NEWS
May 2010
31 May 2010
The tax demand, which media estimates have put at about $2 billion, was sparked by Vodafone's $11.2 billion purchase of a stake in Hutchison Telecom's 2332.HK Indian operations in 2007…
31 May 2010
Ship and rig builder Drydocks World, a unit of Dubai World, is in talks with banks to restructure $1.7 billion in debt maturing in November next year...
31 May 2010
More than a few Canadian companies are ready to go public, though only a handful - some gutsy tech startups with heavy backing -- are likely to brave the recent market turbulence and take the final step...
31 May 2010
Kenya's second largest mobile operator Zain plans to roll out a third-generation (3G) service in July this year after an expected cut in license fees by the regulator, its managing director said...
31 May 2010
Algeria's appointment of a new energy minister should bring international energy companies relief from months of bureaucratic paralysis that has disrupted work on some oil and gas projects...
31 May 2010
Pfizer, the world's biggest drugmaker, is selling its swine vaccine business in China to Harbin Pharmaceutical Group for $50 million, a source with direct knowledge of the deal said...
31 May 2010
Piramal Glass Ltd said on Monday that a newspaper report saying its founders were in talks to sell stake in the company to Hindusthan National Glass & Industries Ltd, was 'baseless'...
31 May 2010
Egyptian mobile firm Orascom Telecom would have preferred to keep its main cash earner Djezzy, but has been obliged to negotiate its sale to the Algerian government...
31 May 2010
Legend, also a major shareholder of Digital China Holdings, aims a listing in the city in a bid to raise sufficient funds for its diversified businesses, the newspaper said…
31 May 2010
The Azrieli Group began a two-pronged initial public offering on the Tel Aviv Stock Exchange on Monday to raise 2.5 billion shekels ($650 million), the largest ever IPO of a private company on Israel's bourse...
31 May 2010
Egyptian mobile firm Orascom Telecom said it had no new details to announce on talks over a sale of assets to MTN, after Egypt's bourse asked it for clarity following a jump in its shares...
31 May 2010
Industrial and Commercial Bank of China, the world's biggest lender by market value said on Monday it was seeking acquisition opportunities to expand business in the Middle East and North Africa...
31 May 2010
Kuwait Investment Authority, the country's sovereign wealth fund, may sell its 24.6 percent stake in telecoms firm Zain...
31 May 2010
Invest Ad, which manages investments for the Abu Dhabi government and other institutions, said on Monday it was launching a private equity fund to invest in the Middle East and its Hong Kong partner will...
30 May 2010
Several Middle Eastern sovereign wealth funds are holding talks with the Agricultural Bank of China about investing in its IPO in Shanghai and Hong Kong this year, the China Business News reported...
30 May 2010
Prudential investors will back the group's bid for AIG's <AIG.N> Asian life insurance arm provided it can negotiate a 10 percent cut in the deal's $35.5 billion price tag, the Sunday Times reported...
30 May 2010
Qatar's telecoms regulator brushed aside concern on Sunday over the entry of Virgin Mobile into the market, after a rival operator said it would sue the regulator over the issue...
30 May 2010
The Saudi bourse regulator has ordered a former board member of state-controlled Saudi Telecom to pay almost $2 million in fines and profit for insider trading in 2004...
30 May 2010
China deflected pressure to censure North Korea at a regional summit on Sunday, instead urging its neighbors to calm tensions over the sinking of a warship and avoid any...
30 May 2010
The head of the London Stock Exchange said in Italian newspaper comments on Sunday that the German government's ban on short-selling is "mistaken" and risks being counterproductive...
30 May 2010
Emirates Telecommunications Corp (Etisalat) has not bid for the Algerian unit of Orascom Telecom, a spokesman for the UAE telecoms provider said on Sunday...
30 May 2010
Egypt's regulator will not allow Orascom Telecom to buy a stake in Vodafone's Egypt unit if the deal gives OT management stakes in two competing firms...
30 May 2010
Egyptian mobile firm Orascom Telecom said it expects the outcome of its negotiations to sell some of its African assets to South Africa's MTN to become clear within days...
29 May 2010
A group of lenders to the Texas Rangers sued on Friday to put the baseball team's equity owners, controlled by private equity investor Thomas Hicks, into bankruptcy...
28 May 2010
Barclays agreed on Friday to sell its U.S. mortgage servicing business HomEq for $1.3 billion in cash, in a deal which will have a small positive impact on the British bank's…
28 May 2010
Shares of the company were up as much as 33 percent Friday on Nasdaq, before paring some of the gains to trade up $1 at $5.30. A deal at that price would value the company at…
28 May 2010
Toys R Us filed to raise as much as $800 million in an initial public offering in what could mark its return to the public markets after five years…
28 May 2010
Royal Dutch Shell said it would pay $4.7 billion cash to buy privately held East Resources Inc, giving it more exposure to promising shale gas reserves in North America...
28 May 2010
Stephen Green fended off attacks on HSBC's pay plans, including a stinging rebuke from one of its biggest shareholders, and warned that Europe's biggest bank was bracing for further economic shocks...
28 May 2010
The son-in-law of Tunisia's president launched the country's first Islamic bank on Friday to tap into growing demand for alternative finance and investment products in the secular-leaning country...
28 May 2010
Amgen's keenly awaited new drug Prolia, or denosumab, has been approved in Europe as a treatment for the brittle bone disease osteoporosis, the U.S. biotech giant said on Friday...
28 May 2010
British insurer Prudential confirmed it was trying to negotiate a cut in the $35.5 billion it has agreed to pay for AIG's Asian unit, amid fears its shareholders might block the deal as too expensive…
28 May 2010
Ukraine's wheat crop in 2010 is likely to fall to 18 million tonnes compared with 20.9 million tonnes last year because of harsh winter weather, a deputy prime minister, Viktor Slauta, said on Friday...
27 May 2010
The New York Stock Exchange invoked a rule on Thursday to smooth trading at the open as stock index futures rose sharply, signaling a possible volatile start to trading in the cash market…
27 May 2010
A U.S. appeals court upheld the dismissal of $4.3 billion in claims asserted by the Adelphia Recovery Trust against 430 lending institutions, a lawyer for the defendants said…
27 May 2010
Brazil's precision metal-cutting tools maker Industrias Romi SA, which is trying to buy rival Hardinge Inc, said 38 percent of Hardinge's shares were tendered so far and…
27 May 2010
The measure of success for the private equity industry is called "exits" -- the exiting from investments to make another move -- and the gauge may be on the way up in Canada as…
27 May 2010
Malaysia has opened a book on a benchmark-sized 5-year U.S. dollar sukuk, pushing ahead with its first global bond in eight years despite tough market conditions...
27 May 2010
Lehman Brothers Holdings Inc on Wednesday sued JPMorgan Chase & Co, accusing the second-largest U.S. bank of illegally siphoning billions of dollars of desperately-needed assets in the days leading up to...
27 May 2010
AstraZeneca Plc's cancer pill Iressa has been recommended for use in the National Health Service (NHS) after the drugmaker agreed an unusual fixed cost deal...
27 May 2010
Kuwaiti mobile operator Zain will distribute a large part of its returns from a $9 billion sale of assets to India's Bharti Airtel to its shareholders...
27 May 2010
Hedge fund firm Man Group raised hopes it had finally stemmed client outflows and unveiled plans to launch new funds aided by its $1.6 billion (1.1 billion pound) purchase of smaller rival GLG last week...
27 May 2010
At the marina under construction so yachts can moor off Muammar Gaddafi's hometown, the floodlights are switched on even though the mid-morning sun is beating down...
27 May 2010
Australian insurer and lender Suncorp Metway Ltd doubled the size of its residential mortgage backed securities offer to A$1 billion ($847.5 million), it said on Friday...
27 May 2010
Thomson Reuters Corp said on Thursday it will buy Point Carbon A/S, a Norwegian company that provides news and trading analytics for the energy and environmental markets...
27 May 2010
U.S. retailer Wal-Mart, is buying Netto UK from its Danish owner for 778 million pounds ($1.1 billion) and will convert the stores to its Asda brand, cementing its position as the UK's number two grocer...
27 May 2010
Malaysia's sovereign fund Khazanah offered to raise its stake in Singapore healthcare firm Parkway Holdings to 51.5 percent in a S$1.18 billion ($835 million) deal...
27 May 2010
Shareholders holding up to 15 percent of British insurer Prudential Plc's shares plan to write to the chairman saying they oppose the company's $35.5 billion takeover of AIG's Asian arm...
27 May 2010
Once famous for its anything-goes approach to capitalism, Hong Kong's sometimes unruly stock market has turned downright sober in the past two years under a crackdown on…
27 May 2010
The dollar fund would be raised through CICC's Hong Kong unit and CICC would contribute about 10 percent of the total sum, Shirley Chen, head of CICC's private equity business…
27 May 2010
New antitrust rules governing agreements between carmakers and their dealers will boost competition in the sector and lead to lower car repair costs for consumers, EU antitrust regulators said on Thursday...
27 May 2010
Egyptian mobile firm Orascom Telecom would consider a bid for Vodafone's 55-percent stake in its Egyptian unit if it were put up for sale...
27 May 2010
Israel Corp, one of Israel's largest holding companies, reported slightly higher quarterly net profit on Thursday, helped by a gain at its chemicals unit and a narrower loss at its shipping subsidiary...
27 May 2010
Oil exporter Libya is making up for years of stagnation by spending billions of dollars on construction projects, creating lucrative opportunities for contractors bold enough to risk Libya's unpredictable business climate...
27 May 2010
The main shareholder of Russia's Uralkali, billionaire Dmitry Rybolovlev, is looking to sell a controlling stake in the potash miner, Kommersant business daily reported on Thursday...
26 May 2010
Activist investor William Ackman said on Wednesday that his firm recently bought 150 million shares of Citigroup Inc, but didn't provide his reason or an investment thesis for the purchase...
26 May 2010
"The vast majority of shareholders are comfortable with the AIA transaction," Prudential Chairman Harvey McGrath told reporters on Tuesday, adding he was confident investors will…
26 May 2010
An assistant to a top executive at Walt Disney Co gave confidential information about Disney's quarterly earnings to a friend who in turn tried to sell it to hedge funds, U.S. prosecutors said...
26 May 2010
Radiation detection and monitoring company Mirion Technologies Inc shelved plans for an initial public offering on Wednesday due to "market conditions," an underwriter said…
26 May 2010
Oil and gas company TXCO Resources Inc said that it has filed for bankruptcy relief along with its subsidiaries…
26 May 2010
Germany's ban on some speculative trading activities is a clear signal that the German authorities want to counter speculation and calm financial markets…
26 May 2010
U.S. states and local governments will be forced to disclose more information about their debt under a new rule adopted by the Securities and Exchange Commission on Wednesday...
26 May 2010
China has agreed to allow qualified foreign investors to trade stock index futures, enabling companies such as Invesco and Martin Currie to hedge risks in the country and…
26 May 2010
Shares of the listed units, Angang Steel Co and PZH Steel, were suspended from trading on Monday, fuelling expectations a long-rumored merger of the two groups would soon be announced…
26 May 2010
There is no consensus among European Union securities regulators for introducing a German-style ban on trading credit default swaps linked to euro zone government bonds, a top supervisor said...
26 May 2010
European shares up on bargain hunting...
25 May 2010
Qatar Investment Authority, the country's sovereign wealth fund, is keen to buy part of the U.S. Treasury's stake in Citigroup Inc...
25 May 2010
U.S. solar company SunEdison said on Tuesday it formed a joint venture with private equity firm First Reserve to fund up to $1.5 billion of solar energy projects…
25 May 2010
Shareholders of bankrupt Washington Mutual Inc asked a federal judge for permission to investigate JPMorgan Chase & Co for its role in the failure of Washington Mutual Bank...
25 May 2010
South Africa's deputy trade minister has called on Algeria on Tuesday to ease the way for South Africa's group MTN to buy Djezzy, the Algerian unit of Egypt's Orascom Telecom ...
25 May 2010
Germany may widen its ban on speculative financial trades to cover all shares, a leaked government document showed on Tuesday, as fears about the euro zone's debt crisis sent stocks and the euro plunging further...
25 May 2010
The Chief Financial Officer of chemical maker Saudi Basic Industries Corp (SABIC) on Tuesday said the firm was "not desperate" to issue a bond, as jittery investors continue their sell-off in global markets....
25 May 2010
With a BP well spilling oil into the Gulf of Mexico for a fifth week and President Barack Obama under pressure to act, legal experts say it is only a matter of time before his administration begins a...
25 May 2010
Egyptian operator Orascom Telecom has shown no willingness to discuss a sale of its Algerian business to the Algerian government...
25 May 2010
If the application process goes smoothly, Morgan Stanley could obtain regulatory approval to sell its 34.3 percent stake in CICC within around three months…
25 May 2010
Orascom Construction Industries, Egypt's biggest listed builder, will be forced to seek more work at home and in Gulf Arab states as economic and political tensions make its Algerian business riskier...
25 May 2010
Britain's position as one of the few markets in the world where drug companies are free to set prices for their medicines could be under fire from the country's new coalition government...
25 May 2010
Sands China, the Macau unit of U.S. casino operator Las Vegas Sands, has awarded contracts worth more than 1 billion patacas ($120 million) to Macau contractors for its planned mega-resort on...
25 May 2010
European Union debate on overhauling the Common Agricultural Policy is set to focus on matching farm policy with plans to green the 27-country bloc's economy by 2020, rotating EU president Spain said...
25 May 2010
Indonesian coal miner PT Tambang Batubara Bukit Asam Tbk on Tuesday said net profit is expected to remain flat this year while revenue is forecast to increase 5-10 percent...
25 May 2010
Fertiliser and specialty chemicals maker Israel Chemicals (ICL) reported a rise in first-quarter net profit on higher sales and lower costs for raw materials, and said it would pay out a special dividend...
24 May 2010
Shareholders have sued the board of BP Plc for failing to monitor safety and exposing the company to potentially enormous liability related to the Deepwater spill disaster in the Gulf of Mexico...
24 May 2010
Dubai's recent debt deal for its flagship conglomerate, Dubai World, removes a key hurdle for international investors eyeing investments in the region...
24 May 2010
U.S. bank regulators may have placed a number of hurdles for private equity investments in failed banks, but that has not stopped the firms from taking a shot at weaker banks...
24 May 2010
Gentiva Health Services Inc agreed to buy Odyssey HealthCare Inc in a $1 billion cash deal, which could make it one of the top players in the U.S. home and hospice care market and spark more consolidation in the space...
24 May 2010
Egypt's communications minister said on Monday a final decision had not been made over whether landline monopoly Telecom Egypt would try to boost its stake in Vodafone's Egyptian unit...
24 May 2010
Iraqi-run Amwaj International unveiled a $238 million housing and hotel project in the heart of Baghdad on Monday, as more firms seek to invest in the war-damaged country thanks to an improvement in security...
24 May 2010
International Business Machines Corp plans to buy Sterling Commerce from AT&T Inc for about $1.4 billion in cash, extending the technology behemoth's portfolio of business software...
24 May 2010
Global miner Rio Tinto said it is reviewing all investments in Australia due to a proposed new tax, describing the country as its No.1 sovereign risk concern and sending a weak Australian dollar even lower...
24 May 2010
U.S. regulators may never know what caused the recent market crash and still have not found evidence trading errors or system malfunctions triggered the brief free fall…
24 May 2010
Private equity firm Kohlberg Kravis Roberts & Co is planning to help underwrite the initial public offering of Dutch-based NXP Semiconductors, according to an updated regulatory filing...
24 May 2010
Indonesia's Supreme Court rejected a final appeal by Singapore's Temasek Holdings to overturn a ruling by the country's anti-monopoly commission regarding its telecoms investments...
24 May 2010
Dubai builder Arabtec expects cash from developer Nakheel's debt restructuring by end-June, while payment in the form of bonds could take several months...
24 May 2010
Indonesian telecommunications company PT Indosat plans to issue a benchmark-sized 10-year dollar bond that could be launched as early as on Tuesday...
22 May 2010
Washington Mutual Inc and the Federal Deposit Insurance Corp have reached a global settlement that will return $7 billion to the bank's creditors, a critical step in the…
21 May 2010
Vodafone has held informal talks with Telecom Egypt about selling its 55 percent stake in Vodafone Egypt, the country's second-largest mobile company...
21 May 2010
Abbott Laboratories Inc will pay $3.72 billion to acquire the branded generics business of Piramal Healthcare, as global drugmakers look to boost their presence in emerging markets...
21 May 2010
PepsiCo Inc plans to invest $2.5 billion in China over the next three years to expand its presence in a major, growing market where its drinks lag behind rival Coca-Cola Co...
21 May 2010
Chi-X Europe and BATS have changed the way they report data from their dark pools after a U.S. report alleged they were disseminating information that helped high-frequency traders identify big investor orders...
21 May 2010
The United Auto Workers union urged Toyota Motor Corp and electric car start-up Tesla Motors to hire union workers when they reopen a recently closed plant near San Francisco...
21 May 2010
Johnson Controls Inc said it had offered $1.25 billion to buy the interiors and electronics businesses from bankrupt auto supplier Visteon Corp...
21 May 2010
Borders Group Inc said on Friday that a company controlled by financier Bennett LeBow has taken a $25 million equity stake in the struggling bookseller, making him its largest shareholder...
21 May 2010
Turkish Airlines said on Friday it had been notified of a move by union members to strike over wages and working hours, triggering fresh losses in the shares of Europe's fourth-largest airline...
21 May 2010
With Senate passage on Thursday of a landmark bill to crack down on Wall Street, lawmakers must resolve differences between that measure and one approved in December…
21 May 2010
The European Union's competition authority said on Friday it had cleared the acquisition of Swedish aerospace company Saab AB by Nordic-based holding company Investor AB...
21 May 2010
Hong Kong tycoons have emerged as among the biggest supporters of a record $21 billion rights issue by Britain's Prudential, sources with direct knowledge of the matter said on Thursday...
21 May 2010
Beijing Automotive Industry Holding Co (BAIC), China's fifth-biggest car maker, is in talks with investment banks to float its passenger car business in an effort to cash up to fuel growth and make acquisitions...
20 May 2010
The U.S. Senate voted on Thursday to end debate on the biggest overhaul of financial regulation since the 1930s, allowing a final vote on the bill later on Thursday or on Friday…
20 May 2010
Bank creditors to Dubai World have accepted an offer from the indebted conglomerate to settle $14.2 billion in outstanding bank claims, according to a report in a UAE newspaper on Thursday...
20 May 2010
Dubai World, the state-owned conglomerate, has reached a deal to restructure $23.5 billion in debt with its core lenders, addressing the most immediate of a string of problems facing investors in Dubai...
20 May 2010
Canada's federal government can appeal court rulings which included Ottawa in lawsuits launched in the province of British Columbia against tobacco firms, the Supreme Court announced...
20 May 2010
U.S. securities regulators are probing whether market professionals violated securities laws during the recent unexplained market crash, Securities and Exchange Commission Chairman Mary Schapiro said...
20 May 2010
Japanese online mall operator Rakuten said on Thursday it will acquire Buy.com Inc for $250 million, foraying into the U.S. market for the first time as it steps up its push to expand overseas…
20 May 2010
Symantec Corp agreed to buy VeriSign Inc's widely used technology for securing payments over the Internet in a deal worth $1.28 billion, the companies said…
20 May 2010
Hong Kong has become a top choice for healthcare companies looking to raise cash thanks to the high valuations investors give new listings as China promises to spend billions to…
20 May 2010
Britain's coalition government said it wanted to part-privatise Royal Mail, the state-owned postal service, risking a clash with unions...
20 May 2010
Energy distributor National Grid surprised investors with a 3.2 billion pound rights issue to fund a sharp increase in investment needed to update ageing infrastructure...
20 May 2010
Dubai has released on bail the former head of its flagship financial district, who is being investigated in connection with alleged irregularities involving $13.6 million in bonuses...
20 May 2010
The British Airways cabin crew trade union, Unite, won an appeal on Thursday against a High Court ruling this week that had blocked a new wave of walkouts by the airline's staff...
20 May 2010
The European Union, struggling to calm volatile financial markets, intends to curb speculation in government debt but remains very unlikely to imitate harsh steps announced by Germany...
20 May 2010
Worries over the euro zone's debt crisis hammered Asian stocks to their lowest in more than eight months and sent the euro down, struggling to stay above the previous day's four-year low as...
20 May 2010
Jindal Steel & Power said on Thursday its unit will buy Oman's Shadeed Iron & Steel Co LLC for $464 million expanding its reach in the Middle East, a move that will boost its profitability in coming years...
20 May 2010
The new coalition government will commit to cutting corporate taxes in order to help the private sector lead economic growth, Chancellor George Osborne said on Wednesday...
19 May 2010
Top oil exporter Saudi Arabia believes renewable sources could account for up to 10 percent of its power output by 2020 with prices coming down and a regulatory framework in place...
19 May 2010
Drugmaker Novartis AG must pay $250 million in punitive damages to more than 5,000 current and former women employees, a jury ruled on Wednesday, two days after finding a U.S. division of the...
19 May 2010
State-owned Dubai World has offered to pay its bank creditors 30 percent of its debt over five years and the remainder in eight years, a report said, but local lenders are resisting pressure to agree...
19 May 2010
Maxis Berhad says investing 1.4 billion Malaysian ringgit ($435.2 million) in 2010 to upgrade networks...
19 May 2010
The European Union, struggling to calm volatile financial markets, intends to curb speculation in government debt but remains very unlikely to imitate harsh steps announced by Germany...
19 May 2010
Internet gambling should be legalized and taxed in the United States to raise $42 billion in revenue over a decade and legitimize gamers who bet online, backers argued before a congressional panel…
19 May 2010
Falling crude prices are linked to uncertainty about the world economy, not oil supply, and there is no role for OPEC to play at this stage, Algerian Energy Minister Chakib Khelil said on Wednesday...
19 May 2010
China's Huawei Technologies, the world's second-largest telecom gear maker, is open to acquisitions but has no specific target at present, a senior executive said...
19 May 2010
Europe's debt crisis shows the risks for the United States if it does not get its budget deficits under control, former Federal Reserve Chairman Paul Volcker said...
19 May 2010
Plans by Rio Tinto and BHP Billiton to join their massive iron ore operations have become more crucial than ever for the world's No.2 and No.3 iron ore miners to help offset a hefty new mining tax...
18 May 2010
Iraq plans to double capacity at Baghdad International Airport to 15 million passengers per year...
18 May 2010
Qatar, which controls 17 percent of the votes in Volkswagen, is considering teaming up with Europe's largest carmaker for joint investments in the auto industry...
18 May 2010
Iraq's cabinet on Tuesday approved a deal that would allow oil exports to resume from the country's semi-autonomous Kurdish region, taking the two sides closer to resolving bitter disputes over oil, land and power...
18 May 2010
Turkey's Central Bank left its benchmark interest rates unchanged on Tuesday, as expected, and reiterated that interest rates may need to be kept low for a long time...
18 May 2010
China's Sinopec Corp said on Tuesday it has not yet entered formal discussions with Saudi Aramco over investing in the giant Yanbu refinery in Saudi Arabia, due to concerns about the high investment cost there...
18 May 2010
Johnny Cameron, former head of investment banking at Royal Bank of Scotland, has agreed to a life-time ban from financial sector jobs in a settlement with regulators...
18 May 2010
Warren Buffett's Berkshire Hathaway Inc reported a 23 percent lower stake in Kraft Foods Inc after the billionaire investor criticized Kraft Chief Executive Irene Rosenfeld for…
18 May 2010
More than 80 independent oil and gas producers have sued units of Goldman Sachs Group Inc and BP Plc, alleging they conspired with SemGroup LP to defraud the…
18 May 2010
Sears Canada said on Tuesday first-quarter profit fell 30 percent, and announced a C$3.50-per-share special dividend and a possible share buyback that would...
18 May 2010
Greece received a 14.5-billion euro ($17.9 billion) emergency loan from the European Union and will use some of the money to fully repay an 8.5-billion euro bond maturing the next day…
18 May 2010
British condom maker SSL International said full-year results were boosted by recent acquisitions in Eastern Europe and strong sales of branded goods, and reiterated its earnings growth target…
18 May 2010
Iraq expects crude output to increase by about 600,000 barrels per day (bpd) through 2011, based on initial plans from global firms for oilfields that were auctioned off last year...
18 May 2010
Trading of creditor claims from U.S. bankruptcy cases reached a record $3.65 billion in April as new details on Lehman Brothers' reorganization plan boosted trading activity...
18 May 2010
Thailand's economy was recovering well this year until anti-government protesters started a mass rally in Bangkok in the middle of March, which has sparked the country's…
18 May 2010
Takeover target AXA Asia Pacific has held talks with Australia's competition regulator, hoping to sway its decision to block an agreed $13 billion takeover deal by National Australia Bank...
18 May 2010
Google Inc could face inquiries from German and U.S officials following the company's disclosure it had "mistakenly" collected sensitive data sent by consumers over wireless networks...
18 May 2010
Fund firm Jupiter Asset Management will tap a brittle IPO market for funds next month with an initial public offering in London designed to cut debt and give staff a chance to cash in shares...
18 May 2010
Carl Icahn has more than doubled his stake in biotechnology giant Genzyme Corp, where he is trying to get a board seat, the billionaire activist investor reported…
18 May 2010
Britain's Office of Fair Trading is to examine whether the outdoor advertising market offers fair value for buyers and consumers after players within the sector raised concerns...
18 May 2010
Sovereign wealth funds picked up their pace of spending in the second half of 2009 after an extended period of retrenchment during the global financial crisis...
18 May 2010
The Polish treasury ministry is in talks with Turkish Airlines over the sale of troubled Polish carrier LOT...
17 May 2010
British insurer Prudential Plc unveiled a $21 billion cash call as it tried to put its takeover of AIG's Asian unit back on track and launched a charm offensive to woo wary shareholders...
17 May 2010
The rest of Wall Street's pain is Goldman Sachs Group Inc's gain, but Wall Street's dominant firm is not off the hook just yet...
17 May 2010
Azerbaijan said on Monday it was still working with Turkey on the technical details of a long-awaited gas supply deal that could unlock Azeri gas reserves for the West...
17 May 2010
The Algerian government said on Monday Egyptian Orascom Telecom should not try to sell its Algerian unit to anyone other than the Algerian government...
17 May 2010
Washington Mutual Inc reached agreement with the Federal Deposit Insurance Corp on an amended plan of reorganization, bringing the company closer to exiting bankruptcy...
17 May 2010
Astellas Pharma, Japan's No.2 drugmaker, agreed to buy U.S. biotech OSI Pharmaceuticals for $4 billion in cash in a sweetened bid that will add OSI's blockbuster cancer drug Tarceva to its line-up...
17 May 2010
Europe's most polluting industries have reaped billions of euros from carbon markets by passing on to consumers the cost of carbon permits they were given for free, consultancy CE Delft said...
17 May 2010
The United Arab Emirates will start production from its offshore associated gas (OAG) project in July...
17 May 2010
Canadian construction company Churchill Corp said it will buy Seacliff Construction Corp for about C$380 million (US$371 million) in cash plus the assumption of about C$10 million of debt to expand in new markets...
17 May 2010
Canada's Toronto-Dominion Bank agreed to buy troubled U.S. lender South Financial Group Inc for about $61 million in cash or stock, less than half of the U.S. bank's current market value...
17 May 2010
Investor Carl Icahn appealed on Monday a bankruptcy court decision giving Donald Trump and a group of bondholders control of Atlantic City-based Trump Entertainment Resorts Inc...
17 May 2010
Canadian mutual fund assets under management rose in April, led by balanced funds, as rising investment values offset a drop in net sales, the Investment Funds Institute of Canada said...
17 May 2010
Tencent, China's most valuable Internet firm with a market capitalization bigger than eBay and Yahoo, turned heads in April when it paid $300 million in cash for…
17 May 2010
Energy giant BP has a "systematic safety problem" at its refineries, a U.S Labour Department official told the Financial Times in its Monday edition...
17 May 2010
American Express Co has teamed up with UK private equity firm Permira to bid for Royal Bank of Scotland's $4 billion payment processing arm, people familiar with the matter said...
17 May 2010
Iraqi Oil Minister Hussain al-Shahristani said on Monday the Oil Ministry was considering inviting foreign oil companies to develop the Middle Furat oilfields...
17 May 2010
Swiss-based developer Orascom Development's first-quarter net profit fell 22 percent after its rate of new home completions slowed...
17 May 2010
Iraq's Oil Ministry signed a final deal with China's CNOOC and state-run Turkish Petroleum Corporation (TPAO) on Monday to develop the 2.5-billion-barrel Maysan oilfield complex...
17 May 2010
Oil exports from Iraq's semi-autonomous northern Kurdish region will start only after the formation of a new Iraqi government...
17 May 2010
Turkish Airlines wants to buy troubled Polish air carrier LOT and already is in talks with Serbian JAT...
16 May 2010
Algeria is willing to buy Orascom Telecom's Algerian unit but has not made the Egyptian firm an offer and wants Orascom to clearly state its intention to sell...
16 May 2010
GE Capital, a unit of General Electric Co., plans to issue its second Islamic bond in late 2010 or in 2011...
16 May 2010
Oman's Galfar Engineering and Contracting Co reported a 843,000 rials ($2.78 mln) loss in the first-quarter mainly due to a project cost increase, but forecast improved results for the second half of the year...
16 May 2010
Gulf Arab oil producers need a strong single currency, and are watching the euro zone's troubles, but their goal is still a long way off...
16 May 2010
Abu Dhabi's Aabar Investments posted a leap in net profit in the first quarter to 1.58 billion dirhams ($430.2 million), mainly due to derivatives income, after revising its year-ago result to a deep loss...
16 May 2010
Oman's average oil production rose 8.7 percent to 855,400 barrels per day (bpd) in the first quarter of this year compared to the same period in 2009...
15 May 2010
Qatar expects further pressure on oil prices from the uncertainty engendered by the European debt crisis...
14 May 2010
Australian hospital operator Healthscope said it has received a $1.6 billion takeover approach from a group of buyout firms, which a source said were Carlyle Group and TPG…
14 May 2010
A big mystery seller of futures contracts during the market meltdown last week was not a hedge fund or a high frequency trader as many have suspected, but money manager Waddell & Reed Financial Inc...
14 May 2010
U.S. thermal imaging firm FLIR Systems Inc bought Raymarine, the UK maker of marine radar systems, out of administration in a deal worth $180 million, beating off competition from navigation systems maker Garmin...
14 May 2010
Britain's Prudential Plc is expected to outline divestments of some Asian assets in its upcoming rights offering prospectus in an effort to appease shareholder concerns about its planned AIA acquisition...
14 May 2010
A long-awaited gas deal between Turkey and Azerbaijan, expected to be signed within days, could unlock Azeri gas reserves for the West and eventually trim Europe's energy dependence on Russia...
14 May 2010
U.S. navigation device maker Garmin said it would raise its bid for debt-laden Raymarine by more than 16 percent, topping a third-party offer, if the British marine navigation supplier were...
14 May 2010
Britain's Office of Fair Trading (OFT) will examine if recent changes in the ownership of the UK's ports, airports, utilities and car parks has affected competition and consumers...
14 May 2010
Kosovo has awarded a 20-year concession contract to Aeroport de Lyon and its Turkish partner Limak to rebuild and manage its sole airport that will bring 100 million euros ($127 million) of investment to one of Europe's poorest countries...
14 May 2010
Speaking at the Reuters Manufacturing and Transportation summit, Jim Owens said that political efforts to discourage such cross-border deals, like China National Offshore Oil Corp's…
14 May 2010
Chicago Board of Trade May corn futures, up more than 6 percent since the first purchase of 115,000 tonnes was confirmed on April 28, fell 5-1/4 cents to $3.66-1/2 a bushel…
14 May 2010
Turkey's telecommunications board said on Friday it decided to open an investigation into the three telecom companies Turkcell, Avea - owned by Turk Telekom - and Vodafone's Turkish unit...
14 May 2010
The new coalition government faces its first brush with the European Union next week as the bloc's finance ministers are on course to back tough new rules on hedge funds against UK wishes...
13 May 2010
Car rental company Avis Budget said it filed notification with U.S. antitrust authorities, under Hart-Scott-Rodino Act, on its potential acquisition of Dollar Thrifty Automotive Group...
13 May 2010
Air Products and Chemicals Inc nominated three heavyweight corporate executives to Airgas Inc's board on Thursday and wants shareholders to hold an annual meeting every January...
13 May 2010
Medco Health Solutions Inc said that it planned to buy back $3 billion more of its stock as it finishes a share repurchase program of the same amount…
13 May 2010
Property developer Nakheel has received 50 percent approval from its trade creditors as part of Dubai World's $24.8 billion restructuring proposal, the company said in a statement...
13 May 2010
SAP's planned buy of Sybase for $5.8 billion to stay in the mobile data race with arch rival Oracle is raising concerns the German software company may be paying too much...
13 May 2010
The Senate approved two amendments to a landmark Wall Street reform bill that would shake-up the credit rating agency business, widely maligned for its role in…
13 May 2010
The Senate voted to impose tighter regulations on credit-rating agencies, which have been criticized for misjudging the risks of debt instruments at the core of the 2008-2009 financial crisis...
13 May 2010
Hong Kong's ambition to turn its stock exchange into a major destination for mining IPOs may be a slow burn given its existing ban on pure exploration companies and…
13 May 2010
U.S. authorities are expanding their probes of past mortgage securities deals, with New York's attorney general opening an investigation into whether eight banks misled rating agencies...
13 May 2010
Former Lehman Brothers Asia executives, who headed the bank's structured products division and its syndicate business, have launched their maiden hedge fund investing in…
13 May 2010
Penn West Energy Trust said on Thursday it plans to sell a 45 percent stake in a Canadian oil sands project to China Investment Corp for C$817 million ($801 million)...
13 May 2010
Five U.S. banks and four European lenders are being investigated by U.S. authorities, as they widen their probe of the role of banks in past mortgage securities deals, according to news reports...
13 May 2010
The New York attorney general has begun an investigation into eight banks to determine whether they provided misleading information to agencies that rate mortgage securities...
13 May 2010
Ford and Mazda both plan to set up their own separate joint ventures with Changan, a move which will give the automakers more leeway to design their own China strategies…
13 May 2010
Pru gets in principle nod for AIA buy - sources
13 May 2010
Energy giant BP was preparing on Thursday to once again try and staunch the unchecked flow of oil from a ruptured well that threatens an environmental disaster in the Gulf of Mexico...
12 May 2010
A majority of shareholders of Lions Gate Entertainment Corp, the Hollywood studio behind "Saw" and "Mad Men", voted in favor of a poison pill defense against unsolicited takeover bids...
12 May 2010
Wal-Mart Stores Inc agreed to pay as much as $86 million to settle a class-action lawsuit accusing it of failing to pay vacation, overtime and other wages to thousands of former workers in California...
12 May 2010
Eldorado Gold Corp said it has agreed to acquire gold exploration company Brazauro Resources Corp in an all-stock deal worth about C$122 million that will expand its asset base in Brazil...
12 May 2010
U.S. investment bank Rodman & Renshaw Capital Group Inc filed with the regulators to withdraw its shelf offering, citing sufficient strength in its balance sheet, sending its shares up 4 percent…
12 May 2010
Britain-based Standard Chartered aims to launch its share sale in India in two weeks and hopes to raise about $600 million, two sources with direct knowledge of the transaction said…
12 May 2010
The story of how Pennsylvania's capital city Harrisburg has lurched toward the precipice of financial ruin is a cuckoo tale involving one man's vision of creating a hub for museum lovers…
12 May 2010
British broadcaster ITV failed in its bid to win more freedom to set advertising prices but its shares rose 7 percent as a new Conservative-led government raised hopes of deregulation...
12 May 2010
An investing arm of Goldman Sachs is in the final stages of an agreement to buy AXA's $1.05 billion stake in Taikang Life, according to sources close to the matter, a deal that could give Goldman a...
12 May 2010
U.S. exchanges are considering a new circuit breaker for stocks listed on the Standard & Poor's 500 index that would trip when an individual security moves more than 10 percent in a 5-minute rolling period...
12 May 2010
Marks & Spencer has become the first major British retailer to launch a website specifically designed for mobile phones, it said on Wednesday, forecasting it could become the next big shopping trend.
12 May 2010
The number of Britons claiming unemployment benefit fell more than expected in April but the number out of work on the wider ILO measure rose to its highest since 1994, official data showed...
12 May 2010
The world's No. 2 exchange operator, Hong Kong Exchanges & Clearing, which reported healthy first-quarter growth, could face a tough time for the rest of 2010 if deteriorating market conditions crimp new listings...
11 May 2010
Clearview Hotel Trust Inc filed with U.S. regulators to raise up to $375 million in an initial public offering of common stock...
11 May 2010
Private equity firm Kohlberg Kravis Roberts & Co announced plans to issue new units after it becomes a publicly traded U.S. company…
11 May 2010
The offering would boost the amount of shares outstanding by about 30 percent based on the bank's market value of 2.65 trillion yen…
11 May 2010
New York Attorney General Andrew Cuomo sued a Bank of New York Mellon Corp unit and two of its former senior officers, claiming that they kept clients in the dark about problems they...
11 May 2010
The largest U.S. banks would be required to submit plans to regulators for their dismantling in times of severe distress, and securitizations with higher standards would get federal protection...
11 May 2010
Merger and acquisition (M&A) activity should rise by about a quarter this year on the back of robust deal-making in Asia and North America, the head of advisory at buyout firm Blackstone Group said...
11 May 2010
The newspaper empire of Canwest Global Communications Corp, pummeled by the Internet and recession, said it will be acquired by creditors led by one of Canada's leading media personalities...
11 May 2010
Market watchdogs and six major exchanges agreed new safeguards were needed to curb trading in plunging markets, an effort to address last Thursday's mysterious market free fall...
11 May 2010
The top U.S. securities regulator said no single event had been found to explain Thursday's mysterious market plunge but the events were unacceptable and additional safeguards were coming…
11 May 2010
The European Central Bank's decision to buy government bonds shows it is prepared to gamble its key principles and its credibility when the euro's survival is at stake…
11 May 2010
Resourcehouse, controlled by billionaire Clive Palmer, had appointed three more investment banks to help handle its Hong Kong IPO -- BOC International, Credit Suisse…
11 May 2010
Asia's central banks have led the world in raising policy rates as the region recovered faster than elsewhere from the global economic downturn…
11 May 2010
Trading in shares of Hutchison Telecommunications International Ltd was suspended, the Hong Kong exchange said…
11 May 2010
Britain's third largest party has suddenly found itself in the full glare of the political spotlight. It's an uncomfortable, and potentially dangerous, place...
11 May 2010
UK fund house Threadneedle is boosting staffing in Asia, a senior executive said, and will open an office in Dubai this year as it seeks to capitalise on the…
10 May 2010
Activist shareholder Carl Icahn raised his stake in mobile phone maker Motorola, according to a regulatory filing...
10 May 2010
Market watchdogs and six major exchanges agreed to a preliminary framework for curbing trading when markets are plunging, the Securities and Exchange Commission said...
10 May 2010
Property and casualty insurance provider Liberty Mutual Agency Corp filed with U.S. regulators to go public through a $100 million offering…
10 May 2010
Telecom equipment maker Comtech Telecommunications agreed to buy smaller rival CPI International Inc in a cash-and-stock deal worth $472.3 million, to bulk up its RF microwave business…
10 May 2010
A $1 trillion global emergency package to stabilize the euro unleashed a spectacular rally in world stocks but analysts said EU leaders had only bought time to tackle deep-seated fiscal problems...
10 May 2010
Oil major BP Plc said the oil spill in the Gulf of Mexico had cost it $350 million so far, suggesting the final bill could be much higher than many analysts predicted and sending its shares to a six-month low...
10 May 2010
Market jitters will probably delay the launch of an international board in Shanghai for the trading of overseas firms' shares, Li Jiange, chairman of China International Capital Corp…
10 May 2010
Yahoo Japan and Taobao, China's largest online retailer, will launch a strategic tie-up to sell each others' products, the companies said…
10 May 2010
The announcement came a month after China's third-biggest lender said it would invest $878 million in a state-owned firm building a high-speed railway linking Shanghai and Beijing…
10 May 2010
U.S. lawmakers said the Securities and Exchange Commission likely has the authority to deal with reforms after last week's massive market selloff but questioned its expertise, as regulators still hunt for answers...
10 May 2010
Fannie Mae, the largest U.S. residential mortgage funds provider, on Monday asked the government for an additional $8.4 billion after the company lost $13.1 billion in the first quarter...
10 May 2010
Qatar Holding, the investment arm of Qatar's sovereign wealth fund, has set up a $1 billion Indonesian fund to invest in infrastructure and natural resources in Southeast Asia's biggest economy...
10 May 2010
Goldman Sachs Group Inc, facing fraud charges from U.S. securities regulators, warned that more litigation and investigations could be coming...
10 May 2010
Lodging real estate investment trust Sunstone Hotel Investors Inc said it purchased two hotel loans for about $3.7 million, as it works its way around a sluggish market for hotel deals...
10 May 2010
A $1 trillion rescue package to stabilise the euro could bolster European banks' negotiating power as they attempt to fight stricter regulatory capital requirements they…
10 May 2010
Wealthy supporters seeking to buy English soccer club Manchester United said they would not overpay, after a source close to the matter said the club last year rejected a bid for 1.5 billion pounds ($2.3 billion)...
10 May 2010
Three major Unilever NV/Plc shareholders will vote against proposals to buy back 155 million euros of preference shares, the Anglo-Dutch consumer products group said, a move that could thwart the plan...
9 May 2010
Do your homework, pick your stocks, reinvest the dividends, and wait...
9 May 2010
The U.S. market for initial public offerings, which had just begun to warm up, could be facing another chill similar to that triggered by the financial crisis…
8 May 2010
European Union officials were working out the details of a financial support mechanism on Saturday to prevent Greece's debt turmoil spreading to Portugal and Spain, ready for approval…
7 May 2010
General Growth Properties Inc sought bankruptcy court approval for an investment deal led by Brookfield Asset Management Inc, after reducing a related warrants package by 14 percent...
7 May 2010
Countrywide Financial Corp, the mortgage lender acquired by Bank of America Corp, has agreed to a $624 million settlement of a lawsuit accusing it of misleading investors about its lending practices...
7 May 2010
Market turmoil stemming from fears of a European debt crisis and possible subsidy cuts has stymied the progress of two initial public offerings (IPO) in Spain's renewable energy sector...
7 May 2010
A British tax on bank executives' bonuses will cost two of the biggest U.S. banks a combined $1 billion...
7 May 2010
Hospital operator HCA Inc, backed by buyout firms Bain Capital and Kohlberg Kravis Roberts & Co filed for an initial public offering of up to $4.6 billion (3.12 billion pounds), the biggest buyout-backed offering since...
7 May 2010
Li & Fung said it planned to issue $400 million worth of notes with a maturity of 10 years and carrying a fixed interest rate of 5.25 percent per annum…
7 May 2010
World stocks extended sharp falls on Friday while government bonds rose as a global rout triggered by fears of contagion from the euro zone debt crisis prompted investors to dump risky assets...
7 May 2010
CGI Group Inc said it agreed to buy rival IT services provider Stanley Inc for about $900 million in cash to extend its U.S. footprint into the defense and intelligence sectors...
7 May 2010
A Canadian appeals court on Friday rejected Lions Gate Entertainment Corp's plea to restore the validity of its "poison pill" hostile-takeover defense, but the Hollywood studio said…
7 May 2010
Sterling sank to a one-year low against the dollar and fell sharply against the euro after partial results of a bitterly fought UK general election suggested no party would have overall control...
7 May 2010
American International Group has replaced Goldman Sachs as its main corporate adviser with Citigroup and Bank of America Corp, the New York Times said, citing three people with knowledge of the matter...
7 May 2010
European lawmakers will demand more clout for pan-EU watchdogs next Monday that would let them step in to take charge at struggling banks or ban market betting like short selling...
6 May 2010
The companies behind the oil drilling disaster threatening the fragile waterways and beaches of the Gulf Coast are beginning to turn on each other...
6 May 2010
Algeria's government is prepared to buy 100 percent of Orascom Telecom's Algerian unit, the official news agency quoted Finance Minister Karim Djoudi as saying...
6 May 2010
Endo Pharmaceuticals Inc said it would buy HealthTronics Inc for $223 million in cash to expand its urological products and services, and forecast earnings for the year above consensus estimates...
6 May 2010
Mexican asset manager Actinver priced a $58 million initial public offering, marking the second public listing in Mexico in a week after a nearly two-year drought…
6 May 2010
UAE-based low cost carrier Air Arabia, which is facing growing competition in the Gulf Arab region, said first-quarter net profit declined 51 percent on higher fuel costs and pressure on yield margins...
6 May 2010
Americold Realty Trust , backed by billionaire investor Ron Burkle, shelved its initial public offering on Thursday due to "market conditions," according to a market source...
6 May 2010
The world's top LNG exporter Qatar is pumping growing amounts of helium as a by-product of gas output and aims to become the world's second largest helium producer with a new plant...
6 May 2010
Egypt's Communications Ministry said on Thursday it had launched the first Internet domain name using Arabic letters to try to boost e-services and the number of people online in the most populous Arab nation...
6 May 2010
The property unit of conglomerate Swire Pacific has pulled plans to raise up to $2.7 billion through a Hong Kong initial public offering because of deteriorating market conditions…
6 May 2010
Jones Apparel Group Inc agreed to buy footwear company Stuart Weitzman Holdings, for an initial cash payment of $180 million, to expand its business in the upscale accessories market…
6 May 2010
The Securities and Exchange Commission is looking into disclosures made by billionaire investors Warren Buffett's Berkshire Hathaway Inc as it sought to purchase Burlington Northern Santa Fe Corp...
6 May 2010
Turkish mobile phone operator Turkcell's forecast 2010 sales growth in the "low single-digits" after first-quarter net profit fell as the market continued to contract...
6 May 2010
Turkish Airlines, Europe's fourth-biggest carrier, said it had decided to lease three Airbus airplanes, part of a major fleet expansion that is aimed at grabbing market share...
6 May 2010
Pharmaceutical services provider InVentiv Health Inc said it agreed to be acquired by private equity firm Thomas H. Lee Partners for about $1.1 billion...
6 May 2010
Hong Kong billionaire Li Ka-shing's Hutchison Whampoa is keen on investing in Israeli technology companies specializing in oil-sands and water technologies…
6 May 2010
Frank Stronach, the colorful founder of Magna International Inc, will release his grip on the world's No. 3 auto parts maker in a deal that will pay him nearly $900 million and...
6 May 2010
Ciena Capital LLC, a New York City business lender, has settled U.S. Justice Department fraud claims over its small-business lending practices for $26.3 million, in an agreement that…
6 May 2010
U.S. states and local governments sold $97 billion of Build America Bonds in the first year of the debt's existence, representing 20.5 percent of new issues, the U.S. Treasury Department…
6 May 2010
OPEC-member Kuwait offered several of its Asian customers the opportunity to receive fully contracted crude volumes for the second quarter after initially announcing supply curbs...
6 May 2010
An expansion of the Greek crisis to the rest of Europe could stimulate investment in Latin America, such as a $2 billion to $3 billion Portuguese pulp plant being studied in Uruguay...
6 May 2010
Malaysia's Bank Islam and Middle Eastern investors are keen to buy a stake in PT Bank Muamalat, the Indonesian bank said, as they look to tap Indonesia's vast but untested Islamic banking market...
6 May 2010
Shareholders in Lloyds Banking Group are set to quiz the bank's board on Thursday on pay, incentives and the decision to award CEO Eric Daniels a full bonus for 2009, despite billions of pounds of losses...
6 May 2010
Australia and New Zealand Banking Group Ltd has hired Goldman Sachs JBWere and JP Morgan to advise on its bid for a majority stake in Korea Exchange Bank…
5 May 2010
Washington Post Co said it is exploring a possible sale of its magazine Newsweek after sustaining losses for two years...
5 May 2010
A federal judge has rejected a request by German bank IKB Deutsche Industriebank AG to throw out U.S. investor lawsuits accusing it of fraudulently creating a risky debt vehicle it knew was likely to default...
5 May 2010
British insurer Prudential Plc fueled worries over its planned $35.5 billion acquisition of AIG's Asian unit as a last-minute regulatory delay forced it to put on ice its bumper cash call...
5 May 2010
Former Bear Stearns executives said the firm became the first major victim of the financial crisis due to unfounded rumors, not because of risky exposures to mortgage-related products with free-falling values...
5 May 2010
Garmin Ltd's quarterly profit came in well below Wall Street estimates, knocking its shares down as much as 15 percent as investors flagged a sharper-than-expected downward spiral in…
5 May 2010
Jiangsu Rongsheng Heavy Industries Co Ltd has appointed Morgan Stanley and JP Morgan to finalise plans for its long-awaited IPO in Hong Kong, aiming to raise up to…
5 May 2010
Agricultural Bank of China, the smallest of the country's Big Four banks, will apply on Tuesday for the Hong Kong portion of its $30 billion stock offering…
5 May 2010
Swiss engineering group ABB is to buy U.S. software company Ventyx for more than $1 billion, bolstering its position in the fast-growing area of renewable energy network management...
5 May 2010
All flights in and out of Ireland's main Dublin airport were to be halted as of mid morning on Wednesday due to a cloud of volcanic ash drifting south from Iceland, the Irish Aviation Authority said...
5 May 2010
Prudential delayed the issue of eagerly anticipated details of its $21 billion cash call, and an industry source said the insurer had hit a regulatory snag...
4 May 2010
Australia's top gold miner, Newcrest Mining, agreed a $8.5 billion takeover of Lihir Gold, signaling a hunger for foreign income among local miners after Canberra hit them with a new tax…
4 May 2010
Silver Lake and Warburg Pincus are to buy financial data provider Interactive Data (IDC) for $3.4 billion in cash, including a $2 billion payment to majority owner Pearson which it will use to expand…
4 May 2010
Avis Budget fired its first salvo in what could turn out to be a protracted takeout saga for Dollar Thrifty, as the dwindling number of players in the car rental market is likely to...
4 May 2010
Bezeq Israel Telecom reported a slight rise in quarterly profit, boosted by double-digit growth at its mobile phone unit, but its profit fell short of expectations...
4 May 2010
Oil India and Indian Oil Corp have withdrawn a preliminary approach for Syrian-focused oil explorer Gulfsands Petroleum, sending shares in Gulfsands lower...
4 May 2010
The head of the U.S. Department of Justice's Criminal Division said the U.S. Securities and Exchange Commission will no longer delay civil enforcement actions so prosecutors can pursue related criminal cases...
4 May 2010
The White House published a list of financial reforms it means to defend against Wall Street lobbyists in the Senate but omitted a tough provision that has drawn criticism from prominent banking regulators...
4 May 2010
Algeria's government might consider buying Orascom Telecom's Algerian unit directly or purchasing it via another body ...
4 May 2010
U.S. pressure has prompted a growing number of oil firms, trading houses and other international companies to halt business with Iran this year ...
4 May 2010
The European Commission has told credit rating agencies to watch their step when judging a country's financial health, saying they would probe their work and could even set up a central agency...
4 May 2010
Indian engineering and construction conglomerate Larsen & Toubro said on Tuesday it has formed a joint venture with the UK's Howden to manufacture components for Indian thermal power plants...
4 May 2010
Dubai World's creditors have agreed in principal on the technical aspects of a debt restructuring agreement and should reach on an overall deal within two weeks...
4 May 2010
The People's Bank of China said it was lifting lenders' reserve requirement ratio by 50 basis points, effective May 10, its third increase of that magnitude this year…
4 May 2010
The insurer will either land one of the most audacious takeovers since the start of the credit crunch -- still the most likely option by a slim margin -- or be left behind looking vulnerable as…
4 May 2010
Industrial conglomerate Emerson Electric Co reported a lower-than-expected quarterly profit and said U.S. and European economies may not come back as strongly as in past economic cycles…
4 May 2010
An influential U.S. Republican lawmaker said he expects a proposal to require banks to spin off their swap-trading desks will be dropped from Wall Street reform…
4 May 2010
The electronics manufacturing services (EMS) industry, which puts together consumer products for the world's biggest PC makers like Dell and cellphone companies like Nokia…
4 May 2010
Dutch company NXP Semiconductors NV, whose parent is preparing a possible $1.15 billion U.S. initial public offering, said on Tuesday its quarterly loss fell by more than half as sales improved…
4 May 2010
British Land and private equity house Blackstone have announced intentions to build a new City of London headquarters for UBS, as financial occupiers reconsider how to…
4 May 2010
News, details on corporate bond issues in the European markets on Tuesday...
4 May 2010
Prime Minister Gordon Brown gave an interview to the BBC…
4 May 2010
Political parties should work together to devise a credible plan for tackling a record budget deficit and not become distracted by a dispute over when to start a fiscal squeeze…
4 May 2010
S&P Valuation and Risk Strategies, part of McGraw-Hill Co's Standard & Poor's, has launched a new credit score tool that lets users compare credit profiles of more than 26,000 companies worldwide...
4 May 2010
Google Inc's corporate venture arm plans to pick up the pace in 2010, as the $100-million-a year-fund marks its first anniversary with a bigger team and the intention to look for deals outside of North America...
4 May 2010
United Airlines parent UAL Corp will buy Continental Airlines Inc for $3.17 billion in an all-stock deal that will form the world's largest carrier and potentially prune excess capacity in the airline industry...
3 May 2010
The planned IPO, the world's biggest ever, could raise as much as $30 billion…
3 May 2010
The ongoing round of fund-raising by China's top banks is turning into a dash for cash, with industry heavyweights muscling to be first in line amid worries that markets could quickly tire of China's needy lenders...
3 May 2010
Goldman Sachs Group Inc, in a rare move, disclosed a trove of information about the many lawsuits and shareholder challenges facing the bank...
3 May 2010
Orascom Telecom has a week to disclose further detail on the Mobinil deal reached with co-owner France Telecom ...
3 May 2010
Dubai World's restructuring plan is "very fair" and could be signed by lenders in coming weeks ...
3 May 2010
Algeria's government is prepared to buy Orascom Telecom's Algerian unit ...
3 May 2010
Theme park operator Six Flags Inc emerged from Chapter 11 bankruptcy after wiping out more than a billion dollars in debt by turning the company's ownership over to bondholders...
3 May 2010
GMAC Financial Services, a lender that is majority-owned by the U.S. government, posted its first profit since the fourth quarter of 2008, as the company started to recover from lingering bad mortgage assets...
3 May 2010
Canada's Shaw Communications Inc said it reached with the debtholders of Canwest Global Communications to acquire the television operations of the bankrupt media company for...
3 May 2010
Oil explorer Gulfsands Petroleum said it continued to reject a 381 million pound ($585.2 million) preliminary approach after receiving a reiteration of the original bid from two Indian suitors...
3 May 2010
Turk Telekom said on Monday it would start exclusive talks to acquire central European data capacity and services firm Invitel International, as it looks develop to develop its data operations unit...
3 May 2010
The total bill related to the oil spill drifting toward Louisiana from a well operated by BP Plc in the Gulf of Mexico, could exceed $14 billion…
3 May 2010
Privately held restaurant chain Dave & Buster's Inc said it was being bought by private equity firm Oak Hill Capital Partners for $570 million from current owner Wellspring Capital Management…
3 May 2010
Industrial & Commercial Bank of China (ICBC), the world's most valuable bank, has raised its capital adequacy ratio targets this year through 2012, the bank said…
3 May 2010
Orascom Telecom has a week to disclose further detail on the Mobinil deal reached with co-owner France Telecom, Egypt's market regulator said...
3 May 2010
Singapore shares fell on Monday while Indonesia closed weaker, after hitting a new record high, on global worries including the timing of recovery in Europe, negative sentiment after U.S. bomb threats and China's tightening move...
2 May 2010
April's jobs report and a slew of other economic indicators may bolster U.S. stocks this week, but jitters over Greece's debt and investigations into Goldman Sachs will test the market's resiliency...
2 May 2010
Kuwait Energy Company said on Sunday it struck oil in a field in Egypt's Western Desert...
2 May 2010
Norwegian aluminium producer Norsk Hydro said it was buying the aluminium business of Brazilian mining giant Vale for $4.9 billion (3.2 billion pounds) including debt...
2 May 2010
Algeria's government on Sunday repeated a demand that Egypt's Orascom Telecom consult it about a plan to sell its Algerian unit to South Africa's MTN...
2 May 2010
Gas production at Iran's giant offshore natural gas field South Pars will rise to 175 million cubic metres per day within the next two years...
2 May 2010
The huge oil spillage in the Gulf of Mexico could cost British energy giant BP over 3 billion pounds ($4.6 billion) in containment and clean-up expenses...
2 May 2010
Chinese lighting products supplier NVC Lighting plans to raise up to $272 million in a Hong Kong initial public offering, a source close to the deal said…
2 May 2010
Foreign investors staked $3.8 billion in Indonesia in the first quarter of 2010 thanks to a recovering global economy...
1 May 2010
Italy's Saipem emerged as the biggest winner in a $5.6 billion round of contracts from Abu Dhabi National Oil Company (ADNOC) for the Shah gas field, days after ConocoPhillips' bailed out of the project...