NEWS
March 2010
31 Mar 2010
Lyondell Chemical Co has reached a settlement worth about $250 million with the United States and various state governments to resolve a slew of environmental claims and liabilities, and...
31 Mar 2010
Former Federal Reserve Chairman Alan Greenspan and ex-Citigroup Chief Executive Chuck Prince will appear next month before a U.S. panel investigating the roots of the financial crisis that...
31 Mar 2010
U.S. securities regulators will meet April 7 to consider new disclosures for asset-backed securities such as those linked to mortgages, the Securities and Exchange Commission said on its web site...
31 Mar 2010
Stiff competition and moves by owners to protect ships better has taken the edge out of insurance costs after pirate attacks off Africa's east coast created a two-year boom for specialist cover...
31 Mar 2010
Britain's dominant pay-TV group BSkyB must make its sports channels available to rivals at a more than 20 percent reduction, after a ruling loosened its grip on premium programming and...
31 Mar 2010
A group of British Islamic banks and government bodies launched a lobby group to further the industry's development and push for the issuance of the first UK sovereign Islamic bond...
31 Mar 2010
The United Auto Workers healthcare trust is expected to net about $1.78 billion from an auction of Ford Motor Co stock warrants it received as part of its funding, the automaker said...
31 Mar 2010
Boeing Co said it would take an income tax charge of about $150 million, or 20 cents per share, against first-quarter results due to recently enacted U.S. healthcare reform...
31 Mar 2010
Oshkosh Corp won dismissal of an investor class-action lawsuit alleging the maker of heavy trucks inflated its stock price by failing to write down a troubled Dutch acquisition fast enough...
31 Mar 2010
The rocky islands that lie off France's northern shores are angling for the new rich of Asia, as clampdowns on offshore tax havens and tougher regulation threaten their traditional sources of income...
31 Mar 2010
As the number of poison pills, or shareholder rights plans, drops to the lowest level in a generation, corporations face investor pressure against renewing broad takeover defenses but…
31 Mar 2010
French drugmaker Sanofi-Aventis further broadened its healthcare business on Wednesday by agreeing to develop blood sugar monitoring systems with AgaMatrix…
31 Mar 2010
Canada's Mitel Networks Corp, a provider of integrated communications solutions, filed with U.S. regulators to raise up to $180 million in an initial public offering of common stock…
31 Mar 2010
Bank of China said that a unit planned to invest up to 6 billion yuan ($878 million) in a state-owned company building a high-speed railway linking Shanghai and Beijing…
31 Mar 2010
Canada's Menu Foods Income Fund agreed with its banker for new credit facilities of $105 million, and said the new credit is expected to reduce its cost of borrowing by…
31 Mar 2010
A French appeals court on Tuesday upheld key elements of a verdict against oil giant Total over a disastrous 1999 oil spill in a ruling with wide implications for the…
31 Mar 2010
Money and credit growth are slowing appreciably as the People's Bank of China treads a path toward normalisation after an unprecedented surge in bank lending last year…
31 Mar 2010
Yahoo email accounts of some journalists and other users whose work relates to China were compromised in an attack discovered this week, days after Google announced it would move its Chinese-language search services out of China due to censorship concerns...
31 Mar 2010
NYSE Euronext Chief Executive Duncan Niederauer told Reuters in May 2008 that the transatlantic exchange operator would consider listing itself on the Shanghai exchange…
31 Mar 2010
Sun Life Financial, Canada's No. 2 life insurer, said its chief executive saw his total compensation slashed by 42 percent in 2009 after he gave up his bonus for a second year in a row...
31 Mar 2010
Shares in Bharti Airtel rose more than 1 percent early on Wednesday after the top Indian mobile operator clinched a deal to buy most of the African operations of Kuwait's Zain for $9 billion...
31 Mar 2010
The BSE Sensex is seen treading water in the absence of clear direction from global markets, but is expected to close the quarter with modest gains...
31 Mar 2010
Australia's Macarthur Coal rejected a $3 billion bid from U.S. miner Peabody Energy, saying it undervalued the growth prospects of a company which controls a third of the world's supply of a...
30 Mar 2010
Bharti Airtel Ltd clinched a deal to buy most of the African operations of Kuwait's Zain for $9 billion, making it the No.2 cellular company on the African continent and...
30 Mar 2010
Talbots Inc again extended its exchange offer, by 24 hours, as the women's apparel retailer sought to complete a merger that would allow it to significantly reduce debt…
30 Mar 2010
Redgate Media Group on Monday registered its initial public offering of 3.85 million American depositary shares (ADS) at an estimated price of $6 to $8 per share…
30 Mar 2010
Dubai swept out the board of indebted property firm Nakheel and replaced its high profile chairman on Tuesday, in the wake of parent company Dubai World's $9.5 billion rescue plan...
30 Mar 2010
A succession plan for the Abu Dhabi Investment Authority (ADIA), among the world's biggest sovereign wealth funds, has been set and will be announced within days...
30 Mar 2010
The U.S. Supreme Court rejected a lower-court ruling that made it harder for individual shareholders to sue a mutual fund investment adviser for excessive fees...
30 Mar 2010
Walgreen Co said that it won regulatory clearance from the U.S. Federal Trade Commission for its planned purchase of the Duane Reade pharmacy chain, paving the way for the deal to close by the middle of April...
30 Mar 2010
Dubai swept out the board of the property firm at the heart of its debt problems and removed its high-profile chairman on Tuesday, installing largely unknown names unconnected to the...
30 Mar 2010
Zhejiang Geely Holding Group, China's biggest private car maker, said it will not produce Volvo brand cars, nor will Volvo make Geely brand cars…
30 Mar 2010
Hunan Taizinai Group, a top dairy products maker in China, on Friday denied a Chinese media report that it was in talks to sell assets to the world's biggest food group Nestle AG…
30 Mar 2010
The extra $900 million above the reported purchase price will allow the Chinese auto maker to grow its business and draw down capital during fallow cycles in the auto industry…
30 Mar 2010
France's AXA SA accepted a A$14 billion (8.5 billion pounds) takeover plan from National Australia Bank for its AXA Asia Pacific unit, moving closer to end a four-month takeover tussle...
30 Mar 2010
Kraft Foods Inc, the largest North American food maker, paid Chief Executive Irene Rosenfeld $26.3 million in total compensation last year, 41 percent more than what she received in 2008...
30 Mar 2010
British cable operator Virgin Media said it has completed syndication of a 675 million pound term loan B, completing a 2 billion pound ($3.01 billion) senior refinancing exercise...
30 Mar 2010
HSBC, one of the largest creditors to Dubai World, put its weight behind a debt restructuring plan put forward by the state-owned conglomerate, saying it expected positive results soon...
30 Mar 2010
The verbal sparring over the conviction of Australian citizen Stern Hu and three colleagues underlined foreign investors' concerns about legal transparency in China and…
30 Mar 2010
As Wall Street eagerly awaits signs that Internet sensation Facebook will offer shares to the public, the venture capitalists that prowl California's Silicon Valley are keeping close tabs on another hot commodity: the employees leaving Facebook...
30 Mar 2010
Bailed-out British lender Royal Bank of Scotland <RBS.L> has been fined 28.6 million pounds for sharing loan pricing details with rival Barclays <BARC.L>, the Office of Fair Trading said on Tuesday...
30 Mar 2010
Bourses within the United Arab Emirates should consolidate, the head of Dubai Financial Market said on Tuesday, adding DFM's planned takeover of Nasdaq Dubai will be completed within two weeks...
29 Mar 2010
If women ran Wall Street, Treasury Secretary Timothy Geithner's job cleaning up the bloodied financial markets might not be so tough...
29 Mar 2010
Banks like JPMorgan Chase have found themselves the owners of a wide range of businesses, from distressed oil companies to hotels and newspapers, as a result of a recent wave of bankruptcies...
29 Mar 2010
Shares in state-owned Chongqing Water jumped 74 percent in Shanghai, well ahead of market predictions for a gain of around 25 percent, after the company had opted to…
29 Mar 2010
U.S. securities regulators are demanding detailed reports from major financial firms in an attempt to uncover any accounting tricks like the "Repo 105" method Lehman Brothers used to mask its losses...
29 Mar 2010
The Treasury pledged to sell its 7.7 billion Citigroup Inc shares this year, a step that further reduces the government's influence on the banking giant...
29 Mar 2010
The takeover underscores China's arrival as a major force in the global auto industry and ends nearly two years of talks with Geely over Volvo…
29 Mar 2010
CKX Inc, an entertainment group that has the rights to the American Idol televised pop contest, is in talks that could lead to a sale, the company said...
29 Mar 2010
Major UK banks face a challenge to refinance more than 300 billion pounds ($448.4 billion) of government-backed funding over the next two to three years, Fitch Ratings said...
29 Mar 2010
Dubai Holding, the investment conglomerate owned by the emirate's ruler, is considering restructuring up to $20 billion in debt, the FT reported on Monday, in what would be another blow to the indebted emirate...
29 Mar 2010
Greece looked set to sell 5 billion euros ($6.7 billion) in the first test of investor appetite since a European-IMF debt support deal last week but demand was less than half that of an issue earlier this month...
29 Mar 2010
The Conservative party will spell out a plan to partly reverse a planned increase in national insurance, media reported…
29 Mar 2010
British supermarket Waitrose is in exclusive talks to buy sandwich bar and coffee chain EAT, The Sunday Times newspaper reported, without citing sources…
29 Mar 2010
Mergers and acquisitions jumped to $520.4 billion in the first quarter, accompanied by a big shift in global dealmaking as emerging market and energy-focused takeovers made up…
29 Mar 2010
U.S. electrical goods retailer Best Buy will open its first British store in May, it said, as partner Carphone Warehouse completed its demerger from telecoms arm TalkTalk...
29 Mar 2010
Australian citizen Stern Hu, Rio's top China-based iron ore salesman until his arrest last year, was sentenced to 7 years in prison on charges of accepting bribes and 5 years on…
29 Mar 2010
China Construction Bank, the country's second-largest lender by market capitalisation, has exposure of 7 billion yuan ($1.03 billion) to Dubai World debt, the bank's president said...
29 Mar 2010
Radical and carefully thought reform is needed to shield taxpayers from having to bail out troubled banks again, a parliamentary report said on Monday. If a bank is too complex to adopt practical and...
29 Mar 2010
Lloyds Banking Group denied a newspaper report on Monday that it is to start looking for a new headquarters in the City of London...
29 Mar 2010
Institutional investors are sitting out the recovery on UAE stock markets, wary about Dubai's debt rescue proposal and hesitant about prospects longer term… Broader issues like liquidity and market breadth may prevent foreign institutions from coming back to UAE exchanges, which are dominated by property and banking stocks that are closely linked and which lack defensive counters…
28 Mar 2010
Recruitment firm JCA Group have been commissioned by Lloyds Banking Group chairman Sir Win Bischoff to draw up a report on potential successors to…
26 Mar 2010
A bit of news to go with this week’s failures. FDIC said it will cut the amount of losses it absorbs on failed bank assets sold to acquirers...
26 Mar 2010
Dubai's plan to avoid drawing on fresh funds from wealthier neighbour Abu Dhabi in its debt restructuring proposal for Dubai World may be more about presentation than the reality of its balance sheet...
26 Mar 2010
Dubai's proposed $9.5 billion plan to address its embattled conglomerate Dubai World's debt crisis has been well received, Dubai's finance chief was quoted as saying...
26 Mar 2010
Shares of discount Chinese hotel chain China Lodging Group Ltd rose as much as 27 percent above their initial public offering price on their first day of trading Friday...
26 Mar 2010
A year after a wave of mega-mergers reshaped the pharmaceutical industry landscape, the remaining big drugmakers most often mentioned as takeout or merger candidates appear set to go it alone as...
26 Mar 2010
Blackstone Group is better known for striking multibillion-dollar leveraged buyouts than advising on others' deals, but its M&A unit, led by the continent-hopping John Studzinski, made a dramatic leap up the league table this quarter...
26 Mar 2010
Four small banks across the United States were seized by regulators on Friday evening, ticking up the year bank failure tally to 41…
26 Mar 2010
Los Angeles's justice department is scrutinizing certain investment transactions of public pension funds, including Calpers, the Wall Street Journal said...
26 Mar 2010
Business investment in Britain fell 4.3 percent between October and December 2009, slightly less than previously estimated but still giving a record 23.5 percent annual drop, official data showed...
26 Mar 2010
Euro zone leaders received a cautious stamp of approval from financial markets on Friday for their agreement to create a safety net with the International Monetary Fund to help debt-ridden Greece...
26 Mar 2010
The Ontario Teachers' Pension Plan, Canada's largest pension plan, said it would buy Camelot, the national lottery operator, for 389 million pounds...
26 Mar 2010
A U.S. appeals court struck down on Friday limits on individual contributions to independent political advocacy groups that want to spend money directly to support or...
25 Mar 2010
In 2009 China invested $34.6 billion in the clean energy economy while the United States invested $18.6 billion and came in second place…
25 Mar 2010
Standard & Poor's will reassess the credit ratings status of five Dubai government-linked firms following an "extremely positive" debt proposal...
25 Mar 2010
A pair of top U.S. industrial companies gave some of the first estimates of what the nation's healthcare overhaul will cost them...
25 Mar 2010
Credit Suisse chief executive Brady Dougan topped the bank's pay list in 2009 with a total of 19.2 million Swiss francs ($17.93 million)...
25 Mar 2010
Dubai will recapitalise its Dubai World conglomerate and repay property unit Nakheel's bonds in full, with $9.5 billion of aid for a debt deal promising creditors all their money back in up to eight years...
25 Mar 2010
Investors can now track the performance of Toronto-listed green energy companies on the new S&P/TSX clean technology index .GSPTXCT, launched on Thursday by...
25 Mar 2010
State regulators are taking control of some of U.S. bond insurer Ambac Financial Group Inc's worst assets...
25 Mar 2010
"We believe that many of the current abuses of the Internet originating in China are due to a lack of enforcement against criminal activities...
25 Mar 2010
DBS, Southeast Asia's biggest bank, has identified several acquisition targets in Indonesia, its chief executive said on Thursday...
25 Mar 2010
Farm equipment maker Deere & Co expects after-tax expenses to rise by $150 million this year as a result of the healthcare reform...
25 Mar 2010
Royal Bank of Scotland is expected to announce as early as Thursday details of plans to buy back or convert at least 15 billion pounds of preference shares and hybrid securities...
25 Mar 2010
Chinese banks had set aside provisions equivalent to 165 percent of their non-performing loans by the end of February…
25 Mar 2010
Google used Internet freedom as a rallying cry in its confrontation with China…
25 Mar 2010
Google Inc moved its China Internet search service to Hong Kong in a bid to resolve its dispute with Beijing over censored search results while keeping a foot in the…
25 Mar 2010
Some of Britain's biggest real estate landlords have pledged to go "the extra mile" to support distressed tenants as the payment deadline for second-quarter rents clashes with...
25 Mar 2010
Two senior executives from AIG's Asian operations plan to quit before Prudential's planned $35.5 billion takeover...
25 Mar 2010
The U.S. Treasury could unveil a preset trading plan next month for the sale of its 27 percent stake in Citigroup Inc...
25 Mar 2010
The U.S. securities regulator is probing hedge funds Appaloosa Management LP and Carlson Capital LP for certain trades, the Wall Street Journal said, citing people familiar with the matter...
24 Mar 2010
Scores of high-powered U.S. trial lawyers pursuing Toyota in court over the car company's wide-ranging safety recalls gathered to...
24 Mar 2010
A former British government minister and adviser to the G20 chair has been in Dubai for several weeks and played a key role in hammering out a debt proposal for Dubai World, sources said...
24 Mar 2010
Analysts expect Baidu, whose name comes from an ancient poem about the quest for perfection, to win as much as half of Google China's search revenue after…
24 Mar 2010
Goldman Sachs Group Inc was sued for alleged bias by a former vice president, who said the Wall Street bank...
24 Mar 2010
Bankers gathered in Dubai on Wednesday to hammer out a $26 billion debt plan with state-owned Dubai World as a repayment deadline loomed, adding to pressure on the glitzy emirate to settle the conglomerate's debt...
24 Mar 2010
Dubai has detained the former head of its financial district in connection with alleged financial irregularities involving $13.6 million in bonuses, a government statement said...
24 Mar 2010
Shares of two tech companies and a bank holding company blew past expectations in their stock debuts...
24 Mar 2010
State-owned offshore oil and gas company China National Offshore Oil Corp Ltd (CNOOC) will sign a binding agreement with BG Group on Wednesday to buy gas from an Australia project, a CNOOC official said...
24 Mar 2010
Two days after shutting its Chinese portal over censorship, Google Inc said it plans to phase out deals to...
24 Mar 2010
U.S. auto finance company GMAC Financial Services may sell its factoring business unit to Wells Fargo & Co...
24 Mar 2010
Russian Railways is preparing to float its freight operator Freight One later this year and has valued the subsidiary at around $5 billion, the head of the division said...
24 Mar 2010
When giant commodity trader Glencore allocated $1 billion to get a foothold in Russia's lucrative oil business, it unwittingly entered an ownership battle that may prove a test case for Western investment...
24 Mar 2010
A slump in trading revenues and Dubai's parlous financial state could lead to a merger of the United Arab Emirate's two main stock exchanges, analysts said...
24 Mar 2010
Warren Buffett and other major foreign investors have expressed opposition to steelmaker POSCO's possible bid for Daewoo Shipbuilding a newspaper reported on Wednesday…
24 Mar 2010
Ahmedabad Commodity Exchange Ltd (ACE), promoted by the financial services major Kotak Group, may get final nod to function as a national bourse by June, a top official said...
24 Mar 2010
Goldman Sachs has applied for a banking licence in India, local media reported, citing the company's India chief executive...
24 Mar 2010
The level of provisioning among banks in the United Arab Emirates is still rising, an official at the central bank said, as creditors of indebted conglomerate Dubai World await a restructuring plan...
24 Mar 2010
A smart electricity management system is needed for a successful mass uptake of electric vehicles (EVs) in Britain, by smoothing out power demand and generation spikes in a future that includes more wind farms...
24 Mar 2010
The trial of four Rio Tinto executives ended in Shanghai on Wednesday, with three contesting charges of...
24 Mar 2010
Four Rio Tinto executives on trial in China, including Australian Stern Hu, pleaded guilty to taking bribes, while contesting the amounts…
24 Mar 2010
Britain's Serious Fraud Office arrested three directors of French engineering group Alstom on Wednesday on suspicion of bribery and corruption after raids on nine properties in the UK.
24 Mar 2010
State oil giant Saudi Aramco and U.S. firm Dow Chemical are considering relocating their planned giant petrochemical complex to Jubail, industry sources said...
24 Mar 2010
Japan's Obayashi Corp said on Wednesday it is likely to post an operating loss of 66 billion yen ($730 million) for this financial due to increased costs related to the construction of Dubai's metro...
24 Mar 2010
JPMorgan Chase is closing in on a deal with the Federal Deposit Insurance Corp (FDIC) that could result in a tax refund of about $1.4 billion for the bank, the Wall Street Journal reported...
24 Mar 2010
Standard Chartered's private banking arm aims to hire over 100 bankers globally in 2010 with Asia accounting for two-thirds of the new recruits, as it seeks to tap the growing number of millionaires...
23 Mar 2010
The Obama administration's pay czar slashed pay again at five U.S. firms that still depend on a government lifeline, but boasted that the clampdowns are not sending talented workers fleeing for the exits...
23 Mar 2010
Daimler AG was charged with violating U.S. bribery laws related to deals in at least 22 countries over almost a decade, according to a document filed in a U.S. court...
23 Mar 2010
Dai-ichi Mutual Life Insurance's $11 billion initial public offering was more than three times oversubscribed, said a person with direct knowledge of the matter…
23 Mar 2010
Aircraft components maker Triumph Group Inc agreed to acquire Vought Aircraft Industries from D.C.-based private equity giant Carlyle Group in a $1.44 billion cash-and-stock deal…
23 Mar 2010
Dubai World will present plans to restructure its $26 billion debt pile to creditors this week, with details emerging as soon as Wednesday...
23 Mar 2010
Homeowners have sued Bank of America Corp for allegedly reneging on a promise it made to modify troubled mortgages as a condition of accepting $25 billion of federal bailout money...
23 Mar 2010
Takeover target Arrow Energy Ltd's biggest shareholder, New Hope Corp, said it would support a takeover offer from Royal Dutch Shell and PetroChina worth more than $3.1 billion...
23 Mar 2010
The Indian unit of Coca-Cola Co has been asked to pay $47 million compensation for causing environmental damage at its bottling plant in Kerala, state officials said...
23 Mar 2010
Debt-laden Dubai World will present plans to restructure its $26 billion debt pile to creditors this week, with details emerging as soon as Wednesday...
23 Mar 2010
Britain's Labour government will announce plans to impose up to 200 percent fines on the most devious tax evaders in Wednesday's budget, a government source said...
23 Mar 2010
The European fund sector is risking a mis-selling scandal as hedge fund-style investments are brought into a market more used to plain vanilla products, said...
23 Mar 2010
Australian Stern Hu and three Chinese executives of the Anglo-Australian miner, which does much business with China, were formally arrested in July. The three Chinese are…
23 Mar 2010
Google said it intends to continue research and development in China, as well as maintain a sales staff there, even after closing Google.cn and rerouting traffic to the unfiltered…
23 Mar 2010
Europe's highest court ruled Google Inc did not infringe trademark law by selling keywords to trigger ads after Louis Vuitton and others said the practice undermined their brands...
23 Mar 2010
Lions Gate Entertainment Corp's board of directors rejected Carl Icahn's hostile bid to buy the movie studio, calling the offer "coercive" and too low…
23 Mar 2010
Six men, including senior professionals in London and a hedge fund employee, have been arrested in Britain on suspicion of being involved in a sophisticated and long-running insider-dealing ring...
23 Mar 2010
Canadian copper miner Quadra Mining and its rival FNX Mining Co agreed to merger in a C$1.54 billion ($1.51 billion) all stock deal, creating a mid-sized base metal firm with assets in...
23 Mar 2010
British insurer Standard Life's fund arm has made its first foray into hedge funds with the acquisition of London-based Aida Capital, as clients begin to return to the industry in the wake of the credit crisis...
23 Mar 2010
Sovereign borrowing still eludes the Islamic bond, or sukuk, market, leaving investors hungry for a benchmark issue to reinvigorate trading after the credit crunch and the Dubai World crisis...
23 Mar 2010
Babcock International has made an agreed 1.33 billion pounds ($1.99 billion) offer for defence services rival VT Group, in a deal which will create a FTSE 100-listed defence services giant...
22 Mar 2010
The former chief executive of American International Group Inc, Maurice "Hank" Greenberg, reached a deal to sell most of the shares he holds in the insurer to a unit of…
22 Mar 2010
Saudi Arabia has suspended GlaxoSmithKline's diabetes drug Avandia for six months, arguing that potential heart risks outweigh its benefits...
22 Mar 2010
Like a ghastly family row in which relatives dredge up long-buried grievances, Greece's debt crisis is driving Europeans to exhume old fears and resentments in a bitter debate about the future of their common currency...
22 Mar 2010
Brenntag Holding, the world's largest chemical distributor, has attracted enough orders to cover its 800 million euro ($1 billion) initial public offering, according to sources close to the deal...
22 Mar 2010
Trade Minister Anand Sharma said on Monday that a proposed free-trade agreement with the European Union would not hurt the generic drugs industry...
22 Mar 2010
Auto-parts maker Cooper Standard Holdings Inc filed an amended plan of reorganization that increases the new equity investment into the company to $355 million...
22 Mar 2010
Biogen Idec Inc said it has come to an agreement with activist investor Carl Icahn under which Icahn will abandon his threatened proxy fight in return for Biogen's acceptance of one of his nominees to...
22 Mar 2010
The healthcare reform measure passed by the House of Representatives on Sunday delivers some good news for drugmakers, device companies and even health insurers…
22 Mar 2010
The Labour government will unveil a 2 billion pound "green" investment bank in Wednesday's budget to help Britain's transformation to a low carbon economy, a government source said...
22 Mar 2010
State-owned Dubai World is expected to propose a $26 billion debt restructuring plan to its creditors in a move seen as a key test of how Dubai will handle the debt burden of state-linked firms...
22 Mar 2010
Australian national Stern Hu and three Chinese employees of Rio faced prosecutors in the court in Shanghai, China's financial hub, all accused of taking bribes and violating commercial secrets…
22 Mar 2010
The China Business News reported Google may make an announcement as early as Monday on whether it will pull out of China…
22 Mar 2010
Arrow Energy Ltd agreed to sell its Australian coal-seam gas assets to Royal Dutch Shell and PetroChina for a sweetened $3.1 billion, giving resource-hungry China its first bite of...
22 Mar 2010
State-owned utility Dubai Electricity and Water Authority (DEWA) has delayed negotiations with banks for a $1.5 billion bond by two weeks, a United Arab Emirates newspaper reported...
22 Mar 2010
The U.S. House of Representatives gave final approval to a sweeping healthcare overhaul on Sunday, expanding insurance coverage to nearly all Americans and handing President Barack Obama a landmark victory...
21 Mar 2010
Bankers will see Dubai's plans to restructure $26 billion in debt as a kickoff in a long game and not a goal if other high-profile restructurings, such as Russian aluminium producer UC RUSAL are a guide...
21 Mar 2010
State-owned conglomerate Dubai World is expected to propose a $26 billion debt restructuring plan to its creditors imminently, in a move seen as a test of the emirate's ability to honour commitments...
21 Mar 2010
Dubai's debt restructuring proposal will determine the fate of UAE equity markets as the ailing emirate seeks support from Abu Dhabi, with markets poised to rally if the deal includes guarantees...
21 Mar 2010
Zhongsheng Group Holdings Ltd, a Chinese dealership providing services to carmakers, raised U.S.$369 million when it priced its Hong Kong initial public offering near the…
19 Mar 2010
Kinross Gold made a surprise move into the diamond industry on Thursday, saying it will pay $150 million for a stake in diamond miner and retailer Harry Winston Diamond and an additional...
19 Mar 2010
Billionaire investor Carl Icahn launched an offer to buy Lions Gate Entertainment Corp, a move that would hamper the studio's expected bid for storied rival Metro-Goldwyn-Mayer Inc...
19 Mar 2010
A Conservative British government would impose a carbon tax on electricity generation to create a clear incentive for long-term investment in renewable energies, the party said...
19 Mar 2010
Dubai's "build and they will come" model is in a state of flux, rather than broken, as the emirate suffers growing pains in its evolution from emerging economy to global business hub...
19 Mar 2010
German fashion house Tom Tailor is promising a dividend payout of up to 40 percent of annual profit after its initial public offering next week...
19 Mar 2010
Miner Rio Tinto signed a $2.9 billion (1.9 billion pound) pact with Chinese metals group Chinalco to develop an African iron ore mine, amid tense price talks with China's steel mills and ahead of a trial of...
19 Mar 2010
Winning a mandate for an IPO in China is a small but important step for Daiwa," said Azuma Ohno, a brokerage analyst at Credit Suisse Securities in Tokyo…
19 Mar 2010
The report also said a local authorized agent had received unconfirmed information that Google would leave China on April 10…
19 Mar 2010
Australia's Arrow Energy Ltd asked for trading in its shares to be suspended, stoking speculation that Royal Dutch Shell and PetroChina would sweeten their joint $3 billion offer for the coal-seam gas producer...
19 Mar 2010
U.S. stocks are likely to suffer a correction in the second quarter as anxiety about the Federal Reserve's exit strategy sparks caution, Barclays Capital said...
19 Mar 2010
An upcoming overhaul of the European Union's budget will keep the bloc's farm aid system and is unlikely to involve any pan-EU tax, the bloc's new budget chief said...
18 Mar 2010
Private equity firm Apax Partners has been talking with Polycom Inc to take the U.S. video conferencing company private for more than $3 billion…
18 Mar 2010
China Shouguang Agricultural Product Logistic Park, one of the country's largest agricultural market operators, will sell a roughly 30 percent stake of the company to the…
18 Mar 2010
The offering by Samsung Life, which is part of South Korea's top business conglomerate Samsung Group, comes as the market waits for the pricing next week of an up to $12 billion…
18 Mar 2010
Canadian wireless newcomer, Public Mobile Holdings Inc, said it has opened 25 stores in Toronto and Montreal in advance of a mid-May service launch it plans in those cities...
18 Mar 2010
A long-awaited World Trade Organization decision next Tuesday on state support for Airbus planes will clarify rules on industrial subsidies but does not mean the end of the decades-old civil aircraft dispute...
18 Mar 2010
Regulators have approved three expansion stages at Suncor Energy Inc's Firebag oil sands project that will eventually add output of 188,000 barrels of bitumen a day, Suncor said...
18 Mar 2010
Google Inc accused Viacom Inc of secretly uploading its videos to YouTube even as the media conglomerate publicly denounced the online video site for copyright infringement...
18 Mar 2010
Barnes & Noble Inc promoted the executive who spearheaded the development and launch of its Nook electronic reader to be its new chief executive, as the largest specialty U.S. bookseller...
18 Mar 2010
Standard Chartered among major creditors of Dubai World, expects debt restructuring talks with the state-owned firm to lead to a "fair and pragmatic" result …
18 Mar 2010
U.S. bank regulators may extend a guarantee program set up at the peak of the financial crisis, fearing that ending the program could spark liquidity failures at small banks...
18 Mar 2010
A U.S. bankruptcy judge said on Wednesday Lehman Brothers Holdings Inc could delay until mid-April filing a detailed disclosure statement for its proposed plan to end its bankruptcy...
18 Mar 2010
MGM Mirage's plan to exit the mature Atlantic City market in favor of booming Macau removes a year of overhang from the company and should clear the way for a…
18 Mar 2010
The first electronic trading platform allowing sharia-compliant companies to raise cash will launch in London in May, the venture capital firm behind the project told Reuters…
18 Mar 2010
JPMorgan, which lost a court case over a fees dispute with an Australian miner, said it believes there are strong grounds for appeal and was currently assessing its response…
18 Mar 2010
Prudential Plc CEO Tidjane Thiam has backed away from taking a seat on Societe Generale's board, bowing to pressure from investors who said the role could…
18 Mar 2010
Israel's Teva has won the battle for German generic drugmaker Ratiopharm, paying an enterprise value of 3.625 billion euros to fix the industry leader's weakness in the world's second-largest...
18 Mar 2010
Britain announced hundreds of millions of pounds in aid to Ford Motor and Nissan Motor for the development of environmentally friendly technologies as it seeks to become a world leader in ultra low-carbon vehicles...
17 Mar 2010
The U.S. accounting watchdog has imposed sanctions against two Indian auditors who were affiliated with PricewaterhouseCoopers after they failed to detect at multi-year fraud at...
17 Mar 2010
Korea Life had priced its $1.6 billion IPO, South Korea's biggest in four years, below market expectations as it sought to keep investors interested ahead of the Samsung Life...
17 Mar 2010
The Financial Supervisory Commission said in a statement that among the guidelines, single mainland banks would not be allowed to take more than a 5 percent stake in any…
17 Mar 2010
The warning from Chinese online advertising sales companies comes amid signs that Google Inc may soon move to close Google.cn, more than two months after it hit back…
17 Mar 2010
The Wachovia Bank unit of Wells Fargo & Co has agreed to pay $160 million to settle U.S. allegations that it laundered Mexican drug money...
17 Mar 2010
The financial regulator plans to hire 14 percent more staff this year to help beef up its increasingly intrusive approach to supervision, implement new European insurance rules and bolster its enforcement arm...
17 Mar 2010
A Lehman Brothers bankruptcy examiner's report will help securities regulators in their investigation of large financial firms involved in the Wall Street meltdown, a top regulator said...
17 Mar 2010
A group of investors including Morgan Stanley's private equity arm, Goldman Sachs and General Atlantic have invested $425 million in India's Asian Genco Pte Ltd, General Atlantic said...
17 Mar 2010
The European Commission will crack down on "naked" selling and speculation in the market for credit default swaps with proposed controls as soon as June, the EU's financial markets chief said...
17 Mar 2010
Dutch pension fund ABP, the world's third largest, has sued Bank of America, saying it withheld vital information in 2008 about its Merrill Lynch takeover that would have led ABP to reject the deal...
17 Mar 2010
Tidjane Thiam, the chief executive of UK insurer Prudential Plc who recently made a $35.5 billion bid for AIG's Asian business, is set to join the board of French bank Societe Generale...
17 Mar 2010
Dubai World will offer banks one proposal in its attempt to renegotiate some $26 billion in debt, which would include full repayment over a seven-year period with interest likely linked to LIBOR...
17 Mar 2010
A U.S. House panel will hold a hearing exploring regulatory failures leading up to the collapse of Lehman Brothers, after a court-appointed examiner report found…
17 Mar 2010
Banks should control the pace of their lending and be aware of the risks entailed in extending credit to the property sector and to local governments…
16 Mar 2010
China Shenhua Energy Co Ltd said it is still in the running for a stake in Mongolia's massive Tavan Tolgoi project, adding a new twist in the long-running tussle for what has…
16 Mar 2010
"We will make some breakthroughs in overseas development this year," Xiong said in an interview in his Beijing office…
16 Mar 2010
American Express Co Chief Executive Kenneth Chenault made $17.4 million in 2009, as the nation's largest credit-card issuer rebounded from the financial crisis...
16 Mar 2010
Indian energy major Reliance Industries is seeking a joint venture with Atlas Energy to develop the U.S. firm's Marcellus Shale gas project, a source with direct knowledge of the matter...
16 Mar 2010
Deutsche Bank Chief Executive Josef Ackermann got 70 percent of his 9.55 million euro ($13 million) pay for 2009 as performance-related compensation, reflecting a change in the way banks reward executives...
16 Mar 2010
Bharti Airtel, in talks to buy the African mobile operations of Kuwait's Zain for $9 billion, has issued a term sheet to banks to raise up to $8.5 billion in offshore loans to fund the deal...
16 Mar 2010
European Union plans to crack down on hedge funds hung in the balance when talks stalled after Britain dug in its heels to head off new rules that could damage its financial center...
16 Mar 2010
AstraZeneca expects double-digit growth in emerging markets, the new battleground for Big Pharma as sales in Western markets stall, but said on Tuesday it would be much more selective than some...
16 Mar 2010
President Barack Obama faced growing congressional pressure to get tough with China over its currency practices, one day after Chinese Premier Wen Jiabao brushed off…
16 Mar 2010
The company's statement comes a day after news reports that Arrow is preparing to reject the bid because it considered the price too low…
16 Mar 2010
Internet communications company BroadSoft Inc filed to raise up to $103.5 million in an initial public offering…
16 Mar 2010
Korea-based chipmaker MagnaChip Semiconductor LLC filed with U.S. regulators to raise up to $250 million in an initial public offering of common stock…
16 Mar 2010
Britain's financial regulator banned a former Merrill Lynch proprietary trader after he deliberately mis-marked positions to avoid showing increasing losses, forcing the bank to make a $456 million...
16 Mar 2010
The government rejected on Tuesday calls by the European Commission for it to do more to cut its ballooning budget deficit in the medium term, saying such action would damage public services...
16 Mar 2010
Lehman Brothers Holdings Inc ousted whistle blower Matthew Lee just weeks after he had raised concerns with Lehman's auditor about the firm's accounting in 2008...
15 Mar 2010
The former president of New York's privately held Park Avenue Bank was arrested and charged on Monday with being the first person to attempt to steal from U.S. government bailout funds in the...
15 Mar 2010
The Financial Reporting Council has asked Ernst & Young to explain how it audited the books of U.S. investment bank Lehman Brothers before it went bust in 2008, Britain's accounting watchdog said...
15 Mar 2010
Allied Irish Banks launched a $4 billion bond exchange offer on Monday, which analysts said could contribute up to 400 million euros ($550 million) towards its efforts to find fresh capital...
15 Mar 2010
Dell Inc, the world's third-largest PC maker, has filed a lawsuit against Sharp Corp, Hitachi Ltd, Toshiba Corp and two other companies for alleged price fixing of LCD displays...
15 Mar 2010
China National Oil Corp hired JPMorgan as the adviser on the buy side, while Beijing-based Hopu was hired by Bridas Energy as the adviser for the sell side…
15 Mar 2010
T Rowe Price has been in talks with Citic Securities for months to buy a stake in China Asset Management Co and it has completed due diligence on the target company…
15 Mar 2010
According to the Journal, the bank is considering incorporating locally in China, which would mean it would have to inject new capital into its Chinese unit…
15 Mar 2010
Air China announced late on Thursday that it would issue new A and H shares to its parent and other individual investors to raise about 6.5 billion yuan…
15 Mar 2010
It said in a report on its website Google had drawn up detailed plans for closing its Chinese search engine…
15 Mar 2010
Citic Securities will transfer part of its stakes in China Securities Co and China Asset Management Co (China AMC), it said in a statement to the Shanghai Stock Exchange…
15 Mar 2010
An Australian newspaper reported from Beijing that a detailed report to the State Council, or China's cabinet, blames economic forces and a powerful public relations campaign…
15 Mar 2010
Brazil revealed on Monday a preliminary list of U.S. patents and intellectual property rights it could restrict unless both countries settle a long-standing dispute over U.S. cotton aid...
15 Mar 2010
Consol Energy Inc agreed to buy Dominion Resources Inc's Appalachian natural gas properties for $3.48 billion in cash, giving Consol a leading position in the growing Marcellus Shale field...
15 Mar 2010
Apparel company Phillips-Van Heusen Corp said it will buy fashion brand Tommy Hilfiger in a cash and stock deal for about $3 billion in a bid to boost its presence in markets like Europe and Asia...
15 Mar 2010
China's banks can be excused for wishing that the next few quarters bring them a boring stretch of business…
15 Mar 2010
Brazil expects a new free trade agreement with Israel to swell bilateral trade to more than $3 billion within five years, officials said on Monday...
15 Mar 2010
Australia's pension funds industry, the fifth largest in the world with A$1.2 trillion ($1.1 trillion) under management, is dragging its feet on climate change risk when making investment decisions...
15 Mar 2010
Upmarket retailer Liberty is selling its distinctive mock Tudor department store building in London's West End for 41.5 million pounds to pay off debt, it said...
15 Mar 2010
Chinese oil firm CNOOC's purchase of a stake in Argentina's Bridas Holdings gives it a foothold in reserve-rich Latin America and should ease investor worries about its aggressive output targets...
15 Mar 2010
Abu Dhabi Investment Authority, considered the world's largest sovereign wealth fund, said the global economy still faces "considerable uncertainty," in its first annual review aimed at enhancing transparency...
15 Mar 2010
Australia's Arrow Energy is set to reject this week Royal Dutch Shell and PetroChina's $3 billion joint bid, a paper said on Monday citing an unnamed source...
15 Mar 2010
Chief executives of gold producers almost always voice bullish sentiments about the price of the yellow metal, but mining executives lately have backed their conviction with actions...
14 Mar 2010
Hutchison Whampoa said on Sunday it will send documents to shareholders related to its plans to take private its emerging telecoms unit, Hutchison Telecom…
13 Mar 2010
Godrej Consumer Products said it has agreed to buy personal care company Tura from Nigeria's Tura Group...
13 Mar 2010
Bank of America Corp will publish details of its political donations on the company's Web site, the New York City comptroller announced…
13 Mar 2010
Kuwait's Investment Dar, which owns half of British carmaker Aston Martin, is applying for support under a government facility set up for troubled companies as part of a debt-restructuring plan...
12 Mar 2010
LyondellBasell said its unit Lyondell Chemical Co plans to raise $3.25 billion in debt, including a senior secured note issue, as the chemical company charts its course out of bankruptcy...
12 Mar 2010
Many of China's big banks are tapping debt and equity markets for funds after a lending spree last year to support Beijing's economic stimulus left their capital ratios under pressure and…
12 Mar 2010
Switzerland's UBS has warned parliamentarians failure to back a deal to end its bitter U.S. tax row with the bank could result in a damaging backlash for Swiss banks as well as the Alpine nation's economy...
12 Mar 2010
Lions Gate Entertainment Corp rejected on Friday Carl Icahn's bid to increase his stake in the studio as too low, setting the stage for a battle with the billionaire investor...
12 Mar 2010
Washington Mutual Inc said on Friday that it reached a deal that will bring it roughly $6 billion and help resolve its bankruptcy, but it could leave shareholders in the cold...
12 Mar 2010
Prosecutors in Southern California said on Friday they were filing a lawsuit against Toyota Motor Corp, charging that the automaker has endangered the public with defective vehicles, and...
12 Mar 2010
Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices...
12 Mar 2010
China warned Google, the world's largest search engine, against flouting the country's laws, as expectations grow for a resolution to a public battle over censorship and cyber-security...
12 Mar 2010
Britain's top banks look likely to avoid massive losses on Dubai World's debt pile, but have already seen about 1 billion pounds ($1.5 billion) wiped off profits due to problem loans in Dubai and the region last year...
12 Mar 2010
If Greece's debt crisis is giving the European Union a headache, it is minor compared to the pain it will suffer if a large member state such as Spain sinks into similar trouble...
12 Mar 2010
Kohlberg Kravis Roberts & Co has filed to list its shares on the New York Stock Exchange, the private equity giant said...
12 Mar 2010
A recovery in domestic and regional traffic has rekindled investor interest, allowing Chinese carriers battered by the global financial crisis to tap the market to reduce debt, and…
12 Mar 2010
Financial markets are gripped by the role derivatives have played in Greece's debt crisis, but Italy also has a derivatives time bomb, and hundreds of cities are in the 24 billion euro blast zone...
12 Mar 2010
JPMorgan has signed memorandum of understanding with First Capital to set up the venture, after four years of talks with China's Liaoning Securities and Bohai Securities collapsed…
11 Mar 2010
The European Union hit back on Thursday against U.S. criticism of plans to crack down on hedge funds, saying its push for openness in the industry met a commitment also given by Washington and others...
11 Mar 2010
Hospital chain Fortis Healthcare will buy 23.9 percent of Singapore's Parkway Holdings from U.S. buyout firm TPG Capital in an expansion drive into Asia and the Middle East...
11 Mar 2010
The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said...
11 Mar 2010
CBOE Holdings Inc, which operates the biggest U.S. options exchange, said on Thursday it is planning to raise as much as $300 million in an initial public offering...
11 Mar 2010
The Financial Supervisory Commission has set five conditions for the deal, including ensuring the buyers' funding sources meet Taiwan regulations…
11 Mar 2010
The new China Trade Representative office will absorb a tangle of offices that have overlapping influence on trade matters, and it will have functions similar to the United States Trade Representative…
11 Mar 2010
Investors and analysts have greeted the deal with skepticism, however. Since the deal was first reported in early March, China Mobile's Hong Kong-listed shares have fallen 3 percent…
11 Mar 2010
Google threatened in January to shut its Chinese Google.cn portal and to pull back from China, citing problems of censorship and a hacking attack from within the country...
11 Mar 2010
More than 100 nations have now endorsed the Copenhagen Accord, a non-binding agreement reached after two weeks of tortuous wrangling at a 194-nation summit in December.….
11 Mar 2010
Sharia boards face increased scrutiny and criticism as high-profile corporate defaults and cautionary comments from respected scholars cast a harsh light on the fast growth of…
11 Mar 2010
The reduction comes as once-booming markets in both Shanghai and Hong Kong, which raised more funds in IPOs than anywhere else in the world last year, have started to weaken…
11 Mar 2010
Dubai World will present its first concrete proposals to local banks on restructuring $22 billion in debt, The National newspaper reported, citing unnamed sources...
11 Mar 2010
Malaysian airport operator Malaysia Airports Holdings Bhd <MAHB.KL> is planning to raise as much as 400 million ringgit ($120.6 million) from a share placement, according to a term sheet obtained by Reuters...
11 Mar 2010
Egypt's telecom regulator has extended the deadline for bids for two restricted licences to supply cable, voice and internet services to residential compounds by one month, after requests from potential bidders...
11 Mar 2010
HSBC Holdings said the theft of data by a former employee affected about 15,000 Swiss client accounts, after previously saying it affected "less than 10 clients"...
11 Mar 2010
London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields...
11 Mar 2010
More sharia hedge funds are likely to be launched, specialising in healthcare, telecoms and technology stocks, a U.S. financial firm said, as the industry debates how far Islam sanctions such investments...
10 Mar 2010
Lenders to Dubai World will get a range of options including full repayment once Abu Dhabi decides how much additional support it will give its debt-laden neighbour, sources close to the discussions said...
10 Mar 2010
Global regulators have set up an extra body to assess how new bank capital requirements will affect the economy after industry criticism that introducing tougher rules too soon could stall recovery...
10 Mar 2010
Around one in two sovereign wealth funds invest in private equity, real estate and infrastructure assets to seek a diversified source of returns, a report showed...
10 Mar 2010
Banks in the United Arab Emirates may require more government support if the debt restructuring of state-owned Dubai World forces lenders to take significant "haircuts" or debt writedowns, analysts say...
10 Mar 2010
Goldman Sachs Group Inc asked a Canadian court to give it and its partners another shot at winning the broadcast assets of bankrupt Canwest Global Communications Corp...
10 Mar 2010
Britain is preparing concessions to Germany and France that will pave the way for European finance ministers to agree draft regulations on hedge funds as soon as next week, sources with knowledge of the matter said...
10 Mar 2010
Citigroup's launch of preferred securities on Wednesday is a potentially major test of market sentiment, one year after prices of bank bonds and stocks plunged to multi-year lows, analysts said...
10 Mar 2010
Chilean copper miner Antofagasta Minerals aims to expand into a global player, doubling output after 2015 through takeovers and developing its own projects, from Pakistan to the United States...
10 Mar 2010
Fertilizer producer Terra Industries Inc told proposed merger partner Yara International to improve its takeover bid, saying an offer from CF Industries Holdings Inc is superior...
10 Mar 2010
Belgium-based insurance group Fortis returned to profit in 2009 and resumed its dividend, a year after its dramatic break-up, and announced it would be changing its name to ageas...
10 Mar 2010
Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry...
10 Mar 2010
The global market value of publicly-traded real estate investment trusts (REITs) is set to expand again this year after rebounding in 2009, an annual report by Ernst & Young predicted...
10 Mar 2010
Corporate America needs to track its use of energy and resources as closely as it does its hiring and cash flow if it wants to keep pace with social concern about climate change and…
10 Mar 2010
Information memoranda have been issued for the sale of Istithmar's port and shipping agent Inchcape Shipping Services (ISS) as the auction gets underway…
10 Mar 2010
Future banking regulations should be an improved version of existing rules, while ideas to cap the size of banks and set up bank bailout funds are flawed…
10 Mar 2010
India offers better opportunities for equity investors compared with China as the growth potential is stronger and there are more quality Indian companies to choose from...
10 Mar 2010
Dubai-owned utility Dewa's $1.5 billion bond issue in early April will carry no government guarantee, which is likely to limit investor interest while Dubai state enterprises are struggling with a debt crisis...
9 Mar 2010
Canadian corporate mergers and acquisitions continued to rebound in the fourth quarter, with the number of deals rising 18 percent year over year and the value of the transactions…
9 Mar 2010
The recent uptick in merger activity has included an increase in strong-armed takeover tactics that has made unfriendly deals even more hostile...
9 Mar 2010
Comerica Inc, a large U.S. regional bank, said it priced an offering of more than 22.8 million of its shares at $35 a share…
9 Mar 2010
The federal government will support Dubai as it grapples with a $26 billion debt restructuring and expects the matter to be resolved soon, the United Arab Emirates' finance minister said...
9 Mar 2010
The European Commission will consider banning the naked selling of contracts that investors use to hedge against countries defaulting on their debt, its chief said...
9 Mar 2010
Ratings agency Standard & Poor's has cut its ratings on cooling firm Tabreed, bailed out by Abu Dhabi, saying a debt restructuring looked likely and the prospect of further help was low...
9 Mar 2010
Britain's biggest mall owner, Liberty International, is carving up its 6.2 billion pounds portfolio to drive shareholder value, a likely watershed for the rebounding UK listed property sector...
9 Mar 2010
Airbus parent EADS fell to a heavy 2009 loss and axed its dividend as production niggles on its A380 superjumbo swelled provisions and dampened the outlook for this year, despite signs of an aviation recovery...
8 Mar 2010
Arrow said on Monday that the non-binding, conditional bid from a company jointly owned by Shell and PetroChina would give shareholders A$4.45 in cash per share…
8 Mar 2010
The government's sale of shares in miner NMDC will raise up to $2.56 billion after it set a price range for the offer at a discount of 13-25 percent to Monday's closing level...
8 Mar 2010
LyondellBasell filed a restructuring plan on Monday, rejecting a takeover bid from Reliance Industries that valued the bankrupt petrochemicals firm at $14.5 billion...
8 Mar 2010
Bank of New York Mellon Corp, the world's largest custodian of financial assets, said it agreed to acquire Germany's BHF Asset Servicing GmbH for $343 million...
8 Mar 2010
Kraft Foods Inc is being investigated by U.K. regulators on whether the company misled employees and investors in its battle to take over British firm Cadbury, the Wall Street Journal said...
8 Mar 2010
European Union finance ministers will discuss next week how to dampen speculation on sovereign credit default swap markets, sources said, as central bankers worry some selling practices pose wider risks...
8 Mar 2010
Insurer Prudential took steps to underpin its record-breaking rights issue by bringing forward plans for an Asian listing, while also starting to meet sceptical investors in Britain to explain the deal's merits...
8 Mar 2010
A dearth of real estate firms listing on the London Stock Exchange's junior market is unlikely to change before 2012, even as the property market revives, with gun-shy investors only willing to...
8 Mar 2010
Hopes of progress this week on Dubai World $26 billion debt restructuring lifted stocks and eased fears of default but potential divisions emerged among creditors to the state-owned conglomerate...
8 Mar 2010
China is under intense pressure from the United States and Europe to abandon the exchange rate peg it instituted of around 6.83 yuan per dollar since mid-2008 to preserve the competitiveness…
8 Mar 2010
Kraft Foods is being investigated by British regulators on whether the company misled employees and investors in its battle to take over Cadbury, the Wall Street Journal said…
8 Mar 2010
Lloyd's of London insurer Chaucer said it would weigh up moving offshore for tax purposes later this year after reporting a return to profitability in 2009, helped by better investment returns…
8 Mar 2010
Warring creditors of Six Flags Inc take their battle for the theme park operator before a bankruptcy judge on Monday, with the outcome likely hanging on how much debt the company can afford…
8 Mar 2010
U.S. real estate investor Andrew Farkas is all set to buy Centerline Holding Co, a provider of real estate financial and asset management services, by investing…
8 Mar 2010
The new so-called international board would allow foreign-domiciled companies to make initial public offerings in China…
8 Mar 2010
AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, in a deal that would help the U.S. government recover billions in bailout funds...
8 Mar 2010
China is a potential major customer for U.S. pork in the future and producers are looking for exports to resume after being halted last year due to H1N1 concerns…
7 Mar 2010
Kuwait's Investment Dar, which owns half of British luxury carmaker Aston Martin, said that it was considering along with creditors' to use a $5.2 billion state rescue facility…
5 Mar 2010
Hypermarcas, the biggest Brazilian multibrand consumer goods maker, agreed on Friday to buy diaper maker Sapeka Fraldas in cash and stock to grow in a market that is booming as more low-income families...
5 Mar 2010
European governments are exploring ways to curb trade in credit default swaps but may have to settle for requiring greater disclosure rather than banning certain forms of speculation...
5 Mar 2010
Broadband services provider RCN Corp said it agreed to be bought by investment fund ABRY Partners for about $536 million, excluding debt, as private-equity firms return to the deal market...
5 Mar 2010
Regulators conditionally approved TransCanada Corp's plan for a C$200 million ($194 million) pipeline, the first federally regulated shale gas transport system in Western Canada...
5 Mar 2010
Fertilizer maker CF Industries formally launched an exchange offer for all of the outstanding shares of Terra Industries and said its offer is superior to Yara's current offer for the company...
5 Mar 2010
A small Midwestern bank has negotiated with the U.S. Treasury for taxpayers to essentially buy the bank's shares at an above-market-value price, in an unusual transaction reflecting how…
5 Mar 2010
Indebted Spanish media company Prisa reached a deal with Liberty Acquisition Group on Friday worth around $900 million for the publisher of El Pais and…
5 Mar 2010
China's Chongqing Water Group Co said on Friday it would launch an initial public offering of 500 million yuan-denominated A shares to raise funds for projects requiring about…
5 Mar 2010
Abu Dhabi-linked firms will pay more to raise capital in the wake of Moody's downgrades as a government statement of support for the high-profile firms fell short of explicit guarantees...
5 Mar 2010
The European Union executive is tempering its hopes of securing a legally binding climate deal in talks this year culminating in Cancun, Mexico, focusing instead on a 2011 summit in South Africa, a source said...
5 Mar 2010
China Development Bank, a powerful, state-owned Chinese bank, said on Thursday it will review its strategic tie-up with Barclays Plc, including its equity stake in the British bank…
5 Mar 2010
The assurance of a direct sale compared to the uncertainty of selling a minority stake and braving the equity market can be hard to resist for sellers, particularly for buy-out houses…
5 Mar 2010
IPOs don't get much larger than the $12 billion offering from Dai-ichi Mutual Life Insurance Co, Japan's second-biggest insurer, and optimism is running high that it will kickstart the country's...
4 Mar 2010
Holders of bankrupt Tribune Co bonds have filed a lawsuit to disallow claims by banks that funded the company's $8.2 billion leveraged buyout, according to court documents filed...
4 Mar 2010
Auto parts maker Tower International Inc filed for an initial public offering worth up to $100 million…
4 Mar 2010
A federal appeals court affirmed a contempt finding against Dish Network Corp and EchoStar Corp in their long-running patent case against digital video recorder maker TiVo Inc...
4 Mar 2010
Canadian brokerage firm Canaccord Financial said it was buying rival Genuity Capital Markets for about C$286 million ($277 million) in cash and stock to expand its merger advisory business...
4 Mar 2010
Canon Inc declared its $1 billion offer for Oce NV unconditional, sending a clear message to shareholders holding out for a better deal it is set to tie up the acquisition...
4 Mar 2010
France will play a more active role in managing its state shareholdings, President Nicolas Sarkozy said on Thursday unveiling policies aimed at halting the decline of French industry...
4 Mar 2010
Dubai World's overseas investment arm has lost its second prime New York property after defaulting on payments to Danske Bank, an executive at the lender said, raising questions over the future of its...
4 Mar 2010
Babcock International's proposed takeover of defence services company VT Group moved a step closer after the pair said they were in talks over a potential deal to create a global services powerhouse...
4 Mar 2010
Investors who lost money to U.S. swindler Bernard Madoff through a fund set up by UBS cannot seek compensation directly from the Swiss bank, a Luxembourg court ruled on Thursday, relieving pressure on UBS...
4 Mar 2010
David Black, the president and CEO of North American media business Black Press Group Ltd, is making a bid for Canwest's chain of Canadian newspaper dailies, The Globe and Mail said...
4 Mar 2010
Debt-burdened Greece launched a critical bond issue on Thursday and urged Germany and other EU partners to send a clear signal of confidence in Athens to financial markets that would allow it to...
4 Mar 2010
Bargains are hard to find among potential takeover targets, but a greater access to financing and a need for revenue growth should propel a pickup in mergers and acquisitions, private equity executives said...
4 Mar 2010
Investors defrauded by U.S. swindler Bernard Madoff awaited a Luxembourg court ruling on Thursday over their wish to sue Swiss bank UBS, potentially sparking a wave of compensation claims...
4 Mar 2010
Shareholders of Washington Mutual Inc have filed a complaint against the savings bank holding company for not convening an annual shareholders' meeting for nearly two years, court documents show...
3 Mar 2010
Officials working for European Union financial markets chief Michel Barnier will meet industry experts and supervisors on Friday to discuss debt speculators amid concerns traders are worsening Greece's borrowing problems...
3 Mar 2010
Investors are becoming less convinced that a global carbon market, estimated to be worth about $2 trillion by the end of the decade, can be established as uncertainty over global climate policy persists...
3 Mar 2010
Investment fund Elliott Associates offered to buy business software maker Novell Inc for $2 billion, sending its shares up 28 percent as investors hoped for a better bid….
3 Mar 2010
Islamic banking must speed standardisation to grow while monetary authorities should enact laws that allow expansion into new Sharia-based products in domestic markets, industry experts said...
3 Mar 2010
U.S. banks would be banned from proprietary trading and other large financial firms would face quantitative limits on such activity, according to draft language on the so-called "Volcker rule" from the Obama administration...
3 Mar 2010
The U.S. Justice Department has launched an investigation into whether hedge funds might have acted together in betting against the euro, a source familiar with the situation said...
3 Mar 2010
Britain's largest insurer Prudential has lined up more than 30 banks to sell its $21 billion (13.9 billion pounds) rights issue, sources said, showing ample appetite for the deal backing its colossal Asian acquisition...
3 Mar 2010
U.S. southeast regional bank Synovus Financial Corp said it is facing an informal inquiry from the U.S. securities regulator, filings show...
3 Mar 2010
Dutch photocopier and printing systems maker Oce told a court on Wednesday a case brought by shareholders dissatisfied by a takeover offer from Japan's Canon may be damaging and pushed for a quick ruling...
3 Mar 2010
Sovereign wealth funds, currently a big source of capital for private equity and hedge fund managers, may increasingly become their competitors as they seek to manage assets for outside investors.…
3 Mar 2010
Ranbaxy Laboratories said on Wednesday it would not be able to launch a generic urinary drug as per schedule in the absence of a final regulatory approval, sending its shares down more than 6 percent...
3 Mar 2010
The U.S. National Broadband Plan set for release this month will not call for additional spending beyond the existing programs, a move likely to garner support from lawmakers…
3 Mar 2010
Singapore Exchange, Asia's second most valuable bourse by market capitalisation, plans to introduce trading of American Depository Receipts in coming months…
3 Mar 2010
The Canadian government is open to discussions about possibly allowing foreign investors to hold a majority stake in domestic telecommunications firms…
3 Mar 2010
An Islamic megabank slated to open this year is expected to spur bank mergers in the Gulf Arab region, where lenders are struggling to compete with large financial institutions...
3 Mar 2010
CITIC Capital, the flagship investment arm of state-owned CITIC Group, will ramp up its foreign expansion plans after receiving a major investment from China's sovereign fund, the firm's CEO said...
3 Mar 2010
Proposed regulation in Europe would add a lot of restrictions to raising capital on the continent, but it is questionable if it will go through as planned, a senior executive at private equity giant Blackstone Group said on Tuesday...
2 Mar 2010
Athabasca Oil Sands Corp, which recently sold a stake in its projects to a Chinese company for C$2 billion ($1.92 billion), plans to raise C$750 million in an IPO that is seen as a test of the strength of...
2 Mar 2010
Congress should not create blanket exemptions from new rules designed to make trading of over-the-counter derivatives more transparent, a commissioner on the top U.S. futures regulator said...
2 Mar 2010
The Internal Revenue Service has agreed to work more closely with the Securities and Exchange Commission to regulate the U.S. municipal bond market, the IRS said on Tuesday, adding the two...
2 Mar 2010
The U.S. Federal Deposit Insurance Corp is expected to offer $3.8 billion of guaranteed securitizations backed by the residential mortgage assets of failed banks...
2 Mar 2010
Malaysia's Affin Islamic Bank is unlikely to drop the bai bithaman ajil financing structure, its chief said on Monday, reflecting the industry's struggle to achieve a…
2 Mar 2010
(Reuters) Apple Inc accused HTC Corp, which makes touchscreen smartphones using Google Inc's software, of infringing 20 hardware and software patents related to the iPhone, in a lawsuit filed on Tuesday.
2 Mar 2010
Dow Chemical Co is selling its Styron basic plastics unit to private equity firm Bain Capital Partners for $1.63 billion...
2 Mar 2010
Indonesia aims to raise 1 trillion rupiah ($108.1 million) from the sale of Islamic debt, or sukuk, on Tuesday next week…
2 Mar 2010
Qatari Islamic lender Masraf al-Rayan on Monday said it had launched a new GCC-wide fund with a mandate to manage up to $1.1 billion and focus on Gulf equities, as well as fixed income instruments…
2 Mar 2010
A template for an over-the-counter Islamic derivative contract was launched, offering a channel for the emerging industry to better hedge itself against risks.…
2 Mar 2010
Abu Dhabi investment firm Invest AD is seeking to raise $325 million from third-party investors for a $400 million private equity fund that will invest in North Africa and the Middle East (MENA)…
2 Mar 2010
Abu Dhabi Commercial Bank and Schroder & Co Bank AG are setting up a private banking partnership in Switzerland to offer services to wealthy clients from the United Arab Emirates…
2 Mar 2010
A Luxembourg court will rule on Thursday whether investors who lost millions of dollars to U.S. swindler Bernard Madoff can seek compensation directly from Swiss bank UBS, potentially sparking a wave of claims...
2 Mar 2010
Britain's Prudential has pulled in a range of banks to help it sell its $21 billion rights issue, sources familiar with the matter said, as it seeks to broaden its shareholder base in Asia...
2 Mar 2010
Vedanta launched a $775 million convertible bond issue on Tuesday, seeking to refinance debt at lower interest rates...
2 Mar 2010
The top two U.S. mall owners will square off before a judge on Wednesday to shape the outcome of the largest U.S. real estate bankruptcy ever...
2 Mar 2010
Britain's Prudential will buy American International Group's Asian life insurance arm for $35.5 billion in the insurance sector's biggest deal ever…
2 Mar 2010
Fertilizer maker CF Industries Holdings Inc relaunched a hostile bid worth $4.75 billion to buy rival Terra Industries in a move to break up Terra's planned takeover by Norway's Yara International...
2 Mar 2010
South Korea's Hyundai Motor Co announced a sharp rise in February sales, benefiting from recall woes at rival Toyota Motor Co, which planned aggressive incentives to win back U.S. customers...
2 Mar 2010
A team of British financiers is working on a 1 billion pound bid for football club Manchester United, but the club's owners are not interested in selling, media reported...
2 Mar 2010
Zhongsheng Group, a Chinese dealership which provides services for automakers including Japan's Toyota Motor Corp, put off a $1 billion Hong Kong initial public offering, citing volatile market conditions...
2 Mar 2010
Ping An Insurance (Group) Co of China, which is seeking control of Shenzhen Development Bank, said it is still waiting for a series of Chinese regulatory approvals...
2 Mar 2010
General Motors said it will triple its funding of European arm Opel and cut its request for state aid, in a bid to win over European governments and labor...
2 Mar 2010
Japan's Canon Inc said it had acquired or been tendered 71 percent of Oce's shares in a takeover bid of the Dutch printer maker that closed Monday, short of its target of 85 percent...
2 Mar 2010
Prudential's proposed acquisition of AIG's Asian crown jewel puts pressure on other insurers to bulk up in the fast-growing region and could trigger a series of rival approaches...
2 Mar 2010
Mega Financial, Taiwan's No 4 financial holding firm, would be looking to take a controlling stake in a Chinese commercial bank after China and Taiwan sign a trade agreement…
1 Mar 2010
A creditor group led by U.S. private equity firm Apollo Management is expected to to reject India's Reliance Industries Ltd's bid for bankrupt chemicals maker LyondellBasell...
1 Mar 2010
Japan's Astellas Pharma Inc launched a $3.5 billion hostile bid for OSI Pharmaceuticals to gain access to the U.S. company's Tarceva cancer drug and become a bigger player in oncology...
1 Mar 2010
Baxter International Inc said on Monday it would pay up to $330 million to acquire U.K.-based ApaTech, a privately held maker of biologics products used in orthopedic and dental surgeries...
1 Mar 2010
Merck KGaA's agreed $6 billion cash purchase of U.S. biotech tool maker Millipore buoyed the German drugmaker's share on Monday as it diversified away from its embattled pharmaceuticals business...
1 Mar 2010
T-Mobile, the British arm of Deutsche Telekom, and France Telecom's Orange won EU regulatory approval on Monday for their plan to merge after they pledged to give up some radio spectrum...
1 Mar 2010
General Motors has approached previous bidders for its Hummer unit after a deal to sell the brand to an obscure Chinese firm collapsed…
1 Mar 2010
AstraZeneca said on Monday it was exercising an option with Merck & Co to take back full rights to certain drugs marketed in the United States and would pay the U.S. group $647 million in April...
1 Mar 2010
Goldman Sachs Group Inc's board has rejected demands from shareholders that the firm investigate recent compensation awards, recoup excessive compensation and reform pay practices...
1 Mar 2010
Shares in Cinram International Income Fund plunged almost 70 percent on Monday on news that its biggest customer will end its six-year agreement with the Canadian DVD and CD replicator…
1 Mar 2010
Lions Gate Entertainment Corp said on Monday its board will review activist investor Carl Icahn's unsolicited bid to increase his share in the company…
1 Mar 2010
Courts in Canada and the United States have rebuffed a British pension regulator's attempt to drag failed telecom equipment giant Nortel Networks Corp…
1 Mar 2010
Britain's Prudential said it would buy AIG's Asian life insurance arm for $35.5 billion, in a deal set to make the insurer the undisputed leader in one of the world's fastest-growing financial services markets...
1 Mar 2010
Property investor NewRiver and Morgan Stanley Real Estate Investing have created a joint venture to acquire UK retail property which has bought its first portfolio for 49 million pounds ($75 million)...
1 Mar 2010
Singapore's Changi Airport said on Monday it has acquired a 5 percent stake in Gemina S.p.A, the operator of two airports in Rome, for S$100 million ($71 million)...
1 Mar 2010
Nigeria's privatization body said it had cleared up any confusion over China Unicom's involvement in a $2.5 billion bid for the former state telecoms monopoly…
1 Mar 2010
Shanghai Pudong Development Bank,part-owned by Citigroup Inc, will raise about 40 billion yuan ($5.9 billion) by selling a roughly 20 percent strategic stake to China Mobile, two brokerages said…
1 Mar 2010
Sweden's economy unexpectedly slid back into recession in the fourth quarter, figures showed on Monday, sending the crown lower and raising questions about how soon interest rates will rise...
1 Mar 2010
SolarWorld, Germany's biggest solar company by revenue, acquired nearly a third of a Qatar-based polysilicon joint venture in a move to shift production abroad in light of rising labour costs at home...