestimated pressure from capital inflows, potentially forcing it to pause until at least February...
23 Dec 2010
Rent-A-Center Inc said it acquired privately-owned The Rental Store Inc for $75.5 million, in a deal that will add 145 kiosk locations to the furniture and appliance rental company's current base...
23 Dec 2010
China's CNPC and Kazakh state energy firm KazMunaiGas this week began laying a pipeline spur from southern Kazakhstan that will join the massive Central Asia-China gas trunk line...
22 Dec 2010
Australia's financial market regulator has sued the Commonwealth Bank of Australia, Macquarie and Bank of Queensland, alleging wrongdoing in relation to...
22 Dec 2010
Six bank holding companies repaid a total of $2.7 billion in federal bailout funds they received during the financial crisis, the Treasury Department said...
22 Dec 2010
The Ontario Securities Commission (OSC), Canada's major securities regulator, wants to get tougher with white collar criminals, and that may mean handing out more jail time...
22 Dec 2010
Baffinland Iron Mines agreed on Wednesday to drop its plan for defending against a hostile bid from Nunavut Iron Ore after its friendly suitor ArcelorMittal said it would not...
22 Dec 2010
A lawsuit filed against Philip Falcone charges that the investor took advantage of his position in engineering a stock swap between his hedge fund and...
22 Dec 2010
Google Inc's Internet search algorithm is the technology world's equivalent of the Coca-Cola formula: a top-secret corporate crown jewel...
22 Dec 2010
The Swiss government kicked off the legal process to tighten regulation of its biggest banks, UBS and Credit Suisse, in order to prevent a bank failure crippling the country...
22 Dec 2010
Deutsche Bank's settlement of a U.S. tax fraud case has raised expectations of similar deals being struck by other banks, although there was relief that the $553.6 million cost to the German bank would not hit its earnings...
22 Dec 2010
Dubai-based ports operator DP World moved to cut its debts with the sale of 75 percent of its Australian operations to private equity firm Citi Infrastructure Investors (CII) for $1.5 billion...
22 Dec 2010
Three Chinese companies will issue China's first "super & short-term commercial paper" (SCP), its financial markets industry association said, a step forward in encouraging innovation in...
22 Dec 2010
The China Insurance Regulatory Commission is planning to tighten regulations for insurance firms raising capital through subordinated debt...
22 Dec 2010
Canadian billionaire Frank Stronach is set to give up control of MI Developments, the property arm of Magna International, in exchange for horse racing track assets...
21 Dec 2010
Cheung Kong (Holdings) Ltd Chairman Li Ka-shing is planning a rental property spinoff in mainland China through a yuan-denominated Real Estate Investment Trust (REIT), the Hong Kong Economic Times reported on Wednesday...
21 Dec 2010
Global miner Rio Tinto is finalising a $3.8 billion takeover bid for Africa-focused Riversdale , according to sources, upping an earlier offer as it seeks to gain key coking coal supplies amid soaring demand from India and China...
21 Dec 2010
Shareholders of Hyundai Engineering & Construction Co Ltd will decide next week whether to name the Hyundai Motor Group consortium as preferred bidder for its $4.8 billion stake sale...
21 Dec 2010
Budget shortfalls will restrict the U.S. Securities and Exchange Commission's work, its chairman said, limiting the SEC's ability to police credit rating agencies...
21 Dec 2010
Teva Pharmaceutical Industries Ltd said it has reached a deal with Japanese drugmaker Takeda Pharmaceutical Co that settles their patent infringement litigation over Takeda's widely used diabetes drug Actos...
21 Dec 2010
From Wall Street to the City of London to Hong Kong's Central District, bankers are bracing for bonuses to be down 7 percent on average from a year ago, and higher salaries will only partially cushion the hit, a Reuters/IFR global poll shows...
21 Dec 2010
Giant accounting firm Ernst & Young was sued by New York prosecutors over allegations it helped to hide Lehman Brothers' financial problems, in the...
21 Dec 2010
Two San Francisco-based investment adviser firms settled civil charges over defrauding investors in a $100 million hedge fund that invested in subprime automobile loans...
21 Dec 2010
The U.S. futures regulator said on Tuesday it has fined two natural gas traders for a fraudulent trade allocation scheme and permanently banned them from trading...
21 Dec 2010
Deutsche Bank admitted criminal wrongdoing for taking part in fraudulent tax shelters and agreed to pay $553.6 million to settle the case, U.S. prosecutors said...
21 Dec 2010
U.S. communications regulators adopted Internet traffic rules that prevent providers from...
21 Dec 2010
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0400 GMT on Tuesday...
21 Dec 2010
Accounting firm Ernst & Young was sued by New York regulators, accused of helping to hide financial...
21 Dec 2010
The world's major central banks said on Tuesday they would extend emergency supplies of U.S. dollar funding to money markets, in a sign that authorities remain concerned about financial instability as...
21 Dec 2010
Ireland's central bank fined Allied Irish Banks (AIB) 2 million euros ($2.6 million) for overcharging customers and said such penalties would play a bigger role in future crackdowns on lenders...
21 Dec 2010
U.S. regulators may force big financial firms to award half or more of their executive pay in the form of stock or other deferred compensation instead of cash, the Wall Street Journal said, citing people familiar with the situation...
21 Dec 2010
Toronto-Dominion Bank will buy Chrysler Financial from private equity firm Cerberus Capital Management for $6.3 billion, joining the throng of Canadian institutions expanding foreign operations...
21 Dec 2010
Toyota Motor has agreed to pay the maximum fine of $32.4 million related to two U.S. probes into its handling of a spate vehicle recalls which hurt sales and tarnished its once impeccable reputation for quality...
21 Dec 2010
Rupert Murdoch's News Corp has won unconditional approval from the European Commission for its bid to acquire pay-TV operator BSkyB but still faces scrutiny by the communications watchdog...
21 Dec 2010
Lend Lease is to buy Bilfinger Berger's Australian construction business Valemus for at least A$1.055 billion ($1.05 billion) to expand market share and keep skilled workers...
21 Dec 2010
EU regulators approved billions of euros in state aid for Anglo Irish Bank, Allied Irish Bank and Irish Nationwide Building Society on Tuesday, and said two of them would have to be wound up...
21 Dec 2010
Dutch group DSM, the world's largest vitamins maker, is buying U.S. baby food ingredients maker Martek Biosciences...
21 Dec 2010
A Turin court cleared on Tuesday three top executives of Fiat's holding group Ifil, now merged into Exor, of charges of market manipulation in connection with a deal to...
21 Dec 2010
Moody's Investor Service said on Tuesday it may downgrade Portugal's A1 rating by one or two notches after a review as it cited concerns about the country's weak growth prospects and high borrowing costs...
21 Dec 2010
Alpha Natural Resources has made an offer for rival U.S. coal miner Massey Energy, the Wall Street Journal reported, citing members of Massey Energy's board...
21 Dec 2010
Regulators are looking into the events surrounding Mark Hurd's abrupt exit as chief executive of Hewlett Packard Co, a source familiar with the matter said on Monday...
21 Dec 2010
The U.S. Securities and Exchange Commission has begun a probe into Chinese companies listing on U.S. stock exchanges through reverse takeovers...
20 Dec 2010
South Korean President Lee Myung-bak plans to hold a national security council meeting on Tuesday after the country's military conducted live-fire drills on Monday on an island hit by a North Korean artillery attack in November...
20 Dec 2010
China supports efforts by the EU and the International Monetary Fund to calm global markets in the wake of Europe's debt crisis but is keen to see more results from the measures, Vice Premier Wang Qishan said on Tuesday...
20 Dec 2010
China Southern Airlines Co Ltd said its stake in Xiamen Airlines will decrease to 51 percent, from 60 percent after Hebei Aviation Investment Group injects 1.46 billion yuan ($218.8 million) into the unit...
20 Dec 2010
Global miner Rio Tinto is talking to Australian-listed coal miner Riversdale about a higher $3.8 billion takeover bid, according to a media report, ahead of a possible bidding war for the African-focused target...
20 Dec 2010
Indonesia's Bumi Resources plans to repay $600 million debt this month and another $1 billion next year, said director Dileep Srivastava...
20 Dec 2010
Major U.S and Swiss investment banks are considering paying higher salaries and lower bonuses to bankers based in Europe following a regulatory clampdown, the Financial Times said on Tuesday...
20 Dec 2010
Internet video service Hulu is ditching plans to go public for now, choosing to focus on other financing options and new subscription models to expand a nascent pay-video business, the Wall Street Journal reported on Monday...
20 Dec 2010
Webster Financial Corp said it will sell 6.6 million shares and use the proceeds to buy back...
20 Dec 2010
The U.S. Federal Reserve does not believe any one hedge fund can topple the financial system and therefore the private pools of capital may escape direct supervision by...
20 Dec 2010
Canada's financial services regulator is asking the country's banks to take a deeper look at their consumer lending practices as concerns rise about Canadians' household debt...
20 Dec 2010
A former sales executive at clothing marketer Carter's committed financial fraud by manipulating the amount of discounts granted to one of the company's largest customers...
20 Dec 2010
Hedge fund Seneca Capital rejected a planned takeover of Dynegy Inc by Carl Icahn...
20 Dec 2010
Pipeline operator Buckeye Partners LP will buy an 80 percent stake in Bahamas Oil Refining Co International from private equity firm First Reserve Corp for $1.36 billion...
20 Dec 2010
Web commerce company eBay Inc said it would buy brands4friends, Germany's largest online shopping club, for about $200 million in cash to strengthen its European business...
20 Dec 2010
Hypermarcas, the largest Brazilian maker of personal hygiene products, said it would buy pharmaceutical company Mantecorp for 2.5 billion reais ($1.5 billion)...
20 Dec 2010
No. 2 U.S. mobile service AT&T Inc said it agreed to buy mobile television spectrum licenses from Qualcomm Inc for $1.93 billion, to provide advanced 4G mobile broadband...
20 Dec 2010
Malaysia's PLUS Expressways received a 26 billion ringgit ($8.3 billion) offer from local firm Jelas Ulung Sdn Bhd, making it potentially the country's second-largest M&A deal...
20 Dec 2010
Noble Group, Asia's largest commodities trader, said on Monday it has signed a $950 million deal to purchase two sugar mills from Brazilian and ethanol group Cerradinho Holding...
20 Dec 2010
The Central Bank of Bahrain plans to stop managing the Bahrain Stock Exchange to focus on its role of regulating the bourse, an official said...
20 Dec 2010
Shareholders of Hyundai Engineering & Construction have agreed to disqualify Hyundai Group as preferred bidder in a $4.8 billion deal to buy control of the country's largest builder...
20 Dec 2010
South African energy group Sasol said on Monday it would pay $1.05 billion for a 50 percent stake in Canada's Talisman Energy Farrell Creek shale gas assets...
20 Dec 2010
The man assigned to recover money for Madoff's victims won his biggest settlement yet -- an agreement by the estate of longtime Madoff friend Jeffry Picower to give back...
20 Dec 2010
Australian wealth manager Perpetual has called off talks with private equity firm Kohlberg Kravis Roberts & Co over a $1.7 billion takeover saying the approach undervalued the company...
20 Dec 2010
Global banking regulators proposed on Monday that banks should only have to set aside small amounts of capital when dealing with supervised central counterparties...
19 Dec 2010
South Korea said on Sunday it would impose a levy on banks' foreign debt from late 2011, the latest capital controls it adopted to mitigate the impact a...
17 Dec 2010
New rules to limit speculation in commodity markets could move forward quickly, and with few alterations, after objections by the measure's most vocal supporter unexpectedly delayed a key vote...
17 Dec 2010
Bank of Montreal will buy troubled Wisconsin lender Marshall & Ilsley Corp for $4.1 billion in an all-stock deal, the biggest in a series of deals in which Canadian banks have snapped up weakened rivals...
17 Dec 2010
Citadel Broadcasting Corp rejected an unsolicited offer by Cumulus Media to buy the radio broadcaster for as much as $1 billion...
17 Dec 2010
The estate of Madoff insider Jeffry Picower agreed to give back $7.2 billion to settle civil claims on Friday, significantly boosting the amount available to repay thousands of investors swindled in the epic fraud...
17 Dec 2010
U.S. regulators have opened a new line of inquiry in their mortgage foreclosure probe and are asking big Wall Street banks about the beginning stages of mortgage securitization...
17 Dec 2010
Venezuela's parliament passed a bill making it easier for President Hugo Chavez to nationalize banks and trim their profits, part of a legislative onslaught to...
17 Dec 2010
Investors in Vallar Plc belatedly cheered a plan to transform the mining investment vehicle into an Indonesian coal group, pushing up the shares in the...
17 Dec 2010
Congress gave final approval late to the deal President Barack Obama and Republicans made to extend expiring tax cuts -- a high-stakes gamble to create jobs at a cost of deepening the U.S. debt...
17 Dec 2010
U.S. state and local governments faced the realization on Friday that in just 14 days they will no longer be able to sell taxable Build America Bonds, the federally subsidized debt created in the...
17 Dec 2010
The Financial Services Agency decided to ease the disclosure burden on foreign companies by permitting a wider range of reports in English, the Nikkei business daily reported...
17 Dec 2010
Britain fell in line with the rest of the European Union in introducing the world's toughest bank bonus curbs on Friday as politicians and the Bank of England stepped up...
17 Dec 2010
China's Changsha Zoomlion Heavy Industry Science and Technology Co Ltd, which makes and leases heavy industrial equipment, priced its Hong Kong IPO at...
17 Dec 2010
The Dutch Supreme Court ordered an end to KPNQwest's bankruptcy investigation, reducing the likelihood that administrators can recover 4.2 billion euros ($5.59 billion) in unpaid debt from...
17 Dec 2010
Mergers and acquisitions rose for the first year since 2007, potentially marking the start of a new, multiyear M&A cycle in which emerging economies account for a bigger share of global dealmaking...
17 Dec 2010
China will be able to keep a grip on inflation next year, but will have a harder time in coping with hot money inflows fanned by loose polices in the West, chief banking regulator Liu Mingkang said...
17 Dec 2010
Danske Bank, Denmark's largest financial institution, said impairments at its Irish bank would remain high next year as government austerity measures hurt demand...
17 Dec 2010
Turkey's central bank said on Friday that it is raising banks' short-term lira reserve requirements and lowering long-term ratios to extend maturities in the banking system in an effort to curb "hot money" inflows...
17 Dec 2010
South Korea cancelled its biggest ever financial sector privatisation and said it would consider alternatives including a private contract and block sale, after two key bidders dropped out...
17 Dec 2010
India's cash-rich firms will keep up their hunt for overseas targets in 2011 and may top this year's record outbound activity as they look for new overseas markets and to secure natural resources to feed surging demand...
17 Dec 2010
Broken deals, hostile offers and volatile markets put the skids on arbitrage funds this year, but traders are looking for a better year in 2011 as deal volume is set to rebound further...
16 Dec 2010
Nokia, the world's top cellphone maker by volume, has opened new fronts in Europe in its patent war with iPhone maker Apple, launching lawsuits in Germany and the Netherlands...
16 Dec 2010
American Express Co plans to buy the German marketing company Loyalty Partner for...
16 Dec 2010
The U.S. futures regulator on Thursday set out its most aggressive measures yet to prevent speculators from distorting commodity markets, but relented on several steps opposed by...
16 Dec 2010
Three technology executives and a salesman for an "expert network" firm were arrested and charged with leaking confidential information about companies including...
16 Dec 2010
BP said it was examining the possible sale of its Canadian natural gas liquids business as it seeks to raise up to $30 billion to pay for its Gulf of Mexico oil spill...
16 Dec 2010
Kuwaiti court said it would rule next week on a lawsuit from a Zain shareholder unhappy with Etisalat's $12 billion bid for a 46-percent stake in the Kuwaiti telecoms company...
16 Dec 2010
The chief U.S. derivatives regulator proposed that swaps could be traded on venues as transparent as stock markets, a second attempt at rules to establish where big swap transactions will be brokered...
16 Dec 2010
Chevron Corp said it would spend $4 billion to develop its Big Foot project in the Gulf of Mexico, even as tougher rules and higher costs loom for deepwater operators...
16 Dec 2010
U.S. securities regulators have charged an attorney for former financial adviser Kenneth Ira Starr with aiding Starr's alleged multimillion-dollar fraud...
16 Dec 2010
After agreeing to a $960 million takeover by Dell Inc, Compellent Technologies Inc has...
16 Dec 2010
Bank of America has appealed a bankruptcy court order that it must pay Lehman Brothers Holding Inc about $595 million, according to court documents...
16 Dec 2010
The British arm of Dutch insurer Aegon is to pay out 62.8 million pounds ($98 million) in fines and compensation after poor administrative procedures led it to...
16 Dec 2010
India's Hero Group said on Thursday it would buy Japanese automaker Honda Motor Co's 26-percent stake in their joint venture Hero Honda Motors in a phased manner...
16 Dec 2010
Retail sales below forecast in November...
16 Dec 2010
Russia's flagship airline Aeroflot said it would buy 16 new Boeing 777s over the next six years as it strives to plug the gap created by the repeatedly delayed 787 Dreamliners...
16 Dec 2010
International Power shareholders on Thursday are set to approve a project under which French utility GDF Suez would take control of the British company to create the world's largest utility...
16 Dec 2010
China could launch a new agency next week to speed the consolidation of state-owned firms, two industry sources said on Thursday, a step towards creating a smaller, more powerful group of national champions in key industries...
16 Dec 2010
Japan's government approved tax guidelines for the next fiscal year on Thursday that would lower the burden on companies and raise taxes on the wealthy to boost job creation and...
16 Dec 2010
India's Supreme Court said on Thursday it will oversee a widening investigation into allegations of corruption in the sale of telecoms licences worth billions of dollars, a scandal touching the heart of government...
16 Dec 2010
The Obama administration launched a legal battle against BP Plc and its partners by suing them for...
16 Dec 2010
Global regulators said on Thursday that banks in low debt countries like Australia and Denmark will get more leeway to comply with new liquidity rules that will force lenders to...
15 Dec 2010
The groundwork is in place for a stable yuan because China's current account surplus is trending down and other currencies have been swirling about in choppy trade, an official newspaper said on Thursday...
15 Dec 2010
Twitter has raised $200 million of financing in a deal that values the microblogging company at $3.7 billion, less than a year after it began its first serious efforts to make money...
15 Dec 2010
Billionaire investor Carl Icahn struck a deal to buy power producer Dynegy Inc...
15 Dec 2010
Creditors of Lehman Brothers Holdings Inc, including hedge fund Paulson & Co, may file a competing reorganization plan for distributing the bank's assets, a person familiar with the matter said...
15 Dec 2010
Capital Shopping Centres on Wednesday rejected an offer from Simon Property valuing it at 2.9 billion pounds ($4.5 billion) and postponed a vote on another deal that would have reduced Simon's stake in CSC...
15 Dec 2010
DirecTV Group will pay $14.25 million to all 50 states after a two-year investigation showed the satellite provider violated consumer practices with hidden fees and misleading advertisements...
15 Dec 2010
General Motors Co has bought back the government's holdings of GM preferred stock issued in the automaker's bailout for $2.1 billion, the U.S. Treasury Department said...
15 Dec 2010
Starwood Hotels will oversee the investment of $5 billion to build 35 new Sheraton hotels by 2013 -- half of them in China, the company told Reuters...
15 Dec 2010
Contentious Internet traffic rules facing a vote next week are likely to be adopted without radically veering from a proposal unveiled earlier in the month, analysts at Stifel Nicolaus said...
15 Dec 2010
Thousands of companies could be forced to reveal the source of metals and ores they use under a proposed U.S. rule aimed at...
15 Dec 2010
Ireland's parliament approved a multi-billion euro EU/IMF bailout package on Wednesday in the face of opposition threats to renegotiate the deal to force losses on some senior bondholders in Irish banks...
15 Dec 2010
Qatar does not plan to issue bonds to fund the 2022 soccer World Cup...
15 Dec 2010
Egyptian mobile operator Orascom Telecom Holding said on Tuesday Algerian authorities had given its local unit Djezzy a final $230 million tax request for the years 2008 and 2009...
15 Dec 2010
Syria's first treasury bill auction was at least twice subscribed but only government-owned banks won the paper...
15 Dec 2010
Your name is out there on the Internet, whether you like it or not, so you might as well take control of your online identity, says Harvard Business Review...
15 Dec 2010
A group of lenders to bankrupt Tribune Co withdrew its reorganization plan for the media company, leaving creditors with three other options when they begin voting on how to end the...
15 Dec 2010
Simon Property Group, in a struggle for control of Capital Shopping Centres, has proposed a 425 pence per share offer valuing Britain's biggest mall owner at about 3 billion pounds...
15 Dec 2010
U.S. tech giant Hewlett-Packard Co said on Wednesday it has won a $1.4 billion infrastructure technology outsourcing contract from German utility E.ON...
15 Dec 2010
The ruler of Dubai's decision this week to put trusted players in charge of debt-ridden conglomerate Dubai World suggests new resolve to reestablish the tarnished brand name of the freewheeling emirate...
15 Dec 2010
Brazilian state oil company Petrobras is in talks with France's Total to buy a stake in the Bolivian natural gas field Itau...
14 Dec 2010
China drew $91.7 billion in foreign direct investment (FDI) in the first 11 months of 2010, 17.7 percent more than in the same period of 2009, the Ministry of Commerce said on Wednesday...
14 Dec 2010
Australia unveiled reforms to its A$1.3 trillion pension funds industry on Thursday, aiming to tackle high management fees in a move that could trigger consolidation in...
14 Dec 2010
Japanese manufacturers' business sentiment worsened for the first time in nearly two years this quarter, a Bank of Japan survey showed, as they felt the pinch from a strong yen and slowing overseas growth...
14 Dec 2010
Commercial real estate financier Walker & Dunlop Inc priced shares in its initial public offering 33 percent below the midpoint of the expected range on Tuesday...
14 Dec 2010
Bank holding companies would not be allowed to dip below the strict capital standards of their federally insured bank units, under a proposal issued by U.S. bank regulators on Tuesday...
14 Dec 2010
Lions Gate Entertainment Corp shareholders voted for all 12 of the company's board nominees in a victory against hostile suitor Carl Icahn, who had proposed a dissident slate…
14 Dec 2010
An audit watchdog group on Tuesday proposed fees of up to $1.2 million on the largest U.S. broker-dealers to fund auditor inspections required by the Dodd-Frank financial reform law...
14 Dec 2010
U.S. regulators would get the funding needed to police the over-the-counter derivatives market and enforce other parts of the Dodd-Frank financial reform bill...
14 Dec 2010
The Justice Department said it intends to appeal to a U.S. appeals court a ruling by a judge in Virginia declaring a key part of President Barack Obama's landmark healthcare law unconstitutional...
14 Dec 2010
Lions Gate Entertainment Corp shareholders approved the company's slate of board nominees at its annual meeting, defeating a dissident slate proposed by billionaire hostile suitor Carl Icahn...
14 Dec 2010
Real estate mogul Sam Zell said he expects little U.S. commercial real estate construction over the next one to three years except for apartment buildings, a hiatus that would...
14 Dec 2010
Healthcare company Matrixx Initiatives Inc said it agreed to be bought by private equity firm H.I.G Capital...
14 Dec 2010
Greek Coke bottler Coca-Cola Hellenic plans to buy out the Nigerian Bottling Company and turn it into a wholly-owned subsidiary in a $126 million deal...
14 Dec 2010
Ireland's government will have extensive powers to restructure its banking sector, including the ability to impose losses on subordinated bondholders...
14 Dec 2010
The Federal Reserve said on Tuesday it ordered Weststar Financial Services Corp to refrain from paying dividends or otherwise reducing the capital from its main subsidiary, The Bank of Asheville, in North Carolina...
14 Dec 2010
Mexican glassmaker Vitro has filed for creditor protection in Mexico, the company said on Tuesday...
14 Dec 2010
British vacuum technology company Edwards said it plans to list next year, ending an auction in which it would have been sold to a new set of private equity backers or to a trade rival...
14 Dec 2010
BP said it had agreed to sell a portfolio of oil and gas assets in Pakistan to Hong Kong-listed United Energy Group for $775 million as it raises cash to pay for the Gulf of Mexico oil spill...
14 Dec 2010
HCP Inc said it would buy most of the real estate assets of privately held nursing and assisted living firm HCR...
14 Dec 2010
For global markets that constantly fret whether China's economy is either overheating or heading for the deep freeze, the ruling Communist Party seems to be getting the policy balance just about right for now...
14 Dec 2010
As Asia's growth titans China and India race to modernise and urbanise their countries, ties between them could be increasingly tested as they compete to...
14 Dec 2010
Rules that have the potential to slash banks' debit card profits and stop traders from excessive speculation in oil and other commodity markets will be unveiled by U.S. regulators this week...
13 Dec 2010
Two regional U.S. banks plan to repay their government bailout loans, a sign of health that could put pressure on other lenders to shed government aid...
13 Dec 2010
Ireland's Allied Irish Banks said on Monday it would not pay bonuses to executives after the finance minister threatened to stop state support for the bank if the extra money was paid out...
13 Dec 2010
Women saw little advancement in pay and corporate boardrooms in 2010, extending a trend in which companies have lagged in promoting women...
13 Dec 2010
Dell Inc plans to buy data storage company Compellent Technologies Inc for about $960 million, in a bid to shake its reliance on hardware, but it may need to do more to compete in new technologies like cloud computing...
13 Dec 2010
Ireland's future as a magnet for international investment funds is secure even if its euro zone partners demand a shake-up of its corporate tax regime to boost its...
13 Dec 2010
Polypore International Inc must sell a rival that it purchased through a subsidiary in 2008 because of antitrust concerns, the Federal Trade Commission said...
13 Dec 2010
Private equity firm Blackstone Group on Monday appointed a senior executive to take the helm of its private equity unit in Asia, signaling an increased focus on a region which promises faster growth...
13 Dec 2010
Two of the European Union's top financial services chiefs swung behind tough new bank bonus curbs on Monday, saying the rules would not trigger a flight of talent to...
13 Dec 2010
A U.S. judge in Virginia declared unconstitutional a key part of President Barack Obama's landmark healthcare law...
13 Dec 2010
Scientific instruments maker Thermo Fisher Scientific Inc is set to acquire Dionex Corp for $2.1 billion to broaden its lab-equipment offerings and boost its presence in Asia...
13 Dec 2010
China's central bank has told six of the country's biggest lenders that a special increase in required reserves will be extended, the latest attempt to quell inflation in a campaign that looks set to intensify...
13 Dec 2010
The U.S. Supreme Court said on Monday that it deadlocked by a 4-4 vote and will not decide a copyright infringement case involving Costco Wholesale Corp over...
13 Dec 2010
General Electric Co reached a deal to buy Wellstream Holdings Plc by raising its bid for the British oil drilling pipemaker by 6 percent to 800 million pounds ($1.3 billion)...
13 Dec 2010
Gold royalty company Franco-Nevada said on Monday that it will buy Gold Wheaton in a cash and share deal worth C$830 million ($826 million)...
13 Dec 2010
A district judge dismissed a patent infringement lawsuit brought by a company linked to Microsoft Corp co-founder Paul Allen against a cluster of major corporations, including Internet giants Netflix and...
13 Dec 2010
Grocery store chain Great Atlantic & Pacific Tea Co filed for bankruptcy on Sunday, drained of cash by tough competition and a sluggish economic recovery...
13 Dec 2010
Sanofi-Aventis has extended its snubbed $18.5 billion cash bid for U.S. biotech group Genzyme by six weeks, buying the French drugmaker time to persuade its reluctant target to talk...
13 Dec 2010
European industrial landlord Segro sold a portfolio of industrial properties near Heathrow Airport to the British Telecom Pension Scheme (BTPS) for 79.25 million pounds ($125 million)...
12 Dec 2010
Three Airgas Inc board members disagreed with the board that the company was worth a minimum of $78 a share, a court filing shows, adding a new twist to the...
12 Dec 2010
Australia's government unveiled reforms to boost bank competition on Sunday, allowing lenders to issue covered bonds for the first time and cracking down on interest rate...
12 Dec 2010
Areva looked set to finalise the first leg of a long-awaited fundraising, after France and Kuwait agreed to inject 900 million euros ($1.19 billion) into the French nuclear group...
12 Dec 2010
China Petrochemical Corp, parent of Sinopec Corp, agreed to buy all of U.S.-based Occidental Petroleum Corp's oil and gas assets in Argentina for $2.45 billion, its first foray into the upstream...
12 Dec 2010
Diageo is in preliminary talks to buy Turkish spirits company Mey Icki, people familiar with the matter said, part of the push by the world's biggest drinks company into high-growth emerging markets...
10 Dec 2010
Three Airgas directors denied that there was division on the board related to the company's defense against a hostile takeover bid from rival Air Products & Chemicals...
10 Dec 2010
Austrian banker Sonja Kohn was a "criminal soul mate" of Bernard Madoff for 23 years, running an international network of banks and funds to help perpetrate the biggest fraud...
10 Dec 2010
A jury on Friday convicted a former Goldman Sachs computer programer on criminal charges of stealing secret high-frequency trading code from Wall Street's most influential bank...
10 Dec 2010
General Motors Co will seek some relaxation of executive pay restrictions imposed by the U.S. government as a condition of providing $50 billion in bailout and bankruptcy financing...
10 Dec 2010
Canada's High Liner Foods plans to buy Massachusetts-based Viking Seafoods Inc for $31.5 million to increase its market share in the U.S. food service industry...
10 Dec 2010
Dubai Aerospace Enterprise has put aviation services company StandardAero on the auction block and retained Deutsche Bank to advise on the sale, people familiar with the matter said...
10 Dec 2010
Hong Kong plans to set up a regulation system for over-the-counter derivatives, authorities said on Friday, as part of a global push to increase transparency in the market following the financial crisis...
10 Dec 2010
British budget airline Flybe listed in London on Friday, raising up to 66 million pounds ($104 million) for Europe's largest regional carrier to buy out rivals and expand its fleet...
10 Dec 2010
China Petrochemical Corp, parent of Sinopec Corp , agreed to buy all of U.S.-based Occidental Petroleum Corp's oil and gas assets in Argentina for $2.45 billion, marking the energy giant's first foray into...
10 Dec 2010
Japan has agreed to buy emission rights from Poland equivalent to four million tonnes of CO2 under the Kyoto Protocol, the Japanese government said on Friday, moving close to its purchase target for 2008-2012...
9 Dec 2010
Hong Kong's stock exchange said on Friday that locally listed China companies will be able to report their accounts using Chinese accounting standards from December 15...
9 Dec 2010
France's Vivendi has agreed to pay 150 million reais ($88 million) to settle an investigation of alleged irregularities in its purchase of Brazilian telecommunications company GVT, Brazil's securities regulator said...
9 Dec 2010
Brookfield Office Properties said on Thursday it has acquired a 53-storey office tower in Houston for $321.5 million...
9 Dec 2010
The U.S. tax chief said leads from the landmark case against UBS AG, which admitted helping wealthy Americans evade taxes through offshore accounts, point toward other banks and...
9 Dec 2010
Lions Gate Entertainment won a key court victory against hostile bidder Carl Icahn while investor advisory firms gave a mixed assessment of the proxy battle, with one urging full...
9 Dec 2010
Dell Inc offered to buy data storage company Compellent Technologies Inc for nearly $1 billion, to expand beyond PCs and catch up with rivals Hewlett-Packard Co and IBM in new technologies like cloud computing...
9 Dec 2010
Air Products & Chemicals Inc increased its offer for rival industrial gas supplier Airgas Inc by 7 percent to $70 per share, as it seeks to put an end to a year-long takeover battle...
9 Dec 2010
The world's largest newsprint maker, AbitibiBowater Inc, emerged from bankruptcy on Thursday after shedding nearly $6 billion of debt...
9 Dec 2010
Final bids are due within weeks for blocks of patents owned by Canada's once mighty telecom giant Nortel Networks, including some that could change the balance of power among mobile operators...
9 Dec 2010
The Chinese central bank's actions in its open market operations in the last few weeks suggest it could be due for another increase in banks' reserve requirement ratios soon...
9 Dec 2010
If earlier doubts about China's commitment to make the yuan a global currency were misplaced, the current excitement is more than a little bit overdone...
9 Dec 2010
Radical European Union proposals to shake up auditing and corporate governance could destroy a cornerstone of Britain's successful capital market, a UK regulator said...
9 Dec 2010
Property developer Orascom Development will launch a public tender offer to remaining minority shareholders in its unit Orascom Hotels and Development...
9 Dec 2010
U.S. securities regulators filed an insider-trading lawsuit against unnamed defendants, citing suspicious purchases of Wimm-Bill-Dann Foods shares ahead of news that the...
9 Dec 2010
U.S. securities regulators are looking at creating a mechanism that would act as a throttle to stop an algorithm from executing an extreme order, in light of the "flash crash”...
9 Dec 2010
Russia's investment banking sector will grow by up to 50 percent next year, thanks to the state privatization plan and flourishing merger and acquisition activity...
9 Dec 2010
Britain will raise the levy on banks operating in the UK to 0.05 percent in 2011 from the 0.04 percent previously announced, the Treasury said on Thursday...
9 Dec 2010
The U.S. futures regulator on Thursday unveiled a long-awaited rule outlining exemptions for firms using swaps to hedge risk, but at the last minute postponed issuing a separate rule with...
9 Dec 2010
The average fine slapped by the Financial Services Authority on firms it regulates nearly doubled this year compared with 2009 and will continue upwards...
9 Dec 2010
MasterCard is buying the prepaid cash card business of Travelex for 290 million pounds...
9 Dec 2010
The private equity owners of Denmark's TDC are banking up to $3.7 billion...
9 Dec 2010
Algonquin Power and Utilities Corp's unit agreed to buy two utility companies for...
9 Dec 2010
Edward Chow remembers the nervous days of the early 1990s in Hong Kong, when tens of thousands of people left the then-British colony, fearful of what would happen when Chinese rule returned...
9 Dec 2010
European Union leaders hold a summit next week under pressure to take further steps to quell the euro zone debt crisis, despite European bond markets showing signs of calming down before the end of the year...
9 Dec 2010
Fitch Ratings slashed Ireland's credit rating by three notches to BBB+ from A+ and put it on a stable outlook on Thursday, saying the downgrade reflected the additional costs of restructuring and supporting the banking system...
9 Dec 2010
The Stock Exchange of Mauritius (SEM) said on Thursday it had approved the listing of JPT Capital Agrifund, one of the Cells of JPT Capital PCC, which will be admitted on December 14...
9 Dec 2010
South Korean lawmakers did not approve a bill providing tax breaks for sukuk, or Islamic bonds, finance ministry officials said on Thursday...
9 Dec 2010
Hana Financial Group said on Thursday it was seeking a number of foreign investors each willing to buy up to 9 percent of its shares worth about $650 million at its...
9 Dec 2010
Pride's unit pleaded guilty on Tuesday in U.S. District Court in Houston of violations of U.S. Foreign Corrupt Practices Act (FCPA)...
9 Dec 2010
A Kuwaiti court has delayed hearing a lawsuit from a Zain shareholder unhappy with Etisalat's $12 billion bid for a 46-percent stake in the Kuwaiti telecoms company until Dec. 15...
8 Dec 2010
Ivanhoe Mines is likely to put itself on the block in a two-step process, which will first see it sell or spin off all its assets except its stake in the huge Oyu Tolgoi copper-gold mine in Mongolia...
8 Dec 2010
Malaysian tycoon Syed Mokhtar Al Bukhary may take private auto-to-property conglomerate DRB-Hicom in a deal worth close to 2 billion ringgit ($636 million), the Business Times newspaper reported...
8 Dec 2010
Top global money managers, speaking at the Reuters 2011 Investment Outlook Summit, addressed concerns over the European debt debacle, the euro currency and...
8 Dec 2010
Morgan Stanley is planning to pay out 10 to 25 percent less bonus this year to its employees, owing to volatile market conditions, the Wall Street Journal said, citing a person familiar with the situation...
8 Dec 2010
The U.S. Treasury could cut its stake in bailed-out insurer AIG by as much as...
8 Dec 2010
Fortune Brands Inc will split off its golf and home products units, raising the odds for...
8 Dec 2010
U.S. exchanges proposed extending temporary stock-trading halts by four months, to April 11, to provide more time to craft a permanent fix that would help avoid a...
8 Dec 2010
U.S. federal investigators are probing the bitter split-up of star bond fund manager Jeffrey Gundlach and his former employer, Trust Co of the West, according to new information from both sides...
8 Dec 2010
Capital Shopping Centres (CSC) has effectively told disgruntled shareholder and would-be bidder Simon Property to make an offer for the company or walk away in a row over a 1.6 billion pound mall deal...
8 Dec 2010
Private equity firm Apax is in exclusive talks to buy Danish cleaning company ISS for $8.5 billion (5.3 billion pounds) including debt, a person familiar with the situation said, flagging what could be...
8 Dec 2010
The European Commission unveiled plans on Wednesday to clamp down on speculators in commodities such as grain, following in the footsteps of Washington which has...
8 Dec 2010
Egypt's attempts to lower borrowing costs and spur economic growth are stumbling because the country's banking sector is loath to allow rival players into the...
8 Dec 2010
Federal authorities have expanded an investigation into insider trading on Wall Street, bringing to more than one dozen the number of subpoenas sent to hedge funds and other investment firms over...
8 Dec 2010
Transport group Stagecoach said it hopes to win new longer franchises resulting from Britain's rail industry review, as it beat forecasts with a 43 percent rise in first-half profit...
8 Dec 2010
EU regulators accepted on Wednesday Visa Europe's pledge to cut its debit card fees, dropping antitrust charges that could have brought a fine to the payments network...
8 Dec 2010
The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the euro zone's troubles but the U.S.'s fiscal health is worse than Europe's, an adviser to the Chinese central bank said on Wednesday...
8 Dec 2010
Europe's energy chief launched a clampdown on Wednesday against insider trading and market manipulation in wholesale gas and power markets...
8 Dec 2010
Hony Capital, one of China's biggest buyout firms, plans to raise 10 billion yuan ($1.5 billion) in its second yuan-denominated fund that aims to foster globally competitive Chinese companies partly...
8 Dec 2010
Chongqing Rural Commercial Bank raised $1.35 billion after pricing its Hong Kong initial public offering in the middle of an indicative range, sources said, a move that could spark a new wave of IPOs by...
8 Dec 2010
Toyota Tsusho Corp, a Toyota Motor Corp group company, said on Wednesday it will build a rare earth processing plant in India and start shipping 3,000 to 4,000 tonnes a year of the minerals to Japan in 2012...
8 Dec 2010
The amount raised globally from initial public offerings (IPOs) in 2010 is on track to beat any other year on record, according to Ernst & Young, despite waves of market volatility which disrupted many planned listings...
7 Dec 2010
China plans to invest 3 trillion yuan to 4 trillion yuan ($451 billion-$602 billion) in its high-speed rail network between 2011-2015, the China Securities Journal reported on Wednesday, citing unidentified sources...
7 Dec 2010
Bond insurer MBIA Inc accused Morgan Stanley in a lawsuit of misrepresenting the quality of mortgage backed securities insured for over $223 million...
7 Dec 2010
Investment bankers expect another tough year for insurance sector deals in 2011, although there is hope for the M&A market as insurers come under increasing pressure to show growth coming out of the financial crisis...
7 Dec 2010
Mexico's Senate approved a bill on Tuesday to dramatically increase fines against companies breaking anti-monopoly laws, which could help the wider economy by...
7 Dec 2010
The European Union said on Tuesday it backed Russia's entry to the World Trade Organization (WTO), clearing the way for Russia to join the trade body in 2011...
7 Dec 2010
Miner Xstrata Plc has never been approached by its biggest shareholder, Glencore, with a merger proposal, Xstrata's chief executive said...
7 Dec 2010
Bank of America Corp will pay $137 million to settle allegations from state and federal securities regulators that it defrauded buyers of municipal bond derivatives, the U.S.SEC...
7 Dec 2010
U.S. prosecutors sought forfeiture on Tuesday of $625 million from accounts at JPMorgan Chase traceable to the fraud of convicted swindler Bernard Madoff...
7 Dec 2010
SunTrust Banks Inc's U.S. government bailout repayment is now tied to its performance in the second Federal Reserve stress test for the 19 largest U.S. banks, Chief Executive James Wells said...
7 Dec 2010
Qatar is to buy a 9.1 percent stake in Hochtief for 400 million euros, adding muscle to the No.1 German builder's fight against a hostile takeover approach from Spanish rival ACS...
7 Dec 2010
The United States is first and Europe is second in NYSE Euronext's priority list as it aims to clear interest-rate swaps, its chief executive said on Tuesday, clarifying the exchange...
7 Dec 2010
F&C REIT Asset Management's German unit said on Tuesday it has created a 120 million euros ($159.1 million) fund for an unnamed German pension fund to...
7 Dec 2010
Ireland's deeply unpopular government will unveil a record austerity budget on Tuesday, inflicting more pain on voters to bring down a soaring deficit and win quick access to emergency loans from the EU and IMF...
7 Dec 2010
Tesco Q3 sales up, strong Asia offsets tough UK...
7 Dec 2010
China plans to allow small-and medium-sized companies to issue bonds in private placements next year to help them raise funds, the Securities Times reported on Tuesday...
7 Dec 2010
BTG Pactual, the Brazilian investment bank controlled by billionaire Andre Esteves, raised $1.8 billion in a cross-border deal that underscores Brazil's status as one of the world's hottest investment destinations...
6 Dec 2010
China's central bank may raise interest rates this weekend to enshrine its shift to a "prudent" monetary policy in the face of rising inflation, an official newspaper reported...
6 Dec 2010
China's Bright Food Group Co is close to a deal to buy U.S. vitamin retail chain GNC Holdings Inc for $2.5 billion to $3 billion, a source familiar with the situation said on Monday...
6 Dec 2010
HSBC Holdings Plc said claims the bank aided the fraud of convicted swindler Bernard Madoff were unfounded and it would "defend itself vigorously" against all Madoff-related claims...
6 Dec 2010
Miner Rio Tinto made a $3.5 billion (£2.2 billion) bid approach for Africa-focussed Riversdale Mining, sending the target firm's shares surging 16 percent and setting up a potential takeover battle...
6 Dec 2010
Cable group Liberty Global is to buy Aster, Poland's No.4 cable operator...
6 Dec 2010
Al Fawares Holding, a Zain shareholder unhappy with the telecom carrier's sale process, threatened to sue potential buyers of the firm's Saudi unit and to try to put Zain in receivership unless the deal...
6 Dec 2010
Europe's energy chief will this week reveal plans to clamp down on potential market abuse by traders in gas and power markets from 2012, EU documents show...
6 Dec 2010
Hedge fund manager William Ackman is raising his wager on troubled bookseller Borders Group Inc, offering to help it buy larger rival Barnes & Noble Inc for $963.7 million...
6 Dec 2010
A U.S. bankruptcy court judge ruled that Bank of America Corp must pay about $90 million in interest to Lehman Brothers Holdings Inc on top of the $501.8 million of...
6 Dec 2010
Private equity firm Carlyle Group, which has been considering an initial public offering for years, may file papers late next year to go public, a source familiar with the situation said on Monday...
6 Dec 2010
The U.S. Supreme Court said on Monday it would decide if the largest sex-discrimination class-action lawsuit in U.S. history against Wal-Mart Stores Inc can proceed...
6 Dec 2010
Diversified U.S. manufacturer 3M Co said on Monday it is buying Swiss precision grinding technology supplier Winterthur Technologies AG for about $448 million...
6 Dec 2010
Communications cable maker CommScope Inc said it found no superior offers during...
6 Dec 2010
U.S. securities regulators will hold broker-dealers more accountable for their customers' assets, Securities and Exchange Commission Chairman Mary Schapiro said on Monday...
6 Dec 2010
Kraft Foods Inc escalated its battle with Starbucks Corp, saying it is asking a...
6 Dec 2010
Canada's small but fast-growing solar industry aims to expand at 35 percent a year over the next 15 years, creating 35,000 jobs and displacing millions of tons of greenhouse gasses...
6 Dec 2010
Investors in the British smallcap arena should go for firms listed on the main London Stock Exchange because London's junior AIM market is beset by delistings and poor performance...
6 Dec 2010
Spain may extend its state of emergency for up to two months to ensure there is no travel disruption over the Christmas period, after a wildcat strike by air traffic controllers brought flights to a standstill...
6 Dec 2010
Top investment banks which offer their clients 'dark pool' share trading platforms are facing an uphill battle against Europe's stock exchanges over keeping these murky trading venues outside...
6 Dec 2010
The U.S. government sold off its remaining shares in Citigroup Inc for $4.35 each...
6 Dec 2010
Global miner Rio Tinto has made a $3.5 billion bid approach for Africa-focused Riversdale Mining , sending the target firm's shares surging 13 percent and setting up a potential takeover battle...
6 Dec 2010
British manufacturing output has held steady in the fourth quarter at the previous three months' record high and companies have stepped up hiring, but...
5 Dec 2010
The lawyer searching the globe to recover money for defrauded investors of convicted swindler Bernard Madoff sued HSBC for $9 billion on Sunday, accusing the bank of...
3 Dec 2010
Activist investor West Face Capital called on Friday for a special meeting of Maple Leaf Foods shareholders, saying it is concerned about how the company's board of directors operates...
3 Dec 2010
The two largest U.S. stock exchanges are using the Dodd-Frank bill to tighten their grip on lucrative market data and to answer a thorny court of appeals ruling that has held up...
3 Dec 2010
U.S. regulators unveiled plans on Friday that will determine which companies and funds will be forced to hold more cash to trade in the lucrative over-the-counter derivatives market...
3 Dec 2010
AstraZeneca, which makes the best-selling heartburn drug Nexium, has been raided by EU antitrust regulators investigating suspected collusion to block the sale of cheaper generic medicines...
3 Dec 2010
Small and medium-sized steel producers are increasingly looking to derivatives trade to lock in profit and cut risk as they contend with meagre margins, shifting economic trends and volatile raw materials prices...
3 Dec 2010
Shares of Brazil's biggest banks fell on Friday after the central bank raised reserve requirements in a bid to restrain buoyant credit growth in Latin America's biggest economy...
3 Dec 2010
U.S.-based mining group Walter Energy Inc is to buy Canada's Western Coal for C$3.3 billion ($3.3 billion) to create one of the largest producers of steel-making metallurgical coal...
3 Dec 2010
Britain's developing offshore wind power industry received a fresh boost on Friday as Japan's Mitsubishi Heavy Industries confirmed an investment in a wind turbine development centre...
3 Dec 2010
China ZhengTong Auto Services Holdings Ltd has priced its Hong Kong initial public offering at HK$7.30 each, below the middle of an indicative range, to raise $470 million, a source familiar with the matter told Reuters on Friday...
2 Dec 2010
An Indian investigative agency probing a telecoms licence scandal has sought details of joint venture deals between local firms and their overseas partners, the Economic Times reported on Friday...
2 Dec 2010
China and Hong Kong will need to implement more measures to rein in property bubbles forming in certain sectors of their markets, the International Monetary Fund said on Friday...
2 Dec 2010
The European Central Bank resisted pressure on Thursday to commit to a major bond-buying program to contain the euro zone debt crisis, but traders said the ECB had been quietly buying bonds anyway...
2 Dec 2010
China Auto System Technologies Ltd said on Friday that it will postpone its global share offering because of a deterioration in market conditions and excessive market volatility...
2 Dec 2010
Ireland's swollen budget deficit shrank slightly in November, the first month-on-month improvement this year, thanks to strong tax income that puts it on track to meet or...
2 Dec 2010
The U.S. Treasury intends to decide by July on whether to exempt foreign exchange swaps and forwards from new derivatives regulations that would require central clearing of...
2 Dec 2010
JPMorgan Chase & Co countersued Lehman Brothers Holding Inc, accusing the bankrupt investment bank of sticking it with tens of billions of dollars of loans that might never be repaid...
2 Dec 2010
The European Union has agreed to give a new EU watchdog powers to probe and fine credit rating agencies from January in the latest move to clamp down on the sector...
2 Dec 2010
General Motors Co said on Thursday that it made a $4 billion cash contribution to pension plans for its U.S.-based hourly and salaried workers...
2 Dec 2010
PepsiCo Inc plans to buy 66 percent of Wimm-Bill-Dann for $3.8 billion in its...
2 Dec 2010
Banks are bracing for a fresh wave of lawsuits from disgruntled clients who allege fraud and misrepresentation over complex structured financial products that have turned sour since...
2 Dec 2010
Barry Diller is stepping down as chief executive of IAC/InterActiveCorp, the company said, adding it had bought out one of its largest shareholders, John Malone's Liberty Media Corp...
2 Dec 2010
Britain's financial regulator cleared Fred Goodwin, the controversial former chief executive of Royal Bank of Scotland, of wrongdoing after closing a lengthy investigation into...
2 Dec 2010
Share trading inside banks must be regulated directly and all derivatives eligible for clearing should be traded on an electronic platform, draft European Union plans showed...
2 Dec 2010
U.S. securities regulators are in preliminary talks with several banks to resolve probes involving sales of complex mortgage bond deals that led to the financial crisis, the Wall Street Journal said...
2 Dec 2010
Dutch mail and logistics company TNT is to separate its Express activities from its mail business and keep a 29.9 percent stake in the demerged unit...
2 Dec 2010
InterContinental Hotels Group Plc (IHG) launched its first upscale boutique brand in Asia in Shanghai on Thursday, a nod to the city's rising prominence as a business and tourism hub...
2 Dec 2010
Asian governments have imposed a raft of measures aimed at preventing their property markets from taking off too quickly, but the region still offers investors some of the most prospective real estate globally...
2 Dec 2010
Apollo Hospitals Enterprise is looking to offload a 49 percent stake in its pharmacy chain unit and is also exploring the possibility of listing the unit in six months, a top official said on Thursday...
1 Dec 2010
Singapore's GIC and OCBC's insurance arm have joined a group led by U.S. private equity firms KKR and TPG Capital in buying Morgan Stanley's 34.3 percent stake in top Chinese investment bank CICC...
1 Dec 2010
Brazil's Congress on Wednesday approved a legal overhaul of the country's oil sector, clearing the way for Brazil to expand development of vast offshore oil fields it hopes will turn it into a global energy exporter...
1 Dec 2010
China's Yangtze Electric Power Co said on Thursday it will invest $168 million as a cornerstone investor in the Hong Kong initial public offering of Russian electricity firm EuroSibEnergo...
1 Dec 2010
The European Central Bank is under pressure to unveil new steps to stabilize the euro zone when it meets on Thursday as the currency bloc battles a crippling debt crisis that has stoked contagion fears in the United States and Asia...
1 Dec 2010
Australia's government will reinstate a limited funding guarantee for credit unions, building societies and regional banks to help promote more competition to the country's big four banks...
1 Dec 2010
World No. 1 cable maker Nexans urged the European Commission to be aware of the risks to Europe's competitiveness from Chinese group Xinmao's proposed takeover of Draka...
1 Dec 2010
Africa as has long been a target for wealthy philanthropists who donate money in a fight against the continent's poverty, disease epidemics and food shortages...
1 Dec 2010
Eni and Repsol are negotiating a price with Venezuela's PDVSA for natural gas they plan to extract starting in 2013, a document seen by Reuters shows, in a sign the country is closer to producing offshore gas...
1 Dec 2010
GlaxoSmithKline plans to acquire Chinese drugmaker Nanjing MeiRui Pharma in its latest drive into emerging markets, sources familiar with the situation said on Wednesday...
1 Dec 2010
The number of consumers who filed for bankruptcy protection fell in November to a nine-month low, amid signs that consumers are taking on less debt and the economy may be stabilizing...
1 Dec 2010
The Irish government will be kept busy over the coming years just meeting the demands of its new IMF, European Commission and European Central Bank masters after they bailed it out last weekend...
1 Dec 2010
New rules expanding the scope of information about the U.S. municipal bond market that must be made available to investors free of charge went into effect on Wednesday...
1 Dec 2010
The Basel Committee on global regulators and central bankers agreed on Wednesday that some forms of capital must be wiped out when a bank fails so that taxpayers don't...
1 Dec 2010
Sanofi-Aventis's finance chief said staggered takeover payments to bridge value disputes were interesting "in principle," after suggestions that such a set-up could help win over...
1 Dec 2010
Arbitrators ordered Citigroup Inc to pay $3 million for a Smith Barney brokerage customer who suffered $70 million of losses after her holdings in Washington Mutual...
1 Dec 2010
Doctor Liu Youhong made do for decades with two years of rudimentary medical training, enough to meet villagers' basic needs in his untidy rural corner of the eastern province of Jiangsu...
1 Dec 2010
Last month, BP increased by $8 billion the financial provisions it was taking for the Gulf of Mexico oil spill; the company's shares rose. Better-than- expected underlying profits and...
1 Dec 2010
The European Commission said on Wednesday it had approved a six-month extension of a Swedish guarantee scheme for credit institutions...
1 Dec 2010
The investment bank arm of British lender Barclays is set to cut hundreds of jobs after several months of slow capital markets activity...
1 Dec 2010
When regulators in Dubai and Malaysia signed a deal in 2007 to facilitate cross-border sales of sharia funds on each other's turf, they were hoping for a burst of activity to...
1 Dec 2010
India's Supreme Court said on Wednesday it was incorrect for the country's telecoms ministry to brush aside the reservations raised by the prime minister's office regarding telecoms licence allocation...
1 Dec 2010
Japan's Sharp Corp said on Wednesday it would spend 15 billion yen ($180 million) on boosting its solar panel production capacity as it battles to maintain its share of the market...
1 Dec 2010
The family takaful industry will grow five folds to account for about a 10th of the overall life insurance sector within the next decade, as Islamic insurance attracts more non-Muslim demand...
1 Dec 2010
Egypt's Orascom Telecom (OT) suffered its largest decline in five weeks on Tuesday on talk that Algeria will reject its appeal against back-tax claims totalling hundreds of millions of dollars...
1 Dec 2010
Australia ruled on Wednesday that gains from asset sales by private equity firms would be taxed as income, dealing a blow to an industry already struggling with...
1 Dec 2010
The U.S. futures regulator unveiled on Wednesday a key piece of its plan to toughen rules on trading in the vast swaps market, making clearer which firms will have to...