NEWS
November 2010
30 Nov 2010
Wall Street bank Morgan Stanley may sell its 34.3 percent stake in China International Capital Corp (CICC), China's top investment bank, to four parties including two private equity firms...
30 Nov 2010
A former Deloitte Tax LLP partner and his wife were accused of leaking confidential information about upcoming mergers to family members in a trading scheme that...
30 Nov 2010
A U.S.-Israeli exploration group led by Texas-based Noble Energy has found indications of natural gas at the Leviathan prospect in the eastern Mediterranean...
30 Nov 2010
AGF Management Ltd said it is buying privately held Acuity Funds Ltd for C$325 million...
30 Nov 2010
EU regulators opened a formal investigation into Google on Tuesday, putting pressure on the world's top Internet search engine to offer concessions to settle antitrust complaints and avert a...
30 Nov 2010
Google Inc is close to a deal to buy local advertising website Groupon Inc in what could be the Internet giant's biggest acquisition to date, two media reports said on Tuesday, citing unnamed sources...
30 Nov 2010
China is to cut the retail price of many medicines by an average of 19 percent from Dec. 12 in a bid to rein in the country's rising healthcare bill, the Chinese National Development and Reform Commission said...
30 Nov 2010
Swiss engineering group ABB is to buy Baldor Electric Co for $3.1 billion...
30 Nov 2010
A unit of Lehman Brothers Holdings Inc, which filed the largest U.S. bankruptcy, has sued Bank of America Corp and a Barclays Plc affiliate to stop the liquidation of $150 million (96 million pounds) of...
30 Nov 2010
Shares in Hochtief, Germany's largest construction group, rose on Tuesday after German markets regulator BaFin gave the go-ahead for Spanish group ACS's hostile takeover offer...
30 Nov 2010
Fear of losing staff and concern over placing themselves at a disadvantage to rivals is likely to scupper plans by Britain's top banks to set a formal pact whereby they all agree to curb their 2010 bonus packages...
30 Nov 2010
Mounting bad loans, competition for funds and exposure to wobbly Portugal make Spain's banks a potential liability as the country fights to avoid an Ireland-style bailout...
30 Nov 2010
The debt crisis rocking the eurozone does not spell the end of the euro, Xinhua, China's official news agency, said in a commentary on Tuesday...
30 Nov 2010
French President Nicolas Sarkozy rejected conditions set by Qatar for its participation in a planned capital increase by French nuclear reactor maker Areva...
29 Nov 2010
China approved the country's first mutual fund that bets on gold prices, as inflation fears fuel demand for the precious metal...
29 Nov 2010
The U.S. futures regulator intends to unveil its long-awaited, revised plan to limit speculative positions held by commodity traders on Dec. 16, a source with...
29 Nov 2010
Cavco Industries Inc, a builder of manufactured homes, said on Monday it would lead a deal to acquire the business of ailing rival Palm Harbor Homes Inc...
29 Nov 2010
A federal watchdog is investigating whether a senior Securities and Exchange Commission official bungled an examination associated with a "major" investment...
29 Nov 2010
The U.S. Department of Labor on Monday proposed a rule that will require employers to provide more information to their employees about the role of "target date" mutual funds in retirement plans...
29 Nov 2010
The Supreme Court said on Monday that it rejected an appeal by Tiffany & Co arguing that eBay Inc should be held liable for trademark infringement for selling counterfeit goods on its website...
29 Nov 2010
UCI International said it filed with the U.S. regulator to withdraw its IPO...
29 Nov 2010
Drugmaker GlaxoSmithKline confirmed plans to invest 500 million pounds after the government announced a new lower 10 percent tax rate on profits from newly commercialised patents on Monday...
29 Nov 2010
Chinese group Xinmao said it had financing for its proposed 1 billion euro ($1.3 billion) offer for Draka, keeping alive prospects of a bid battle for the Dutch cablemaker...
29 Nov 2010
Canada's No. 3 oil producer and refiner Husky Energy Inc agreed to buy oil and gas properties in Alberta and northeast British Columbia from ExxonMobil Canada for $860 million to boost its...
29 Nov 2010
Johnson & Johnson (J&J) must pay former Swiss partner Basilea about $130 million for breaching a licence agreement for a superbug antibiotic, a Dutch arbitration tribunal has ruled...
29 Nov 2010
Russia's Norilsk Nickel plans to sell off most of its majority stake in platinum and palladium company Stillwater Mining Co in a public offering, driving down the...
29 Nov 2010
Former Merrill Lynch-owned lender First Republic Bank filed with U.S. regulators on Monday to raise up to $280 million in an initial public offering of common stock...
29 Nov 2010
An energy exploration unit of Israel Land Development that went public last week in Tel Aviv is optimistic it will find large natural gas reserves at its offshore sites, company officials said...
29 Nov 2010
The European Parliament is calling for tight curbs on abusive trading linked to government debt, in a bid to ease pressures on cash-strapped economies, a document released on Monday showed...
29 Nov 2010
Two initial public offerings worth $2.8 billion were launched in Hong Kong on Monday, reflecting renewed confidence in the world's hottest IPO market, even as the float of...
29 Nov 2010
Wal-Mart made a $2.3 billion formal bid for control of Massmart, giving the world's largest retailer a substantial presence in South Africa and paving the way for further expansion across the fast-growing continent...
29 Nov 2010
Hyundai Group signed a $4.8 billion preliminary deal to buy South Korea's top contractor Hyundai Engineering & Construction Co Ltd on Monday, but shares of Hyundai Group companies and those of...
29 Nov 2010
BP said it had agreed to sell its stake in Pan American Energy to Bridas Corp...
29 Nov 2010
A panel representing most of the creditors of Kuwait's Investment Dar, which owns half of British luxury carmaker Aston Martin, has resigned after a dispute over a restructuring plan...
29 Nov 2010
Australia's government intends to wrap up an agreement next year on pricing carbon, Prime Minister Julia Gillard said on Monday, testing the strength of her minority rule and pressing the accelerator on...
29 Nov 2010
The Tel Aviv Stock Exchange said on Monday it halted trade in shares of several Israeli oil and gas exploration companies pending an announcement concerning a "significant event"...
28 Nov 2010
Japanese imports of rare earths slumped in October from the month before, finance ministry data showed on Monday, as China's de-facto ban on shipments of the minerals that had been in place...
28 Nov 2010
South Korea's National Pension Service (NPS) said on Monday that it expects to invest an additional 9.9 trillion won ($8.58 billion) in foreign stocks and other assets next year...
28 Nov 2010
Australia's competition regulator plans to take court action to prevent grocery wholesaler Metcash from buying the Franklin grocery chain in Australia from South Africa's Pick n Pay, Metcash said on Monday...
28 Nov 2010
Companies sitting on a global cash pile of about $4.3 trillion are set to fuel a pick-up in takeover deals and handouts to shareholders, providing a prop for equity markets in an uneven economic recovery...
28 Nov 2010
The emirate of Dubai may consider selling parts of government-owned companies as it continues to restructure those hit hard by the financial crisis...
28 Nov 2010
Nigeria's anti-corruption police have raided the offices of the U.S. oilfield services group Halliburton and arrested 12 people in a bribery case involving the former Halliburton unit KBR Inc...
28 Nov 2010
Talks between the United Arab Emirates and Canada over flight rights have been "exhausted", the Gulf state's economy minister said on Saturday, ratcheting up their diplomatic confrontation over the issue...
26 Nov 2010
European officials denied "absolutely false" reports Portugal was under pressure to seek a bailout and Spain ruled out on Friday needing help to manage its finances, despite fears of a spreading euro debt crisis...
26 Nov 2010
HSBC, Europe's biggest lender, said the head of its British division was to be global head of retail banking and wealth management activities, a new role aimed at bolstering its wealth management operations...
26 Nov 2010
Genzyme, resisting a hostile bid from Sanofi-Aventis, is open to a deal that links its value to the success of key drug Campath, the U.S. biotech's chief executive was quoted as saying...
26 Nov 2010
Minsheng Banking Corp is prepared to support Xinmao Group's 1 billion euro ($1.3 billion) bid for Dutch cable maker Draka , a source aid, a move highlighting the seriousness of the little known Chinese company...
25 Nov 2010
POSCO and KT agreed to join a consortium led by Woori Finance Holdings for a $6 billion plus stake in the group that is up for sale, a source told Reuters...
25 Nov 2010
Australia's Senate passed laws on Friday to force dominant phone company Telstra Corp. to structurally separate, underpinning the government's plans for a $35.7 ($35 billion) billion National Broadband Network...
25 Nov 2010
Country A is drowning. A catastrophic recession has thrown a tenth of its workforce out of jobs in just two years. Firms are shutting, banks are barely solvent and the IMF has...
25 Nov 2010
Del Monte Foods Co agreed to be bought by a group led by KKR...
25 Nov 2010
The Dutch government said it saw no issues with Xinmao Group's bid for cable maker Draka Holding NV as the offer's endorsement from the city of Tianjin hinted at possible wider Chinese state support...
25 Nov 2010
Abu Dhabi Commercial Bank said on Thursday it was suing Credit Suisse for selling it an investment in an unacceptable way and failing to disclose conflicts of interest...
25 Nov 2010
Japan's Otsuka Holdings set a tentative IPO price range on Thursday whose lower end was 17 percent weaker than its initial reference price, but it was still seeking to raise as much as $2.7 billion in the biggest debut by a drug firm...
25 Nov 2010
India's reputation as a place to do business took another hit after the scandal-tainted government charged top public sector bankers of accepting bribes worth hundreds of millions of dollars...
24 Nov 2010
Bund futures opened lower on Wednesday, pausing after a strong rally in the previous session and before a 10-year German debt auction, but with little end in sight to the...
24 Nov 2010
Osum Oil Sands Corp, a small privately owned oil sands development company, said on Wednesday it will sell C$100 million ($99 million) worth of its shares to Korea Investment Corp...
24 Nov 2010
A new Islamic liquidity management company backed by central banks will provide sound tools to the industry to manage cash, of which regulators will force banks to...
24 Nov 2010
The world's so-called currency war could have a silver lining for Latin America as it pushes countries to reform their economies by overhauling tax codes, cutting tariffs and snipping red tape...
24 Nov 2010
Plans for a dual listing this year of state-controlled Tunisie Telecom were delayed to the first quarter of next year to allow time for the completion of procedures...
24 Nov 2010
India's federal investigating agency said on Wednesday it had arrested at least eight officials from banks and financial institutions on charges of taking bribes to grant large corporate loans...
24 Nov 2010
Citigroup will pay the U.S. state of Hawaii as much as $1.1 billion to settle a dispute over the state's purchase of auction rate securities that resulted in losses, Hawaii's attorney general said...
24 Nov 2010
Tighter regulation should be imposed on trade in oil-based financial instruments to curb volatility in oil prices, OPEC's Secretary-General Abdullah al-Badri told the Financial Times...
24 Nov 2010
China's foreign exchange regulator has granted Shanghai's government a $3 billion quota for a pilot programme that will allow other currencies to be converted into yuan for...
24 Nov 2010
FBI raids on hedge funds were a sign that prosecutors feared evidence in a widening insider trading probe could be destroyed, but the dramatic daytime searches may also have been intended to shake...
24 Nov 2010
Abu Dhabi investment vehicle Aabar made a $30 million profit on the sale of its stake in Banco Santander as it continues seek opportunisties to realise returns, its chairman said on Wednesday...
24 Nov 2010
Hana Financial Group said on Wednesday it will buy a 51 percent stake in Korea Exchange Bank for up to 4.75 trillion won ($4.1 billion) cash, seeking to shut the door on rival bidder ANZ...
24 Nov 2010
SAP AG must pay Oracle Corp $1.3 billion for software theft in a jury verdict that could be the largest-ever for copyright infringement...
24 Nov 2010
Wellington Management Co received a request for documents from federal investigators looking into insider trading...
24 Nov 2010
Cerberus Capital Management is on the lookout for buyers for auto lender Chrysler Financial, which it acquired as part of a Chrysler LLC buyout deal in 2007...
23 Nov 2010
Japanese trading house Sojitz Corp said it would forge a rare earth procurement deal with Australian miner Lynas Corp, underscoring a move by Japan to reduce its reliance on China for the crucial minerals...
23 Nov 2010
North Korea's shelling on Tuesday of an island belonging to its southern neighbor hasn't spread alarm among foreign investors who say they have seen this kind of tension before...
23 Nov 2010
Jacob "Kobi" Alexander, the fugitive former chief executive of Comverse Technology Inc agreed to pay $53.6 million to resolve U.S. government litigation over the backdating of stock options...
23 Nov 2010
Britain said on Tuesday it was backing a study of how high-frequency trading (HFT) may shape London as a financial centre over the next decade...
23 Nov 2010
Pipeline company Kinder Morgan Inc, which was taken private in a...
23 Nov 2010
J Crew Group Inc said on Tuesday that it had agreed to be bought out...
23 Nov 2010
Private equity firm Blackstone Group lost its $602 million bid to buy power producer Dynegy Inc after failing to win shareholder support in the face of opposition from the two largest shareholders...
23 Nov 2010
Ireland's banks are up for sale, the country's central bank chief said, as the government seeks to cut them down in size after their reckless lending forced the country to seek an international bailout...
23 Nov 2010
Saudi investment firm Kingdom Holding and its chairman Prince Alwaleed bin Talal have subscribed $500 million in General Motors' initial public offering (IPO), Kingdom Holding said on Tuesday...
23 Nov 2010
When New York Attorney General Andrew Cuomo announced...
23 Nov 2010
A new global Islamic liquidity management corporation backed by central banks will start issuing Islamic bonds next year to help Islamic banks manage their liquidity...
23 Nov 2010
Thailand's PTT Exploration and Production is to buy 40 percent of Statoil's...
23 Nov 2010
Britain said on Tuesday it would cap the number of skilled migrant workers it allows from outside the European Union at 21,700 a year, a cut of more than a fifth from 2009 levels...
23 Nov 2010
French property group Gecina has acquired 440 million euros ($604 million) of offices near Paris, as part of plans to grow its office portfolio to 9 billion euros by 2014, from 5.5 billion...
23 Nov 2010
Poland's new energy law is saddling foreign utilities with higher costs and making it more difficult for them to trade, a situation that threatens to crimp development of the Polish power market, utility traders say...
23 Nov 2010
Harbin Electric Inc's chief executive ended an exclusive financing agreement with a private equity firm to take the company private, raising concerns over the deal and...
23 Nov 2010
Ecuador and foreign oil operators entered the final stage of contract negotiations on Monday, but at least one firm, Brazil's Petrobras, balked at the terms on offer and looked set to halt production in the country...
23 Nov 2010
Brazil's state-run development bank BNDES is working with the government on a series of measures to stimulate more private-sector lending and bolster local capital markets...
22 Nov 2010
The three hedge funds raided by U.S. authorities on Monday have faced investor outflows or seen some high profile staff departures in the past year...
22 Nov 2010
The FBI raided three hedge funds as part of a widening probe into suspected insider trading in the $1.7 trillion hedge fund industry...
22 Nov 2010
Medical device maker Medtronic Inc said on Monday it has agreed to buy privately-held Ardian Inc -- a developer of a hot, new catheter-based therapy to treat...
22 Nov 2010
Hana Financial Group Inc is set to clinch a deal to buy a 51 percent stake in Korea Exchange Bank worth about $4.1 billion, a source said, marking a setback for rival suitor Australia and New Zealand Banking Group...
22 Nov 2010
China Mobile , China's largest mobile carrier, said its total mobile subscribers in October increased to 575 million, including about 17 million 3G subscribers...
22 Nov 2010
A unit of China National Petroleum Corp (CNPC) is set to begin in 2011 a $6 billion expansion project at Cuba's Cienfuegos refinery in one of the biggest investments ever on the communist-led island...
22 Nov 2010
Shrinking European demand and rising protectionism are leading Chinese firms to turn to domestic markets, the head of Fosun International, China's largest private conglomerate, said on Monday...
22 Nov 2010
Bailed-out insurer AIG has put its rail-car unit up for sale, though trade buyers are complaining of being excluded from the auction, the Wall Street Journal reported...
22 Nov 2010
A panel of European Union lawmakers backed moves on Monday to centralise supervision of credit rating agencies and increase competition in a sector dominated by...
22 Nov 2010
Canada's Shoppers Drug Mart faces a proposed C$1 billion ($980 million) class-action lawsuit filed by two of the drugstore chain's owner-operators, the company said...
22 Nov 2010
German fertilizer producer K+S AG is buying Canada's Potash One for C$434 million...
22 Nov 2010
New U.S. health insurance spending rules aimed at ensuring more customer dollars go toward medical care were finalized on Monday, ending a source of uncertainty for investors in the sector...
22 Nov 2010
India-focused oil and gas firm Jubilant Energy said it will raise $85 million through an initial public offering to fund future exploration and the development of its assets in the energy-hungry country...
22 Nov 2010
The new Basel III banking rules will leave the biggest U.S. banks short of between $100 billion and $150 billion in equity capital, with 90 per cent of the shortfall concentrated in the top six banks...
22 Nov 2010
Software provider Novell Inc said it agreed to be bought by Attachmate Corp for...
22 Nov 2010
There has never been anything quite like Kenneth Feinberg's $20 billion...
22 Nov 2010
Federal authorities may file a series of insider trading cases against hedge fund traders, consultants and Wall Street bankers within weeks...
22 Nov 2010
Britain plans to commit around 7 billion pounds ($11.2 billion) to help neighbor Ireland resolve its financial crisis, Finance Minister George Osborne said on Monday...
22 Nov 2010
Orascom Telecom has sold its 50 percent stake in Tunisian mobile operator Tunisiana to a Qatari-Tunisian consortium for $1.2 billion, a deal that will help repay Orascom's debts...
22 Nov 2010
UAE handset retailer Axiom Telecom said on Sunday it expects to debut on Nasdaq Dubai in early December with a market value of up to $1 billion after selling up to a third of its shares to institutional investors...
22 Nov 2010
The world's low carbon energy market is expected to treble in a decade, and analysts say major economies including Japan, the United States and China will be jostling for a slice of the market likely to be worth $2.2 trillion by 2020...
22 Nov 2010
Enginemaker Rolls-Royce said on Monday it had won a $1.8 billion (£1.12 billion) order from Air China to provide engines to power 20 new aircraft, its second major order from China this month.
22 Nov 2010
The remaining half of Orascom Telecom's Tunisian operation has been sold to a consortium involving Qatar Telecom's Kuwaiti unit Wataniya for $1.2 billion...
22 Nov 2010
Some of China's top trust companies have halted property-related lending and investment following a regulatory order...
22 Nov 2010
The Chinese authorities have shelved the so-called mini-QFII scheme after the United States started a second round of quantitative easing, to limit further hot money inflows, the Singtao Daily reported on Monday…
21 Nov 2010
Tesco, the world's No.3 retailer, plans to quadruple revenue in China to about 4 billion pounds over the next five years by more than doubling its number of hypermarkets to more than 200...
21 Nov 2010
The European Union's bailout of Ireland may give short-term relief to markets, but despite euro zone hopes, may not prevent markets from pushing Portugal to get EU assistance too, unless a more general solution is found soon...
21 Nov 2010
Federal authorities may file a series of insider trading cases against hedge fund traders, consultants and Wall Street bankers within weeks, several lawyers familiar with the situation said...
21 Nov 2010
Turkmenistan has won support from its Caspian neighbours to lay a pipeline under the sea and become a major gas supplier to Europe, a senior official said on Friday, boosting plans for the EU-backed Nabucco project...
21 Nov 2010
China should tighten monetary policy to staunch liquidity, and more measures should follow next year, an advisor to the central bank said in remarks published late on Saturday...
21 Nov 2010
BP Plc had said for months it would pay all legitimate damages for the largest oil spill in U.S. history, but now it's fighting a bid to legally force it to waive a $75 million statutory cap...
21 Nov 2010
Casino company Harrah's Entertainment Inc folded on a planned $500 million initial public offering on Friday, raising questions about the the fate of other private equity-backed companies waiting to list in the United States...
21 Nov 2010
Kazakhstan reiterated on Friday it will revise production sharing agreements (PSAs) with foreign energy majors, shortly after accusing Italian Eni's unit Agip of a $110-million fraud in the nation's largest oil project, Kashagan...
21 Nov 2010
A pair of international oil firms are set to reject new contracts offered by Ecuador's government as part of the OPEC member's bid to increase state revenue from the sector...
20 Nov 2010
Wells Fargo & Co will pay Citigroup Inc $100 million to settle multiple lawsuits over the contentious 2008 purchase of Wachovia Corp, closing another chapter in the receding financial crisis...
19 Nov 2010
BP Plc won't object to a court order legally binding the company to waive a $75 million statutory cap on damages for the largest oil spill in U.S. history, the company said on Friday...
19 Nov 2010
Canadian securities regulators put forward a set of proposals on Friday that would make the disclosure of executive compensation clearer and more transparent, saying the...
19 Nov 2010
Regulators moved on Friday to bring more transparency to the sprawling derivatives market, hedge funds and private equity, all dimly lit corners of the financial world getting more scrutiny...
19 Nov 2010
A former Societe Generale trader, who surprisingly admitted at trial that it was wrong for him to have copied the French bank's speed-trading computer code, was convicted of...
19 Nov 2010
The top U.S. securities regulator on Friday began sketching out how it will track trading in the roughly $600 trillion over-the-counter derivatives, part of a move to shed light on...
19 Nov 2010
The securities regulator on Friday started sketching out how the market will start receiving "real-time" information about trading in the roughly $600 trillion over-the-counter derivatives market...
19 Nov 2010
China's central bank said on Friday it will raise banks' reserve requirements for the second time in two weeks, stepping up its battle to rein in prices before inflation has a chance to take off...
19 Nov 2010
Hedge funds and private equity funds would be subject to supervision under a...
19 Nov 2010
Canadian regulators unveiled proposed rules on Friday for the trading of "dark liquidity" on the country's stock venues they say will foster transparency and fair access to liquidity...
19 Nov 2010
The following are highlights from a U.S. Commodity Futures Trading Commission hearing on Friday on new regulations for over-the-counter derivatives markets...
18 Nov 2010
Two members of imprisoned financier Bernard Madoff's inner circle were arrested on charges of conspiring in the largest financial fraud in history and...
18 Nov 2010
Canadian regulators are proposing single-stock circuit breakers that would halt trading for rapid, intense and unexplained share moves...
18 Nov 2010
U.S.-based Walter Energy Inc is in talks to buy Canadian peer Western Coal...
18 Nov 2010
U.S.-based Walter Energy Inc is in talks to buy Canadian peer Western Coal Corp for $3.24 billion to tap surging Asian demand for steelmaking coal...
18 Nov 2010
Steven Rattner, the former Obama administration auto industry czar...
18 Nov 2010
The owner of the Charlie Brown's Steakhouse restaurant chain filed for bankruptcy, squeezed by a fall-off in consumer spending and rising food costs, according to court documents...
18 Nov 2010
Britain's accounting policeman has warned company audit committees ahead of the annual reporting season to spell out risks from big cuts in public spending...
18 Nov 2010
A Blackstone-led quartet and two rival teams are readying bids for ISS, the $7 billion Danish cleaning giant, people familiar with the matter said, as what could be...
18 Nov 2010
U.S. marketing services provider Vertis Holdings Inc filed for bankruptcy for...
18 Nov 2010
Drug wholesaler Cardinal Health Inc plans to buy privately held Kinray Inc for...
18 Nov 2010
South Korea plans to re-introduce a withholding tax on foreigners' local bond investments, a finance ministry official said on Thursday, as part of efforts to...
18 Nov 2010
Inflation in China will level off slightly above 3 percent as rising import prices offset a likely decline in food price inflation, the OECD said on Thursday...
18 Nov 2010
Just days after releasing Nobel laureate Aung San Suu Kyi from house arrest, Myanmar's military rulers have a message for investors with a steely appetite for risk: their isolated country is open for business...
18 Nov 2010
Big buyout firms are dipping into the mid-market to find new European deals, according to research from M&A adviser DC Advisory Partners, after the credit crisis choked off their supply of credit...
18 Nov 2010
Ireland may have to raise its corporate tax rate as part of efforts to improve its finances but not so much as to drive away investors and deepen debt problems, French Economy Minister Christine Lagarde said on Thursday...
18 Nov 2010
Privately held commodities group Glencore is considering listing in the first half of next year, sources close to the situation said on Thursday, an IPO that could raise around 10 billion pounds...
18 Nov 2010
The plight of Ireland's banks has cast doubt over how far stress tests can uncover skeletons that come to light once confidence ebbs from banks and highlights the...
18 Nov 2010
U.S. biotechnology company Genzyme Corp will sell its diagnostics business to Japan's Sekisui Chemical for $265 million, one of three units it designated for sale in a bid to shore up investor confidence...
17 Nov 2010
A congressional panel on Wednesday delayed its final report on the causes and impact of the financial crisis to early next year to ensure its probe is "appropriately completed”...
17 Nov 2010
Barnes & Noble Inc shareholders voted overwhelmingly in favor of ratifying a "poison pill" put in place last year to ward off any potential takeover by dissident shareholder Ron Burkle...
17 Nov 2010
The South Korean government on Wednesday unveiled proposed legislation governing its carbon emissions trading scheme...
17 Nov 2010
General Motors Co pulled off the biggest initial public offering in U.S. history on Wednesday, raising $20.1 billion after pricing shares at the top of the proposed range in...
17 Nov 2010
UBS AG has agreed to pay $100,000 to settle charges in Massachusetts that it failed to disclose that it traded favors like high-end office space in exchange for hedge funds' business...
17 Nov 2010
Federal Reserve officials said on Wednesday the U.S. central bank is likely to follow through on its entire $600 billion bond buying program based on an anticipated weak economic recovery...
17 Nov 2010
Bank of America Corp was ordered by a U.S. judge to return $500 million of deposits it seized from Lehman Brothers Holdings Inc shortly after Lehman's bankruptcy...
17 Nov 2010
China's government has not yet approved state-run automaker SAIC's plans to take a stake in General Motors Co, making it uncertain whether the deal can be completed as...
17 Nov 2010
Ireland is likely to adopt a two-step plan to shore up its banks if it accepts an European-IMF bailout, focusing first on stabilising their funding and then stress-testing them to gauge capital needs...
17 Nov 2010
The European Union will make it harder for banks to seek state aid next year, EU Competition Commission Joaquin Almunia said on Wednesday...
17 Nov 2010
The Federal Reserve on Wednesday gave banks 45 days to comment on a proposed rule to implement provisions of the Dodd-Frank regulatory bill that blocks banks from proprietary trading...
17 Nov 2010
European Union regulators look set to bow to insurance industry demands for more time to adjust to new solvency rules, with the head of the EU's insurance watchdog...
17 Nov 2010
Mother and baby goods retailer Mothercare Plc said investors were underestimating its overseas growth potential as it posted a 22 percent rise in first-half profit...
17 Nov 2010
Bank of England policymakers split three ways for a second month running in November, with one member wanting more stimulus, another voting for a rate hike and the majority freezing policy and...
17 Nov 2010
Euro zone ministers have agreed to send a joint European-IMF mission to Ireland that could prepare the way for a bailout to prevent its debt crisis destabilizing the euro zone...
17 Nov 2010
AIA Group Ltd has lost a key official less than three weeks after its parent American International Group Inc raised $20.5 billion in an initial public offering (IPO) of the unit...
16 Nov 2010
A shareholder filed a lawsuit to block the proposed acquisition of Atlas Energy Inc by Chevron Corp, alleging the $3.2 billion deal was "intrinsically unfair" to shareholders...
16 Nov 2010
China will restrict hot money inflows disguised as foreign direct investment, Commerce Ministry spokesman Yao Jian said on Tuesday...
16 Nov 2010
U.S. tax authorities have withdrawn a summons against UBS aimed at getting data on the bank's U.S. clients, the Swiss government said, putting an end to a tax row that had...
16 Nov 2010
Chinese Premier Wen Jiabao has said his government is preparing steps to tame price rises, adding his voice to official efforts to reassure consumers irked by a rapid rise in the price of food...
16 Nov 2010
Top Swiss bank UBS said it could lose about 10 percent of its European client assets due to tax deals between Switzerland and other countries, as it confirmed ambitious medium-term goals...
16 Nov 2010
Indian and Russian companies may follow China's lead in doing overseas deals to help grow their automotive industries, Meyrick Cox of Moelis & Co told the Reuters Global Autos Summit on Tuesday...
16 Nov 2010
Banco do Brasil, Latin America's largest bank by assets, is considering one potential acquisition in the United States, Chief Financial Officer Ivan Monteiro said...
16 Nov 2010
Network equipment maker Juniper Networks Inc plans to buy Trapeze Networks...
16 Nov 2010
If two's a trend, expect more management/private equity buyouts of U.S.-listed Chinese companies -- taking advantage of big discounts to peers on the Hong Kong and Chinese stock markets...
16 Nov 2010
A group of institutional investors, who lost heavily in June 2006 when EADS's share price collapsed, will file a civil suit against the company over the way it announced production delays on the A380 project...
16 Nov 2010
European Union banking supervisors plan a repeat of this year's region-wide stress testing of banks with results due next June, a top regulator said on Tuesday...
16 Nov 2010
Strong investor demand has driven the price range of GM's IPO to between...
16 Nov 2010
Australia's plan to tighten regulation of banks to encourage competition and keep mortgage rates down has infuriated both sides of the political aisle...
16 Nov 2010
German airport operator Fraport would be interested in investing in Greece's Athens airport and some British airports to complement its emerging markets portfolio, one of its senior directors said...
15 Nov 2010
Geneva-based Mercuria, one of the world's top five independent energy traders, said on Tuesday that it has bought a coal concession in southeastern Kalimantan, its first coal asset in Indonesia...
15 Nov 2010
The sale of TPG Capital, Newbridge and General Atlantic's stake in the world's No.4 PC brand Lenovo Group Ltd has been priced at HK$5.451 per share, a source said on Tuesday...
15 Nov 2010
Hana Financial Group said on Tuesday it would decide by next week whether to buy a controlling stake in Korea Exchange Bank...
15 Nov 2010
Canada and Qatar have signed an air services agreement that will allow direct scheduled flights between the two countries for the first time, Canadian officials said on Monday...
15 Nov 2010
U.S. private equity firm Lone Star Funds plans to sell its 51 percent stake in Korea Exchange Bank to Hana Financial Group Inc...
15 Nov 2010
China Specialty Glass plans to float in Frankfurt by the year-end, becoming the latest of a handful of Chinese companies to favour a listing in Germany...
15 Nov 2010
Heavy equipment maker Caterpillar Inc set the largest deal in its history on Monday, saying it would buy Bucyrus International Inc for $7.6 billion to expand in mining...
15 Nov 2010
EMC Corp, the biggest maker of corporate data storage equipment, plans to buy Isilon...
15 Nov 2010
Google Inc on Monday urged Western nations to challenge a growing list of Internet restrictions in China and around the world as a violation of global trade rules and to negotiate new trade deals to...
15 Nov 2010
Private equity firm Blackstone Group went on the offensive in its $543 million bid for Dynegy Inc, criticizing activist shareholders who have opposed its offer for the struggling power company...
15 Nov 2010
French retailer Casino is buying the Thai stores of rival Carrefour for 868 million euros ($1.2 billion), including debt, to step up the challenge to Britain's Tesco in the fast-growing southeast Asian country...
15 Nov 2010
Six companies have applied to become Syria's third cellphone operator, a telecom official said, in the first stage of an auction that will test the state's ability to award contracts according to international standards...
15 Nov 2010
Spain does not need any "Plan B" or further tax hikes to reach its deficit targets, Secretary of State for the Economy Jose Manuel Campa said on Monday...
15 Nov 2010
MUFG raised its full-year profit forecast by a quarter and said it is buying project-finance assets from Royal Bank of Scotland worth 3.8 billion pounds ($6.1 billion), expanding its overseas reach as...
15 Nov 2010
Top global miner BHP Billiton scrapped its $39 billion (£24.2 billion) bid for Potash...
15 Nov 2010
India's top court on Monday directed Vodafone to deposit 25 billion rupees (£341.6 million) within three weeks in relation to the $2.5 billion (£1.55 billion) tax dispute, a Vodafone spokesman said...
15 Nov 2010
Australian wealth manager AMP and French insurer AXA SA launched a new $13.1 billion-plus bid for AXA Asia Pacific, a move set to challenge banks' domination of the world's fourth-largest wealth market down under...
14 Nov 2010
The Dutch government has approached India on behalf of Vodafone's Netherlands unit to settle a three-year-old tax dispute involving a 110-billion-rupee claim...
14 Nov 2010
Goldman Sachs Group has hit a snag in its efforts to win government approval to pay back a $5 billion investment from Warren Buffett's Berkshire Hathaway Inc...
14 Nov 2010
Canada, which stunned markets by blocking a bid from Anglo-Australian firm BHP Billiton for Potash Corp, will soon reveal what kind of foreign investment it...
13 Nov 2010
Asia Pacific leaders will agree in their summit statement to refrain from competitive currency devaluations and move toward more market-determined foreign exchange systems...
12 Nov 2010
Whistleblowers who turn in false information in pursuit of rewards under a new federal program could face criminal prosecution, the U.S. attorney for Manhattan said on Friday...
12 Nov 2010
Website Daily Beast and magazine Newsweek have agreed a deal to combine, Daily Beast co-founder and editor Tina Brown said, just weeks after abandoning merger talks...
12 Nov 2010
Tribune Co creditors asked a Delaware judge to let them try to recover millions of dollars awarded to insiders in the year prior to the media company's bankruptcy, saying they can do a better job than Tribune can...
12 Nov 2010
Billionaire investor Carl Icahn said he would vote against Blackstone Group's proposal to buy Dynegy Inc and would offer a $2 billion line of credit to the struggling power company...
12 Nov 2010
China plans to limit foreigners from investing in its already speculative real estate sector, the official Securities Times reported on Friday...
12 Nov 2010
Japanese drugmaker Otsuka Holdings plans to sell about $2.8 billion worth of shares in December, marking the world's largest initial public offering in the pharmaceuticals sector...
11 Nov 2010
One in six European insurance companies said new industry capital adequacy rules were a contributory factor in a decision to stop investing in private real estate funds altogether, a survey showed...
11 Nov 2010
Lenders snarled in the legal thicket over shoddy U.S. foreclosure procedures have so far avoided national class action lawsuits from homeowners, largely because...
11 Nov 2010
Few large institutional investors are likely to take advantage of pending rules giving them more power to nominate company directors, legal and investor experts said...
11 Nov 2010
Apache Corp has completed its acquisition of operator Mariner Energy Inc...
11 Nov 2010
Brazil's Embraer, the world's largest maker of regional aircraft, is building a business jet assembly facility in Melbourne, Florida, the company's first manufacturing plant in the United States...
11 Nov 2010
Gas Natural said on Wednesday a Swiss court has placed a temporary block on an arbitrator's ruling in favour of its Algerian gas supplier Sonatrach while it considers the Spanish group's appeal...
11 Nov 2010
General Electric Co, plans to invest $500 million in Brazil to build a research center and expand its operations in Latin America's largest economy...
11 Nov 2010
Bankers, hedge fund and investment managers and stockbrokers must...
11 Nov 2010
The U.S. Commodity Futures Trading Commission expects to unveil a series of draft rules within a month, including real-time reporting of swaps trades next week and...
11 Nov 2010
Citigroup Inc sold a $1.4 billion portfolio of multifamily and commercial real estate loans to OneWest Bank on Thursday, as the larger bank continued to shed assets it...
11 Nov 2010
A U.S. court extended the period in which Innkeepers USA Trust has the exclusive right to file a reorganization plan to the end of January 2011...
11 Nov 2010
Viacom Inc's quarterly results topped Wall Street expectations, helped by its cable networks such as MTV, which benefited from the popularity of its hit show "Jersey Shore"...
11 Nov 2010
The European Parliament approved new rules on Thursday to regulate managers of hedge funds and private equity groups from 2013, but stopped short of the industry's worst fears...
11 Nov 2010
Spanish telecoms group Telefonica reported lower-than-expected nine-month net profit on Thursday, with a one-off gain from the revaluation of Brazilian unit Vivo helping to mask a lacklustre performance in Spain...
11 Nov 2010
Increasing investor demand for agricultural land and the funnelling of big money into farms is raising questions about whether small, family-sized operations can survive...
11 Nov 2010
Portugal's golden share in utility firm Energias de Portugal (EDP) is illegal, Europe's highest court ruled on Thursday as it backed the European Commission's drive to abolish such special rights...
11 Nov 2010
Japan's top bourse and financial regulator are considering rules to curb excessive short-selling by investors looking to profit by driving a stock down in the run-up to a share offering...
11 Nov 2010
Industrial and Commercial Bank of China (ICBC) plans to raise 45 billion yuan ($6.8 billion) through a rights share offering this month, capping an $80 billion fundraising boom by Chinese lenders to...
11 Nov 2010
From Australia to South Africa, governments are scrambling to change the law to accommodate the $1 trillion Islamic finance industry, whose avoidance of toxic debt has looked increasingly attractive since the global crisis...
11 Nov 2010
Shares of mid-sized Brazilian banks tumbled on Wednesday after Banco PanAmericano got an emergency cash injection to shore up its balance sheet, even as officials ruled out contagion to the banking system...
11 Nov 2010
A Finance Ministry advisory committee recommended on Wednesday to raise the government's take on oil and gas revenues in Israel, ending months of uncertainty and upsetting energy exploration companies...
11 Nov 2010
Cellcom, Israel's largest mobile phone operator, said on Wednesday it plans to petition Israel's High Court to halt a government decision to slash lucrative interconnect fees...
11 Nov 2010
Oman Telecommunications Co. (Omantel) will seek shareholder approval to serve as a guarantor to obtain funding for struggling Pakistani unit Worldcall...
10 Nov 2010
General Motors Co has confirmed that it dropped one of the proposed underwriters of its initial public offering due to an "unauthorized" email sent by an employee of the bank...
10 Nov 2010
Three core affiliates of Hyundai Motor Group will be the main members of a consortium bidding for a $2.5 billion-plus controlling stake in Hyundai Engineering & Construction, a source said on Thursday...
10 Nov 2010
A unit of Macquarie Group has increased to A$500 million ($502 million) and priced an issue backed by auto and equipment loans, it said on Thursday...
10 Nov 2010
China's central bank is likely to tighten monetary policy further to fight a flood of liquidity, Jiang Jianqing, the chairman of Industrial and Commercial Bank of China (ICBC), the world's largest lender, told Reuters...
10 Nov 2010
The U.S. futures regulator released proposals to govern the "back office" functions of swap dealers and other big players on Wednesday, but said more controversial elements for...
10 Nov 2010
ExpressJet Holdings Inc on Wednesday said its shareholders approved its proposed acquisition by rival SkyWest Inc, a deal that would make the combined carrier a top provider of...
10 Nov 2010
Charles Conaway, a former chief executive of Kmart Corp, agreed to pay $5.5 million to end a U.S. Securities and Exchange Commission lawsuit accusing him of...
10 Nov 2010
Banco PanAmericano's surprise decision to resort to a private bailout could be an early sign of troubles at other Brazilian banks stemming from the government's push to...
10 Nov 2010
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0530 GMT on Wednesday...
10 Nov 2010
Plans to impose extra safeguards on the world's top banks may be softened, a senior regulator signalled on Wednesday as world leaders gathered in Seoul to keep their regulatory reforms on track...
10 Nov 2010
The finance regulator wants stricter rules to govern the disclosure of salaries paid in the industry, as governments worldwide look for ways of clamping down on disproportionately high bankers' pay in...
10 Nov 2010
Volkswagen expects to pay 3.3 billion euros ($4.55 billion) to acquire Europe's largest independent auto dealer, Porsche Holding Salzburg, in a deal that is expected to close in the first half of 2011...
10 Nov 2010
U.S. mall operator General Growth Properties Inc, which emerged from bankruptcy on Tuesday, said it will reduce its outstanding obligations by $570 million and expects to initiate regular cash dividend...
10 Nov 2010
The structure and ownership of clearing houses for securities trading make little difference to the risks they pose to the broader financial system...
10 Nov 2010
The European Commission said on Wednesday it had approved the extension of an Irish bank gaurantee system until June 30 next year...
10 Nov 2010
Switzerland tightened its banking regulations on Wednesday, obliging the country's lenders to meet strict new standards a year ahead of their global peers on the capital they must...
10 Nov 2010
Australia's competition watchdog questioned on Wednesday whether Singapore Exchange's $8.2 billion takeover bid for Australia's ASX Ltd could stall the entry of...
10 Nov 2010
Plans to free up China's gold market are likely to boost imports of the precious metal to satisfy investor demand, putting the Middle Kingdom on course to eclipse India as the top global consumer in a few years...
10 Nov 2010
A shareholder of Kuwait's Zain said on Tuesday it was suing the telecoms carrier's management for failing to gauge the seriousness of Etisalat's offer to buy 46 percent of the company...
9 Nov 2010
China's central bank has ordered some banks to lift their required reserve ratios by 0.5 percentage point, in an apparent effort to curb rapid credit growth, three industry sources told Reuters on Wednesday...
9 Nov 2010
PetroChina and Royal Dutch Shell have agreed to jointly evaluate coalbed methane gas reserves in the Daning block in Erdos Basin in northern China, China Petroleum Daily reported on Wednesday...
9 Nov 2010
Cathay Pacific Airways Ltd said it is evaluating its options with regard to a decision by the European Commission to fine the Hong Kong carrier 57.12 million euros ($78.57 million) over a cargo price-fixing case...
9 Nov 2010
The U.S. Securities and Exchange Commission said it has extended the date for...
9 Nov 2010
General Growth Properties Inc said it has emerged from bankruptcy, 1-1/2 years after the second-largest U.S. mall owner became the nation's biggest real estate company to...
9 Nov 2010
Chevron Corp plans to buy U.S. natural gas producer Atlas Energy for $3.2 billion, becoming one of the last big oil companies to jump into the Marcellus shale field...
9 Nov 2010
State-owned Islamic Bank of Thailand has again delayed plans to issue the country's first Islamic bond, but it could come in the first half of 2011 if market conditions are favourable...
9 Nov 2010
Anglo-Swiss miner Xstrata Plc is looking for more iron ore acquisitions beyond its current takeover bid for Australia's Sphere Minerals, Xstrata's coal and iron ore division chief Peter Freyberg said...
9 Nov 2010
Alibaba Group, China's leading e-commerce company, is trying to engineer a management-led buyout of the 40 percent of the company held by Yahoo! Inc, a source with knowledge of the situation said...
9 Nov 2010
When Australian billionaire James Packer snapped up 18 percent of broadcaster Ten Network, the outlook for free-to-air television improved overnight -- as did the prospects for up to...
9 Nov 2010
Investment bank UBS and broker Liquidnet have entered new clearing arrangements with Swiss provider SIX x-clear to support their "dark pools", where...
9 Nov 2010
Two proposed regulations published by the U.S. Commodity Futures Trading Commission clarify its power to take enforcement action in cases of market manipulation and...
9 Nov 2010
Large banks would be required to pay more into the government fund used to cover the cost of seizing failed banks under a proposal approved by U.S. regulators...
9 Nov 2010
Lawsuits against banks over their mortgage lending and foreclosure practices continue...
9 Nov 2010
A U.S. regulator fined Goldman Sachs Group Inc $650,000 for being too slow to...
9 Nov 2010
Chevron Corp will buy U.S. natural gas producer Atlas Energy for $3.2 billion...
9 Nov 2010
Wall Street heavyweight Goldman Sachs and French rival Natixis settled a spat over credit default swaps (CDS) on Tuesday in a legal row that highlights a...
9 Nov 2010
The U.S. Federal Reserve Board said on Tuesday it is prohibiting Cascade Financial Corp. from paying dividends and ordered the firm to submit a plan to...
9 Nov 2010
China's banking regulator on Monday unveiled new rules governing the sale of insurance by banks as lenders get set to diversify into the area under recently relaxed rules...
9 Nov 2010
Primark owner Associated British Foods warned the sharp hike in cotton prices will hit margins at its discount fashion chain as it beat forecasts with a 25 percent rise in full-year earnings...
9 Nov 2010
The Royal Bank of Scotland Group Plc on Tuesday said it has received approval to set up a Chinese securities joint venture, moving a step closer to the coveted ability to underwrite stocks and bonds in China's fast-growing financial market...
9 Nov 2010
Vienna Insurance Group, said demand from emerging Europe for life products will help it meet its next year targets, and said it was considering issuing a ($695 million) subordinated bond...
9 Nov 2010
General Motors Co will end a 36-year run for its familiar Goodwrench brand name for services at its U.S. dealerships by Feb. 1 of next year, the automaker said on Monday...
9 Nov 2010
Egypt's Orascom Telecom may seek international arbitration to end a dispute with Algeria that is holding up its $6.6 billion plan to sell assets to Russia's Vimpelcom...
9 Nov 2010
Bond insurer Ambac Financial Group Inc has sued the United States to block seizure of $700 million of tax refunds that it said could destroy its ability to reorganize in bankruptcy court...
9 Nov 2010
The Chinese government is drafting rules that would allow provincial authorities to directly intervene in real estate transactions to keep home prices low, the SEC...
8 Nov 2010
Vietnam's state-owned Petro Vietnam Gas Corp (PV Gas) has launched an auction to sell a 15-20 percent stake to raise about $600 million, with a source directly involved saying private equity firms are expected to show interest in the sale...
8 Nov 2010
Rajiv Goel, a key cooperating witness in the government's criminal insider-trading case against Galleon Group hedge fund founder Raj Rajaratnam, has agreed to...
8 Nov 2010
The captains of Wall Street on Monday pleaded for patience and moderation as the U.S. government implements the most sweeping reforms of the financial system since the 1930s...
8 Nov 2010
Larry Ellison, Oracle Corp's outspoken chief, charged that German arch-rival SAP AG stole billions of dollars of his company's copyrighted software...
8 Nov 2010
The U.S. Securities and Exchange Commission will take further steps to...
8 Nov 2010
French investment bank Natixis is due to clash with Wall Street heavyweight Goldman Sachs in a British court on Tuesday over a credit derivatives deal which Natixis wants scrapped...
8 Nov 2010
Ireland unveiled a new corporate governance code for banks and insurers on Monday to bring 'fresh blood' into boardrooms and prevent a repeat of the excessive risk-taking that...
8 Nov 2010
Big European utilities can relax as impending regulation will be shaped so that their own hedging will not be treated the same as speculative trading by financial companies...
8 Nov 2010
Aluminium Bahrain priced initial public share offer at the bottom of the indicated range, having attracted just enough demand for all the shares offered by...
8 Nov 2010
Communications equipment maker Harris Corp will pay $397.5 million in...
8 Nov 2010
Britain's financial services regulator said it has received a complaint over plans for base metal exchange traded products, reflecting fears they could tip a finely balanced copper market into deficit and distort prices...
8 Nov 2010
Valvoline owner Ashland Inc said it would sell its distribution business to private equity firm TPG Capital for $930 million cash, news that sent Ashland shares up more than 8 percent...
8 Nov 2010
Eli Lilly & Co will buy privately held Avid Radiopharmaceuticals Inc to bolster its diagnostics capabilities, the companies said on Monday...
8 Nov 2010
Canada's IMRIS Inc, which makes magnetic resonance imaging systems...
8 Nov 2010
Royal Dutch Shell said it planned to sell almost a third of its 34 percent stake in...
8 Nov 2010
Hedge funds and private equity firms based in Asia face tough new rules on pay and leverage from a regulatory overhaul set to pass in Europe this week...
8 Nov 2010
Coal India will be added to the large cap segment of the MSCI Global Standard Indices effective from the close of Nov. 19, the index compiler said in a note on Monday...
8 Nov 2010
Crisis-hit fund manager Gartmore is seeking talks that could lead to a merger or sale as its star manager Roger Guy becomes the latest key figure to leave the embattled company, sparking a sell-off in its shares...
7 Nov 2010
China's expanding appetite for foreign iron ore, coal and grains will not be enough to lift the world's maritime industry out of its doldrums as it faces a flood of new vessels next year...
7 Nov 2010
Time Warner Cable will launch on Monday a service to allow subscribers to watch some of their favorite shows three days after they've originally aired as it aims to stay ahead of the...
7 Nov 2010
Soaring demand for Canadian real estate investment trusts has driven sales of new equity to pre-crisis levels, boosting bankers' paychecks but stirring fears the...
7 Nov 2010
A record two trillion yuan ($29.9 billion) worth of locked-up A-shares will be open to trade this week on the Shanghai and Shenzhen exchanges, which analysts said could raise the risk of sharp price swings...
5 Nov 2010
Several Citigroup Inc mortgage bond investors, including Charles Schwab Corp and hedge fund Cambridge Place Investment Management, have sued the bank over its...
5 Nov 2010
U.S. regulators may get the ammunition they need to impose new market rules when they meet an advisory panel on Friday to discuss the May 6 plunge that...
5 Nov 2010
The International Accounting Standards Board (IASB), whose rules are used in over 100 countries, launched a debate about its future on Friday, partly in a bid to bring the United States on board...
5 Nov 2010
AIG posted slight gains in its main insurance businesses in the third quarter, but the bailed-out company lost more than $2 billion from asset sales linked to its restructuring...
5 Nov 2010
Credit rating agencies may have to tell a country three days in advance if they plan to downgrade its sovereign debt, according to a European Commission public consultation...
5 Nov 2010
Two Canadian pension funds will pay 2.1 billion pounds ($3.39 billion) to operate Britain's only high-speed railway, the first privatization of a coalition government intent on cutting the national deficit...
5 Nov 2010
Staff at Britain's state-funded broadcaster on Friday began the first of two 48-hour strikes to protest against changes designed to fill the gap in the BBC's pension scheme...
5 Nov 2010
A European regulator flagged three months ago possible problems with the engine that powered a Qantas Airways A380 that was forced to make an emergency landing in Singapore this week...
5 Nov 2010
U.S. investment group Starwood Capital is about to sell the Hotel de Crillon in Paris, one of the world's landmark hotels, to Saudi investors with ties to the...
5 Nov 2010
The Bank of Japan kept interest rates at zero and held off on easing monetary policy on Friday, after the Federal Reserve's bond buying plan failed to trigger...
5 Nov 2010
Australia-listed iron ore prospector Sphere Minerals on Friday fended off an attempt by its biggest shareholder to derail its agreed $522 million (321 million pounds) takeover from global miner Xstrata...
5 Nov 2010
South Korea's POSCO wants to build a $12 billion steel mill in Orissa, but the project has faced delays because of environmental worries and protests by local residents concerned about...
5 Nov 2010
Two down and one to go. Having navigated past QE2 and the U.S. mid-term elections, investors have another biggie in the coming week -- a Group of 20 summit meeting that...
4 Nov 2010
China needs to increase interest rates to curb capital inflows driven by U.S. monetary easing, an official newspaper said in an editorial on Friday...
4 Nov 2010
Vexed British and overseas companies with businesses in the UK are in a race to tighten ethical procedures as the country poises to impose one of the...
4 Nov 2010
Mining giant Xstrata's $522 million offer for Australia-listed iron ore prospector Sphere Minerals could be at risk after a Chinese investment group said on Friday it was preparing a competing proposal...
4 Nov 2010
Resona Holdings plans to raise about $6.2 billion in the Japanese bank's first public stock offering since it was effectively nationalised in 2003, three sources familiar with the matter said...
4 Nov 2010
Wal-Mart Stores said on Friday it is cooperating with an investigation into insider trading related to Seiyu Ltd, its Japan-based retail chain...
4 Nov 2010
The Federal Reserve is expected to soon allow some healthy banks with strong capital levels to increase dividend payments, according to people familiar with the decision...
4 Nov 2010
Italian telecom Wind Telecomunicazioni is lining up a 3.4 billion euro loan to refinance its senior debt ahead of its proposed merger with Russia's Vimpelcom...
4 Nov 2010
HSBC Holdings has inked a 2.1 billion pound deal to sell its train leasing unit...
4 Nov 2010
Coca-Cola Co announced a $4 billion debt offering, the biggest in its history...
4 Nov 2010
An EU court ordered the European Commission on Thursday to suspend a decision to let Spain assist its loss-making coal mining sector until 2015, after utilities in the country objected the plan would...
4 Nov 2010
The Federal Reserve said on Thursday it has established an Office of Financial Stability Policy and Research to help identify potential risks to the financial system and...
4 Nov 2010
Financier Guy Hands has lost his court case accusing Citigroup Inc of tricking him into overpaying for music company EMI, a deal that came to epitomize the risks of...
4 Nov 2010
U.S. regulators have quietly been warming to the idea of private equity playing a bigger role in rescuing banks, as they deal with hundreds of institutions that are hurting for capital...
4 Nov 2010
The European Union wants stronger privacy rules to give Internet users more control over how social-networking sites such as Facebook, or search engines such as Google use their personal information...
4 Nov 2010
General Motors finalized terms for a stock offering of about $13 billion to repay a...
4 Nov 2010
Corporate Canada's love affair with Australian assets is unlikely to be...
4 Nov 2010
Britain's business minister has asked the UK communications regulator to examine News Corp's proposed buyout of BSkyB, although several analysts expect the deal ultimately to go ahead...
4 Nov 2010
Tencent Holdings is planning to shut down access to its popular instant messaging platform for millions of users after a public spat with China's top antivirus software provider...
4 Nov 2010
Wal-Mart Stores Inc, the world's top retailer, has joined the race to buy Indonesian retailer Matahari's hypermarket business, stirring up competition for the $1 billion auction in Southeast Asia's biggest economy...
4 Nov 2010
UAE telecoms group Etisalat set terms for its plan to buy a stake in Kuwait's Zain on Wednesday, making any deal dependent on the sale of Zain's Saudi assets as it began scrutiny of the company's books...
4 Nov 2010
Oil platforms operated by Statoil off Norway will shut down more often in future to cope with maintenance issues...
4 Nov 2010
Canadian companies will be watching how Australia reacts to their own government's decision on Thursday to block Anglo-Australian miner BHP Billiton's $39 billion bid for Canadian fertiliser group Potash Corp...
4 Nov 2010
Low-cost Dubai carrier flydubai has signed sale and leaseback deals on four Boeing 737-800 NG aircraft valued at $320 million at list prices with Dublin-based aircraft leasing company Avolon...
4 Nov 2010
Gazprom International has made its first commercial gas discovery on the African continent in Algeria and is scanning other countries in search of opportunities...
4 Nov 2010
Orascom Telecom, locked in a bitter dispute with Algeria, owes the government there $400,000 in debts left over from a former subsidiary...
4 Nov 2010
When Malaysian Aida Othman signed up for the new law programme at the Islamic university, she did not expect to become one the few women with their hands on the levers of the world's $1 trillion Islamic finance sector.
4 Nov 2010
Rothschild & Cie Banque agreed on Wednesday to pay 500,000 reais ($296,000) to settle an investigation of its role in Vivendi's takeover of Brazilian telecom company GVT...
3 Nov 2010
An Australian regulator unveiled plans on Thursday to overhaul stock-market rules with the aim of encouraging new rivals to take on monopoly bourse operator ASX Group while protecting investors...
3 Nov 2010
Republican lawmakers vowed to vigorously oversee the new financial reform law but stopped short of promising major changes to the legislation they have described as...
3 Nov 2010
Morgan Stanley knew as far back as 2008 that U.S. securities regulators had contacted its hedge fund FrontPoint Partners in connection with an insider trading investigation...
3 Nov 2010
The consolidation of the largest U.S. wealth managers may slow from the frenzied pace of recent years as firms adjust to the post-crisis landscape, but there are still lots of...
3 Nov 2010
The U.S. Financial Accounting Standards Board proposed a change on Wednesday in accounting rules on repurchase agreements, the instruments that Lehman Brothers...
3 Nov 2010
Republicans grabbed the steering wheel of the U.S. House of Representatives on Tuesday, but weren't expected to get out of the driveway when it comes to...
3 Nov 2010
High-frequency traders will no longer be able to gain unfettered or "naked" access to...
3 Nov 2010
Europe's move to introduce the world's toughest curbs on bankers' pay could backfire and shows the need for better global coordination of new financial rules...
3 Nov 2010
Ireland's state-run "bad bank" made a profit of 6 million euros in the second quarter and said on Tuesday it expected to make significant progress next year in clawing back money from property developers...
3 Nov 2010
China's quest for a green future built on rare earths metals seems a world away from Ren Limin as he casts lumps of one of the metals in a chemical-spattered shed thick with acrid fumes...
3 Nov 2010
Britain's BAE Systems is in talks with France's Dassault Aviation about collaborating on the development of unmanned planes for Britain and France...
3 Nov 2010
Moroccan insurer CNIA Saada on Tuesday launched an offering of 15 percent of its share capital on the Casablanca stock market, in only the second initial public offering in Morocco since the end of 2008...
3 Nov 2010
Major Zain shareholder Kharafi Group and Etisalat, will sign an initial agreement on Wednesday to start due diligence for a deal to sell 46 percent of Zain to Etisalat...
3 Nov 2010
The London Stock Exchange said a glitch on its Turquoise cross-border share trading platform may have happened under "suspicious circumstances," forcing it to delay the adoption of...
2 Nov 2010
First Solar Inc has received China's approval to start preperatory work on a 30-megawatt (MW) photovoltaic project in Inner Mongolia, the 21st Century Business Herald reported...
2 Nov 2010
Mitsubishi UFJ Financial Group, Japan's biggest bank, plans to buy the project financing unit of the Royal Bank of Scotland for about 4 billion pounds, the Nikkei business daily reported on Wednesday...
2 Nov 2010
Drug research and development is on the rise in Asia as local companies move up the value chain and international firms increase their clinical trial work in the region...
2 Nov 2010
Anglo-Swiss miner Xtrata Plc unit Sidero has raised its takeover offer for Sphere Minerals Ltd to A$3.00 per share from A$2.50 per share, valuing its offer at A$514 million (420.4 million pounds)...
2 Nov 2010
Westfield, the world's biggest shopping mall landlord, plans to spin-off half of its Australian and New Zealand assets into a new fund, which will raise about $2 billion in new capital, the firm said on Wednesday...
2 Nov 2010
The strongest weapons that U.S. regulators use to combat fraud in the $2.8 trillion municipal bond market have long been financial disclosure requirements, but rules on...
2 Nov 2010
FrontPoint Partners LLC allegedly traded on illegal tips passed on by a French doctor about a clinical drug trial that saved the hedge fund firm $30 million in losses...
2 Nov 2010
U.S. rule-makers are mulling an expansion of fair-value accounting to land and buildings held for investment, a change that could reshape the balance sheets of hundreds of real estate companies...
2 Nov 2010
Canadian regulators are recommending mandatory electronic trading and central clearing of some over-the-counter derivatives as part of a global push to strengthen financial markets...
2 Nov 2010
Dell Inc will buy U.S. cloud-computing services company Boomi to shore up its ability to provide software over computer networks...
2 Nov 2010
Shares of Washington Mutual Inc fell 60 percent on Tuesday after a court-appointed examiner extinguished hopes that stockholders would recover anything in the two-year-old bankruptcy...
2 Nov 2010
Spanish bank BBVA has bought joint control of Turkey's Garanti Bank in a $5.8 billion deal, cutting exposure to a stagnant home market to enter one of the world's fastest growing economies...
2 Nov 2010
Oracle Corp said it will buy e-commerce software maker Art Technology Group...
2 Nov 2010
BP lifted its estimate of the likely cost of its Gulf of Mexico oil spill to $40 billion on Tuesday, denting profits, but its underlying performance beat all expectations on higher refining margins and a lower tax rate...
2 Nov 2010
Lloyds' planned sale of several hundred UK retail bank branches is unlikely to occur in 2010, although the company is sticking with its deadline of selling them by 2013, chief executive Eric Daniels told Reuters...
2 Nov 2010
FTSE seen opening lower...
2 Nov 2010
Malaysia's central bank announced on Tuesday a new 11-member sharia advisory team to handle Islamic finance matters...
1 Nov 2010
Fubon Financial and the Capital Group became the first Taiwan institutions allowed to invest in mainland China's capital markets...
1 Nov 2010
The East China Exploration and Development Bureau (ECE), major shareholder in Australian rare-earths firm Arafura Resources Ltd, has allowed its stake to be diluted after a recent Arafura share placement...
1 Nov 2010
The Federal Deposit Insurance Corp has sued 11 former executives and directors at a failed Illinois bank as part of its effort to recover as much as $2 billion of losses suffered by...
1 Nov 2010
Skype is moving forward on an initial public offering of up to $1 billion, but investors will have to wait until next year before it prices, said several people close to the situation...
1 Nov 2010
Paul Volcker, who lent his name to a law cracking down on banks trading with their own money, urged U.S. regulators on Monday to spell out clear guidelines for...
1 Nov 2010
A federal judge on Monday rejected a request by Goldman Sachs Group Inc's Fabrice Tourre to dismiss a U.S. Securities and Exchange Commission fraud lawsuit...
1 Nov 2010
U.S. securities regulators are investigating whether JPMorgan Chase & Co adequately...
1 Nov 2010
A three-judge panel on Monday weighed an appeal by imprisoned former Enron Corp Chief Executive Jeffrey Skilling that could result in his freedom, a new trial or a reduced sentence...
1 Nov 2010
Japan Airlines Corp agreed to repay the 320 billion yen ($3.97 billion) loan it will get in March, in two years, after its lenders objected to the original seven-year period, the Nikkei business daily said...
1 Nov 2010
The board that creates regulations for the U.S. municipal bond market unveiled proposed rules on Monday to bring advisors to states and local governments selling bonds under federal oversight...
1 Nov 2010
Leumi, Israel's biggest bank, is requiring U.S. clients to declare their deposits to the Internal Revenue Service, amid heightened scrutiny of offshore accounts by U.S. authorities...
1 Nov 2010
Bailed out insurer American International Group will get up to $22 billion more in U.S. taxpayer funds to facilitate its restructuring and prepare for an eventual government exit, the U.S. Treasury said...
1 Nov 2010
Britain and France will sign defence treaties on Tuesday setting out how they will cooperate on military transport, tanker aircraft and aircraft carriers, Prime Minister David Cameron said...
1 Nov 2010
EXCO Resources' CEO Douglas Miller has teamed up with investors, including oilman T. Boone Pickens, to bid for the gas-focused explorer for about $4.36 billion, betting on a recovery in natural gas prices...
1 Nov 2010
Pharmaceutical distributor McKesson Corp plans to buy privately held US Oncology Inc in a deal valued at about $2.16 billion to expand its services in the fast-growing area of cancer care...
1 Nov 2010
Bailed-out insurer AIG raised $27.71 billion cash in 10 days with the initial public offering of its Asian life business AIA and the sale of its global life unit Alico, enough to repay a credit facility...
1 Nov 2010
Three of the world's most powerful technology companies are enmeshed in a jury trial kicking off on Monday that could make for some of the best theatre Silicon Valley has seen in years...
1 Nov 2010
American Media Inc, publisher of The National Enquirer, said it will file for a prepackaged bankruptcy in about two weeks to cut debt and improve cash flows...
1 Nov 2010
Boralex Inc, looking to complete its takeover of Boralex Power Income Fund, said a superior court in Canada rejected a motion filed by one of its unitholders seeking a safeguard motion against the deal...
1 Nov 2010
Ireland's High Court upheld Ireland's state-run "bad bank" structure on Monday, throwing out a legal challenge that had threatened to complicate the country's recovery from financial crisis...
1 Nov 2010
The Bombay Stock Exchange resumed trading at 1430 (0900 GMT), a spokesman said on Monday, after a technical glitch halted trade for two-and-a-half hours at the bourse...
1 Nov 2010
Ireland's High Court will rule on Monday on a legal challenge to a state-run "bad bank" scheme that -- if successful -- could further complicate the country's recovery from an unprecedented financial crisis...
1 Nov 2010
BHP Billiton needs to clear three hurdles over the next week before it will be free to raise its $39 billion bid for Potash Corp, as widely expected...