NEWS
January 2011
31 Jan 2011
Bank of America Corp senior executives will not get cash bonuses for 2010 and Chief Executive Brian Moynihan will not receive a base salary increase…
31 Jan 2011
Aladdin Capital Management LLC was sued by Germany's Bayerische Landesbank to recover at least $60 million…
31 Jan 2011
The largest U.S. money-market funds reported "shadow prices" at $1 per share or more on the first day of a new federal reporting requirement…
31 Jan 2011
The Securities and Exchange Commission has requested information from the financially troubled Pennsylvania state capital of Harrisburg as part of a bond disclosures probe…
31 Jan 2011
A federal judge in Florida struck down President Barack Obama's landmark healthcare overhaul as unconstitutional...
31 Jan 2011
A senior human resources manager at Toshiba Corp has filed a $100 million lawsuit accusing a U.S. unit of the Japanese technology company of "systemic" gender bias against women in pay and promotions...
31 Jan 2011
Two accounting standard setters unveiled a joint plan on Monday to make banks anticipate losses on their loans earlier so they have more time to plug any financial holes…
31 Jan 2011
Maxwell Technologies Inc; Settles FCPA charges; Says will pay a total of $6.35 million in profit disgorgement and prejudgment interest in two installments...
31 Jan 2011
AMB Property Corp has struck a deal to buy rival ProLogis for $5.7 billion in stock, combining the...
31 Jan 2011
Jackson Hewitt Tax Service Inc sued H&R Block Inc to stop a new advertising campaign that it said misleads customers about tax refund loans and disparages Jackson Hewitt's competence...
31 Jan 2011
German financial watchdog Bafin on Monday extended a disclosure requirement for short selling…
31 Jan 2011
Carrefour, the world's second-largest retailer, is considering listing stakes in its real estate and Dia discount businesses in a bid to boost its valuation, Le Figaro reported on Monday...
31 Jan 2011
GlaxoSmithKline settled a U.S. federal court case alleging its Avandia diabetes drug led to the death of a man from a heart attack, which had been due to go to trial in front of a jury on Monday...
31 Jan 2011
Hungary's government will respond to objections raised by the European Commission against its controversial new media law in a letter on Monday, state secretary Zoltan Kovacs said...
31 Jan 2011
Hyundai Wia priced its 520 billion won ($466 million) initial public offering at 65,000 won per share, above the indicative range, sources close to the deal said on Monday...
31 Jan 2011
French media-to-aerospace conglomerate Lagardere said on Monday it would sell its international magazines to U.S.-based Hearst Corp for 651 million euros ($887 million) in cash...
31 Jan 2011
Daito Trust Construction, a Japanese apartment building developer, said it would spend up to $2.6 billion to buy a stake held by its founder and retire those shares...
31 Jan 2011
Russia's Vimpelcom has been hit by legal action from its Norwegian shareholder Telenor as the fight over its $6 billion deal for telecoms groups Wind and Orascom looks destined for the courts...
31 Jan 2011
After many years of heated debate, China launched a long-awaited home ownership tax last week, levying it at first on a trial basis in the cities of Shanghai and Chongqing...
31 Jan 2011
Saudi billionaire Prince Alwaleed's investment firm has offered to buy Kuwaiti telecom company Zain's Saudi Arabian assets, paving the way for UAE group Etisalat to complete a takeover of Zain...
31 Jan 2011
Two groups led by Japanese trading houses will bid to develop Mongolia's Tavan Tolgoi coal mine, regarded as one of the world's biggest untapped reserves, eyeing demand from Japanese steelmakers keen to diversify their sources of coal...
31 Jan 2011
BP wants to enter "fast track arbitration" to settle a dispute with Russian shareholders in its TNK-BP joint venture over the British company's shares and exploration deal with Rosneft...
30 Jan 2011
Bookseller Borders Group will conserve cash by delaying its January payments to vendors and...
30 Jan 2011
Alpha Natural Resources said on Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co...
29 Jan 2011
Top bankers adopted a softer tone after high-level meetings at the World Economic Forum…
28 Jan 2011
Headphone maker Skullcandy filed with U.S. regulators to raise up to $125 million in an IPO…
28 Jan 2011
A group led by Samart Corp won a tender on Friday to install a third-generation wireless broadband network in Thailand for state-owned TOT Plc, bidding 16.3 billion baht ($529 million) for the contract...
28 Jan 2011
Mexican cement maker Cemex said on Friday it would propose issuing up to 6 billion new shares as part of a debt restructuring agreement, prompting a slide in its shares...
28 Jan 2011
Among the millions crowding China's railways stations and airports in the annual Lunar New Year trek home are many workers who won't be coming back to their jobs in the workshop of the world...
28 Jan 2011
Angiotech Pharmaceuticals Inc said it will file for bankruptcy protection under Canada's CCAA...
28 Jan 2011
LinkedIn Corp, whose professional networking site has 90 million users, plans to raise up to...
28 Jan 2011
Australia's floods disaster piled more pressure on government finances and the prime minister on Friday, after the hardest-hit state of Queensland cut its economic growth rate by…
27 Jan 2011
Australian floods have caused at least $5 billion in damage to the mining state of Queensland, more than halving its economic growth rate and removing about…
27 Jan 2011
U.S. securities regulators on Thursday called for improvements to help investors conduct background research on financial professionals such as brokers and investment advisers...
27 Jan 2011
A divided U.S. investigative panel released on Thursday a wide-ranging assessment of what caused the financial crisis that rocked global markets from 2007-2009...
27 Jan 2011
Lehman Brothers Holdings Inc has been sued by a reinsurer that wants control of $450 million it said it pledged to secure various obligations, and which should not be given to Lehman creditors...
27 Jan 2011
A Delaware judge is expected rule Feb. 8 on Airgas Inc's use of a poison pill to ward off a $5.9 billion hostile takeover offer from Air Products and Chemicals Inc...
27 Jan 2011
The European Union is watching the market for rare earth minerals closely and is determined to secure supplies from China and alternative sources, its top trade official said...
27 Jan 2011
Insurer American International Group Inc paid Goldman Sachs Group Inc $2.9 billion for the investment bank's own account, a report said, adding new fuel to old accusations that...
27 Jan 2011
The New York Stock Exchange will adjust the so-called circuit breakers that were adopted in response to the May "flash crash," an effort to trim the number of...
27 Jan 2011
Europe's drive to cut drug prices as well as U.S. healthcare reforms are likely to dampen global pharmaceutical companies' growth outlooks for 2011...
27 Jan 2011
Mauritius's first Islamic bank will be operational by the end of the first quarter of 2011, the central bank governor said...
27 Jan 2011
Sara Lee Corp has rejected a takeover offer valued between $18.70 and $20 a share from a private equity group led by Apollo Global Management LP...
27 Jan 2011
Veteran banker John Kanas gets to cash in big time on one of the most profitable...
27 Jan 2011
Television Broadcasts Ltd said media mogul Sir Run Run Shaw has sold his stake in Hong Kong's dominant broadcaster, giving control to an investor group including U.S. private equity firm...
27 Jan 2011
ICE Futures Europe has extended the suspension of its spot carbon emissions contracts to no sooner than the opening of business on Feb. 7, it said in a note...
27 Jan 2011
Investment banks escaped action to force down the fees they charge when Britain's Office of Fair Trading left it up to fund-raising companies and their shareholders to kickstart competition...
27 Jan 2011
Standard & Poor's cut Japan's credit rating for the first time since 2002, saying Tokyo lacked a plan to deal with its mounting debt, in a warning that will rattle other heavily indebted rich nations...
27 Jan 2011
The board of Italian fashion company Prada SpA gave the go-ahead on Thursday to its much-awaited initial public offering in Hong Kong, a source with first hand knowledge of the matter said...
27 Jan 2011
Soft drink and snacks maker PepsiCo Inc said it received Russian regulatory approvals required to acquire Russian juice and dairy company Wimm-Bill-Dann and...
27 Jan 2011
Russian group Vimpelcom will have to rethink its development strategy should its shareholders reject a $6 billion-plus purchase of Orascom Telecom...
27 Jan 2011
Zain Saudi Chief Executive Saad al-Barrak is eyeing a plan to buy the wider Zain group's 2.75 billion riyal ($733 million) stake in the mobile operator...
27 Jan 2011
Glencore, the world's biggest commodities trader, has enjoyed a surge in value and is now worth some $60 billion as it contemplates an initial public offering (IPO)...
27 Jan 2011
Vietnam's FPT Corp, a major company in the telecoms, software and technology sectors, and an affiliate are to acquire a 49 percent stake in a state-run telecoms company...
26 Jan 2011
Brazil's central bank said it could offer currency forwards in market auctions for the first time ever, adding to several moves in recent weeks to help curb a rally in the national currency...
26 Jan 2011
Sri Trang Agro-Industry Pcl, Thailand's largest publicly traded rubber maker, said it had not scrapped a plan to list on the Singapore stock exchange and was still in talks on the initial public offering (IPO) price...
26 Jan 2011
Summit Business Media Holding Co filed for bankruptcy protection after agreeing with most creditors on...
26 Jan 2011
Russian companies are seeking to raise a combined $1.86 billion from London stock market floats in coming weeks as pent up demand and a revival in Russian equities help swell the IPO pipeline...
26 Jan 2011
Icahn Enterprises L.P. extended its tender offer to buy Dynegy Inc, a day after the power producer...
26 Jan 2011
U.S. foods group Sara Lee Corp rejected a buyout offer by a group of private equity firms, the New York Post said, citing two sources close to the process...
26 Jan 2011
French entertainment and telecom group Vivendi said on Wednesday that it had completed the sale of its stake in NBC Universal to GE, bringing in the remaining proceeds of $3.8 billion...
26 Jan 2011
Clean Harbors Inc, a provider of environmental and related services, agreed to buy Canada's Badger Daylighting for about C$222 million ($222.7 million) in cash to...
26 Jan 2011
China's plan to change itself from a major manufacturer to a leading global source of innovation poses an enormous challenge for U.S. companies whose...
26 Jan 2011
Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for divvying up billions of dollars...
26 Jan 2011
Lack of funding for U.S. securities and futures market regulators is a "serious threat to financial reform," Democratic lawmaker Barney Frank said on Tuesday...
26 Jan 2011
Shares Stanley Ho's SJM Holdings Ltd dived on Wednesday on fears a family feud between the billionaire chairman and some of his 17 known children would affect succession plans at Macau's largest casino operator...
26 Jan 2011
Pramerica Real Estate Investors is targeting commercial property in the emerging markets of China and Brazil with two new ventures, seeking to capitalise on the positive economic growth generated by those countries...
25 Jan 2011
A lender need not show physical possession of a note on underlying debt in order to seek foreclosure of a mortgage that has been securitized, a New Jersey court ordered...
25 Jan 2011
Bank of America Corp's Countrywide mortgage unit has been sued by investors claiming they were victimized in a...
25 Jan 2011
Smaller Canadian Internet service providers, who operate via networks owned by bigger telecom firms such as BCE Inc, will soon have to pass along the bulk of their host's charges...
25 Jan 2011
Ambac Financial Group won a court ruling allowing it to overhaul its insurance unit, a decision that its bankrupt parent greeted as a "gigantic step" forward...
25 Jan 2011
In a big victory for banks, U.S. accounting rule-makers moved on Tuesday to reject a controversial plan that would have forced banks to value many of their loans based...
25 Jan 2011
Bank of America Corp's Merrill Lynch unit agreed to pay $10 million to settle a U.S. SEC case accusing it of...
25 Jan 2011
China's Huawei Technologies Co Ltd has filed a lawsuit to block Motorola from selling one of its…
25 Jan 2011
Shareholders of publicly listed companies will get to weigh in on executive compensation through advisory votes, under a new rule adopted by U.S. securities regulators...
25 Jan 2011
Kimberly-Clark Corp plans to get out of the business of making the pulp used in its paper products, closing several plants, as it copes with rising costs for oil, fiber and other commodities...
25 Jan 2011
A bipartisan panel investigating the financial crisis has referred cases of potential wrongdoing by financial industry officials to the Justice Department, a person familiar with the matter said...
25 Jan 2011
The U.S. Securities and Exchange Commission has started an inquiry into public statements by Illinois officials about the state's underfunded pension fund...
25 Jan 2011
Britain's financial services regulator might ban some products, warn investors away from others and set price caps in a radical overhaul of its policies as part of...
25 Jan 2011
New Bank of Italy bank capital rules exclude savings and preference shares from the calculation of core tier 1 capital ratios, according to the Italian central bank's website...
25 Jan 2011
Britain is to give News Corp a final chance to avoid a prolonged and costly investigation into its proposed $12 billion buyout of BSkyB, in a move that is likely to draw criticism from rivals...
25 Jan 2011
HSBC's new chief executive has dropped plans to relocate to Hong Kong, the Financial Times reported, in a surprise turnabout from his predecessor who had moved to the territory with much fanfare...
25 Jan 2011
National carrier PT Garuda Indonesia's hopes for a high-flying $1.1 billion IPO may fail to get off the ground because it has been priced so richly that foreign investors have been scared away...
25 Jan 2011
The government said it was thinking about referring News Corp's proposed $12 billion (7.5 billion pound) buyout of BSkyB for a prolonged investigation but said it would first consider proposed remedies...
25 Jan 2011
Macau casino magnate Stanley Ho on Tuesday accused his family of stealing shares in his business empire and leaving him with "almost nothing" after a share restructuring he said was done without his consent...
25 Jan 2011
The effective size of Europe's financial rescue fund should be increased and its banks need rigorous stress-testing to help restore market confidence, the IMF said in a report released on Tuesday...
25 Jan 2011
China's private equity fund Yun Feng Capital has raised about 10 billion yuan ($1.52 billion) through two funds to invest in Internet, consumer and new energy firms in China, its chairman David Yu said…
24 Jan 2011
McDonald's Corp plans to raise prices this year to help offset an expected rise in its grocery bill for the 10 commodities that account for around 75 percent of...
24 Jan 2011
The U.S. Securities and Exchange Commission's internal watchdog is probing the agency's leasing activities for possible waste of taxpayer dollars or other violations...
24 Jan 2011
RioCan Real Estate Investment Trust has entered a joint venture with U.S.-based Tanger Factory Outlet Centers...
24 Jan 2011
Swiss drugmaker Novartis AG is strengthening its personalised medicine and cancer portfolio with the...
24 Jan 2011
Small businesses and newly listed public companies will not be exempt from a new rule U.S. securities regulators are poised to adopt giving shareholders an advisory say-on-pay vote...
24 Jan 2011
The U.S. Treasury's toxic asset funds have gained 27 percent since they were created to help revive the mortgage-backed securities market, according to data expected to be released later...
24 Jan 2011
The U.S. Supreme Court ruled on Monday that a federal law barring retaliation against a worker for complaints about on-the-job discrimination also protected the...
24 Jan 2011
The Supreme Court ruled that JPMorgan Chase & Co under an old federal regulation did not have to provide written notice before raising credit card interest rates to...
24 Jan 2011
Intel Corp raised its dividend by 15 percent and authorized another $10 billion in its share buyback program after posting solid results earlier this month...
24 Jan 2011
Pareto Corp, a Canadian shopper marketing company, agreed to sell itself to private equity firm Riverside Co for about C$108 million ($108.7 million) in cash...
24 Jan 2011
The U.S. Treasury Department announced that will offer two groups of warrants to buy stock in Citigroup...
24 Jan 2011
Germany's ruling coalition has agreed new regulations for open-ended real estate funds, which have suffered from volatile investor behaviour, financial experts involved in talks told Reuters...
24 Jan 2011
U.S. Securities and Exchange Commission staffers recommended on Friday that the agency apply the same standard of care to brokers and investment advisers, but industry executives say...
24 Jan 2011
CME Group's Green Exchange LLC said on Monday it would launch a post-2012 contract for U.N.-backed carbon credits on February 27...
24 Jan 2011
U.S. hotel owner Innkeepers USA Trust, is looking for investors or buyers to take the company out of bankruptcy protection...
24 Jan 2011
Kazakhstan is delaying plans for a sovereign Islamic bond, but expects corporate sukuk to be issued as early as this summer, a top government official said...
24 Jan 2011
Rio Tinto's $3.9 billion bid (2.4 billion pounds) for Africa-focussed coal miner Riversdale gained steam...
24 Jan 2011
Call it the price of success. China is starting to pass on the rising cost of labor and other manufacturing inputs as it restructures its economy...
24 Jan 2011
Prime Minister Naoto Kan's key economic ministers, also speaking to the opening session of parliament, promised on their part to impose fiscal discipline, as the government presses ahead…
24 Jan 2011
Taiwan's Hon Hai Precision Industry Co. has filed a lawsuit in China against Taiwan-based component maker Suyin for allegedly infringing its patent rights, Hon Hai said on Monday in a filing…
23 Jan 2011
Packaging and paper company RockTenn Co has agreed to buy bigger rival Smurfit-Stone Container Corp...
23 Jan 2011
Plaintiffs in one of the biggest U.S. investor lawsuits stemming from the financial crisis got a boost from a judge, who said a case against fallen investment bank...
21 Jan 2011
Verizon Communications took the Federal Communications Commission to court over its new Internet traffic rules...
21 Jan 2011
U.S. vitamin retailer GNC Holdings Inc is favoring an initial public offering after China's Bright Food Group Co walked away from talks to buy the company...
21 Jan 2011
A group of for-profit schools on Friday filed a lawsuit against the federal government to stop implementation of...
21 Jan 2011
Big Four auditors have been hit with lawsuits stemming from their role in the credit crisis, though they have won dismissal or settled some key cases...
21 Jan 2011
Spain plans a partial state takeover of its weakest savings banks as it seeks to reassure investors a rescue will not weigh on its deficit, sources and reports said...
21 Jan 2011
Global sales of Islamic bonds are forecast to rise nearly 60 percent this year to more than $22 billion this year as economic recoveries and high crude oil prices revive the market...
21 Jan 2011
The Australian competition regulator said on Friday it has started on an informal review on Air New Zealand buying a 14.9 percent stake in Australian rival Virgin Blue...
21 Jan 2011
Chinese President Hu Jintao took his political roadshow to the U.S. heartland on Friday, visiting Chicago to highlight business and cultural ties between the world's two largest economies...
21 Jan 2011
U.S. securities regulators on Friday called for a new uniform fiduciary standard for broker-dealers and investment advisers that would require them to put retail customers ahead of...
20 Jan 2011
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0400 GMT on Friday...
20 Jan 2011
The U.S. Securities and Exchange Commission's three-option report on how to enhance the oversight of...
20 Jan 2011
China's Lenovo Group is in talks to take a controlling stake in the PC business of Japan's NEC Corp in a deal that would help it close the gap with larger global rivals, the Nikkei newspaper said...
20 Jan 2011
The U.S. futures regulator unveiled a plan on Thursday that would treat agricultural swaps just like other over-the-counter derivatives, a move that would open up the...
20 Jan 2011
U.S. securities regulators gave investors a closer look before they buy ABS with...
20 Jan 2011
Portugal Telecom will sign a contract on Thursday to seal its purchase of a stake in Brazilian phone carrier Oi...
20 Jan 2011
The Carlyle Group's back-to-back sell-downs worth $2.6 billion of China Pacific Insurance (Group) Co, has put the U.S. buyout fund on course for its best exit ever...
20 Jan 2011
News Corp has told Britain it might separate Sky News from BSkyB to avoid a lengthy review of its move to take full control of the satellite broadcaster...
20 Jan 2011
U.S. antitrust regulators are seeking more information on Caterpillar's proposed $7.6 billion acquisition of...
20 Jan 2011
Wendy's/Arby's Group plans to sell its struggling Arby's roast beef sandwich chain to focus on...
20 Jan 2011
U.S. online retailer Amazon.Com is to buy the 58 percent of DVD and games rental firm Lovefilm it does not already own for an undisclosed price, it said...
20 Jan 2011
The EU will reopen its 72 billion euros emissions trading scheme step by step, as each registry proves its security, a senior official said after the bloc froze spot trade due to...
20 Jan 2011
Spain's debt-laden government is finalising plans for a second round of recapitalisation for its troubled savings banks, officials said on Thursday, denying a report the sum involved would reach 30 billion euros ($40.4 billion)...
20 Jan 2011
Police will question former banker Rudolf Elmer on Thursday over possible fresh breaches of Swiss bank law for giving data to WikiLeaks this week, a day after he was found guilty of violating bank secrecy...
20 Jan 2011
European Union banking supervisors will thrash out binding rules to determine the balance between fixed salary and bonuses in a banker's pay packet, a senior regulator said on Thursday...
20 Jan 2011
A Munich court ruled on Thursday a squeeze-out of minority shareholders was appropriate in a nationalisation of German mortgage bank Hypo Real Estate...
20 Jan 2011
Sweden's financial watchdog said it has fined Swedbank and Handelsbanken for shortcomings in depositary banking services...
20 Jan 2011
Multinational firms trying to get a bigger piece of the Asia growth story face a rising risk of becoming embroiled in corruption scandals unless they enforce stricter compliance norms and new regulations...
20 Jan 2011
Spanish power utility Iberdrola agreed on Wednesday to pay 1.78 billion euros ($2.4 billion) for Brazilian energy distributor Elektro as it expands in Latin America's largest economy...
20 Jan 2011
Libya's LAP Green Networks agreed to buy a 51 percent stake in Niger's state telecommunications company Sonitel for 31 billion CFA francs ($63.65 million)...
20 Jan 2011
Djezzy, Orascom Telecom's disputed Algerian unit, still has a few days to pay $230 million in back taxes...
20 Jan 2011
The number of class action securities lawsuits filed in U.S. courts rose in the past six months and there was a big spike last year in litigation over merger disclosures...
19 Jan 2011
RBS Securities was removed from the underwriting group for Nielsen Holdings BV's planned $1.6 billion initial public offering after unauthorized communications...
19 Jan 2011
Templeton's Mark Mobius is considering a plan to set up a hedge fund, the emerging market guru said in an e-mail to Reuters, a move that would mark a major shift from traditional money managers into...
19 Jan 2011
A committee of Hewlett Packard directors will investigate former CEO Mark Hurd's departure from the company amid sexual harassment allegations last year, according to a recent court filing...
19 Jan 2011
Some option investors in Morgan Stanley appear to be cautious headed into the company's earnings report on Thursday after Goldman Sachs disappointed investors with its results...
19 Jan 2011
General Electric Co chief executive Jeffrey Immelt said on Wednesday he wants the United States and China to open their borders for truly free trade between the world's top two economies, rather than...
19 Jan 2011
A key defendant in the Galleon hedge fund insider trading case pleaded guilty to criminal charges on Wednesday, tearfully admitting that she wrongfully spread information on...
19 Jan 2011
Washington Mutual Inc shareholders appealed on Wednesday a bankruptcy court's ruling that approved the company's $10 billion settlement with JPMorgan Chase & Co and...
19 Jan 2011
An increasing number of U.S. companies in China say the enforcement of intellectual property rights has deteriorated in the last year and that the regulatory environment is the biggest hurdle to doing business there, a survey showed on Wednesday...
19 Jan 2011
MediaNews Group , which publishes The Denver Post and The Salt Lake Tribune, may be merged with newspaper companies including Freedom Communications Inc, the Wall Street Journal reported...
19 Jan 2011
Boston Scientific Corp , which is trying to reshape itself as it sells off some businesses and buys others...
19 Jan 2011
The International Monetary Fund (IMF) will launch the first of its mandatory health checks on big banks this week under a beefed-up inspection scheme to prevent another global crisis...
19 Jan 2011
Mergers and acquisitions activity in sub-Saharan Africa surged to a record $44 billion in 2010, double the value of a year earlier, Thomson Reuters data showed on Wednesday...
19 Jan 2011
Pope Benedict named a cardinal, three academics and a finance expert to the board of the Vatican's new internal watchdog to check that its bank and all other offices comply with international law...
19 Jan 2011
The mortgage servicing industry should fund a new commission to compensate homeowners who have been kicked out of their homes because of errors made by servicers...
19 Jan 2011
Agribusiness giant Cargill Inc plans to spin off its $24 billion majority stake in Mosaic Co, a move that could...
19 Jan 2011
Saudi banks have taken enough measures against bad loans and are poised for growth as lending in the world's top oil exporter will accelerate this year...
19 Jan 2011
The number of people claiming unemployment benefit fell unexpectedly last month, while the number of people out of work rose in the three months to November, official data showed on Wednesday...
19 Jan 2011
Land Securities, UK's largest listed landlord, will focus its efforts on developing new projects, which it expects to produce better returns than acquisitions as the commercial property market recovers...
19 Jan 2011
European Union and British competition authorities are working closely together on separate probes into possible cartel activities among some of the world's biggest truckmakers...
19 Jan 2011
The U.S. congressional panel investigating the financial crisis said on Wednesday it will release its final report on Jan. 27...
19 Jan 2011
Australia's top banks may need more than $15 billion of fresh equity in the next few years, in an effort to meet new global regulations aimed at ensuring a...
19 Jan 2011
South Korea's SK Telecom Co and Japan's KDDI Corp have submitted first-round bids for Indonesian cable TV and internet firm First Media which its parent Lippo Group is trying to sell for $400-$500 million...
19 Jan 2011
Algeria will take 3-6 months to decide on a valuation of Egyptian group Orascom Telecom's local unit Djezzy, which it wants to buy...
19 Jan 2011
Nearly two-thirds of U.S. doctors surveyed fear healthcare reform could worsen care for patients, by flooding their offices and hurting income...
19 Jan 2011
Singapore wealth fund Temasek Holdings said on Tuesday that it will pay fines after losing an appeal over a ruling by Indonesia's anti-trust agency (KPPU) that the state investor and nine affiliates were in breach of anti-monopoly laws...
19 Jan 2011
Three executives fired by Renault on suspicion of industrial espionage plan to take legal action against the French carmaker...
19 Jan 2011
Russian Vimpelcom's bid for Egyptian tycoon Naguib Sawiris' telecoms assets has reignited a feud between its two top shareholders -- Norway's Telenor and Russian billionaire Mikhail Fridman's Alfa Group...
18 Jan 2011
China Investment Corp., the country's sovereign wealth fund, plans to open a Toronto office, its second outside mainland China, a source with direct knowledge of the matter said on Wednesday...
18 Jan 2011
Executives from General Electric, Microsoft, Goldman Sachs, Coca-Cola, Boeing, Intel and Carlyle Group will be among U.S. business leaders at a meeting hosted by U.S. President Barack Obama with...
18 Jan 2011
AIG chose Bank of America Corp, Deutsche Bank AG, Goldman Sachs Group Inc and JPMorgan Chase & Co to manage the sale of the government's 92 percent stake in the insurer, two people familiar with the situation said on Tuesday...
18 Jan 2011
U.S. securities regulators laid out three possible ways to enhance oversight of investment advisers, saying they don't have the resources to conduct effective examinations...
18 Jan 2011
Banks may see their cost of capital rise and be pushed into relying on short-term credit under a measure approved by U.S. regulators as they implement legislation overhauling the U.S. financial system...
18 Jan 2011
The Obama administration called for a revamp of the way companies that service home loans are paid, saying the current system offers little incentive to rewrite mortgages for...
18 Jan 2011
A former Goldman Sachs investment officer is joining the U.S. Securities and Exchange Commission to run its investment management division, the agency said on Tuesday...
18 Jan 2011
U.S. regulators proposed using six different factors on Tuesday to help them gauge when a non-bank financial firm poses risks to the system and merits additional oversight...
18 Jan 2011
U.S. regulators expect to start choosing after the spring which financial firms are "systemically" important, a Treasury official said on Tuesday...
18 Jan 2011
Regulators may take into account a wide range of factors when drawing the line between market making, a vital role banks play in the financial system, and proprietary trading...
18 Jan 2011
The U.S. Federal Communications Commission voted on Tuesday to approve with conditions Comcast Corp's purchase of a majority stake in NBC Universal, a source familiar with the matter said...
18 Jan 2011
Alcoa and China Power Investment Corp signed an agreement on Tuesday to collaborate on a range of aluminum and clean energy projects representing $7.5 billion in...
18 Jan 2011
Asian hedge funds, starved for capital since the financial crisis in 2008, are beginning to make a tactical sojourn to markets abroad, directly chasing clients in the United States and Europe to gather the elusive assets...
18 Jan 2011
China Valves Technology Inc, which recently refuted comments by a brokerage that it may be delisted from Nasdaq on increased regulatory scrutiny over certain buyouts...
18 Jan 2011
U.S. regulators will propose criteria on Tuesday for deciding which market players other than banks, such as hedge funds, could threaten the financial system and...
18 Jan 2011
Brookfield Asset Management Inc. said it agreed to buy 113.3 million shares of mall operator GGP...
18 Jan 2011
U.S. chipmaker Intel will invest $2.7 billion over the next two years upgrading its plant in southern Israel to produce its next generation of chips...
18 Jan 2011
Goldman Sachs will exclude U.S. investors from the sale of shares in networking site Facebook, in a sign public scrutiny is becoming a rising worry for the world's top deal maker...
18 Jan 2011
German companies have started to prop up their defenses to avoid becoming easy prey for possible suitors in the wake of Spanish builder ACS's pursuit of Hochtief...
18 Jan 2011
A string of stake buys and takeover bids has shown how merger rules in the euro zone's two biggest economies can be used to gain control of a target quietly or on the cheap...
18 Jan 2011
Italy's market watchdog has asked market participants for opinions on executive pay packages as it moves to boost transparency before the next round of company shareholder meetings...
18 Jan 2011
NASDAQ Dubai sought to boost investor interest and liquidity in its market on Tuesday by obliging future listings to have a broader investor base and lowering the bar on the size of...
18 Jan 2011
Innkeepers USA Trust has reached a deal with its major creditors that will cut the bankrupt hotel chain's debt by over $400 million and clear the way for the company to...
18 Jan 2011
Britain's Financial Services Authority hit Barclays Plc with a record 7.7 million pounds ($12.3 million) fine for mis-selling two income-focused funds to more than 12,000 clients who...
18 Jan 2011
European Union finance ministers agreed on Tuesday to include targets on liquidity in new, tougher European bank stress tests, but bankers remain sceptical whether tests will placate nervous investors...
18 Jan 2011
Lawyers said a U.S. court decision to dismiss a case alleging AIG's sharia-compliant businesses promoted religious doctrine, will boost confidence in the industry and lift sales of...
18 Jan 2011
European finance ministers agreed on Tuesday to take their time over beefing up the euro zone's rescue fund and to publish new stress tests on the region's shaky banks in...
18 Jan 2011
Nimble Asian technology firms led by Samsung Electronics appear well placed to slow the runaway success of Apple, as news of its visionary CEO Steve Jobs taking medical leave battered Apple's shares...
18 Jan 2011
The new UK boss of Santander will be quizzed by MPs on Tuesday on lending commitments and industry competition, and potentially on the threat the Spanish bank's CEO may have to step down...
18 Jan 2011
Abu Dhabi's Masdar has delayed a planned $2.2 billion hydrogen power project and scrapped a solar module manufacturing facility in Abu Dhabi, a senior company official said...
18 Jan 2011
China faces growing challenges in managing its foreign exchange reserves -- the world's largest at $2.85 trillion, the country's foreign exchange regulator said in remarks published on Tuesday...
18 Jan 2011
U.S. President Barack Obama said on Tuesday he would order a government-wide review of regulations with the goal of eliminating those that hurt job creation and make the U.S. economy less competitive...
18 Jan 2011
Royal Bank of Scotland has agreed to sell care homes operator Priory Group to buyout firm Advent International for up to 925 million pounds, in a further step in the bank's disposal of non-core assets...
18 Jan 2011
Hutchison Whampoa Ltd plans to spin off a unit, in a move that could help it raise $6 billion and expand its port and infrastructure portfolio...
18 Jan 2011
Swiss Life has bought the life insurance business from rival Nationale Suisse for an undisclosed sum, a deal that further expands the offering of Switzerland's biggest dedicated life insurer...
18 Jan 2011
German airline Lufthansa wants Emirates airline to be denied landing slots at Berlin's new airport, saying the Dubai-based carrier had an unfair advantage...
18 Jan 2011
Dubai World, the Gulf emirate's flagship conglomerate that has restructured $25 billion in debt, expects recovery in its critical businesses such as ports and free trade zones...
18 Jan 2011
New risk retention standards could restrict the availability of credit and hurt the economy if not carefully written, according to a report released on Tuesday by a new council of U.S. regulators...
18 Jan 2011
The political upheaval in Tunisia has dealt a heavy blow to planned stock and bond listings in the country and also has the potential to send rising portfolio flows across North Africa and the Gulf into reverse...
17 Jan 2011
China's central bank has cut its 2011 lending target for banks by 10 percent from last year, the official Securities Journal reported on Tuesday, citing unidentified banking sources...
17 Jan 2011
Hutchison Whampoa plans to raise $6 billion by spinning off its ports business and listing it on the Singapore stock exchange...
17 Jan 2011
Video rental chain Blockbuster Inc has asked bondholders for an additional $200 million to $250 million to help with its exit from bankruptcy protection, the Wall Street Journal said on Monday, citing people familiar with the matter...
17 Jan 2011
Australia's government is reportedly considering a taxpayer levy to help pay for massive flood rebuilding, while preserving the budget's path back to surplus in 2012-13, as one major bank warned...
17 Jan 2011
U.S. Federal regulator could approve Comcast Corp's purchase of NBC Universal as early as Tuesday, a person familiar with matter said...
17 Jan 2011
The value of deals involving Southeast Asia looks set to top the boom of 2007 as the region's fast-growing economies attract investors and cash-rich companies snap up overseas targets to drive growth...
17 Jan 2011
Apple Inc Chief Executive Steve Jobs is taking medical leave for the third time since 2004, sending its shares tumbling more than 8 percent as the surprise revived concerns over the long-term future of...
17 Jan 2011
BP's share swap and arctic exploration deal with Rosneft show the London-based oil major is ready to take commercial risks rivals might shun even after its battering from the Gulf of Mexico oil spill...
17 Jan 2011
China's central bank has devised calibrated reserve ratios for different banks to tighten curbs on bank lending and tame quickening inflation, Chinese media said on Monday...
17 Jan 2011
Vimpelcom's board is expected to vote on a revised offer for Egyptian billionaire Naguib Sawiris's telecoms assets on Sunday, a deal that would create the world's fifth-biggest mobile operator by subscribers...
17 Jan 2011
Spain's Treasury, facing a volatile market as it looks for ways to keep its debt costs under control, cancelled a bond auction planned for Thursday and said it would issue a syndicated bond over 10 years...
17 Jan 2011
Shares in artificial knee and hip maker Smith & Nephew jumped 5 percent on Monday after a weekend report that Johnson & Johnson was considering a fresh takeover approach worth at least 800 pence a share...
17 Jan 2011
Tata Steel's stake in Riversdale is a strategic investment and the world's seventh largest steelmaker is focussed on development of the Benga power plant project in Mozambique, its finance head Koushik Chatterjee said...
17 Jan 2011
Jindal Power, a unit of Jindal Steel & Power Ltd, is likely to launch its 72-billion-rupee initial public offering by March or April, "if market conditions are okay," a source with direct knowledge of the matter said on Monday...
17 Jan 2011
Lockheed Martin Corp will take an unspecified equity stake in an Abu Dhabi-based military aircraft maintenance, repair and overhaul centre that is partly-owned by Abu Dhabi investment vehicle Mubadala...
17 Jan 2011
UAE telecoms firm Etisalat is still working to complete a deal to buy a stake in Zain for $12 billion despite missing a Jan. 15 due diligence deadline and the emergence of a potential rival bid...
15 Jan 2011
BP Plc and Russia's state-controlled Rosneft agreed to a share swap under which they plan to jointly explore for offshore oil and gas in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian oil companies...
14 Jan 2011
Two rival bidders for Baffinland Iron Mines have united in a C$590 million ($595 million) joint takeover offer for the iron ore explorer, ending a four-month fight to control its huge deposit in the Canadian Arctic...
14 Jan 2011
The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake and plans to sell its shares quickly...
14 Jan 2011
Kosmos Energy plans to raise up to $500 million in an initial public offering...
14 Jan 2011
Artificial knee and hip maker Smith & Nephew said on Friday it was not in talks on a merger or takeover, after a report it was weighing a deal with privately owned U.S. rival Biomet sent its shares higher...
14 Jan 2011
Privately owned U.S. orthopaedics group Biomet is set to begin informal talks with Smith & Nephew about a potential 15 billion pounds merger, the Daily Telegraph newspaper said on Friday, without citing sources...
14 Jan 2011
Indonesia aims to issue global sukuk in the second half of this year, a further delay to the planned Islamic bond offering, as it needs parliamentary approval to use 30 trillion rupiah...
14 Jan 2011
Loss-making Cypriot national carrier Cyprus Airways has sold its subsidiary Zenon NDC to Sabre Group for $5.5 million, the airline said on Friday...
14 Jan 2011
China's bank regulator has ordered banks to tighten supervision in underwriting bonds issued by various companies, several sources who have knowledge of the latest regulatory move said...
14 Jan 2011
Switzerland's SIX Exchange has fined UBS 100,000 Swiss francs ($103,000) over a delay in publishing information relating to expected losses, the latest in a series of...
13 Jan 2011
Japan will alter regulations to give foreign investors tax breaks on sharia bond dividends, the latest country to pursue Islamic finance to woo investors demanding sharia-compliant assets...
13 Jan 2011
Hyundai Wia Corp, an affiliate of Hyundai Motor Group, said it plans to raise up to 480 billion won ($431.6 million) in an initial public offering next month...
13 Jan 2011
Australia's largest airline Qantas has settled a U.S. class action lawsuit over an alleged freight cartel, agreeing to pay $26.5 million (£16.7 million)...
13 Jan 2011
The U.S. Securities and Exchange Commission is investigating whether banks and private-equity firms violated bribery laws in their dealings with sovereign-wealth funds...
13 Jan 2011
Starbucks Corp, the world's largest coffee chain, has signed a pact with India's Tata Coffee Ltd to explore the possibility of opening retail stores in India, the two companies said in a statement...
13 Jan 2011
Changan Automobile, a Chinese partner of Ford Motor, raised 3.5 billion yuan ($530 million) in a share offering after cutting the size of the deal by about 12 percent, the Chinese auto maker said on Friday...
13 Jan 2011
U.S. regulators are putting together a possible antitrust challenge to Google Inc's planned $700 million acquisition of airline ticketing software company ITA Software...
13 Jan 2011
A U.S. judge approved a $7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet in the worldwide search for money lost in Bernard Madoff's multibillion-dollar Ponzi scheme...
13 Jan 2011
Israel's Delek Group has proposed to Cyprus the creation of a liquefied natural gas (LNG) facility on the island to process reserves Israel has discovered offshore and Cyprus hopes to find nearby...
13 Jan 2011
Etisalat's chairman and the UAE's envoy to India met the Indian Telecoms Minister Kapil Sibal and discussed the company's investment in the Indian telecoms sector...
13 Jan 2011
Lehman Brothers Holdings Inc said it will take longer than expected to win approval of its bankruptcy reorganization plan as it tries to settle differences with creditors, who are owed well over $300 billion...
13 Jan 2011
Billionaire George Soros-backed agricultural company Adecoagro S.A. filed with U.S. regulators for...
13 Jan 2011
New York's biggest pension fund announced a $4.25 million settlement with Bank of America Corp and two former Merrill Lynch executives to resolve a securities fraud lawsuit...
13 Jan 2011
The U.S. futures regulator advanced its proposal to prevent big speculators from distorting commodity markets, despite a complaint from a commissioner that it was...
13 Jan 2011
Marathon Oil Corp said it will split off its refinery and pipeline operations into a stand-alone company...
13 Jan 2011
A health check of Europe's top banks this year will be "stringent" and learn from last year's stress tests that were criticised for being too lenient and failing to...
13 Jan 2011
U.S. regulators likely will force banks to defer some of their executives' compensation as part of a proposal to curb risky pay practices, Federal Deposit Insurance Corp Chairman Sheila Bair said...
13 Jan 2011
The U.S. Commodity Futures Trading Commission on Thursday unveiled its rule covering documentation of swaps as it works to take oversight of...
13 Jan 2011
U.S. retailer Target Corp on Thursday announced plans to enter the Canadian market, taking over leases for up to 220 Zellers stores owned by storied retailer Hudson's Bay Co...
13 Jan 2011
Japanese lenders like Mitsubishi UFJ Financial Group are aggressively pursuing project financing deals around the world, intensifying competition with traditional French rivals as well as local players in hot new markets like India...
13 Jan 2011
Private equity firms KKR and Permira have sold shares in German satellite broadcaster ProSiebenSat1 to raise about 193.6 million euros ($252.6 million), banks managing the sale said...
13 Jan 2011
Dutch regulator Steven Maijoor has been chosen to head the European Union's new securities authority, a powerful watchdog with the ability to impose binding financial rules on member states...
13 Jan 2011
BlackBerry-maker Research In Motion (RIM) said on Thursday it had given a solution to India ahead of a Jan. 31 target date for access to consumer services including BlackBerry Messenger...
13 Jan 2011
United Arab Emirates boasts the world's tallest building, a man-made island in the shape of a palm and is about to take its next ambitious step - linking cities by rail over the desert...
13 Jan 2011
Italian energy group Eni SpA is in no hurry to sell its 33.3 percent stake in Portugal's Galp, its chief executive said on Wednesday, following interest in the holding...
13 Jan 2011
Turkey's Cukurova Holding is in talks to buy 29.9 percent of Kuwaiti telecom Zain for $7.89 billion ... just days ahead of a deadline for Etisalat's $12 billion bid...
13 Jan 2011
Moroccan private wireless operator Medi Telecom (Meditel), 40 percent owned by France Telecom, said on Wednesday it plans to sell a seven-year bond to raise 1.2 billion dirhams ($140.7 million)...
13 Jan 2011
Gulf markets have grappled with debts, regulatory worries and stalled IPOs in the past two years, lagging emerging market peers, but investors see better times ahead in 2011...
13 Jan 2011
Syria has shed its image as a closed economy and is pushing to attract Gulf investment in the wake of the global financial crisis...
13 Jan 2011
Global bank regulators on Thursday laid out rules to make clear holders of hybrid bank debt will take losses if a lender becomes insolvent, so that taxpayers aren't left to foot the bill...
12 Jan 2011
The devastating floods in Queensland state that forced evacuation in Brisbane, Australia's third-largest city, are expected to be a near $1 billion event for insurers, though reinsurance is seen covering more than half of it...
12 Jan 2011
Australia's mining industry has borne the brunt of the economic impact from massive floods in Queensland state, but agriculture, construction, transport, tourism and retail have also been hit...
12 Jan 2011
South Korea's central bank on Thursday raised interest rates in a surprise move, and the government unveiled a broad set of measures to curb inflation, which has risen to the top of the policy agenda in many countries...
12 Jan 2011
News Corp is exploring strategic options for its MySpace Web site including a sale or a spinout, the company said on Wednesday, a day after the former social networking high-flyer slashed nearly half of its staff...
12 Jan 2011
Lundin Mining and Inmet Mining have agreed to join forces to create a C$9 billion ($9.1 billion) copper producer, forging the latest in a series of deals involving Canadian miners...
12 Jan 2011
The U.S. futures regulator said on Wednesday it would delay plans for a vote to finalize regulations aimed at limiting the voting power of banks in clearing and trading venues...
12 Jan 2011
Washington Banking Co said it redeemed all 26,380 preferred shares issued to the U.S. Treasury under the Troubled Asset Relief Program...
12 Jan 2011
Banks will meet in New York City on Thursday to make their case for the right to sell the U.S. Treasury's stake in American International Group...
12 Jan 2011
U.S. bank regulators will meet next week to consider a proposal for curbing pay practices deemed too risky and to hammer out final details on how creditors will be treated if...
12 Jan 2011
Engineering company Siemens has provided funding to fulfill a wind turbine equipment order at a Scottish factory which went bankrupt last week, administrator Ernst & Young said...
12 Jan 2011
Anglo-Australian funds house Henderson is buying rival Gartmore, to create one of Britain's largest fund managers, closing the book on Gartmore's troubled year as a public company...
12 Jan 2011
Campbell Soup Co said it would form a joint venture with Swire Pacific Ltd to expand the reach of its business in China...
12 Jan 2011
The Obama administration is exploring ways to boost tax incentives for corporate investment in the United States, Treasury Secretary Timothy Geithner said...
12 Jan 2011
Bank bonuses row flared into new life Wednesday as a report the boss of bailed-out bank Lloyds will take a 2 million pound bonus collided with a government pledge to curb payouts...
12 Jan 2011
U.S. manufacturer ITT Corp plans to split itself into three companies that it says will be better able to...
12 Jan 2011
Arezzo Industria e Comercio SA, Brazil's largest women's shoe retailer, said on Wednesday its planned initial public offering could fetch up to 565.8 million reais...
12 Jan 2011
Dutch mail company Sandd said on Wednesday it would buy Deutsche Post's unit Selektmail, subject to regulatory approval, consolidating the Dutch postal market, where TNT dominates...
12 Jan 2011
A one-off 50 billion euro tax on banks could help pay for a new stability scheme to protect euro zone countries in financial trouble, according to an internal report from...
12 Jan 2011
The outgoing boss of part-nationalised Lloyds Banking Group is set to get a 2 million pounds ($3.12 million) bonus for last year, a report said...
12 Jan 2011
Netherlands' InterXion Holding N.V. filed with U.S. regulators to raise up to $325 million in an IPO...
12 Jan 2011
American International Group Inc accepted a $2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex, marking the beginning of the end of a...
12 Jan 2011
Airport operator BAA expects to take a hit of around 24 million pounds from last month's big freeze, which closed many of its runways and dented passenger numbers in the week before Christmas...
12 Jan 2011
State-owned Bank of China Ltd has offered yuan trading to its U.S. customers, a sign that Beijing this year may increasingly promote the use of the Chinese currency in major financial centers...
12 Jan 2011
Two of the United Arab Emirates' largest property companies are seeking to raise cash from shareholders as they struggle to recover from a sharp slump in property prices that has made banks reluctant to lend...
11 Jan 2011
State-owned Bank of China Ltd has offered yuan trading to U.S. customers, a sign that Beijing this year may increasingly promote the use of the Chinese currency in major financial centers...
11 Jan 2011
Plastic container maker Constar International Inc filed for a pre-arranged bankruptcy on Tuesday, marking its second bankruptcy in a little over two years...
11 Jan 2011
China would welcome a "positive" statement from the United States about the security of its dollar-denominated assets, a senior Chinese diplomat said on Wednesday, ahead of President Hu Jintao's visit to the United States...
11 Jan 2011
Australia's devastating floods could remove 5 percent or more of steelmaking coal from world markets, a major bank estimated on Wednesday, as signs emerged that damage and disruption to coal infrastructure continued to spread with the floodwaters...
11 Jan 2011
Asia's private equity industry has quickly turned into a sellers' market, as firms cash out of investments made on the back of the region's robust economic growth...
11 Jan 2011
Shanghai has launched a pilot scheme allowing qualified foreign institutions to make private equity investment in China, marking an important step in the...
11 Jan 2011
Cliffs Natural Resources has agreed to buy Canada's Consolidated Thompson Iron Mines for C$4.07 billion ($4.1 billion), aiming to expand its capacity to feed Asia's appetite for iron ore...
11 Jan 2011
Royal Bank of Scotland Group PLC on Tuesday won the dismissal of much of a U.S. lawsuit by investors who suffered losses as the British bank wrote down...
11 Jan 2011
The U.S. central bank took steps to avoid potential conflicts of interests in its lending to banks during the financial crisis, Federal Reserve Chairman Ben Bernanke said...
11 Jan 2011
Regulatory reforms intended to impose tough fiduciary standards on U.S. brokers may emerge as a more flexible set of rules, said Tom Bradley, who runs the institutional...
11 Jan 2011
U.S. securities regulators are preparing to release two key studies this month that could lead to major changes in how investment advisers and brokers who offer advice to...
11 Jan 2011
Apparel retailer Anchor Blue has started going out of business sales at its 117 stores after it filed for bankruptcy on Tuesday for the second time in less than two years...
11 Jan 2011
Goldman Sachs Group Inc pledged to be more open about how it makes money and to put clients' interests ahead of its own, eager to rebut criticism that it acts more like...
11 Jan 2011
Turkish regulators have found no wrongdoing in a preliminary probe of alleged manipulation by Mark Mobius, emerging-markets fund manager at Franklin Templeton...
11 Jan 2011
Japan promised on Tuesday to buy euro zone bonds this month in a show of support for Europe's struggle with a seething debt crisis...
11 Jan 2011
Britain's financial watchdog fined Royal Bank of Scotland and its NatWest division 2.8 million pounds ($4.36 million) on Tuesday for poor handling of customer complaints...
11 Jan 2011
South Korea plans to tighten regulations associated with financial derivatives trades, the country's top financial regulator said on Tuesday...
11 Jan 2011
Simon Property has given up on its 2.9 billion pounds attempt to buy the largest British mall-owner Capital Shopping Centres, saying CSC did not provide the information it needed to proceed...
11 Jan 2011
Algeria has provisionally appointed law firm Shearman & Sterling LLP to advise it on the nationalisation of Orascom Telecom's local mobile phone unit...
11 Jan 2011
Lebanon accused Israel on Monday of breaking international law by allowing energy firms to explore for offshore gas in the absence of an agreement between the two countries on their maritime border...
11 Jan 2011
Emirates, the Arab world's largest carrier, is seeking terms for a $1 billion revolving credit facility to fund its aircraft purchases...
11 Jan 2011
Chinese oil giant PetroChina agreed to buy into two refineries in France and Scotland of British firm INEOS…
11 Jan 2011
Shares in Smith & Nephew fall 3.6 percent as the prospect of an imminent bid for the artificial hip and knee maker fades, after the stock hit a record on reports of interest from Johnson & Johnson...
10 Jan 2011
The Securities and Exchange Commission's internal watchdog is reviewing an allegation that Robert Khuzami, the agency's top enforcement official, gave preferential treatment to Citigroup Inc executives...
10 Jan 2011
China overshot its bank loan and money growth targets last year, but finished 2010 in battle mode against inflation, putting it on track for tighter financial conditions this year...
10 Jan 2011
China's Lion Fund Management, which last month launched the first gold fund in the world's biggest producer of the metal, has met its goal of raising $500 million for the fund, the company said in a statement...
10 Jan 2011
St. Joe Co, the largest private landholder in northern Florida, said the U.S. Securities and Exchange Commission launched an informal inquiry into its policies relating to...
10 Jan 2011
Duke Energy's planned $13.7 billion purchase of Progress Energy Inc is the biggest test yet of...
10 Jan 2011
France's Oberthur Technologies called on De La Rue to clarify the state of its relationship with a top customer after it was set a deadline of Feb. 7 to decide whether to bid for the banknote printer...
10 Jan 2011
A group of Silicon Valley executives plan to launch the first ever closed-end mutual fund to offer retail investors access to primary and secondary market trading of...
10 Jan 2011
The Federal Reserve reported on Monday its earnings jumped by more than 50 percent in 2010 to a record $80.9 billion on its massive holdings of securities, and it is turning the bulk of it over to the U.S. Treasury Department...
10 Jan 2011
The first lawsuit in Germany against Porsche claiming losses related to the sale of Volkswagen stock options in 2008, has been filed, a district court in Stuttgart said...
10 Jan 2011
Italy's Fiat lifted its stake in Chrysler to 25 percent on Monday as Chief Executive Sergio Marchionne prepares for an upcoming round of meetings with bankers to refinance Chrysler's debt and...
10 Jan 2011
The U.S. Securities and Exchange Commission brought civil insider trading charges against...
10 Jan 2011
Morgan Stanley said it would spin off its proprietary trading unit as an independent firm by the end of 2012...
10 Jan 2011
The deal, which values the world's biggest maker of generic crop protection chemicals at $2.4 billion, will see MA's parent Koor Industries retain 40 percent of the maker of fungicides, pesticides and herbicides…
10 Jan 2011
Chongqing has "in principle" won approval from the Ministry of Finance and may introduce the property tax as early as this quarter, the China Securities Journal cited the city's government as saying…
10 Jan 2011
Canada's HudBay Minerals Inc agreed to buy Norsemont Mining Inc to gain access to a major copper deposit in Peru, in a cash-and-stock deal valued at about C$397.5 million (about $400 million)...
10 Jan 2011
The European Union is toughening up its financial rules to apply lessons from the credit crunch...
10 Jan 2011
Del Monte Foods Co said it did not get any superior buyout offers during the "go-shop" period...
10 Jan 2011
Brazil's government gave the final go ahead on Monday for its sovereign wealth fund to buy U.S. dollars and operate in the derivatives market as it struggles to stem a rallying local currency...
10 Jan 2011
Playboy Enterprises Inc has agreed to be taken private by founder Hugh Hefner, after he raised his bid by...
10 Jan 2011
General Electric Co's Energy Financial Services has bought a 50 percent stake in a California wind farm that marks the first phase of a project that will eventually power 1.3 million California homes...
10 Jan 2011
Software firm iGate is buying a majority stake in Patni Computer Systems for $1.2 billion, helping it to take on bigger rivals in the country's export-driven IT services industry...
10 Jan 2011
An ex-Dresdner banker, his Asian wife and a Singaporean man have pleaded guilty to eight counts of insider dealing in Britain, allowing the UK regulator to claim its latest...
10 Jan 2011
Saudi Arabia's stock market committee is moving closer to allowing foreign investors direct market access, a document seen by Reuters showed...
10 Jan 2011
Investor worries over the impact of defaults in Islamic bonds is driving a push for a better structure for asset-backed instruments that should help alleviate concerns, bankers and lawyers said...
10 Jan 2011
Family-owned car parts maker Schaeffler owes government-backed Commerzbank about 500 million euros ($646 million) in accrued interest for 2010, a German newspaper reported on Monday...
10 Jan 2011
U.S. chemicals group DuPont said on Sunday it will buy Danish food ingredients and enzymes firm Danisco for $5.8 billion to boost its position in the fast-growing food sector...
10 Jan 2011
Virgin Atlantic may take legal action against airport operator BAA over the part closure of London's Heathrow airport last month and will withhold fees it pays to BAA until a probe into the disruption is complete...
10 Jan 2011
Portugal does not need to apply for EU aid, Spain's Economy Minister said on Monday, as pressure mounted on Lisbon to seek outside help in managing its finances and risk premiums on both countries' debt widened...
10 Jan 2011
European shares fell for a second straight session on Monday on caution ahead of the start of the earnings season and on lingering worries about the euro zone debt crisis, though merger and acquisition news limited losses...
10 Jan 2011
Medical equipment company Smith & Nephew rejected a 7 billion pound takeover approach from U.S. rival Johnson & Johnson late last year, Sky News said...
10 Jan 2011
The United States and UK have settled a jurisdictional dispute that will allow U.S. inspectors to examine whether the British auditors of Lehman Brothers Holdings improperly cleared questionable accounting...
10 Jan 2011
Credit Suisse is to subject more of its bankers to deferred compensation programmes and cut cash payouts, as calls for banks to show pay restraint grew among politicians...
10 Jan 2011
Goldman Sachs' last large proprietary trading team is planning to leave the bank in order to start an independent hedge fund...
10 Jan 2011
Bank of Ireland is holding talks with some Middle East sovereign wealth funds about their possible involvement in a capital raising...
9 Jan 2011
A coalition of seven major public pension systems, led by New York City Comptroller John Liu, has asked the boards of four of the largest U.S. banks to examine their mortgage and foreclosure practices...
9 Jan 2011
U.S. prosecutors have filed a civil suit against Kuwaiti logistics company Agility, accusing it of defrauding the government over food product contracts to the U.S. military in the Middle East worth $9.8 billion...
8 Jan 2011
A bankruptcy judge rejected Washington Mutual Inc's reorganization plan on Friday but said the company's $10 billion settlement with JPMorgan Chase & Co and...
7 Jan 2011
A lender group including hedge fund Paulson & Co took control of former CNL Hotels & Resorts Inc properties from Morgan Stanley's real estate funds through a $600 million debt restructuring...
7 Jan 2011
U.S. regulators are considering a three-tier, "red flag" approach to determine if banks are complying with a ban on proprietary trading included in the new financial reform law...
7 Jan 2011
China's Brightoil Petroleum (Holdings) Ltd said on Friday that it has signed a $4 billion strategic cooperation agreement with China Development Bank as the marine bunker supplier pushes ahead with its rapid expansion drive...
7 Jan 2011
Xinmao's attempt to grab a slice of the fiber optic cable market by buying an overseas company had been seen as a test of the ability of Chinese companies to complete such acquisitions…
7 Jan 2011
Carlyle Group is offloading a further $1.8 billion stake in China Pacific Insurance (Group) Co Ltd in what is on track to be the largest exit ever of a private investment in Asia...
7 Jan 2011
Perry Ellis International Inc said it agreed to acquire privately held Rafaella Apparel Group for about $70 million to strengthen its presence in the women's apparel market...
7 Jan 2011
The U.S. securities regulator is examining whether the state of California violated securities laws by failing to disclose the risks attached to its public pension fund...
7 Jan 2011
Luxury Parisian hotels are entering 2011 knowing they need a combative spirit and ambitious initiatives to protect their turf from the arrival of powerful Asian chains such as Shangri-La, Mandarin Oriental and Peninsula...
7 Jan 2011
The cable group formed by the planned merger of Prysmian and Draka will be listed in both Milan and Amsterdam, Prysmian CEO Valerio Battista said in an interview published on Friday...
7 Jan 2011
Chinese securities regulators on Friday approved the joint ventures of JPMorgan Chase & Co and Morgan Stanley, bringing the banks a step closer toward operating securities businesses in...
7 Jan 2011
New euro zone member Estonia saw it prices rise 5.7 percent year-on-year and 0.5 percent month- on-month in December, to give an average annual increase in prices for 2010 of 3.0 percent...
7 Jan 2011
American International Group Inc has agreed in principle to pay $450 million to settle a lawsuit with rival insurance companies over alleged under-reporting of premiums on...
6 Jan 2011
A U.S. federal judge on Thursday postponed Allen Stanford's criminal trial because the accused swindler needs to be weaned off an anti-anxiety drug prescribed for him in...
6 Jan 2011
nternet telephone service Skype said it acquired mobile video company Qik for an undisclosed amount...
6 Jan 2011
The four main creditors in German cable provider Primacom have agreed to cancel 250 million euros ($328.6 million) worth of loans in return for equity...
6 Jan 2011
A New York State appeals court revived a lawsuit seeking to force Bank of America Corp's Merrill Lynch unit to pay out on a 1.5 billion Japanese yen ($18 million) credit default swap...
6 Jan 2011
Commissioners at the helm of the U.S. futures regulator will again consider a proposed rule to limit speculation in energy, metals and agricultural markets at its...
6 Jan 2011
Seattle Genetics said it would receive $208 million from Pfizer Inc for giving the world's biggest drugmaker the rights to utilize its antibody technology to treat a single cancer target...
6 Jan 2011
Intel has offered concessions in a bid to win European Union antitrust clearance for its $7.7 billion purchase of security software maker McAfee Inc...
6 Jan 2011
Banks in Britain will have to give their supervisor at least a month's notice if they want to raise fresh capital for inclusion in mandatory buffers, the country's financial watchdog said...
6 Jan 2011
The European Union's executive proposed a blueprint on Thursday that could force those who lend to banks to bear big losses should they fail, opening a new line of attack on...
6 Jan 2011
Top global airlines are staying away from further hedging jet fuel purchases that account for around a third of their costs, betting that a recent surge in oil prices to two-year highs will slow...
6 Jan 2011
General Motors has invested $5 million in wireless charging start-up Powermat and will add its technology for small consumer electronics to its vehicles such as the Chevy Volt in 2012...
6 Jan 2011
LinkedIn, the social networking site for professionals, plans to go public in 2011 and has selected its financial underwriters...
6 Jan 2011
Goldman Sachs will sell its $446 million stake in Accordia Golf, exiting from its investment in the Japanese golf course operator that it took public in 2006...
6 Jan 2011
An Argentine real estate investment firm has raised its stake in Manhattan's Lipstick Building, known for its unusual shape and which in the recent past housed the offices of...
5 Jan 2011
Separately, the finance ministry pledged to make an effort "on all fronts" to curb price pressures, at a time when surging oil and commodities prices are fanning inflation expectations around the region...
5 Jan 2011
Northern Australia's flood-stricken coal industry braced for prolonged shut-downs on Thursday when a major miner said it could take weeks to drain its pits and resume digging...
5 Jan 2011
China will not set a clear lending target for banks this year, instead guiding the flow of credit based on observations about the broader economy, an official newspaper said on Thursday...
5 Jan 2011
As No. 1 global solar market Germany ratchets down subsidies for solar power this year, investors looking for the next hot market for the renewable energy source should be eyeing India, according to a report by Lux Research...
5 Jan 2011
Barclays Plc won the dismissal of a lawsuit brought by U.S. investors seeking to recover losses from the British bank's alleged failure to disclose and properly account for...
5 Jan 2011
Delta Air Lines Inc has agreed to waive most of its claims against Mesa Air Group Inc to resolve litigation with the regional carrier, which is reorganizing in bankruptcy court...
5 Jan 2011
Spanish energy group Iberdrola has agreed to buy all the assets of Ashmore Energy International (AEI), including the Brazilian distributor Elektro, in a deal worth $8 billion...
5 Jan 2011
A federal judge has ordered the Interior Department to put on hold a request for a bid to upgrade its email system that Google Inc said favored Microsoft Inc...
5 Jan 2011
U.S. law firm Skadden, Arps, Slate, Meagher & Flom has hung onto the top legal adviser spot for the second year, while compatriot Sullivan & Cromwell leapfrogged British arch-rival Freshfields into second place...
5 Jan 2011
Qualcomm Inc plans to buy Atheros Communications Inc for roughly $3.2 billion in cash, showing its determination...
5 Jan 2011
Toymaker Mattel Inc agreed to license its brands, including Barbie, Hot Wheels, and Fisher-Price, to THQ Inc for use in its video games for a variety gaming platforms...
5 Jan 2011
All bondholders should be forced to take losses in an ailing bank under draft European Union proposals which aim to avoid taxpayers again having to fund bailouts in a future crisis...
5 Jan 2011
French carmaker Renault suspended three executives for suspected industrial espionage after an investigation lasting several months...
5 Jan 2011
UAE builder Arabtec's chief executive said on Wednesday the trading ban imposed on him by the country's regulator was due to his oversight in selling shares prior to the...
5 Jan 2011
The efforts by Facebook to raise as much as $1.5 billion outside of regulated markets is the latest test of the walls between private and public markets...
5 Jan 2011
Rising protectionism could kill off some multi-billion-dollar international takeovers this year, bankers say, noting that governments are increasingly keen to protect their national icons...
5 Jan 2011
The U.S. securities regulator is scrutinizing whether it needs to update the disclosure rules for privately-held firms as a result of recent deals allowing investors to buy shares in...
5 Jan 2011
China's central bank is planning to begin this year a monthly review of banks' required reserves as part of wider monetary policy reform...
4 Jan 2011
Thomas H. Lee Partners LP plans to buy food marketer Acosta Inc from private-equity firm AEA Investors LP for more than $2 billion, Bloomberg reported on Tuesday...
4 Jan 2011
China will continue to buy Spanish bonds to support Spain in combating the euro zone's sovereign debt crisis, China's Vice Premier Li Keqiang said in comments published by the ministry of foreign affairs...
4 Jan 2011
Risks in bank loans made to local government financing vehicles are under control, a China Banking Regulatory Commission (CBRC) spokesman said in comments published on Wednesday...
4 Jan 2011
Book publishers reeling from low sales and lower prices of electronic books will suffer more if the United States' second-largest chain of bookstores goes out of business...
4 Jan 2011
New York Governor Andrew Cuomo plans to improve regulation of Wall Street with a smaller state government that would merge the Banking and Insurance departments, Cuomo told a radio station on Tuesday...
4 Jan 2011
Goldman Sachs is not giving its multimillionaire clients a lot of time or information to think about investing in a $1.5 billion Facebook private offering...
4 Jan 2011
A Manhattan federal judge rejected UBS AG's bid to block claims by a group of West Virginia hospitals stemming from $329 million of auction-rate debt they issued from...
4 Jan 2011
U.S. banking regulators have authorized lawsuits against 109 bank officials so far as they seek to recover at least $2.5 billion in losses connected to recent bank failures...
4 Jan 2011
Seven automobile insurance firms have followed Allstate Insurance Co in suing Toyota Motor Corp to recover money they paid in claims for car crashes blamed on...
4 Jan 2011
General Electric secured European Union regulatory approval on Tuesday for its $3 billion acquisition of oil equipment maker Dresser Inc, a move to boost its energy business...
4 Jan 2011
New York Governor Andrew Cuomo plans to improve regulation of Wall Street with a smaller state government that would merge the Banking and Insurance departments...
4 Jan 2011
Wilmington Trust said it took back part of Chief Executive Donald Foley's compensation late last month to...
4 Jan 2011
Three men accused of being part of an insider trading conspiracy to leak technology company secrets to hedge funds were allowed to remain free on bail on Tuesday...
4 Jan 2011
The U.S. Treasury Department is planning to sell up to $2.5 billion of Ally Financial Inc trust-preferred securities as soon as this month, Bloomberg reported on Tuesday...
4 Jan 2011
Britain's Office of Fair Trading is to probe Ryanair's stake in Irish rival Aer Lingus on competition grounds...
4 Jan 2011
Chinese provinces, from northeastern Heilongjiang to southwestern Yunnan, have set ambitious growth targets for this year and into the future, challenging the central government's goal of reshaping the economy along more sustainable lines...
4 Jan 2011
Tesoro Logistics LP filed with U.S. regulators on Tuesday to raise up to $230 million in an IPO...
4 Jan 2011
BMO Capital Markets vaulted to the lead spot in Canadian equity sales last year, with independent dealer GMP Capital close behind, in a year where energy and mining companies...
4 Jan 2011
Brazilian group Petrobras offered to buy Italian company Eni; mining cash shell Vallar is scouring the market for coal assets in North America or Australia worth up to $1 billion...
4 Jan 2011
The new U.S. Consumer Financial Protection Bureau and state regulators have agreed to coordinate their oversight of banks and other lenders in a move officials say will ease the...
4 Jan 2011
Swiss regulators are tightening the rules on insurance wrappers, an instrument increasingly popular with wealthy clients since Switzerland gave in to global pressure and...
4 Jan 2011
German lingerie group Schiesser has emerged from insolvency proceedings as it prepares to float on the Frankfurt Stock Exchange in the second quarter of 2011...
4 Jan 2011
The five largest mortgage loan servicers, including Bank of America Corp and JPMorgan Chase & Co, may be the first to settle with 50 state attorneys general who are investigating foreclosure practices...
4 Jan 2011
Shareholders in Hyundai Engineering & Construction plan to sign a deal by next week to sell South Korea's top builder to Hyundai Motor Group after a court cleared the way on Tuesday...
4 Jan 2011
India's finance ministry is looking into whether Kraft Foods will have to pay taxes to Indian authorities in its $19 billion takeover of Cadbury last year, in response to a public interest petition...
4 Jan 2011
Indonesia's central bank is aiming to simplify the approval process for Islamic banking products to accelerate the development of the country's Islamic finance industry...
4 Jan 2011
A Seoul court on Tuesday rejected Hyundai Group's request to ban shareholders of Hyundai Engineering & Construction from cancelling their preliminary stake sale deal, a court official said...
4 Jan 2011
South Africa President Jacob Zuma faces new challenges to his leadership from local elections in 2011 and familiar tests from governing partners pressing him to clean up what they see as growing cronyism...
4 Jan 2011
Skype's partner in China, TOM Group, said the web-based calling service is complying with Chinese law, even as a crackdown on illegal Internet telephone providers could complicate Skype's operations in the country...
4 Jan 2011
India's ministry of finance is investigating whether Kraft Foods evaded taxes in its $19 billion takeover of Cadbury last year, the New York Times Dealbook reported on Monday...
4 Jan 2011
American International Group's protracted sale of its Taiwan unit took another twist on Tuesday when a local firm proposed jointly running the unit with the bailed-out insurer instead of a sale that AIG has been pushing for...
4 Jan 2011
China's top economic planning agency announced new rules on Tuesday against price rigging by monopolies that could hinder fair competition...
3 Jan 2011
SecondMarket Inc, which offers an online platform to match buyers and sellers in privately held companies, received a request for information from the SEC...
3 Jan 2011
India's ministry of finance is investigating whether Kraft Foods evaded taxes in its $19 billion takeover of Cadbury last year, the New York Times Dealbook reported on Monday...
3 Jan 2011
South Korea will develop rare earths in Vietnam, Australia, Kyrgyzstan and South Africa this year, while cooperating with Japan for overseas development of the minerals, the government said in a statement on Tuesday...
3 Jan 2011
Facebook has raised $500 million from Goldman Sachs and Russian investment firm Digital Sky Technologies, in a deal that values the world's No.1 Internet social networking company at $50 billion...
3 Jan 2011
Sinovel Wind Group Co, China's largest wind turbine producer, plans to raise up to 9.46 billion yuan ($1.4 billion) through an initial public offering in Shanghai, after setting a higher-than-expected IPO...
3 Jan 2011
South Korea's National Pension Service will create a private equity fund with local conglomerates including KT Corp and SK Group to invest in overseas resources and green industry, a South Korean newspaper said on Tuesday...
3 Jan 2011
French media group Lagardere said on Friday it had entered into exclusive negotiations with privately held Hearst Corp to sell its international magazines and press business for cash...
3 Jan 2011
Billionaire investor Warren Buffett's Berkshire Hathaway opened 2011 with a $1.5 billion debt sale...
3 Jan 2011
The U.S. futures regulator needs to consider a "Plan B" on how it will police the $600 trillion swaps market if Congress fails to deliver a 50 percent increase in its budget...
3 Jan 2011
Bank of America Corp's $3 billion settlement with Fannie Mae and Freddie Mac may...
3 Jan 2011
Bank of America Corp agreed to pay Fannie Mae and Freddie Mac $2.8 billion to settle claims that it sold the mortgage finance companies bad home loans, signaling that the bank may be closer to...
3 Jan 2011
Goldman Sachs was the top global mergers and acquisitions advisor last year, retaking the position from rival Morgan Stanley, which derailed its multiyear grip on the ranking in 2009...
3 Jan 2011
Noble Corp said on Monday that Marathon Oil Co has canceled a four-year,$752 million contract for a deepwater rig in the Gulf of Mexico due to a lack of new drilling permits following the BP Plc oil spill...
3 Jan 2011
Republicans in the new U.S. Congress could put the budget squeeze on two powerful regulatory agencies to slow President Barack Obama's crackdown on Wall Street...
3 Jan 2011
Sprint Nextel let a Jan. 2 deadline pass without exercising its right to buy $760 million of Clearwire Corp convertible debt, ruling out that source of funding for Clearwire...
3 Jan 2011
Diversified manufacturer Dover Corp has agreed to pay $402.5 million for Harbison-Fischer Inc, a maker of specialty pumps used in oil and gas production...
3 Jan 2011
German prosecutors have dropped an investigation against Deutsche Telekom Chief Executive Rene Obermann over a suspected bribery case in its eastern Europe operations due to...
3 Jan 2011
Rogers Corp, a maker of specialty materials for the portable communications industry, said it will acquire electronic substrate products maker Curamik Electronics GmBH for...
3 Jan 2011
Danish brewer Carlsberg said on Monday it had sold its Feldschlosschen brewery in Dresden to Frankfurter Brauhaus, as it slims its product line in northern Germany...
3 Jan 2011
Brazil will impose a reserve requirement on banks' short positions on U.S. dollars in a bid to curb speculative trade that has been pushing the local currency higher in recent months...
3 Jan 2011
A technical error involving Italy's blue-chip index on the first day of trading in 2011 led to the cancelation of FTSE MIB-based derivative contracts, the Italian stock market said...
3 Jan 2011
Chinese officials have faith in Spain's financial system and will continue to take part in government debt auctions, China's Vice Premier Li Keqiang wrote in an editorial in El Pais on Monday...
3 Jan 2011
Shares in German automaker Porsche SE soared on Monday after a U.S. judge dismissed a hedge fund lawsuit seeking more than $2 billion in damages, removing a key obstacle to a merger with Volkswagen...
3 Jan 2011
Dollar Financial Corp said its unit agreed to buy Purpose U.K. Holdings Ltd, which provides online payday loans under the brand PaydayUK, for about $195 million, expanding the payday lender's foreign footprint...
3 Jan 2011
China's recently launched anti-dumping investigation into U.S. distillers' dried grains exports could be disruptive to trade, a U.S. industry trade group said on Thursday…
2 Jan 2011
Saudi Arabia's financial regulator has slapped a $13,000 fine on major lender Banque Saudi Fransi for violating stock market disclosure rules, the watchdog said...