NEWS
October 2010
31 Oct 2010
China's rare earth export quotas for 2011 will not be cut "significantly" from recent levels, but the government will continue enforcing such quotas...
31 Oct 2010
Yuan-denominated bond issuances this year total 17.8 billion yuan ($2.67 billion) so far this year, the chief executive of the Hong Kong Monetary Authority (HKMA) said on Monday...
31 Oct 2010
If an astute investor asked a Canadian forest industry executive just five years ago about lumber sales to China, the answer would probably have been: "China? China doesn't buy our lumber"...
29 Oct 2010
U.S. Treasury Secretary Timothy Geithner agreed with European Union financial markets chief Michel Barnier on a December 2011 date to implement new Basel trading book rules...
29 Oct 2010
The European Commission will present proposals for dealing with the future of credit rating agencies to the public next week, a top EU regulator told Reuters on Friday...
29 Oct 2010
U.S. securities regulators are grappling with how to transition companies to international accounting rules and will not make the decision to do so before 2011, the SEC...
29 Oct 2010
Executives from two of France's biggest banks berated European Union proposals to clamp down on bonuses, saying the plans could cause Europe's banks to lose top staff to...
29 Oct 2010
The U.S. Treasury Department is seeking comment on whether exempting foreign exchange swaps and forwards from new derivatives rules being developed by the...
29 Oct 2010
Brookfield Asset Management Inc, a Canadian property, power and infrastructure investor, will raise C$200 million ($195.9 million) by selling 8 million preferred shares at...
29 Oct 2010
China on Friday unveiled rules governing credit derivatives akin to credit default swaps (CDS), laying the groundwork for a trial of such tools and preparing its...
29 Oct 2010
Russia aims to lift restrictions on Russian companies' initial public offerings on international bourses once a long-awaited law on insider trading comes into force...
29 Oct 2010
AIA Group Ltd surged 17 percent in its Hong Kong debut as investors, chasing exposure to Asia's fast-growing life insurance business, piled into the record offering in the world's hottest IPO market...
28 Oct 2010
Malaysian Islamic banks are developing a local currency sukuk index to serve as a benchmark for sharia-compliant fixed income securities, an industry group said...
28 Oct 2010
Some insurance companies in the European Union could be forced to unload their substantial equity holdings unless proposed capital rules are changed...
28 Oct 2010
Sanofi-Aventis expanded its consumer health business in China with a...
28 Oct 2010
Russia, the world's top oil producer, will need over 8.6 trillion roubles ($280 billion) to keep its annual oil output at around 500 million tonnes until 2020, Prime Minister Vladimir Putin said on Thursday...
28 Oct 2010
Federal prosecutors asked a judge to close parts of the criminal trial of a former Societe Generale trader to protect bank secrets...
28 Oct 2010
Carlyle Group will buy telecommunications services company Syniverse...
28 Oct 2010
The 'flash crash' advisory group will meet Nov. 5 to discuss the government's review of last spring's brief market plunge and potential recommendations...
28 Oct 2010
Stryker Corp agreed to buy Boston Scientific Corp's neurovascular business for...
28 Oct 2010
SNC-Lavalin said on Thursday that it would drop plans to pursue an additional stake in the 407 toll road and to take its highway concession division public, due to adverse market conditions...
28 Oct 2010
Chinese banks must strictly control their exposure to the property sector, particularly to big developers, the industry's top watchdog said...
28 Oct 2010
Oracle Corp bought 10.2 percent of Mellanox as it seeks to strengthen its presence in the hardware side of data centres, where the Israeli firm is a player...
28 Oct 2010
Wal-Mart, the world's biggest retailer, may scale back its $4 billion bid for Massmart by nearly half, a move that could keep the South African firm listed in Johannesburg...
28 Oct 2010
The European Union has imposed a 22.3 percent import duty on Chinese aluminium car wheels, which it says are being dumped on the EU market at illegally low prices, it said on Thursday...
28 Oct 2010
The offshore market for China's yuan in Hong Kong has grown rapidly in the past three months since its birth, reflecting heavy demand abroad for the currency for trade and investment...
27 Oct 2010
China's trade surplus in 2010 is expected to reach $180 billion, smaller than the $196 billion in 2009, China Trade Minister Chen Deming said in remarks published on Thursday...
27 Oct 2010
The U.S futures regulator risks harming commodity markets with overly restrictive speculative trading limits, CME Group Inc and Morgan Stanley each told the CFTC...
27 Oct 2010
Investment bank Credit Suisse is raising $800 million for a fund that will help European banks reduce the amount of capital they need to hold to withstand market shocks...
27 Oct 2010
JPMorgan Chase & Co and HSBC Holdings Plc were hit with two lawsuits...
27 Oct 2010
Billionaire Carl Icahn on Wednesday persisted in his crusade to block a pending deal between Metro-Goldwyn-Mayer Inc and Spyglass Entertainment saying he had raised his stake in the...
27 Oct 2010
Bahrain's Elaf Bank has applied for a Malaysian Islamic banking licence after securing six financing deals worth about $1.4 billion in the country and Indonesia...
27 Oct 2010
LVMH said on Wednesday it planned to buy more Hermes shares and disclosed to French regulators that it built up its 17.1 percent stake in Hermes partly through derivatives...
27 Oct 2010
Private equity firm Caryle Group clinched a $2.9 billion deal...
27 Oct 2010
Great Wall Motor Co Ltd, China's largest sport utility vehicle maker, said on Wednesday that it will invest 5 billion yuan ($750.5 million) in research and development over the next five years...
27 Oct 2010
Listed banks in China will be allowed to trade bonds on exchanges, the country's securities regulator said on Wednesday, ending a 13-year ban...
27 Oct 2010
Mid-sized software services firm Patni Computer Systems is looking to buy a company in Europe or Asia Pacific for $50 million to $200 million, a top official said on Wednesday...
27 Oct 2010
U.S. energy major ExxonMobil has reopened its office in Turkmenistan and said it was keen to develop its giant natural gas resources...
27 Oct 2010
State-owned Dubai World has secured support from all its creditors for a $25 billion debt restructuring plan...
27 Oct 2010
Abu Dhabi Islamic Bank plans to issue a five-year benchmark dollar Islamic bond which will price by this week...
27 Oct 2010
Swiss insurer Zurich Financial Services AG said it would purchase shares in New China Life Insurance Co (NCI) worth around $420 million as it seeks to benefit from China's fast-growing insurance sector...
27 Oct 2010
The FTSE 100 is seen falling 23-30 points on Wednesday, as doubts about the extent and timing of expected money printing by the U.S. Federal Reserve lifted the dollar and crimped investors' appetite for equities...
27 Oct 2010
Brazilian state-controlled oil major Petrobras is considering reviving a plan to upgrade its Nansei Sekiyu refinery in Japan to step up product exports to China, a company official said...
27 Oct 2010
Israel's Finance Ministry sold on Tuesday the government's remaining 11.69 percent stake in Israel Discount Bank for 832 million shekels ($229 million) to Citi, completing the bank's privatisation...
27 Oct 2010
Kuwait's bourse has vetoed a bid by Securities Group Co. for about 5 percent in telecom group Zain...
27 Oct 2010
The Algerian government said it was not planning to sell a stake in state-owned Algerie Telecom, pouring cold water on comments by a company executive that it was preparing the ground for a sale to a foreign operator...
27 Oct 2010
Iranian Foreign Minister Manouchehr Mottaki warned European countries on Tuesday that Iran might retaliate in kind for their denial of fuel to Iranian aircraft because of U.S. sanctions...
26 Oct 2010
Switzerland's biggest bank UBS is lobbying Swiss regulators to scrap a $1 million cap on cash bonuses paid to senior bankers, the Financial Times said on Wednesday...
26 Oct 2010
U.S. companies are hoarding almost $1 trillion in cash but are unlikely to spend on expanding their business and hiring new employees due to continuing uncertainty about the...
26 Oct 2010
Beijing Capital International Airport Co. Ltd. said it has agreed to sell 5 billion yuan ($751 million) worth of new shares to its parent company to repay debt...
26 Oct 2010
The Federal Reserve has decided not to join major banks in asking the U.S. Supreme Court to let the central bank keep secret the details of its...
26 Oct 2010
The first global crackdown on the $615 trillion derivatives market gained momentum on Tuesday as U.S. regulators unveiled a new tool to police fraud and European officials urged tighter controls...
26 Oct 2010
The Bank of Canada repeated on Tuesday it would have to carefully consider any further rate hikes, given the uneven global recovery, a weak U.S. outlook and expected curbs on Canadian growth...
26 Oct 2010
Three U.S. publicly traded REITs reported results on Monday that underscored the advantage they have over their private counterparts in raising money in capital markets to...
26 Oct 2010
The U.S. consumer watchdog will not inundate banks and other financial players with a host of new rules as soon as it is up and running in July, government and industry officials said...
26 Oct 2010
Chrysler, the once-bankrupt U.S. automaker that received billions in government aid last year, will soon get new federal loans to help retool factories to make more fuel efficient vehicles...
26 Oct 2010
The Internal Revenue Service is reviewing several taxable Build America Bonds issued in 2009 and 2010 to make sure they complied with tax law, according to a notice on...
26 Oct 2010
Lebanon plans to set its banks a much higher target for top quality capital reserves than the levels agreed by international regulators in response to the financial crisis...
26 Oct 2010
The EU agreed on the final form of a set of rules on hedge funds and other alternative investment firms in talks on Tuesday between representatives of the...
26 Oct 2010
Saskatchewan's securities regulator has scheduled a hearing on...
26 Oct 2010
The U.S. futures regulator laid out plans on Tuesday for how it could use new and beefed-up legal tools to foil traders who seek to manipulate prices or defraud investors...
26 Oct 2010
U.S. prosecutors asked a federal judge to seal the courtroom for part of the upcoming criminal trial of a former Goldman Sachs Group Inc computer programmer, an effort to protect the secrecy of the...
26 Oct 2010
British Airways (BA) could be fined up to 80 million euros ($112 million) next month for fixing cargo prices with other carriers, a source with direct knowledge of the case said on Tuesday...
26 Oct 2010
China National BlueStar, a state-run specialty chemicals company backed by U.S. private equity firm Blackstone Group, is in talks to acquire part or all of Norwegian solar silicon product maker Elkem AS, according to three sources familiar with the matter...
26 Oct 2010
The U.S. Treasury concealed $40 billion in likely taxpayer losses on the bailout of American International Group, the New York Times said, citing a report by...
26 Oct 2010
In the 2010 Corruption Perceptions Index, Denmark, New Zealand and Singapore tie for first place. Countries with a legacy of conflict continue to dominate the bottom rungs of the list of 178 states...
26 Oct 2010
Poland has raised the upper end of the price range for its initial public offering of the Warsaw bourse after strong investor interest in the market debut, two sources close to the situation said on Tuesday...
26 Oct 2010
Emirates will not enter into any commercial alliances as they are harmful to competitiveness...
26 Oct 2010
Figures from Australia's private equity industry show new buyout fund-raising has stalled at 2009 levels, as worries over the country's tax regime keep investors at bay...
26 Oct 2010
JPMorgan Chase & Co., the second-largest U.S. lender by assets, agreed to buy Brazilian hedge fund and private equity firm Gavea for an undisclosed sum...
26 Oct 2010
Algeria said on Monday it will not begin talks on nationalising Orascom Telecom's local mobile phone unit until next year, casting fresh doubt on a $6.6 billion deal for Vimpelcom to buy Orascom assets...
26 Oct 2010
Libyan mobile telephone operators al Madar and Libyana will each list 30 percent stakes on the local stock exchange early next year...
26 Oct 2010
The U.S. commodity futures regulator is looking into claims by a trader in London that JPMorgan Chase & Co was involved in manipulative silver trading, the Wall Street Journal reported...
26 Oct 2010
State-owned Saudi Telecom (STC) is interested in bidding for a mobile licence in Syria, one of the few countries in the region with low mobile penetration and promising growth chances...
26 Oct 2010
Israeli energy, real estate and automotive conglomerate Delek Group is planning a public offering on the London Stock Exchange to raise $400-$500 million...
26 Oct 2010
A Malaysian Islamic finance industry body and the Maldives Islamic Bank signed a deal on Tuesday to set up Maldives' first sharia lender...
25 Oct 2010
Australia's Foreign Investment Review Board will consider the Singapore Exchange's plan to merge with the Australia's ASX Ltd, and will take advice from the...
25 Oct 2010
Singapore Exchange's agreed $7.9 billion takeover of Australia's ASX Ltd faced a new hurdle after key political leaders voiced concern over the deal, sending ASX shares down 5.5 percent...
25 Oct 2010
A top executive at Nissan Motor Co said on Tuesday he has a "huge sense of crisis" towards the strong yen...
25 Oct 2010
Tata Motors does not see any immediate need to form a partnership with Japanese automakers, Vice Chairman Ravi Kant said in Tokyo on Tuesday...
25 Oct 2010
Bank of America Corp has sued financial adviser Kenneth Starr...
25 Oct 2010
Pierre Henri Flamand, the former co-head of a Goldman Sachs Group Inc trading team, is set to raise over $1 billion from investors for a new hedge fund...
25 Oct 2010
Wall Street's top cop said on Monday he is hopeful that sweeping new rules for the financial market will help the Securities and Exchange Commission fight fraud...
25 Oct 2010
The Financial Stability Oversight Council, set up to cope with potential overriding risks to the U.S. economy, meets again on Nov. 23 to discuss how to get the...
25 Oct 2010
Private equity firm Carlyle Group is in talks to buy CommScope Inc for about $3 billion, the communications cable maker said on Monday...
25 Oct 2010
The U.S. Securities and Exchange Commission questioned...
25 Oct 2010
A new levy on British banks, set to raise 2.5 billion pounds ($3.9 billion) a year, should be a temporary measure until banks no longer depend on state aid...
25 Oct 2010
Abu Dhabi-listed investment holding company Waha Capital PJSC agreed to acquire a 20 percent stake in Dutch aircraft leasing company AerCap Holdings NV in a transaction valued at $380 million...
25 Oct 2010
Singapore Exchange (SGX) has agreed a $8.3 billion takeover of Australia's ASX Ltd to create Asia's fourth-largest stock exchange, aiming to cut costs and...
25 Oct 2010
U.S. utility contractor Quanta Services Inc said it acquired Canadian peer Valard Construction in a cash and stock deal valued at $219 million, to expand its Canadian service offering...
25 Oct 2010
The outstanding amount of over-the-counter derivatives rose during the first half of 2010 despite calls by regulators to move much of the market on to exchanges...
25 Oct 2010
Switzerland and Britain will sign an agreement on Monday to tackle outstanding tax issues, expected to include the thorny matter of untaxed money British citizens hold with banks in the Alpine country...
25 Oct 2010
Japan's Marubeni Corp said on Monday it has agreed to pay $650 million for the stakes held by a unit of BP in four oil and gas wells in the U.S. Gulf of Mexico, as the British oil company looks to...
25 Oct 2010
Chipmaker Gemalto said it filed a patent infringement lawsuit against...
25 Oct 2010
British Land is teaming up with Canada's Oxford Properties to develop the Leadenhall Building in London's City financial district, in the second of two crisis-hit skyscraper projects to be revived within a week...
25 Oct 2010
The Supreme Court has deferred the hearing of Vodafone's $2.5 billion tax case to Nov. 15, Harish Salve, a lawyer for the telecom firm, told reporters on Monday...
25 Oct 2010
The U.S. securities regulator is planning to streamline the complaint process by electronically cataloging alleged securities violations, the Wall Street Journal said...
25 Oct 2010
A Dubai court restarted a fraud trial against two former executives of Dubai Islamic Bank (DIB) Sunday having changed their status to government officials, making a stricter punishment more likely...
24 Oct 2010
Mobinil, which leads the Egyptian mobile market by subscriber numbers, is considering borrowing as much as 2 billion Egyptian pounds ($347 million) to finance expansion of its network and services...
24 Oct 2010
Britain will look again into the issue of investor "short-termism" with a view to curbing the behaviour seen by some as damaging to companies in takeover battles...
24 Oct 2010
An oversupply of residential properties in Gulf Arab emirate Dubai will take three to five years to clear, the chief executive of flagship property developer Nakheel said in remarks published on...
22 Oct 2010
Fannie Mae and Freddie Mac are in talks with U.S. title insurers to require mortgage servicers to assume insurers' liabilities if there are legal challenges to foreclosures on...
22 Oct 2010
Amazon.com Inc said Texas sent it a $269 million bill for...
22 Oct 2010
The U.S. futures regulator is aiming to find middle ground between money managers who want their swaps' collateral protected in times of financial crisis, and...
22 Oct 2010
Ventas Inc will pay about $1.5 billion to buy the real-estate assets of Atria Senior Living Group, making it the largest U.S. player in the seniors' housing space...
22 Oct 2010
An Italian court has cancelled interest rate swaps between UniCredit SpA and the city of Rimini in the first ruling backing a local government in a derivatives case...
22 Oct 2010
AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range as investors piled into the most attractive offering in...
22 Oct 2010
Brazil's burgeoning private equity industry became the latest victim in the government's efforts to weaken the real, when the finance ministry raised taxes on bond purchases by...
22 Oct 2010
Swiss regulators will keep an eye on banks and insurers to ensure they are complying with laws and regulations abroad, with the management of risks from cross-border business a part of their regular supervision...
22 Oct 2010
The U.S. Commodity Futures Trading Commission faces the mammoth task of writing detailed regulations to implement reforms passed by Congress giving the...
22 Oct 2010
Investors in a fashionable new breed of EU-regulated hedge fund portfolios could end up being frustrated by hidden costs and restricted strategies that mean returns fall short of...
22 Oct 2010
Franco-Belgian bank Dexia said it was not aware of any investigation into it after a newspaper report said Belgium's market watchdog was looking very closely at...
22 Oct 2010
Japan's Financial Services Agency said on Friday it would expand its oversight of brokerages with assets of over 1 trillion yen ($12.3 billion) to better track their group operations...
22 Oct 2010
Reliance Industries plans to shut a giant coker unit at its 660,000 barrel per day (bpd) Jamnagar refinery for about 15 days for routine maintenance from the end of October or early in November, two sources said on Friday...
22 Oct 2010
The European Central Bank has admitted a key deadline in a new pan-European direct debit system will not be met and has called for stronger legal involvement to...
21 Oct 2010
Australia's competition watchdog has joined calls for closer regulation of major banks, suggesting it be given more power to deal with any collusion among lenders when...
21 Oct 2010
Listed companies in China must not use refinancing as a means to bolster cash flow and repay bank loans, according to an official at the country's securities regulator...
21 Oct 2010
Bahrain-based Awal Bank BSC, controlled by Saudi Arabia's Saad Group and Saudi businessman Maan Al-Sanea, has filed for bankruptcy protection in the United States...
21 Oct 2010
A real estate fund started by former Salomon Brothers mortgage trader Andrew Stone filed for bankruptcy on Thursday, as the commercial real estate crash claimed yet another victim...
21 Oct 2010
Office Depot Inc, its chief executive and a former executive agreed...
21 Oct 2010
The Canadian province that is home to Potash Corp said on Thursday it was opposed to a $39 billion bid by BHP Billiton to buy the world's largest fertilizer supplier...
21 Oct 2010
Italian businessman Diego Della Valle has boosted his stake in...
21 Oct 2010
A judge on Thursday approved a reorganization plan for General Growth Properties Inc, paving the way for the No. 2 U.S. mall operator to exit Chapter 11 bankruptcy next month...
21 Oct 2010
Cash rich Australian companies are being forced to search offshore for takeover targets as the small local market has become too consolidated to get deals past the competition watchdog...
21 Oct 2010
The dire fiscal condition of U.S. states and local governments is worrying federal regulators who want to ensure that investors who buy bonds are getting the...
21 Oct 2010
Britain's takeover watchdog has unveiled proposals to make hostile bids harder but stopped short of endorsing the most radical ideas floated following the controversial takeover of Cadbury by Kraft Foods...
21 Oct 2010
The U.S. Commodity Futures Trading Commission's broad new powers over swaps markets will apply to foreign banks dealing swaps in the United States...
21 Oct 2010
Real estate investor Petra Fund REIT Corp and an affiliate filed for bankruptcy on Thursday with up to $500 million in liabilities...
21 Oct 2010
Some of the world's biggest reinsurers plan to open offices in Qatar, boosting the Gulf state's efforts to establish itself as a regional financial hub...
21 Oct 2010
Capital markets regulator Securities and Exchange Board of India (SEBI) is unlikely to accept a proposal to lift the size of mandatory open offer arising from mergers and...
21 Oct 2010
Switzerland and Germany have agreed the outlines of a deal for a withholding tax on billions of euros held in secret Swiss accounts and want to finalise details this month...
21 Oct 2010
The British Bankers Association said draft legislation published by...
21 Oct 2010
Britain's takeover watchdog unveiled proposals to make hostile bids harder but stopped short of endorsing the most radical proposals floated since Cadbury was taken over by Kraft Foods...
21 Oct 2010
Defence contractor BAE Systems says the impact on its business of the cuts in defence spending will be "modest," though order cancellations will hit its growth in 2010 and reduce earnings by...
21 Oct 2010
Abu Dhabi is becoming the breakout emirate for investment and growth as Dubai's image still reels from its financial woes during the global credit crisis...
21 Oct 2010
The largely-fragmented Islamic fund management industry will welcome more global players as demand for sharia-compliant asset management products rise...
21 Oct 2010
In the boom years before the global financial crisis, Gulf Arab sovereign wealth funds invested most of their petrodollars abroad. When markets fell, they propped up major Western firms and snapped up bargains...
21 Oct 2010
Pfizer Inc. will pay $240 million for a 40 percent stake in Brazil's Laboratorio Teuto Brasileiro S.A., a generic drug specialist, as the world's largest drugmaker expands in emerging markets...
21 Oct 2010
The Algerian government's $230 million back-tax claim against Egypt's Orascom Telecom is not final until the company is given a chance to challenge it...
21 Oct 2010
With a population of 29 million and a per capita income of $16,000, the world's largest oil-exporter dwarfs the small states on its periphery...
21 Oct 2010
Major initial public offerings in the region are still scarce but banks are starting to win mandates again with consumer and healthcare companies expected to lead new equity listings...
21 Oct 2010
Citigroup Inc's venture capital arm and two other investors are planning to sell Amoun, one of Egypt's biggest drugmakers...
21 Oct 2010
Britain said it expected to raise about 2.5 billion pounds ($4 billion) a year by 2012-13 from a permanent tax on British and overseas banks' balance sheets...
20 Oct 2010
Australia's big banks could face tougher regulation after the opposition called on Thursday for curbs on their profits and lending rates, saying controls were needed to stop them gouging their customers...
20 Oct 2010
Japanese IT services company NTT Data Corp will buy U.S. firm Keane Inc for more than 100 billion yen ($1.2 billion), as it looks to make a major push into the world's biggest IT market...
20 Oct 2010
A top U.S. banking regulator said she expects large U.S. banks will have to meet stricter capital requirements than specified in the new international rules known as Basel III...
20 Oct 2010
The U.S. Securities and Exchange Commission is to vote on Thursday on a settlement with Steven Rattner, the former head of the U.S. auto task force, over his role in a...
20 Oct 2010
Some employees of Florida law firms hired by banks to handle foreclosures have testified that they were "making up documents" and "forging stuff," the state's attorney general said...
20 Oct 2010
Hedge fund manager Steve Eisman, who made millions by anticipating the housing market collapse long before anyone else did, is back on his own...
20 Oct 2010
India believes a row with the European Union over seizures of generic drugs will be settled without litigation, Trade Minister Anand Sharma said on Wednesday...
20 Oct 2010
Australia's government re-introduced laws on Wednesday to force phone company Telstra Corp to separate its retail arm from its wholesale network, in a move aimed at increasing competition and...
20 Oct 2010
The EU executive presented a plan on Wednesday to boost the power of the bloc's authorities to intervene in failing banks, one of a string of measures to allow the closure of flagging lenders without sparking panic...
20 Oct 2010
Bahrain plans to give an extra 400 million Bahraini dinars ($1 billion) in fresh capital to loss-making national carrier Gulf Air, the company said on Tuesday, adding to the country's fiscal burden...
20 Oct 2010
The government has decided to halt Vedanta Resources' plans to expand its alumina refinery in Orissa, newspapers reported on Wednesday, after the environment ministry found "serious violations" of green laws...
20 Oct 2010
Bank of America Corp, the largest U.S. bank, has sued the FDIC over...
20 Oct 2010
State-run Coal India's IPO to raise as much as $3.5 billion was nearly 12 times subscribed on Wednesday as big investors rushed into the offer during the final hours for institutional orders...
20 Oct 2010
Britain's Financial Services Authority (FSA) has secured a tougher fine on a private investor who claimed financial hardship after being caught using inside information to trade in the...
20 Oct 2010
Irish banks still need to improve corporate governance practices, including how they pay senior executives, the central bank said on Wednesday, nearly two years after a slew of scandals scarred the sector...
20 Oct 2010
Canada's Saskatchewan province has opposed BHP Billiton's hostile bid for Potash Corp, prompting the mining giant to offer more concessions on tax revenue to get the $39 billion deal approved...
20 Oct 2010
Vodafone is financially ready to pick up equity, the telecom operator's chief executive said in published comments on Wednesday, when asked about interest in increasing its stake in...
20 Oct 2010
The rupee rebounded from a weak start on Wednesday as foreign inflows toward a $3.5 billion Coal India IPO gathered momentum. The dollar's weakness against majors also helped...
20 Oct 2010
China surprised markets on Tuesday with its first interest rate increase since 2007, the clearest tightening step it has taken since the country's stunning recovery from the global financial crisis...
20 Oct 2010
Cove Energy said its licence partner U.S. oil major Anadarko found more than 416 net feet of natural gas at the deepwater Barquentine exploration well in Mozambique, sending the British oil explorer's shares to an all-time high...
20 Oct 2010
Leumi, Israel's largest bank, said on Tuesday it was leading a group to buy a 20.7 percent stake in Tnuva, Israel's largest food company, from Mivtach Shamir Partners for 1.23 billion shekels ($342 million)...
20 Oct 2010
Italy's Fiat will invest 10 billion reais ($6 billion) in Brazil by 2015 in operations that include production of cars, auto parts and agricultural machinery...
19 Oct 2010
American Airlines and WestJet Airlines formed an alliance on Tuesday to more seamlessly carry passengers on each others' networks, the two carriers said...
19 Oct 2010
Market manipulation is a "high priority" for Wall Street regulator FINRA, its chief said on Tuesday, adding it is in regular talks with brokers to understand how...
19 Oct 2010
Jordan's first ever law covering the issuance of sovereign Islamic sukuk has been finalized and bankers and officials hope it will let the kingdom tap the...
19 Oct 2010
U.S. bank regulators revised down the estimated cost of bank failures and proposed rules for how to restore the depleted insurance fund that backs bank deposits...
19 Oct 2010
U.S. securities regulators charged two hedge fund managers at Georgia-based Palisades Master Fund with fraud on Tuesday, claiming they had overvalued illiquid assets placed in a "side pocket" to...
19 Oct 2010
Blackberry maker Research In Motion has launched new Middle East services after resolving a row with the United Arab Emirates over data security...
19 Oct 2010
Spain hopes that Gas Natural will reach a quick agreement with Algerian state-owned oil and gas company Sonatrach in a spat over gas prices which may cost the Spanish company up to $2 billion...
19 Oct 2010
Qatar is to take a 5 percent stake in the Brasilian unit of...
19 Oct 2010
Indonesia plans to revamp its land law, which investors hope will speed up the acquisition of land to help build infrastructure ranging from roads to airports...
19 Oct 2010
Israel has the right to raise the government take from natural gas and oil discoveries, Finance Minister Yuval Steinitz said, adding it will balance the...
19 Oct 2010
European Union countries agreed on Tuesday to impose new regulations on private equity and hedge funds, paving the way to a wide range of controls on the opaque sector...
19 Oct 2010
BP Plc told a court it was committed to waiving the legal cap on its liability from the Gulf oil spill, which could have limited the cost to the oil giant to $75 million...
19 Oct 2010
Clearinghouses, their members and swap dealers will have to report large swaps positions in 46 commodities to the U.S. futures regulator every day six to 10 months from now in...
19 Oct 2010
The Treasury Department said on Tuesday it has launched a fourth sale of 1.5 billion shares of Citigroup Inc common stock under a prearranged...
19 Oct 2010
Electronic payment processor Fidelity National Information Services Inc said it agreed to buy privately held Capco for $292 million in cash to strengthen its international presence...
19 Oct 2010
Banks that are "too big to fail" are more present than ever, a senior European central banker said in a newspaper interview published on Tuesday...
19 Oct 2010
Global banking supervisors agreed on Tuesday to phase in the introduction of a key new global standard on lenders' minimum short-term funding cover, handing further relief to a sector facing a hefty funding gap...
19 Oct 2010
A Russian regional court declared RUSIA Petroleum, the licence holder of the giant Kovykta gas field, majority owned by Russia's TNK-BP, insolvent on Tuesday and opened bankruptcy proceedings...
19 Oct 2010
Retailer Sports Direct and JJB Sports have been cleared by a fraud probe, although investigations into unidentified individuals continue, the two companies said on Tuesday...
19 Oct 2010
Lehman Brothers Holdings Inc on Monday said it has paid more...
19 Oct 2010
Naguib Sawiris, the Egyptian tycoon trying to sell assets to Russian group Vimpelcom, is to lose control of Greek telecom business Wind Hellas after creditors emerged as the preferred bidders on Monday...
19 Oct 2010
China may have to settle for minority stakes and financing deals when it comes to M&A targets in Indonesia's resources sector, given a reluctance of locals such as Bumi Resources to cede control of assets...
19 Oct 2010
A single trader alone could not have caused the "flash crash," a report by Instinet said on Monday, adding its voice to those casting doubt on a landmark regulator report that sought to explain the May market plunge...
18 Oct 2010
Telstra Corp, Australia's largest telecom company, is in talks with investors about a long 10-year euro-denominated bond, a fund manager who has been approached by a joint lead said on Tuesday...
18 Oct 2010
China's securities regulator will review on Friday the proposals by China Construction Bank and Bank of China to sell new shares to their shareholders...
18 Oct 2010
U.S. banks, under fire for their foreclosure practices, face a much bigger threat from demands by investors that they buy back mortgages that fail to meet their...
18 Oct 2010
ShangPharma Corp priced shares in its initial public offering within the expected range on Monday, according to an underwriter...
18 Oct 2010
Investors in U.S. companies would decide how frequently they...
18 Oct 2010
Regulators are teaming up and advancing their review of banks' and mortgage servicers' foreclosure practices to determine whether individual homeowners were...
18 Oct 2010
Novorossiysk, Russia's largest port operator, said on Monday it is looking to attract $1.95 billion in credit to finance the purchase of the Baltic Sea port of Primorsk...
18 Oct 2010
Turkmenistan, Central Asia's largest natural gas producer, said on Monday it expected gross domestic output growth to accelerate to 7.5 percent in 2010 from last year's 6.1 percent...
18 Oct 2010
CME Group Inc said on Monday that it had begun providing clearing to the $400 trillion interest-rate swaps market, the largest of the opaque markets that lawmakers are forcing onto more transparent venues...
18 Oct 2010
H&R Block Inc sued HSBC Bank USA, a unit of HSBC, alleging the...
18 Oct 2010
Northeast Utilities will buy peer NSTAR in a $4.17 billion...
18 Oct 2010
Canada's Western Energy Services said it will buy all outstanding units of Pantera Drilling Income Trust for about $47.5 million in stock, to augment its oilfield services in Canada...
18 Oct 2010
Canada's Western Energy Services said it will buy all outstanding units of Pantera Drilling Income Trust for about C$47.5 million ($47.08 million) in stock...
18 Oct 2010
Royal Bank of Canada pounced to buy fund manager BlueBay Asset Management for around 963 million pounds ($1.5 billion) as the Canadian group looks to cement its position as a top 10 global wealth manager...
18 Oct 2010
BP has agreed to sell a package of oil and gas fields in...
18 Oct 2010
Tougher commodity market regulation is likely to achieve the aim of dampening trading, but it could also encourage price spikes and lead to management buyouts as brokers try to avoid curbs, a fund manager said...
18 Oct 2010
Malaysia's Islamic insurance industry will surpass its conventional counterpart in 10 years with the entry of new players but it needs more assets to expand further, an Islamic insurer said on Monday...
18 Oct 2010
Switzerland's Bank Sarasin is likely to maintain its track record of boosting its net new assets by 10 percent each year, helped by growth in Asia and the Middle East, its chief executive said on Monday...
18 Oct 2010
All network security equipment, the strongest of which is used by the financial industry, is exposed to a new kind of online attack, Finnish data security vendor Stonesoft said on Monday...
18 Oct 2010
Egypt's Citadel Capital is considering listing two of its existing portfolio companies in the next 12 to 24 months...
18 Oct 2010
Goldman Sachs Group Inc is planning to make changes in the way it reports its finances and how it relates to clients, investors and analysts...
18 Oct 2010
Private equity firm Kohlberg Kravis Roberts & Co has offered up to $1.73 billion for Australian fund manager Perpetual, reigniting merger interest in Australia's $1 trillion wealth management sector...
17 Oct 2010
BHP Billiton and Rio Tinto scrapped their proposed $116 billion...
17 Oct 2010
U.S. President Barack Obama's housing secretary said on Sunday "it's shameful" that financial institutions may have made the housing crisis worse by improperly processing foreclosures...
17 Oct 2010
French power company EDF is proposing to hold an "all hands" meeting with U.S. partner Constellation Energy Group Inc on Tuesday, in an effort to resolve disputes over their nuclear project and...
17 Oct 2010
Germany is considering tightening its takeover laws, a cabinet source told Reuters, as protest grows against the looming takeover of German builder Hochtief by Spanish peer ACS...
17 Oct 2010
The 20-minute "flash crash" will reverberate for quite some time to come. For years, America's stock markets were the envy of the world, the model for modern trading -- fast, stable, efficient and for the most part transparent...
17 Oct 2010
Brazil's ruling Workers' Party (PT) has denied allegations that some of its officials pressured mining giant Vale for jobs...
16 Oct 2010
Former Countrywide chief Angelo Mozilo agreed to a settlement of $67.5 million to resolve charges of duping the home lender's investors while lining his own pockets, but Bank of America Corp will...
16 Oct 2010
Germany and Switzerland on Saturday rejected a report they had agreed to a landmark tax deal that would reap 30 billion euros (26.2 billion pounds) from tax evaders but said they still aimed for a deal this month...
16 Oct 2010
The Securities and Exchange Commission is looking at companies' mortgage practices to see whether any securities laws were violated, a person with knowledge of the matter said...
15 Oct 2010
Former Countrywide Financial Corp Chief Executive Angelo Mozilo has...
15 Oct 2010
France will not blindly follow other countries in imposing tougher capital requirements on its banks as it seeks to balance the needs of its recovering economy, senior policymakers said...
15 Oct 2010
The London Stock Exchange said on Friday it was in talks with its largest investment bank clients over whether it should postpone a technology upgrade scheduled for next month after a glitch last week...
15 Oct 2010
China's securities regulator said on Friday it had suspended the approval of mergers and acquisitions of listed property developers, making it more difficult for...
15 Oct 2010
HSBC has ended talks to pay $8 billion (5 billion pounds) for a majority stake in South African lender Nedbank...
15 Oct 2010
Reliance Industries, India's top-listed firm and owner of the world's biggest refining complex, said it raised $1.5 billion in an issue of dollar bonds...
15 Oct 2010
China's Sinochem Corp will not launch a counterbid for Potash Corp, sources told Reuters on Friday, abandoning efforts to...
14 Oct 2010
Panalpina Group and its customer, Royal Dutch Shell Plc, are close to settling foreign bribery charges by U.S. regulators, according to a Wall Street Journal report on its website...
14 Oct 2010
A proposed settlement between Steven Rattner, the former head of the U.S. auto task force, and the Securities and Exchange Commission over a pension corruption scheme was unexpectedly pulled from...
14 Oct 2010
A maker of Chinese drywall, builders and insurers will pay for hundreds of U.S. homes that were tainted with foul-smelling drywall to be renovated, an attorney for homeowners said...
14 Oct 2010
With Brazil's oil licensing rounds on hold indefinitely, companies seeking access to its reserves are increasingly looking to purchase exploration blocks or buy stakes in firms with a foothold in...
14 Oct 2010
Ireland's High Court will rule on Nov. 1 on a property developer's legal action against the country's "bad bank" scheme to clean up its banks, one of three judges hearing the case said...
14 Oct 2010
The head of Norwegian telecoms group Telenor cast doubt on Russian partner Vimpelcom's $6.6 billion acquisition of Egyptian peer Orascom, saying it was no done deal...
14 Oct 2010
In less than half a century, the United Arab Emirates transformed itself from almost empty desert to an oasis of air conditioned skyscrapers. For its next trick, it aims to be environmentally sustainable too...
14 Oct 2010
Regulators on both sides of the Atlantic stepped up their efforts to shine a light on the opaque $615 trillion (383 trillion pounds) derivatives markets and avert loopholes for...
14 Oct 2010
Potash Corp has asked a U.S. court to compel its would-be buyer BHP Billiton to produce all communications with regulators and government officials that relate to...
14 Oct 2010
Britain will seek to strengthen its competition regime by merging two existing bodies into a single competition and market authority, the Cabinet Office said...
14 Oct 2010
The IPO of American International Group Inc's Asian life insurance unit is set to command a valuation above the mid-point of an indicative range as attractive valuations draw in investors to the...
14 Oct 2010
The French oil refining industry came closer to a complete paralysis amid strikes with only one out of 12 plants operating normally on Thursday and some petrol stations reporting brief shortages caused by panic buying...
14 Oct 2010
The chief of Dubai's airport retaliated on Wednesday against accusations from France and Canada that Emirates airline enjoyed unfair competitive advantages, escalating a dispute over access to flight routes and unfair competition...
14 Oct 2010
Rupert Murdoch's News Corp, Germany's RTL Group and U.S.-based Time Warner have submitted bids for media assets belonging to Turkey's Dogan Yayin...
14 Oct 2010
Fears of a threat from Iran are driving Gulf Arab nations to spend billions on new arms, but that investment can't protect the Arabian peninsula unless there is closer military coordination and cooperation...
14 Oct 2010
Indonesian mobile phone firm PT Bakrie Telecom is set to acquire the CDMA unit of PT Telekomunikasi Indonesia in a share deal worth up to $1 billion...
14 Oct 2010
Qatar Telecom QSC (Qtel) is interested in raising its stake in the Philippines' Liberty Telecoms and is in talks with partner San Miguel Corp to expand the venture...
14 Oct 2010
Malaysia's Petronas Chemicals Group Bhd is likely to raise $4.2 billion in Southeast Asia's biggest ever initial public offering after setting an indicative price range for the float...
14 Oct 2010
Cranes hum as they build a state-of-the-art financial centre in Amman, but the grandeur of the glass-walled edifice is at odds with the more humble mood among investors who lost billions when the market crashed...
14 Oct 2010
Kuwait telecoms firm Zain, the Gulf's third-largest operator by market value, has no plans to sell its Sudan operations and expects better 2011 results by its Saudi unit...
13 Oct 2010
Fannie Mae and Freddie Mac are reviewing the work of a Florida law firm they recommended to process foreclosures, according to a report on the...
13 Oct 2010
A federal watchdog has concluded that fraud charges filed against Goldman Sachs in mid-April by the U.S. Securities and Exchange Commission were not politically motivated...
13 Oct 2010
The Swiss government has set out to improve its crisis management and prevent events like the near-collapse of the country's largest bank UBS through tougher regulation and...
13 Oct 2010
Investors cannot force Countrywide Financial Corp to buy back mortgages that the lender agreed to modify, a New York court ruled...
13 Oct 2010
The Swiss government has set out to improve its crisis management and prevent events like the near-collapse of the country's largest bank UBS through tougher regulation and...
13 Oct 2010
Banks, fixated on boosting their capital for over two years, may next be forced to trim their balance sheets to stay on the right side of stringent new rules that massively inflate their assets...
13 Oct 2010
All 50 states launched a joint investigation of the mortgage industry on Wednesday, a move some experts fear will cause uncertainty and threaten the recovery of the fragile housing market...
13 Oct 2010
The U.S. Commodity Futures Trading Commission is slated to unveil more proposals on October 19 and Oct 26 for detailed regulations required to take oversight of the...
13 Oct 2010
The top U.S. securities regulator took its first stab at policing the...
13 Oct 2010
Qatar is in preliminary talks with the governments of Argentina and Ukraine to buy farmland for cereals production, the head of the Gulf Arab state's national food security programme said...
13 Oct 2010
A U.S. bankruptcy court on Tuesday approved the bidding procedures that will guide power plant operator Boston Generating LLC's asset sale process...
13 Oct 2010
The British government began moves on Wednesday to sell off upto 90 percent of state-owned letters delivery business Royal Mail, with the remaining stake reserved for the company's staff...
13 Oct 2010
Burger King Holdings Inc said it did not get any superior buyout offers...
13 Oct 2010
A group led by Ohio's attorney general has launched an...
13 Oct 2010
The European Union's executive said on Wednesday it would propose reforming the auditing sector next year after the financial crisis uncovered failings in how it operated...
13 Oct 2010
BAA will have to break up its network of British airports after Britain's Court of Appeal on Wednesday overruled a previous decision in BAA's favour...
13 Oct 2010
UAE telco Etisalat is considering bank loans, bond issuance or a combination of both to finance its planned bid for a 46-percent stake in Kuwait's Zain ...
13 Oct 2010
Washington Mutual Inc said the U.S. Treasury department had...
13 Oct 2010
The United Arab Emirates intends to issue new rules to control credit growth, the Gulf oil producer's central bank governor said...
13 Oct 2010
Malaysia will postpone the implementation of the goods and services tax, official news agency Bernama reported...
13 Oct 2010
Asia-focussed bank Standard Chartered launched a $5.3 billion (3.4 billion pound) rights issue to bolster its finances for new capital rules and provide the firepower to take advantage of...
13 Oct 2010
While emerging economies elsewhere in the world are struggling to halt appreciation of their currencies, central Europe is reaping benefits from currency strength...
13 Oct 2010
China's foreign exchange reserves soared in the third quarter and its trade surplus remained hefty, showing that the country is under both economic and political pressure to let the yuan rise more quickly...
13 Oct 2010
Petronas Chemicals is looking to raise as much as $4 billion in a Malaysian initial public offering, exceeding earlier estimates of over $2 billion as it hopes to tap on strong global investor demand for Asian stocks...
13 Oct 2010
Vimpelcom's $6.6 billion bid to buy Orascom from Egyptian tycoon Naguib Sawiris is by no means a done deal...
13 Oct 2010
Turkey's merger and acquisition activity (M&A) will likely reach $15 billion this year and could grow as much as another $5 billion in 2011 largely due to electricity grid privatisations...
13 Oct 2010
PT Indosat, Indonesia's No. 2 mobile phone provider, may sell up to 14,000 telecom towers worth about $1.4 billion in coming months...
13 Oct 2010
Saudi Arabia has granted more time to one of the consortia hunting for gas in its empty quarter...
13 Oct 2010
Banque du Caire, Egypt's fifth-biggest bank by assets, aims to boost its lending ratio in three years to match Egypt's average after nearly doubling it since 2008...
12 Oct 2010
Creditors of large, troubled financial firms in the future will face having to absorb the kind of losses that taxpayers shouldered in the bailouts of AIG and Citigroup...
12 Oct 2010
New York State Attorney General Andrew Cuomo demanded more information on home foreclosures from Bank of America, JPMorgan Chase, Wells Fargo and GMAC Mortgage/Ally on Tuesday and...
12 Oct 2010
Officials at the U.S. futures regulator on Tuesday rebuffed criticism of the government's review of the May 6 "flash crash" and the role that a mutual fund's large trade played in...
12 Oct 2010
Law firm Manatt Phelps & Phillips LLP agreed to a five-year ban from appearing before New York public pension funds for its role in representing financial firms in a pay-to-play scheme...
12 Oct 2010
The Obama administration lifted its ban on deepwater drilling seven weeks ahead of schedule, saying new rules cut the risk of a repeat of the BP oil spill, the worst ever to hit the United States...
12 Oct 2010
The London Metal Exchange faces challenges as the European Commission overhauls its financial market regulation, with renewed focus on the commodity sector...
12 Oct 2010
U.S. banking regulators on Tuesday laid out rough plans for...
12 Oct 2010
The new U.S. financial reform law is facing another legal challenge in a sign that the courts could become an increasingly important battleground over how the industry is regulated...
12 Oct 2010
About five new companies offering Islamic insurance, or takaful, are expected to launch in the United Arab Emirates by mid-2011...
12 Oct 2010
The European Commission has adopted a proposal to regulate oil drilling in deep water, a commission source said...
12 Oct 2010
The European Commission has adopted a proposal to regulate oil drilling in deep water, a commission source said...
12 Oct 2010
The Financial Accounting Standards Board has issued an...
12 Oct 2010
TCF Financial Corp said its banking unit would file a...
12 Oct 2010
India will raise up to $3.5 billion by selling shares in Coal India after setting what brokers and fund managers said looked an attractive price range for the country's largest-ever initial public offer...
12 Oct 2010
High-frequency trading of stocks requires extra regulation given the risks it poses and the European Commission will work with U.S. counterparts to craft new rules...
12 Oct 2010
Pfizer Inc reached a deal to buy drugmaker King Pharmaceuticals Inc for...
12 Oct 2010
Google Inc has joined an estimated $5 billion undersea cable project to carry power from offshore wind farms to the east coast of the United States...
12 Oct 2010
Activist investor Carl Icahn said he supported Lions Gate...
12 Oct 2010
High-frequency trading of stocks requires more regulation given the risks it poses, Michel Barnier, the commissioner for internal markets and services at the European Commission...
12 Oct 2010
Commodities and banks drag down FTSE...
12 Oct 2010
Japan's DeNA Co will buy ngmoco Inc, a U.S. developer of games for Apple Inc's iPhone and iPad for up to $403 million, saying the combination will create the world's largest mobile social games platform company...
12 Oct 2010
The U.S.-based "flash crash" was less severe in neighboring Canada because of dedicated market makers, the depth of book protection for bids and offers, and...
12 Oct 2010
State-owned Coal India is likely to offer a 5 percent discount on the final IPO price to retail investors and employees of the world's largest coal miner, three sources with direct knowledge of the situation said on Tuesday...
12 Oct 2010
South Africa's SacOil said on Tuesday it plans a secondary listing on London's Alternative Investment Market by early 2011, to access European capital markets to fund acquisitions...
12 Oct 2010
The Islamic unit of HSBC plans to grow internationally through the launch of the industry's first Islamic exchange-traded fund and by a further expansion into...
12 Oct 2010
Private equity firms running the ruler over Australian brewer Foster's wine business could baulk as the Aussie dollar's surge to 28-year highs has raised the unit's price tag by...
12 Oct 2010
Algeria began recruiting advisers on Monday to help nationalise local mobile firm Djezzy, casting new doubt on Russian operator Vimpelcom's $6.6 billion bid to takeover Djezzy's parent company Orascom Telecom...
11 Oct 2010
French Economy Minister Christine Lagarde rebuffed U.S. criticism that demands for tough new EU rules on hedge funds are protectionist but she also extended an olive branch...
11 Oct 2010
The head of the Confederation of British Industry (CBI), the country's main lobby group for business, is opposed to the retail and investment banking arms of the country's top banks being split up...
11 Oct 2010
Ireland's sale of EBS is moving into its final stage despite European Union regulators launching a probe of the building society's restructuring plans, the Irish finance ministry said...
11 Oct 2010
Goldman Sachs is set to rejoin the leading international bank lobby group two years after quitting following a disagreement over the group's support of "Alice in Wonderland" accounting techniques...
11 Oct 2010
High-frequency algorithmic trading is the creation of stock market regulators that wanted exchanges to compete with alternative venues in a fragmented marketplace, the London Stock Exchange's company said...
11 Oct 2010
Egypt's Orascom Telecom has not received any official notification from Algeria that it it's local unit Djezzy should pay Algeria's central bank $193 million...
11 Oct 2010
Asian authorities girded against further capital inflows on Monday and a European central banker stepped up rhetoric about the strong euro after an IMF meeting failed to defuse global currency tensions...
11 Oct 2010
Gymboree Corp said it is selling itself to buyout firm Bain Capital for...
11 Oct 2010
Britain needs to enforce money laundering regulations more strictly after some of its leading high street banks accepted millions of pounds in deposits from corrupt Nigerian politicians, a graft watchdog said...
11 Oct 2010
The comprehensive "flash crash" report that U.S. regulators issued this month will not alone restore investors' confidence in markets, though it is a good start...
11 Oct 2010
The comprehensive "flash crash" report that U.S. regulators issued this month will not alone restore investors' confidence in markets, though it is a good start...
11 Oct 2010
The formation of a Gulf-wide sharia council with the mandate to set industry rules, rather than just issue guidelines in its present form, is still "years away”...
11 Oct 2010
Sweden's Electrolux has agreed in principle to buy Egypt's Olympic Group, the biggest appliance maker in the Middle East and North Africa, in a push to capture growth in emerging markets...
11 Oct 2010
In a report published today, Standard & Poor's Ratings Services said that it believes that the sukuk market has grown large enough to support a transformation in the...
11 Oct 2010
BlackRock Inc, the world's biggest asset manager, expects many countries to impose capital controls on "hot money" and sees the foreign fund flows to Asia that have pushed up...
11 Oct 2010
Budget airliner easyJet reached an agreement with its founder and largest shareholder Stelios Haji-Ioannou, allowing the no-frills carrier to keep using the Stelios-owned brand name, ending a two-year dispute...
11 Oct 2010
Shares in German drugmaker Merck fell as it failed to win EU marketing approval for Erbitux, a cancer drug, and announced plans to ask a European watchdog to review a...
11 Oct 2010
China's top offshore oil producer CNOOC Ltd agreed to pay $1.1 billion for a stake in a U.S. shale oil and gas field, testing the market for the first time since its 2005 failed bid for Unocal...
10 Oct 2010
China's sell-off of Japanese debt in August reflects Beijing's determination to better manage its foreign exchange reserves and had nothing to do with politics, an official newspaper reported on Monday...
10 Oct 2010
A global crackdown on bank oversight could undermine a fragile economic recovery if governments move too fast and fail to cooperate, international bankers warned at...
10 Oct 2010
A more proactive supervisory policy forcing banks to cut dividend payouts in times of stress may help shield the economy from future credit shocks...
10 Oct 2010
State-run Bangladesh Oil, Gas and Mineral Corporation clinched a preliminary deal with U.S. firm ConocoPhillips on Sunday for oil and gas exploration in the Bay of Bengal...
10 Oct 2010
A U.S. magistrate judge has recommended the dismissal of a case against a U.S. subsidiary of Kuwait's Agility, which is accused by prosecutors of fraud over multibillion dollar contracts with the U.S. Army...
10 Oct 2010
The Kuwait sovereign fund's stake in Zain is not affected by an offer from Emirates Telecommunications Corp (Etisalat) to buy 46 percent of the Kuwaiti telecom company...
9 Oct 2010
Constellation Energy Group Inc pulled out of a deal to build a nuclear reactor in Maryland with French power company EDF SA, probably killing the multi-billion dollar project...
8 Oct 2010
Bankers may have to get used to seeing lax loan requirements in corporate debt agreements, as the "covenant lite" loans made popular in the earlier part of the decade...
8 Oct 2010
Hedge fund manager William Ackman is placing a big bet that...
8 Oct 2010
European Union bank watchdogs fleshed out on Friday what amount to the world's toughest and most far-reaching curbs on bonuses, prompting a warning that financial firms are now more likely to...
8 Oct 2010
General Growth Properties Inc on Friday named the board of its future spin-off company and appointed hedge fund manager William Ackman to become its chairman when the...
8 Oct 2010
Indian state-owned Oil and Natural Gas Corp said it would issue its response to Cairn Energy's plans to sell a controlling stake in its Indian unit to Vedanta Resources "very soon"...
8 Oct 2010
The main Middle East investor who pumped billions of pounds into Barclays has effectively sold a chunk more shares to lift his profit on the deal to over $3 billion (1.9 billion pounds) and send the bank's shares lower...
8 Oct 2010
Oil major BP is restructuring its trading unit into a leaner and nimbler outfit in the face of eroding profits, the head of the unit says in an internal document obtained by Reuters on Friday.
8 Oct 2010
The U.S. banking regulator is expected to propose new rules for seizing and dismantling large financial firms on the verge of collapse, the Wall Street Journal reported...
8 Oct 2010
The International Securities Exchange is planning to launch a second exchange for trading U.S. stock options, the Wall Street Journal reported, citing a person familiar with the situation...
8 Oct 2010
Investors lapped up Singapore Global Logistic Properties' (GLP) IPO but shunned the non-precious metals unit of London-listed gold miner Petropavlovsk Plc in a day of mixed fortunes for Asian share offerings...
8 Oct 2010
Spanish bank Santander has emerged from the financial crisis a bigger, stronger company. But the group's aggressive two-year spending spree has...
7 Oct 2010
South Korea's top financial regulator has asked banks operating in the country to refrain from foreign currency lending as demand for such loans is expected to rise on a...
7 Oct 2010
IRC Ltd, the non-precious metals unit of London-listed gold miner Petropavlovsk Plc, has cut the size of its Hong Kong initial public offering by half, according to a term sheet obtained by Reuters on Friday...
7 Oct 2010
China sold a net 2.0 trillion yen ($24.29 billion) in short-term Japanese bills in August, nearly equal to the 2.3 trillion yen in Japanese bills and bonds they had bought between January and July, data showed on Friday...
7 Oct 2010
Bank of America Corp has accused a former computer programmer of stealing trade secrets from databases before he left the bank last month, according to a lawsuit filed in a...
7 Oct 2010
The top U.S. securities regulator will require Citigroup Inc to maintain strict disclosure reforms as part of a $75 million proposed settlement over the bank's failure to...
7 Oct 2010
A U.S. judge on Thursday upheld a key part of President Barack Obama's signature healthcare law that requires Americans to obtain coverage, rejecting a challenge by a...
7 Oct 2010
The U.S. futures regulator said on Thursday it would look at whether new regulations could help prevent market disruption from high-frequency algorithmic trading in...
7 Oct 2010
Former New York State Comptroller Alan Hevesi on Thursday pleaded guilty to a felony corruption charge for his role in a pay-to-play scheme involving the $132 billion state pension fund...
7 Oct 2010
European Union governments are set to endorse a new law next week that will apply the first pan-EU curbs on excessive pay in the banking sector from January...
7 Oct 2010
The Federal Reserve said that it issued an order against HSBC...
7 Oct 2010
Algeria's central bank has decided to demand $193 million in compensation from Orascom Telecom's local unit Djezzy because it violated foreign exchange rules, an Algerian telecoms official source said...
7 Oct 2010
France aims to sell at least 9 billion euros ($12.47 billion) in military hardware in 2010, up on last year, as it benefits from a pick-up in Brazilian orders...
7 Oct 2010
Banks will find it harder in future to flatter their results and play down risks by shifting assets off balance sheets just ahead of earnings, a global accounting rule setter said on Thursday...
7 Oct 2010
A new European Union tax on bank profits and remuneration could raise as much as 25 billion euros for cash-strapped governments to repair their economies, the bloc's executive body said...
7 Oct 2010
New rules on bank capital outlined in the Basel III rules are not enough when dealing with cross-border financial institutions, China's banking regulator wrote in an...
7 Oct 2010
Taiwan's central bank is inspecting currency forwards businesses at local and foreign banks as part of its campaign to protect the currency and economy from what it sees as the destabilising effects of speculation...
7 Oct 2010
The Treasury Department's program to soak up toxic mortgage assets may have unnecessarily excluded smaller, well-qualified fund managers to the detriment of taxpayers...
7 Oct 2010
A toxic red mud spill from an alumina factory in western Hungary has reached the Mosoni-Danube, a southern branch of the Danube on Thursday, the National Disaster Unit said...
7 Oct 2010
UAE telecoms operator du said on Wednesday it secured an additional $255 million credit facility from The Export-Import Bank of China to fund expansion of its 3G network...
7 Oct 2010
Qatar Telecom has issued price guidance for a $500 mln six-year bond at 235 basis points over U.S. Treasuries...
7 Oct 2010
Online internet betting exchange Betfair opened books on its planned flotation on Thursday, valuing the company at up to 1.48 billion pounds as its owners seek to cash in on a recovering IPO market...
7 Oct 2010
Russian telecom Vimpelcom's cash and share bid for Italian telecom Wind and control of Egypt's Orascom Telecom will be financed by a new $6-6.5 billion loan...
7 Oct 2010
Brazilian mining company Vale, the world's largest producer of iron ore, will invest at least $20 billion in 2011...
7 Oct 2010
Companies that are restructuring are struggling to get revolving loans from lenders, and they often have to strike deals that allow banks to earn other fees, restructuring advisers said...
6 Oct 2010
Australia's government said on Thursday it was committed to its planned resource tax and would not broaden it to include small miners, as talks with industry to hammer out final tax details were set to start...
6 Oct 2010
A U.S. jury convicted a former Jefferies Group Inc affiliate manager of conspiracy and securities fraud on Wednesday, one of several prosecutions brought last year over allegations of insider trading at hedge funds...
6 Oct 2010
U.S. business groups on Wednesday urged the Obama administration to press China to ease export restrictions on rare earth metals, substances produced almost solely by China that are...
6 Oct 2010
U.S. healthcare group Johnson & Johnson got backing from Dutch...
6 Oct 2010
U.S. Treasury Secretary Timothy Geithner has written to French economy minister Christine Lagarde warning her against curbing foreign hedge funds in Europe as a row with Washington over...
6 Oct 2010
General Electric Co marked its return to the takeover track with its first major deals since the start of the financial crisis, for a maker of engines used in oil and gas production and a credit card portfolio...
6 Oct 2010
Taiwan's broadcast regulator will seek more discussion on Carlyle Group's T$36 billion ($1.17 billion) sale of its Taiwan cable TV unit amid concerns over competition issues...
6 Oct 2010
Bahrain Telecommunicationssaid it was interested in the Saudi assets of Kuwait's Zain which is mulling an offer to sell a 46-percent stake to Emirates Telecommunications...
6 Oct 2010
Republicans want to roll back the landmark Wall Street reforms enacted in July but tinkering around the edges may be all they can manage, even if they do make gains in the U.S. congressional election in November...
6 Oct 2010
Private equity firm Permira is to buy Irish medical device maker Creganna-Tactx Medical, its first deal in the healthcare industry in a decade...
6 Oct 2010
Russian mobile operator Vimpelcom will buy Italian mobile group Wind and control of Egyptian operator Orascom Telecom for $6.6 billion, and seek a deal with Algeria to keep Orascom's Djezzy unit...
6 Oct 2010
Diversified manufacturer Robbins & Myers Inc agreed to buy...
6 Oct 2010
Cadence Financial Corp said it terminated its merger deal with Trustmark Corp and agreed to be bought by Community Bancorp LLC at what it called a "higher and more certain" price...
6 Oct 2010
Lehman Brothers Holdings Inc said Ambac Assurance Corp agreed to withdraw claims worth more than $6.1 billion against the company as part of a global settlement...
6 Oct 2010
Citigroup Inc has sold $1.6 billion in sales finance portfolios from its retail partner card business to GE Capital, the companies announced on Tuesday...
6 Oct 2010
Fitch Ratings downgraded Ireland's credit rating to A+ from AA- and put it on a negative outlook, pointing to the bigger-than-expected cost of cleaning up the country's banks and...
6 Oct 2010
Crucell said it would recommend U.S. personal care group Johnson & Johnson's unchanged cash offer of 24.75 euros per share for the Dutch biotech as one shareholder said he would not sell at that price...
6 Oct 2010
German state-owned bank Landesbank Baden-Wurttemberg has sued U.S. investment bank Goldman Sachs and TCW Asset Management Co for...
6 Oct 2010
The European Union and South Korea signed a free-trade deal on Wednesday which could potentially double trade between them and trigger a rush among Asian states to enter trade pacts with the 27-nation EU...
6 Oct 2010
The sale of English soccer club Liverpool to New England Sports Ventures (NESV) is supported by its main creditor Royal Bank of Scotland, a person familiar with the matter said on Wednesday...
6 Oct 2010
The Islamic finance industry is not short of qualified sharia scholars to meet growing demand, but it relies too heavily on a handful of them, limiting growth potential and raising regulatory concerns...
6 Oct 2010
Google has denied Oracle's complaint of copyright infringement in development of Android smartphone software and asked a U.S. court to dismiss Oracle's lawsuit, court documents showed...
6 Oct 2010
Algeria still plans to nationalise Orascom Telecom's local unit, undermining Vimpelcom's $6.6 billion acquisition deal ahead of the Russian president's visit to the country on Wednesday...
6 Oct 2010
Israel's Delek Energy may join Noble Energy in searching for natural gas offshore Cyprus...
6 Oct 2010
Brazilian miner Vale and Anglo-Australian rivals Rio Tinto and BHP Billiton plan to ramp up production of of iron ore to keep pace with growing demand from the world's steelmakers...
6 Oct 2010
Orascom Telecom hopes to finish splitting off some of its assets about two months after its parent company closes a merger with telecoms group Vimpelcom...
6 Oct 2010
Qatar, which now has a power surplus, plans to set up an electricity plant with a capacity of up to 5,000 megawatts by 2016 to meet rising demand...
5 Oct 2010
Rogers Communications said on Tuesday it would pay C$425 million ($417 million) in cash to buy Atria Networks to boost its services to the public sector and small and...
5 Oct 2010
Bell Canada, the country's largest communications company, said it has bought a data center in Montreal that more than doubles its capacity to handle corporate and...
5 Oct 2010
U.S. hedge fund firm Harbinger Capital Partners said on Tuesday that it had halved its stake in British satellite operator Inmarsat at a time the $9 billion fund firm is making a large wireless bet...
5 Oct 2010
B/E Aerospace, the world's biggest supplier of aircraft interior products, will buy TSI Group Inc from private equity firm Arlington Capital Partners for $310 million in cash to enhance its commercial products offering...
5 Oct 2010
Rio Tinto is preparing to walk away from its planned $116 billion venture with BHP Billiton to merge their Australian iron ore operations, a newspaper reported...
5 Oct 2010
Potash Corp slammed a report commissioned by the province of...
5 Oct 2010
Thermadyne Holdings Corp, a metal cutting and welding products maker, said it agreed to be acquired by private equity firm Irving Place Capital for $214.7 million in cash plus debt...
5 Oct 2010
U.S. gas company Noble Energy warned on Tuesday it could take Israel to the International Court of Justice if its lawmakers go ahead with a proposal to...
5 Oct 2010
The Bank of Japan on Tuesday pledged to pump more funds into the struggling economy and keep rates virtually at zero, surprising markets and stealing a march on the Federal Reserve in...
5 Oct 2010
Mexico's Televisa will invest $1.2 billion in U.S. broadcaster Univision, strengthening links with a key distributor of its programing among the U.S. Hispanic market...
5 Oct 2010
The New York GOP candidate for governor on Tuesday said he will shut down the government if "incompetent" lawmakers spurn his budget...
5 Oct 2010
The Justice Department sued American Express Co, Visa Inc and MasterCard Inc on Monday, accusing them of violating antitrust laws and citing rules that prevented...
5 Oct 2010
Upscale handbags maker Coach Inc and Luxottica Group, the world's biggest eyewear group, signed a deal to sell eyewear under the Coach, Coach Poppy and Reed Krakoff brands...
5 Oct 2010
Food manufacturer Northern Foods saw sales growth accelerate in its second-quarter and said it was changing the structure of its business to save money as it braces for a possible double-dip recession...
5 Oct 2010
A tough economic environment means Ireland's government will have to pull the belt of austerity even tighter, although it is better-placed to deal with its budget crisis than some other euro zone states...
5 Oct 2010
UAE's Etisalat would have no trouble financing a bid for both Zain and Reliance Communications, but may put the latter on hold as it focuses on the Middle East market...
5 Oct 2010
Naguib Sawiris, who will sell his Weather investment vehicle and control of Orascom Telecom to Vimpelcom for $6.6 billion, built his mobile empire by entering markets into which others have feared to tread...
5 Oct 2010
Corporate bond markets in the Gulf Arab region are expected to recover in the coming months following last week's first sovereign bond issue by Dubai since its debt woes effectively shut regional markets...
4 Oct 2010
Allstate Insurance Co has sued Toyota Motor Corp, seeking to recover more than $3 million the insurer and affiliates paid in claims for accidents linked to unintended acceleration in Toyota vehicles...
4 Oct 2010
Saskatchewan's advisers on Monday urged the Canadian province not to oppose a takeover of Potash Corp by BHP Billiton, and said a Chinese bid, if one emerges, could hurt their budget more...
4 Oct 2010
Regulators will delay implementation of their rule giving shareholders...
4 Oct 2010
Potash Corp has asked a court to deny BHP Billiton's request for documents as part of the discovery process in a legal battle over BHP's $39 billion hostile bid for the...
4 Oct 2010
American International Group Inc (AIG) plans to raise up to $14.9 billion (9.4 billion pounds) through an IPO of its Asian life insurance unit AIA Group Ltd, according to a document obtained by Reuters...
4 Oct 2010
The Justice Department sued American Express Co on Monday for...
4 Oct 2010
U.S. hedge fund Harbinger Capital Partners said it intends to sell just under half its 28 percent stake in British satellite operator Inmarsat and ruled out making an offer for the firm...
4 Oct 2010
Auto parts supplier Tower said Monday it expects to...
4 Oct 2010
A takeover of Potash Corp by BHP Billiton could cost Saskatchewan at least C$2 billion ($1.96 billion), an independent report says, but it warns the Canadian province against opposing the...
4 Oct 2010
Sanofi-Aventis launched a hostile bid for Genzyme at $69 per share...
4 Oct 2010
MI Developments confirmed on Monday that a company controlled by...
4 Oct 2010
Britain's accounting watchdog opened a second investigation into auditor Ernst & Young on Monday over its auditing of failed U.S. bank Lehman Brothers...
4 Oct 2010
Brazil's Vale, the world's largest iron ore miner, said it received...
4 Oct 2010
Britain's BP is borrowing 2 billion euros ($2.7 billion) from European investors via a bond issue on Monday, designed to help finance a $20 billion fund set up to compensate victims of its Gulf of Mexico oil well leak...
4 Oct 2010
Canada's Parkbridge Lifestyle Communities Inc agreed to...
4 Oct 2010
Switzerland has tightened the reins on UBS and Credit Suisse, telling them to hold far more capital than their international rivals to prevent a crisis that could cripple the country...
4 Oct 2010
Iraq's declaration on Monday that its proven recoverable reserves have risen by 25 percent to 143 billion barrels is likely to revive debate on how much...
4 Oct 2010
Abu Dhabi National Energy Company (TAQA) is in talks with banks and expects to raise the funds to refinance a $3 billion credit facility by year-end...
4 Oct 2010
Nakheel is in preliminary talks to list an Islamic bond, part of its restructuring plan, on Nasdaq Dubai and a "good percentage" of banks have agreed to the developer's repayment plan...
4 Oct 2010
American International Group Inc received a $1 billion commitment from Kuwait Investment Authority for the IPO of its Asian unit, the first major investment inked before the mega offering's roughly $15 billion launch...
3 Oct 2010
Indonesia's PT Bank Permata, a mid-sized lender partly owned by Standard Chartered, said on Sunday it plans to raise 2 trillion rupiah ($224.2 million) from a rights issue...
3 Oct 2010
China offered on Saturday to buy Greek government bonds when Athens resumes issuing, in a show of support for the country whose debt burden pushed the euro zone into crisis and required an...
3 Oct 2010
Qatar Telecom may seek to buy Zain Saudi Arabia, a deal which would clear a regulatory hurdle for Emirates Telecommunications' bid for parent company Zain...
2 Oct 2010
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by...
1 Oct 2010
Auto parts maker Visteon Corp said on Friday it had emerged from 16 months in bankruptcy protection with $2 billion less debt and a revitalized business...
1 Oct 2010
Gammon Gold said on Friday it would buy rival Capital Gold in a friendly $288 million cash and share deal as the mid-tier miner looks to strengthen its position as a leading Mexico-focused gold producer...
1 Oct 2010
The futures regulator, rolling out its first new rules under the sweeping financial reform law, proposed limits on Friday on the control banks and other firms can exert over venues where...
1 Oct 2010
Air Products and Chemicals Inc will take its $5.5 billion bid for rival industrial gas supplier Airgas Inc to court on Monday, and the outcome could have big implications for future hostile takeovers...
1 Oct 2010
Exfo Inc sold its life sciences and industrial division for $24.3 million in cash to private-equity firm, The Riverside Co, to focus on its core telecom business...
1 Oct 2010
Chinese refiner Sinopec Group will buy 40 percent of Spanish oil major Repsol's Brazilian arm for $7.1 billion, strengthening resource-hungry China's presence in Latin America...
1 Oct 2010
BP named the Gulf of Mexico assets that it will use to help finance...
1 Oct 2010
The cloud over the financial future of Dubai after the Dubai World debt crisis is the overriding risk to watch in the United Arab Emirates this year...