FINANCE
09 September 02:30
Including no fewer than nine mezzanine finance agreements, Harrah’s Entertainment has filed a 3,500-page restructuring document more dizzying than a roulette wheel…
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08 September 08:52
Oil giant BP <BP.L> is open to talks about selling assets to Russian companies as part of its $30 billion fund raising programme to help pay for the Gulf of Mexico oil spill, the group's Russia chief said on Wednesday...
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08 September 04:13
Dubai may have to step up asset sales and government borrowing as a heavy debt repayment schedule for state-linked companies over the next few years puts pressure on government finances...
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08 September 03:32
Saudi state-owned Saline Water Conversion Corp (SWCC) has awarded a $2.44 billion power plant contract to a group led by China's Sepco III Electric Power Construction Corp...
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08 September 02:32
Emirates Telecommunication Corp, the Arab world's second-largest telecom operator by market value, does not expect a deal with India's Reliance Communications in 2010...
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07 September 01:00
The designation of Morgan Stanley and China Investment Corp. as bank holding companies is complicating the regulatory approval process for the duo’s investment agreement…
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06 September 20:35
British Airways would be interested in discussing a merger with Qantas Airways, if Australia's top airline was a willing party, BA Chief Executive Willie Walsh said in a newspaper interview...
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06 September 19:43
New Zealand's biggest airport, Auckland International Airport Ltd., will meet with Australian bond and equity investors to update them on the firm's annual results, it said...
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06 September 06:30
Mobinil, Egypt's top mobile firm by subscribers, is considering issuing bonds with a value of 1 billion Egyptian pounds ($180 million)...
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06 September 00:05
While bankruptcies have moved off of the front pages, they are still proceeding. U.S. chemical concern Tronox, Inc., has filed a plan to exit Chapter 11 by the end of November...
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05 September 03:29
Israeli conglomerate Delek Group said on Sunday it was in talks to sell 22 percent of Delek Automotive Systems for 1 billion shekels ($264.6 million) to Gil Agmon...
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03 September 08:54
Brazilian state oil company Petrobras filed to sell up to $64.5 billion of new stock -- the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan...
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03 September 02:45
The U.S. Treasury is concerned about how many foreign investors it should allow to buy big stakes in General Motors Co's proposed initial public offering, the Wall Street Journal said..
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03 September 01:30
Its economy is predicted to grow by 4 per cent next year, it has one of the lowest deficit forecasts in the EU and bond markets are alive with its issues. No it’s not Germany but…
Precedent Watch
03 September 01:00
A pair of financial services companies are banking on the public markets. These companies have extremely different client bases and business models, but the same aspirations...
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03 September 00:30
With a multi-jurisdictional placing almost as smart as its name, Masawara is hoping that investors will see the potential for growth in Zimbabwe as the southern African country stands poised for political change…
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02 September 22:00
Australian iron ore miner Fortescue Metals and its CEO have been sued by the company's third-largest shareholder to stop it from raising funds, citing a breach of a 2006 funding deal...
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02 September 07:05
Indonesian coal miner PT Harum Energy, owned by Tanito Coal Group, aims to raise as much as 4.1 trillion rupiah ($455 million) in its initial public offering, based on the share price range set...
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02 September 04:03
Indian energy major Reliance Industries, controlled by billionaire Mukesh Ambani, has bought an additional 0.68 percent in EIH Ltd, raising its holding to 14.8 percent in the hotel chain...
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02 September 02:00
TransAtlantic Petroleum Ltd. entered into a $30 million credit agreement with Standard Bank PLC to fund a pair of acquisitions. Earlier this summer the aptly named TransAtlantic agreed to...
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01 September 22:29
China's Sinochem has hired HSBC bank to advise it on its options regarding Potash Corp, the target of a $38.6 billion hostile bid from BHP Billiton...
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01 September 17:39
Australian energy firm Santos Ltd plans to raise as much as A$2 billion ($1.8 billion) in a rights issue to fund its Curtis Island liquefied natural gas project, The Australian newspaper said...
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01 September 01:46
Israeli energy, automotive and real estate conglomerate Delek Group reported a drop in quarterly net profit, weighed down by higher financial expenses due to yen strength versus the shekel...
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01 September 01:00
American industrial giant 3M has proposed a billion-dollar acquisition of biometric identification solutions provider Cogent, Inc…
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01 September 00:15
Leading automated retail solution provider Coinstar, Inc is looking forward to counting the coins from the $41.5 million sale of its money transfer business...
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31 August 04:28
Naguib Sawiris, chairman of Orascom Telecom, said his holding company Weather Investments was talking to telecoms group Vimpelcom about a merger and was open to talks with others...
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31 August 03:27
Oman has awarded Saudi National Contracting Co and India's Larsen & Toubro two separate contracts worth 32.1 million rials ($83.4 million) to build power transmission units...
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30 August 03:08
A former Taiwanese diplomat who says he wants to "save" American International Group's Taiwan unit from being bought by a Chinese firm is lining up a $2.5 billion bid with Japanese and...
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30 August 01:30
Express Scripts, a leading U.S. pharmacy benefits management company, has benefitted from a shiny new $750 million credit facility of its own...
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30 August 01:24
Egyptian telecoms mogul Naguib Sawiris is in talks to sell a majority stake in mobile firm Orascom Telecom and Italy's No. 3 operator Wind to telecoms group Vimpelcom...
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30 August 01:00
The China Banking Regulatory Commission’s stern words to banks recently, intended to crack down on off-balance sheet loans, may be falling on half open ears. While the CBRC is empowered to…
Precedent Watch
29 August 01:39
Dubai World's willingness to sell prized assets such as ports operator DP World to pay down its debt pile is considered such a drastic move that analysts see it more as a last-resort bargaining tactic...
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27 August 07:44
German national rail operator Deutsche Bahn aims to take advantage of historically low interest rates to sell at least one billion euros in bonds on capital markets this year, Bahn board member Richard Lutz said...
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27 August 05:02
India's value-added (VAS) telecom service providers are girding up to raise money from the primary market as they get ready to support India's plan to launch 3G services that promises to boost telecom profits...
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27 August 01:00
Strategic concerns for companies planning IPOs might have taken an unexpected twist recently, with the technological capacity of trading exchanges now driving (and preventing) some IPO activity...
Precedent Watch
27 August 00:45
Rumoured to be gunning for a large chunk of American utility company InterGen, China’s leading electricity producer appears to be…
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26 August 09:43
Vodafone is likely to sell assets in Poland, China and eventually France as it starts a retreat from sprawling international expansion designed to appease investors who believe it needs more discipline...
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26 August 04:19
Vodafone Essar, India's No.3 mobile company, has decided not to proceed with an initial public offering of the joint venture for now, sources familiar with the matter told Reuters...
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26 August 03:35
Adani group plans to invest in a $1.6 billion coal railway project in Indonesia's South Sumatra province...
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26 August 02:42
Kuwaiti carrier Jazeera Airways said it was cancelling a premium on a planned rights issue and it expects support from its shareholders and lenders to provide liquidity...
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26 August 02:21
Oman's Nawras, a subsidiary of Qatar Telecom is looking to raise up to 400 million rials ($1.04 billion) from its initial public offering...
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26 August 02:10
Turkey's first Islamic bond, from lender Kuveyt Turk, will pay a coupon of 5.25 percent and was 45 percent oversubscribed by investors...
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25 August 15:25
Niche Dutch luxury cars maker Spyker Cars, which bought Sweden's Saab from General Motors Co earlier this year, has informed stock exchange NYSE Euronext that it has more liabilities than assets...
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25 August 15:19
Even as UBS launches a global campaign to revive its banged-up brand, the Swiss bank's U.S. brokerage faces another costly and embarrassing wave of regulatory actions...
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25 August 02:30
There is a new mega-VC in town, and the U.S. government is its name. Companies from Tesla Motors to Solyndra to Hoku Corporation have been among the prime beneficiaries…
Precedent Watch
25 August 02:00
In a year of firsts for credit ratings agencies, including Dodd-Frank’s imposition of expert liability and a bevy of innovative lawsuits, Moody’s has entered the debt market with...
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25 August 00:30
M&A financing remains in short supply around the world, and with the financial cupboard bare, UK companies are looking to an older form of trade to do business – trading assets instead of money…
Precedent Watch
23 August 10:20
Casey's General Stores, the U.S. chain that is the target of a hostile takeover bid by Canada's Alimentation Couche-Tard, appealed to shareholders...
Reuters News
23 August 10:09
Bailed-out insurer American International Group Inc said it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far...
Reuters News
23 August 02:30
Amidst Dodd-Frank’s move to rein in proprietary investment by banks, at least one group at Goldman Sachs has found its business humming…
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23 August 02:05
Low-cost Saudi carrier Sama is suspending operations after the private firm failed to obtain financing from investors or government support as losses accumulated...
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20 August 00:30
The pharma industry must be taking activity-boosting drugs, to judge from the quickened deal pace over the last week. The spate of recent deals includes two mergers, a PIPE, a private placement, and an IPO...
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19 August 21:05
Hong Kong's PCCW sold $500 million of bonds due in 5-½ years at a coupon rate of 4.25 percent, a source close to the deal said...
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19 August 18:00
The Hong Kong Government has recently released the conclusions to its public consultations on a corporate rescue scheme. A statutory regime to facilitate corporate restructurings for...
Precedent Watch - Guest Author
19 August 17:10
Duoyuan Global Water, China’s leading water treatment equipment supplier, has fared well through the nation’s flood season. Guo Wenhua, the company’s CEO, recently announced the results of its second fiscal quarter on August 18 2010…
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19 August 02:30
Companies don’t just restructure when the going gets tough but also when the going gets really good, as evidenced by Parallel Media Group’s recent announcement of its capital reorganisation…
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18 August 02:30
A $25 million sideline acquisition has gushed into a $750 million merger between Nabors Industries and Superior Wells Services…
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16 August 22:02
China drew $58.35 billion in foreign direct investment in the first seven months of the year, 20.7 percent more than in the same period of 2009, the Ministry of Commerce said...
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16 August 15:40
Fund giant Fidelity Investments sharply raised its holdings of oil firm Exxon Mobil in the second quarter, a filing showed, though it reduced other large positions including stakes in Google Inc and...
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16 August 12:53
The Muslim fasting month of Ramadan may be delaying the start of talks between the Algerian government and Egypt's Orascom Telecom to buy the mobile firm's Djezzy unit...
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16 August 12:37
Chinese cement producer West China Cement Ltd raised US$179 million after pricing its Hong Kong initial public offering at top of an indicated range, sources familiar with the deal said...
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16 August 04:19
Vedanta to buy stake in Cairn India for £5.4 - 6.1 billion...
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16 August 01:00
While the world idles away the dog days of summer, DirecTV has had a busy August, wheeling and dealing as it buys back shares and issues billions in new debt...
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16 August 00:30
A happy ending was sealed last week for another SPAC that had been scouring the PRC for a suitable acquisition target. GSME Acquisition Partner I, a Cayman…
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13 August 11:09
Blockbuster Inc said it had extended a debt-payment deadline to the end of September, but reported a wider loss and warned it might have to liquidate, sending its shares down 20 percent...
Reuters News
12 August 02:32
Insurer Prudential said it had trimmed the cost of its failed bid for AIG's Asian unit as it reported a forecast-beating half-year profit, helped by a strong performance from its own Asian business...
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12 August 02:30
Liberty Media Corp. has turned to the courts to grease the skids for a proposed “split−off.” Liberty, a multi-faceted conglomerate with more than $16 billion in assets, has filed…
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12 August 01:30
Magnachip Semiconductor, a Delaware technology maker may be readying its forces to IPO in the United States, after a withdrawn attempt earlier this year. Fresh from Chapter 11 restructuring…
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11 August 01:30
The world's newest energy player, Israel, has burst onto the world stage leveraging both clean tech brains and hydrocarbon brawn. Houston's Noble Energy and Ormat Technologies of Nevada, meanwhile...
Precedent Watch
10 August 12:42
A joint venture of private Turkish companies Is-Kaya Insaat and MMEKA Machinery made top bids totalling nearly $5 billion for rights to operate two Turkish power grids...
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10 August 11:36
For once, Sao Paulo's horrid traffic could help a local company get somewhere...
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10 August 05:02
Three groups including India's Mahindra have made binding offers to buy the troubled South Korean car maker Ssangyong Motor Co, Yonhap news agency reported...
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09 August 01:00
In a deal which illustrates the complicated interplay in global transactions of currency, tax and regional concerns, one of the largest oil companies in the world, Total SA recently announced...
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06 August 05:34
Russian oil major LUKOIL is expected to sign a $1.5 billion loan to finance a $3.44 billion share repurchase from ConocoPhillips, banking sources told Reuters...
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06 August 02:30
Tender offers can lead to firm terms on private equity deals, and have become an increasingly common deal structure...
Precedent Watch
06 August 02:00
The delisting of Hutchison Telecommunications, which has been in the works since early 2010, recently drew attention from New York securities regulators, who honed in on…
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06 August 01:00
Despite all the fuss over Dodd-Frank, U.S. regulators are not the only ones cracking down on the financial services industry. In Canada, the credit rating business is now in the direct line of sight of regulators...
Precedent Watch
05 August 02:51
Barclays profit jumps on bad debt fall, credit gain...
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05 August 00:15
In one of the world’s most ambitious diversification programs, the United Arab Emirates has staked out the most high tech of them all: aerospace…
Precedent Watch
05 August 00:10
Swiss investors unveiled Algeria's first Western-style shopping mall on Wednesday, a 70-million-euro project that marks the first major foray by foreigners into the energy exporters' untapped retail market...
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04 August 08:59
American authorities are investigating the U.S. division of global banking group HSBC over its compliance with anti-money laundering procedures, according to a regulatory filing...
Reuters News
04 August 04:26
Romania's international lenders extended a 20 billion euro bailout programme, reassuring investors spooked by the country's deep recession, though it may face tougher compliance hurdles in future...
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04 August 02:20
Malaysian state investor Khazanah sold S$1.5 billion ($1.1 billion) in sukuk, Singapore's largest Islamic bond issue, which could help ignite interest in the city state's fledgling sukuk market...
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03 August 21:32
State-controlled Thai Airways International Pcl has proposed a 20 billion baht ($620 million) rights offering to pay off debt, but the Finance Ministry will decide the final amount...
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03 August 07:11
Sanofi-Aventis sent a takeover proposal valued at about $18.4 billion, or $69 per share, to biotechnology company Genzyme Corp and the two sides are discussing the offer...
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03 August 02:00
Mauritius has proven itself a jewel in the hands of clever lawyers looking to do deals from rapidly developing India to the Islamic Gulf. With its mix of friendly corporate and…
Precedent Watch
03 August 01:56
Kuwaiti telecom Zain could be nearing the end of a year-long stake sale saga, with Abu Dhabi-listed Emirates Telecommunications thought to be running the rule over its regional rival...
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03 August 01:00
Kuwait's sovereign wealth fund and BP Plc denied a local newspaper report that the embattled oil giant had asked the fund to raise its stake in the company to 3 percent...
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01 August 01:00
France Telecom's Orange mobile carrier is in talks with the owners of Morocco's second-biggest telecoms firm Meditel to acquire a 40 percent share in the Moroccan company...
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30 July 02:30
Corporate bond offerings are hot these days, despite Dodd-Frank’s confusing impact on bond activity. Issuers from Agilent to Target, lured by low long term rates, have recently...
Precedent Watch
30 July 02:00
Billionaire Li Ka-shing has offered to buy UK power grids from France's EDF for 5.8 billion pounds ($9.1 billion), giving his companies a foothold in more lucrative overseas markets...
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30 July 02:00
Reverse takeovers are on the uptick, as is the legal complexity that rides alongside them, sometimes stopping them in their tracks. Fueling this is an increase in UK cash shells, and both LSE and AIM companies benefit…
Precedent Watch
30 July 02:00
In a too-good-not-to-be-true story, Lisboa Leisure, Inc. will conduct an initial public offering in hopes of realizing $32,000 in proceeds…
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29 July 19:42
Toyota Motor Corp is considering offering cash incentives of 50,000 yen ($580) per car to its dealers throughout Japan from Oct. 1, the Tokyo Shimbun newspaper reported...
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29 July 12:26
Volkswagen will keep adding to its more than $20 billion cash pile as it girds for an acquisition spree that could help it overtake Toyota as the world's number one carmaker before the decade is out...
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29 July 03:24
Metro Bank, Britain's first new High Street retail bank in more than 100 years, opened for business with high hopes of breaking into a sector shaken up by the global credit crisis...
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29 July 01:00
Saudi Aramco has signed contracts with international firms to build a multi-billion dollar refinery at Yanbu on Saudi Arabia's Red Sea coast...
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28 July 22:20
Malaysian billionaire Ananda Krishnan is set to buyout utilities and gaming company Tanjong Plc, the second of his listed firms in three days in a deal worth 4.4 billion ringgit ($1.38 billion)...
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28 July 01:41
Egyptian real estate firm SODIC, seeking new land near its flagship Allegria project, said it had bid for 410 feddans (426 acres) in the Cairo suburb of Sheikh Zayed City...
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28 July 01:00
Somehow, the philosophy of ‘everyone’s gotta eat’ has not been translating into gushing profits for the world’s agribusiness conglomerates. Cutthroat competitors Archer Daniels Midland, Cargill and Bunge, among others, are reporting something in common to shareholders…
Precedent Watch
28 July 01:00
Contrary to other industries’ credit woes, Israel’s cash-laden Radvision has announced an offer to repurchase nearly a million of its shares representing 5% of the company’s voting power…
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28 July 00:15
Canadian issuers, including MDS, Genworth MI and ACE Canadian Holdings, are together spending billions buying back their own shares, a sign some view as evidence that…
Precedent Watch
27 July 01:30
Ageas, formerly known as Fortis, has agreed to sell its Turkish insurance business to BNP Paribas, a further step in the Belgium-based group's streamlining of its operations...
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27 July 00:30
After a sluggish 2009, the forecast for Canadian IPOs was supposed to have improved. Indeed, 2010 started out well. But when…
Precedent Watch
26 July 23:15
Chinese developer Shimao Property Holdings said it hired banks to help arrange a series of meetings with investors ahead of a planned dollar bond issue…
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26 July 05:15
China Everbright Bank's plan to raise up to $2.9 billion in a Shanghai IPO has been approved by the securities regulator, two sources said, in what will be the latest Chinese bank to try and...
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26 July 04:52
The European Union's new financial supervisory bodies should not be able to directly regulate a domestic bank, a government minister said...
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26 July 02:30
In the latest bit of alchemy furthering the financial health of chemical makers, specialty chemical company Lubrizol Corporation recently whipped up a $500 million batch of credit with the help of…
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26 July 02:00
In one of the most controversial UK IPOs this year, Ocado has plowed ahead with its initial public offering, despite criticism over its market valuation and its last minute revisions to…
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26 July 01:30
Much of the US$55 billion in outbound investment, invested in the first half of 2010 by Chinese entities, can be credited to agile corporate counsel. Navigating through the maze of China’s outbound investment laws, these lawyers…
Precedent Watch
23 July 04:39
With the results of stress tests on 91 European banks looming, financial institutions have been coming up with their own scenarios of what to expect...
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23 July 04:33
Several Spanish savings banks fail stress test - report...
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23 July 03:00
BP is building up its war chest to confront the massive cash outlays it faces through a blockbuster deal to sell oil & gas properties in Egypt, Canada and the Permian Basin of Texas, to Apache Corp. for $ 7 billion...
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23 July 00:15
Faced with overwhelming telecom competition, M&A provides a welcome respite. In their corner of VOIP, YMax Corp. and Israel’s VocalTec Communications Ltd. are...
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22 July 21:12
JFE Holdings Inc, Japan's second-biggest steelmaker, plans to invest about $1 billion in India's JSW Steel Ltd, Bloomberg reported, citing a person with knowledge of the deal...
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22 July 15:39
The State Bank of India sold $1 billion of five-year notes, said IFR, a Thomson Reuters service...
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22 July 02:18
Struggling state firm Dubai World is ready to use a special tribunal to force rebel lenders into line on plans to delay repayment of $14.4 billion in debts...
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22 July 01:30
Global companies, take note of the Agricultural Bank of China’s neat ruse to improve the prospects of its recent Hong Kong IPO…
Precedent Watch
21 July 11:46
Amaya Gaming Group, a Montreal-based developer of technologies for online gambling, said it raised C$5 million ($4.81 million) in an initial public offering it made to finance growth...
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21 July 01:30
In the PRC’s highly regulated economy, listed companies and business not directly in the real estate sector can be intimately affected by regulatory changes such as those pertaining to zoning and land-use…
Precedent Watch
21 July 01:26
The U.S. securities regulator was aware of Wall Street's potentially questionable accounting practice of classifying repurchase agreements as sales instead of borrowings long before the...
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21 July 00:30
U.S. and Chinese media companies have at least thing in common – no it’s not their love of kung fu movies. Companies on both sides of the Pacific are restructuring…
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21 July 00:27
Emirates Telecommunication Corp., the Arab world's second-largest telecom operator by market value, said on Tuesday it will invest $163 million in an expansion of its Sri Lankan network...
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20 July 03:28
Ireland to auction bonds after Moody's downgrade...
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19 July 20:42
India's Tata Steel has started talks with lenders including Citigroup to refinance as much as 3.5 billion pounds ($5.4 billion) in loans for its British unit, Bloomberg reported...
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19 July 12:45
Emirates Telecommunications (Etisalat) is close to buying 26 percent in telecoms firm Reliance Communications...
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19 July 11:26
Bombardier is ready to sell its new C-series passenger jet to Qatar Airways but is waiting on Qatar to sort out problems with engine maker Pratt & Whitney...
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19 July 04:02
Moody's downgraded Ireland's sovereign bond rating by one notch to Aa2, citing weaker growth prospects and the high costs of rebuilding the country's crisis-hit banking system...
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19 July 03:00
Companies once crying poverty and filing for bankruptcy are quickly turning around and giving their stakeholders a payday, moving out of the poorhouse into the penthouse…
Precedent Watch
19 July 02:00
India is gaining new corporate renown as, via acquisitions and exchanges, its companies migrate worldwide…
Precedent Watch
18 July 23:08
Malaysian state investor Khazanah may have to pay more than S$4.00 a share for Singapore's Parkway, or at least 3.1 percent above its share price to ward off rival bidder Fortis Healthcare...
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17 July 15:14
Emirates airline is set to place a $5 billion order for 20 Boeing 777 wide-body jets...
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16 July 06:15
Even before bankers can finish celebrating the completion of Agricultural Bank of China's roughly $20 billion offer, they're preparing for an invite to another major IPO party…
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16 July 05:29
Citigroup Inc and AIG classified more than $11 billion in loans as sales in the second half of 2009, masking the companies' risk levels, filings with the U.S. Securities regulator showed....
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16 July 04:31
Wall Street reform clears Congress...
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16 July 03:00
Turner Construction Company has scored a deal with Madison Square Garden, LP to manage the transformation of the Madison Square Garden Arena and the...
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16 July 02:15
A newly hatched Malaysian IPO demonstrates the lure of iconic American brands, yet in a decidedly un-American style offering...
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16 July 00:15
Buy shares in a leading British company and you might be buying more than you bargained for, as emerging market deals come into play…
Precedent Watch
15 July 12:48
Weather Investments, the holding company of Egyptian businessman Naguib Sawiris, is considering a move into Poland and Serbia after the success of its mobile operations in Italy...
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15 July 05:19
Spain sold 3 billion euros ($3.8 billion) of a 15-year benchmark bond, at the top end of the Treasury's target range, following previous successful auctions in euro zone periphery countries this week...
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15 July 02:00
A group of former Israeli Air Force fighter pilots has taken a dogfight to the boardroom as Israel’s Magal Security Systems braces for a potentially bruising proxy battle…
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14 July 07:33
Debt-laden Dubai property developer Nakheel outlined detailed terms of its plans to repay bank lenders, asking them to respond to the proposal by August 31...
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14 July 02:46
Tata Steel denied a media report the company was planning to raise about $2 billion through fresh equity over the next quarter to help fund expansion. "Nothing at this point"...
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14 July 02:30
Major pharmaceutical deals, like those involving Teva and Pfizer, are unfolding under the twin pressures of healthcare reform in the U.S. and downward price pressure on...
Precedent Watch
14 July 01:30
Summer is turning up the heat in the northern hemisphere. As travelers are packing their bags, legal counsel of PRC hospitality and travel companies have been…
Precedent Watch
14 July 01:08
Israeli drug development company BioLineRx is planning a share offering on U.S. exchange NASDAQ...
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14 July 00:30
Gift basket retailer Harry & David recently amended its existing credit agreement, extending the maturity date and reducing the size of the facility…
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13 July 17:30
Under China’s Anti-Monopoly Law and the Filing Thresholds Regulations, the State Council has delegated to MOFCOM the right to investigate…
Precedent Watch - Guest Author
13 July 13:00
Citigroup Inc said it agreed to sell its private equity unit to StepStone Group LLC and Lexington Partners...
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13 July 08:42
Borders Group Inc said that it had agreed to sell a British-based retailer of stationery, cards and gifts to Primary Capital Ltd for about $31 million (20.5 million pounds)...
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13 July 05:03
Banks in Florida are requesting that U.S. federal regulators exempt them from mandatory higher capital requirements because they...
Reuters News
13 July 01:00
Whilst stock market wobbles continue to disrupt the IPO plans of many, a few surprisingly risky companies have managed to get their equity issues off the ground recently…
Precedent Watch
11 July 08:29
Troubled state conglomerate Dubai World has invited creditors to a July 22 meeting to offer details on its multi-billion dollar debt restructuring, the first session to include all lenders since December 2009...
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11 July 05:41
German transport group Deutsche Bahn, Italy's Astaldi and British firm WS Atkins are among companies bidding to build four stations along a 450-km (280 mile) railway in Saudi Arabia...
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09 July 02:00
Lenovo-affiliate and tech giant AsiaInfo Holdings, Inc. just completed its merger with Linkage Technologies Holdings…
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08 July 09:37
Dubai Holding's main unit will not be repaying a loan due on Thursday, saying lenders have agreed to extend the $555 million credit, underscoring worries that Dubai's debt woes are far from over...
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08 July 03:00
The lending gap for startups and small companies is disappearing, at least for a lucky few. Since the financial crisis, smaller and riskier companies such as…
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08 July 02:14
Dubai's Istithmar sold its 6.9 percent stake in low-cost carrier SpiceJet for $25.3 million...
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07 July 19:00
In early November, 2009, the merger-control regulator of the People’s Republic of China, the Anti-Monopoly Bureau under the Ministry of Commerce, announced…
Precedent Watch - Guest Author
07 July 02:46
ICBC, the world's most valuable lender, may raise up to $6.6 billion in new funding, sources said, joining Agricultural Bank of China, which priced its IPO to be the world's largest, in a rush to raise billions of dollars...
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05 July 11:34
Rating agency Standard & Poor's on Monday upgraded Qatar's sovereign credit rating and state-controlled Qatar Petroleum to 'AA' from 'AA-', citing the gas-rich Gulf Arab state's strong growth prospects...
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05 July 02:00
Just when companies welcomed a sign that the SEC might be backing down on its backdating pursuit, the hammer of the plaintiffs’ bar has struck a blow for corporate transparency…
Precedent Watch
05 July 01:00
The clock is ticking for the switch-over of Canadian public issuers to IFRS. With just six months to go, a relatively innocuous filing by Capital Power Income…
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04 July 09:49
Saudi Arabian Catering Co, a unit of Saudi Airlines (Saudia), is eyeing a bourse listing by March 2011, while its ground handling unit will merge in July with two other firms...
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04 July 02:17
Troubled oil giant BP could get a reprieve from Middle East financial institutions looking to make a strategic investment in the company...
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03 July 03:49
Mobinil shareholders approved the $130-million purchase of two internet assets from major shareholder Orascom Telecom...
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02 July 08:20
Bank of China Ltd, China's No.4 lender, plans to raise up to 60 billion yuan ($8.8 billion) through a rights offer, the company said in a statement...
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02 July 06:30
Abu Dhabi investment vehicle Aabar Investments has launched syndication of a $2 billion loan that will mature on May 21, 2013...
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02 July 04:03
French media groups Lagardere and Vivendi failed to agree on the price for a 20 percent stake in leading French pay television group Canal+ France, and the stake will now be sold in an initial public offering...
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02 July 02:30
Virgin Media has set the scene for possible share buy-backs, dividends or capital investments by putting itself in rude financial health with a…
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02 July 00:15
The private equity gambit of asset-shifting continues to find opportunistic participants…
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01 July 04:13
Agricultural Bank of China's Hong Kong share offering has been more than 10 times oversubscribed by institutional investors, signalling their healthy interest in the dual-market listing that could end up...
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01 July 03:44
Barclays Capital said it had set up a new syndicate bond, sales and trading team in Zurich to bolster its presence in the Swiss bond market...
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01 July 00:30
When the government both competes and regulates, the outcome of the competition should rarely be in doubt…
Precedent Watch
30 June 10:33
Troubled Dubai developer Nakheel said it has started making cash payments to trade creditors, in the second phase of a repayment schedule, and is restarting several projects put on hold during the downturn...
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30 June 03:47
Indonesian telecommunications company PT Indosat said that it has extended the deadline for holders of its debt due in 2010 and 2012 to accept its offer to buy back the bonds...
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30 June 03:30
Oil Refineries Ltd, Israel's largest oil refinery, and a syndicate of local banks led by Bank Hapoalim signed an agreement for a loan of $600 million...
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29 June 12:33
Google Inc is expected to close a $3 billion, three-year revolving credit facility this week, marking its first visit to the syndicated loan market, Jacqueline Poh of Thomson Reuters LPC reports...
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29 June 06:44
About 15 percent of Agricultural Bank of China's total lending went to local governments as of the end of 2009, the bank said, which it claimed was lower than peers...
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28 June 15:00
Tata Motors plans to raise about 47 billion rupees ($1.02 billion) through a combination of shares, bonds, debentures and other equity-linked instruments to cut debt and grow its business...
Reuters News
28 June 02:34
Ports operator DP World, postponed plans to seek a dual listing on the London Stock Exchange in a surprise move, saying it needed to find an acceptable system to support the listing...
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28 June 02:00
Showing off its bend toward innovation, Vishay Intertechnology, Inc., has just spun out its subsidiary Vishay Precision Group, Inc., onto the NYSE…
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27 June 11:08
Israel's MA Industries is to buy U.S. firm Albaugh Inc for about $1 billion to bolster its presence in the Americas and solidify its position as the world's biggest generic agrochemical maker...
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27 June 03:15
Talks to boost Telecom Egypt's stake in Vodafone's Egypt unit ended because the British firm insisted on selling all or none of its share...
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25 June 07:15
Hospital operator Fortis Healthcare said the Government of Singapore Investment Corp had decided to defer a preferential investment but the sovereign wealth fund will evaluate participating in broader fund raising by Fortis...
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25 June 04:04
Abu Dhabi's Aabar Investments, the largest stakeholder in Daimler, called a July 26 shareholder meeting to discuss delisting the company to boost flexibility...
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24 June 06:57
Dutch financial services group ING raised $175 million by selling its entire 3.1 percent stake in India's Kotak Mahindra Bank, two sources with direct knowledge of the deal said...
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24 June 02:51
Ski resort and theme park operator Compagnie des Alpes is refinancing its debt and raising 100 million euros ($134 million) through a capital increase to expand its leisure business and make acquisitions...
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23 June 03:00
Whilst there seems to be a public perception that the bond market in the UK is closed to all but structured finance offerings, there are yet signs of life…
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23 June 00:45
If buybacks are any indication, then a corporate convalescence is in full swing. This uptick can be viewed as an increase in corporate confidence…
Precedent Watch
23 June 00:15
The apparently boundless growth potentials of telecom and Islamic finance have come together in the fertile soil of Indonesia…
Precedent Watch
22 June 01:00
It doesn’t attract the media attention of its wealthier, splashier or more controversial neighbors, but the Hashemite Kingdom of Jordan is nonetheless an important…
Precedent Watch
22 June 01:00
Canadian toll road operator 407 International has pulled into the passing lane, announcing the issuance of nearly a billion dollars in new debt in order to pay out a series of notes…
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21 June 03:55
Agricultural Bank of China has received an $800 million investment from the Kuwait Investment Authority, sources said, in a deal that means Middle East funds will take up more than half...
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21 June 00:30
Epiq Systems, a provider of technology solutions related to the administration of bankruptcy, litigation, financial transactions and regulatory compliance matters, is restructuring its own finances...
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20 June 06:20
Bahrain's sovereign wealth fund Mumtalakat Holding's full-year net loss in 2009 more than doubled due to higher losses at its portfolio companies Gulf Air and Aluminium Bahrain...
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20 June 05:37
State-run Oman Oil Company is in talks with Oman's Ministry of Oil and Gas to take on an exploration block ceded by Britain's BG Group...
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18 June 05:20
Sovereign wealth funds from the Middle East, European banks, and Asia's third-richest person are said to have committed to invest in Agricultural Bank of China's IPO, likely to be the world's biggest at...
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18 June 02:30
Israeli generic pharmaceutical giant Teva filed a suitably gigantic $2.5 billion debt offering this week...
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17 June 08:56
Billionaire investor Carl Icahn said in a statement that the cash value of Lions Gate shares tendered through June 16 is about $109.2 million...
Reuters News
17 June 02:30
CMBS tranches and special servicers make this round of real estate restructuring into a whole different ballgame from anything seen before. And, geez, is it complicated...
Precedent Watch
17 June 00:15
Proving one man’s trash is another man’s treasure, the recent reverse merger of TradeOn, Inc., offers another in a series of roadmaps for entrepreneurial companies to gain public listings...
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16 June 03:00
Jones Soda Co should crack open a case of the bubbly…soda that is. Earlier this week, Jones announced that it had secured an agreement for a $10 million equity line of credit with…
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16 June 01:00
Relatively unscathed by the financial crisis, Canada’s banking sector continues to seek opportunities to raise funds in receptive U.S. and European markets. The Bank of Nova Scotia has entered into an…
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15 June 09:26
For several sweltering days in August 2002, thousands of Algerians queued outside Orascom Telecom's stores to buy pre-paid cards that, for the first time, made mobile phones affordable for ordinary people...
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14 June 07:08
Reliance Communications, India's second-biggest mobile operator, said on Monday its board has approved a proposal to restructure ownership of its tower unit, Reliance Infratel...
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14 June 06:38
Indonesia's Gunawan family, which controls 46 percent of PT Bank Panin, is in ongoing talks to sell its controlling $1.4 billion stake in the bank...
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14 June 02:22
The following corporate finance-related stories were reported by media on Monday...
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14 June 02:12
Turkey's TAV Airports Holding said on Monday it prequalified for a tender for operating rights of Saudi Arabia's Medina airport with Saudi Oger Holding, Al Rajhi Holding Group and Consolidated Contracting Company...
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11 June 01:00
With oil ever in demand, financing shipping fleets is an attractive proposition and London remains its favoured port of call. Greece’s Navios Maritime has just signed up...
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10 June 18:00
As credit markets continued to be tight and capital markets remained volatile in 2009 and early 2010, many issuers, particularly in the mining industry, raised capital through PIPE transactions…
Precedent Watch - Guest Author
10 June 11:15
Citigroup has caught the eye of hedge fund manager William Ackman because he expects the financial services company to soon be able to return billions to its shareholders and to enjoy big tax benefits...
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10 June 04:37
The competition watchdog launched a probe into equity underwriting fees, after companies expressed concerns about what is one of the biggest money-spinners for investment banks...
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10 June 03:00
When do bankers become conspirators? In the wake of the Lehman and LandAmerica bankruptcies, a lot earlier than you might think – just ask UBS or JPMorgan, and maybe even SunTrust...
Precedent Watch
10 June 01:00
A first-of-its kind trade treaty stands to heat up the surprisingly dynamic relationship between Brazil and Israel…
Precedent Watch
09 June 07:59
Spanish banks are being frozen out of the European interbank market, and only the biggest Spanish entities are managing to finance themselves, according to a report in newspaper Cinco Dias...
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09 June 03:00
Lending and general economic conditions remain difficult for European companies, affecting even venerable Coke in Europe. The result? Coca-Cola Hellenic Bottling Company (CCHB), the Greek franchise of Coca-Cola International, has announced …
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07 June 23:10
Costs for upstream oil projects are likely to rise after the BP Gulf oil spill, a senior executive at Malaysia's national energy firm Petronas said on Tuesday...
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07 June 13:44
Abu Dhabi's Etisalat is looking at a deal with Reliance Communications as it mulls its options in India, while media reports named U.S. telecoms giant AT&T as another potential investor in India's No. 2 mobile player...
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07 June 12:44
UAE-based budget airline Air Arabia said on Monday it signed an agreement to launch Jordan's first low-cost carrier and announced its fourth regional hub, as the airline continues its expansion plans...
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04 June 09:00
Montreal-based AbitibiBowater recently announced it has the support of unsecured creditors for a reorganization plan that would swap unsecured debt for equity...
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04 June 04:00
Emerging from bankruptcy has always come with strings attached, but recently, two notable companies have emerged with heavy knots tying their assets…
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04 June 01:00
Smaller banks are trading in their rich Uncle Sam for their more freewheeling PE cousins, providing evidence of a financial services recovery…
Precedent Watch
03 June 04:00
The sunny forecast for one Chinese energy company may be dotted with clouds, cash flow clouds that is. NASDAQ-listed China Sunergy Co Ltd is not so confident about the…
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03 June 02:00
It has been six months since Dubai World rocked markets around the globe with the announcement it would seek to restructure its burgeoning debt, but the reputedly imminent settlement remains far from certain…
Precedent Watch
02 June 17:37
Billionaire investor Warren Buffett distanced himself from embattled credit rating agencies, saying they have lost some of their appeal as an investment amid criticism over their role in propelling the financial crisis...
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02 June 13:17
The Hinduja Group plans an $800 million to $1 billion Saudi initial public offering (IPO) this year of lubricants maker Petromin...
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02 June 10:10
Abu Dhabi's Etisalat could decide within weeks whether to take a stake in an Indian telecoms operator...
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02 June 03:59
Agricultural Bank of China may struggle to get the kind of valuation it wants as it gears up to launch the world's biggest IPO into a market that has slumped by a fifth in just six weeks...
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02 June 02:15
Telecom Egypt has the right of first refusal to buy Vodafone's stake in its Egyptian unit if the British mobile operator decided to sell...
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27 May 05:45
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...
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27 May 02:00
Rebounding PE funds are refinancing their European portfolio companies, even turning to the U.S. to do it. NXP Semiconductors and its private equity owners…
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27 May 00:30
The old days of big multinationals breezing into town, shuffling a few papers and leaving the Middle East with a valuable concession are gone. Today, regional governments and sovereign wealth funds want partners, not licensees…
Precedent Watch
25 May 03:00
Alongside China’s big banks, the country’s smaller state-owned lenders are also scouring for cash through bond or share sales. Overseas financial companies have partnered with…
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25 May 02:00
Leveraging an ambitious national R&D initiative, Protolix BioTherapeutics, Inc., announced receipt of $4.1 million in government grants from Israel’s Office of Chief Scientist...
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24 May 01:00
It’s the size of New York City, but its causeway runs toward Mecca rather than Montauk. The Kingdom of Bahrain is an unquestioned leader in Islamic finance and a...
Precedent Watch
21 May 02:00
Once veiled by an iron curtain, more companies in the former Soviet bloc are stepping out of obscurity with western capital grabs as the curtain goes up on the economic performance of…
Precedent Watch
20 May 06:00
PRC banks are getting serious about their corporate loans and are imposing more stringent lending criteria on borrowers. One U.S.-listed company is even facing…
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20 May 04:00
Israel’s high tech defense and avionics systems manufacturer Elbit Systems Ltd. announced earlier this week that it will issue a shelf prospectus valid for two years, thus allowing…
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19 May 01:30
The Prudential offering document has now been filed, and it is clear proof, if any was needed, of the dare we say monstrous size and complexity of this transaction. This was perhaps to be expected from a deal that is both the undoing of the now-notorious AIG and…
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17 May 06:00
In an attempt to fatten up its finances, a well known Chinese fitness company plans to offer sweet retainers not only to its customers but to venture capitalists as well…
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14 May 02:00
Another PE-backed IPO is unfolding, in particularly complex ways. Retailer Express Inc is going public in a two-step, involving a conversion from LLC structure and then an IPO...
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14 May 00:05
Commercial lending may be back in Canada, but the players wisely remain cautious. Nonetheless, it appears many issuers are using this window of opportunity to lock down credit facilities…
Precedent Watch
07 May 07:30
Notwithstanding its recent PR troubles, Toyota is still making sales – to wit, Toyota Auto Receivables 2010-A Owner Trust recently filed a $775 million offering of asset backed notes…
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06 May 10:00
Swaps have gotten a bad rap in the midst of crises from Greece to Goldman, largely unearned. Branded as the deceptive divas that dramatically topple once strong edifices, they are actually capital structure enhancers. Even in their more complex forms, like those recently used by…
Precedent Watch
06 May 09:00
Mortgage quality is in the hot seat, thanks to Goldman Sachs…and not only regarding litigation. New deal-doing is also driven by mortgages – and in a near-cinematic stroke of irony, this too is led by Goldman…
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05 May 08:00
Something quite troubling lies beneath the FDIC’s sale of a troubled Illinois bank. Though not quite Al Capone's body, it’s awash in a shifting tide of deal terms, marked with risky incentives and over-sized loss-sharing…
Precedent Watch
05 May 03:00
In the latest reverse merger of a Chinese company into a U.S. shell company in recent months, City Zone Holdings, an emerging agricultural products distributor, plans to tap U.S. venture capital interest in PRC with a.…
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28 April 06:00
Flower retailer 1800 Flowers Com is perhaps becoming a poster child for improved corporate finance, as it recently announced it has entered into an amended and restated credit agreement with a syndicate of banks led by…
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28 April 02:00
If the telecom industry in the Middle East and North Africa is hot, the competition is positively sizzling. Players are turning over every rock to find a new patch of sand unserved or underserved by existing infrastructure…
Precedent Watch
27 April 04:00
Commercial real estate faces many unknowns in 2010, not the least of which is changing tax rates. Lawmakers’ agendas include reexamining estate tax rates and capital gains treatment. There is even a rumor that…
Precedent Watch
26 April 05:00
Bailouts continue to dominate disclosures by non-U.S. companies, in ways both direct and less so. From the start, TARP and other U.S. government bailouts looked a lot different from the other side of the “pond” (or border)…
Precedent Watch
23 April 02:00
Terra Industries is one step closer to being acquired by CF Industries, as CF has successfully secured the necessary funding to complete the acquisition. Morgan Stanley Senior Funding, Inc granted a $1.75 million senior bridge facility to…
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20 April 08:00
Recent monetary tightening policies in the PRC have prompted companies to look within for sources of quick credit. Cost effective financing options such as commercial paper and other promissory notes are…
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20 April 06:00
As part of a wave of international companies refinancing themselves on better terms in the aftermath of the credit crisis, Diageo, the global drinks company, has…
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15 April 04:00
Reining in loose loan grants is fast becoming the China Banking Regulatory Commission’s biggest headache. Regulatory measures to tighten credit have been accompanied by…
Precedent Watch
14 April 08:00
Private equity diligence and deal-making have both taken on new flavors during this season of recovery. Recovering from the hangover of boom-year binges, major private equity firms are turning to fast food, pizza in particular, as their remedy of choice…
Precedent Watch
14 April 08:00
Credit markets might be recovering, but they aren’t in full bloom yet. Weight Watchers International, Inc recently entered into an “amend and extend” loan modification agreement to its…
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12 April 04:00
A recent filing by a Turkish telecom company suggests that either the world credit crisis may be fading, or one just needs to know where to look. Earlier this month, Turkcell Iletisim Hismetleri A.S. announced…
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05 April 11:00
Standard Chartered is to become the first overseas company to list in India via Indian Depositary Receipts. Standard Chartered has filed a draft prospectus…
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02 April 06:00
Credit crunch no more -- Philip Morris International Inc, the international Marlboro Man, has landed a $2.5 billion senior unsecured revolving credit facility. The new facility will expire Sept. 30, 2013 and replaces…
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31 March 04:00
Recent SEC filings provide a rare window into UK venture capitalism, in a sign that investors may be developing a taste for promising new companies once again...
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26 March 04:00
The Basel Committee has sought to increase the minimum standard of international corporate governance for banks by publishing a new consultation paper on Principles for Enhancing Corporate Governance…
Precedent Watch
24 March 06:00
In the roll call of industries crushed by the global economic crisis, aviation sits near the top, literally and figuratively. Thin margins, high leverage and elastic fuel costs make operating airlines a dicey proposition in the best of times…
Precedent Watch
19 March 06:00
At the peak of a market it helped to stoke, now embattled Dubai World spent billions snapping up showplace properties in Manhattan and elsewhere. But as the dust begins to settle from the world economic crisis, assets continue to shift…
Precedent Watch
19 March 04:00
Cyber attacks are a growing global problem affecting businesses both within and outside of the traditional IT sector. In the U.S., the Pentagon has just announced that it is to create a cyber army in the wake of…
Precedent Watch
17 March 04:00
Large banks including PNC Financial and Citigroup have recently repaid TARP, but many of these entities still aren’t quite free and clear of the U.S. Treasury. Under the terms of TARP’s Capital Purchase Program, the Treasury got an extra-sweetener…
Precedent Watch
12 March 10:00
Oddly, the latest trend in corporate finance is…M&A. From AB Inbev to AIG, and Kraft to PNC, companies with heavy debt loads are divesting to plug financial holes that banks would once have filled…
Precedent Watch
09 March 01:30
Crown Media Holdings, owner and operator of the Hallmark Channel and Hallmark Movie Channel, and Hallmark Cards, have approved and executed a…
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24 February 04:00
The latest in a slew of amend-and-extend deals and serving as a reminder that private equity funds also function as important lenders through their credit opportunities funds, Michaels Stores, Inc., entered into...
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22 February 02:00
In a sign of loosening credit conditions, brokerage firm Legg Mason has extended its outstanding revolving credit agreement to 2013...
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18 February 02:00
The credit crisis wasn’t kind to any industry, but travel and tourism was particularly hard hit. It seems that thawing credit markets are now even flowing into even the leisure industry…
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11 February 08:00
Kraft has a sweet tooth – and an expensive one at that. Kraft Foods has now filed agreements related to its $9.5 billion bond offering. The company intends to use…
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08 February 11:00
Private equity’s taste for fast food – and cash flow – may be adding some sizzle back into troubled real estate markets. In this, Bain Capital, with its latest move into Domino’s, may prove the poster-child…
Precedent Watch
05 February 09:00
English football is sometimes known for its combativeness –but it may soon be known for its restructuring and corporate reorganization as well. In a corporate drama replete with leverage, hedge funds and the Glazer clan, Manchester United’s latest troubled offering…
Precedent Watch
04 February 09:00
Dubai’s attempts to restructure the well publicized debt of Dubai World have brought about a restructuring of a different sort: that of the Emirate’s legal framework. Foreign courts, domestic courts, and now…
Precedent Watch
01 February 11:00
Carl Icahn is feeling lucky and he’s heading to the casino – as in Tropicana Entertainment Inc., which recently filed a copy of its exit financing facility…
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27 January 06:00
The IPO pipeline is hotting up in the UK, and Travelport’s announcement of its intention to undertake a total capital raising of approximately $2 billion (£1.24 billion) has started the first volley of London initial public offerings…
Precedent Watch
08 January 16:30
After appearing to be on its last leg last year, brought down by troubled mortgages, GMAC seems coming back to life – or at least continues to hold its own. The mortgage financier has filed an Indenture and…
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06 January 13:30
In a stark contrast to this time last year, a number of lenders are signaling restored confidence in issuing credit to borrowers. For example, vehicle security system LoJack Corporation secured a…
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06 January 06:30
Making sense of the 2009 U.S. capital markets is no easier than peering into the capital market’s crystal ball for 2010. Clear trends like spinoffs, Chinese IPOs, and junk bonds drove the equity and debt markets during 2009 and these trends could drive the market in 2010…
Precedent Watch
31 December 08:00
The credit crisis roared like a lion in early 2009 and the reverberations affected M&A transactions throughout the year. Strategic M&A deals, including Pfizer /Wyeth, Berkshire Hathaway/Burlington Northern Santa Fe, and Disney/Marvel were…
Precedent Watch
29 December 15:00
After high demand from leading institutional investors, Clear Channel Outdoor Holdings closed private placement offerings of two series of senior notes totaling $2.5 billion, by...
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28 December 12:00
Orion Energy Systems, an energy management company, recently amended its $25 million credit agreement with Wells Fargo Bank. The amendment removes a provision permitting Orion to request an increase in…
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23 December 14:00
MWB Group Holdings plc, the operator of 26 Malmaison and Hotel du Vin hotels, has announced a £30 million placing to avoid breaching its gearing covenants in its Loan Stock Deed…
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23 December 12:30
In a sign that corporate credit may loosening, fertilizer and feed products company Potash Corporation of Saskatchewan garnered a $2.5 billion revolving term credit facility from…
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22 December 06:30
Property deals are rising, but is this the market taking flight…or dead cat bouncing? Deals involving premium property and players Canary Wharf, HSBC and Blackstone suggest that things are heating up for the high end of commercial real estate…
Precedent Watch
22 December 06:30
Despite breathless declarations of “the end of the bailout era,” we’re not quite at nirvana. For companies from Citigroup to Harley Davidson, government investment from TARP to TALF remains a major disclosure topic, at minimum updating their shareholders as to impacts and future concerns…
Precedent Watch
21 December 06:30
Pre-packing for the trip through Chapter 11 has gotten busier…and maybe even faster. Debtors from CIT Group to Lear Corp have used prepackaged bankruptcy plans during 2009, to great effect. Driving this are bankruptcy processes and credit markets that make any other route so risky that parties cannot afford to careen into Chapter 11...
Precedent Watch
17 December 12:00
Comverse Technology Inc settled a class action lawsuit over stock options backdating on Thursday for $225 million, with ex-CEO Jacob "Kobi" Alexander, who fled to Namibia, contributing $60 million…
Precedent Watch
16 December 09:00
Sappi Ltd, a Johannesburg based paper supplier, entered into an agreement with Unicredit Bank Austria, Royal Bank of Scotland and JP Morgan’s London branch, to receive up to €209.0 million in financing…
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15 December 07:30
The Talbots, Inc announced it has entered into a merger agreement with blank check company BPW Acquisition Corp...
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10 December 16:00
Education services provider Princeton Review is raising both debt and equity in its effort to recapitalize. The company recently secured additional debt in the form of...
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09 December 13:00
A. H. Belo Corp, a news and information company which owns and operates three daily newspapers and 12 associated websites, along with its bank syndicate have agreed to amend a revolving credit facility…
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09 December 06:30
As the hustle and bustle of holiday shopping nears, consumers are not the only ones pinching pennies. Corporations, including large banks like HSBC, SunTrust, Wells Fargo, are also focused on…
Precedent Watch
08 December 06:30
Healthcare reform may have an unintended side effect – the revival of the real estate market. In a tale of two legal trends, Omega Healthcare REIT is placing an $860 million bet on health-related real estate, particularly noteworthy with so much of the real estate world ailing…
Precedent Watch
07 December 06:30
Price is a central focus in M&A transactions, so much so that post closing price adjustments are now being set up both forcibly and contractually. Following the sales of both Lehman Brothers and Washington Mutual, companies and shareholders are pushing back against…
Precedent Watch
04 December 07:30
With the rise in PE funds going into new deals, some funds are clearly focused on how to get back out again. Henry Schein, a large distributor of healthcare products and services, plans to acquire…
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02 December 06:30
Corporate carve outs seem to be spinning, ever faster. The upcoming spin-off by Time Warner of AOL signals both the end of an era and as the dawn of a new age of spinoffs. Joined by players like Rio Tinto and Bristol-Meyers Squibb, to name but a few, companies are using white-hot equity markets to unload assets or raise cash…
Precedent Watch
01 December 15:30
Governance changes are a necessary part of going public, as KAR Auction Services, Inc. has confirmed. KAR, a leading provider of vehicle auction services, has amended its IPO filings from…
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30 November 06:30
Many borrowers are now living on extended time, after dizzying maturity cliffs led companies globally to amend and extend their credit agreements with creative legal maneuvers…
Precedent Watch
20 November 08:30
Linkage Technologies International Holdings Ltd. and Concord Medical Services Holdings Ltd, two companies based in the People’s Republic of Chinese (PRC), have filed for U.S. IPOs. The companies are registering…
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18 November 06:00
Cedar Shopping Centers LP has amended and restated its $265 million secured revolving credit facility and is “playing the accordion”. The amended facility includes an…
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12 November 15:30
Barrick Gold Corp, a Canadian gold company, will raise $1.25 billion in an exchange offer of two separate series of notes for new notes. The old notes were originally issued by...
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09 November 06:00
A waterfall clause nearly flowed backwards in the contorted case of Gordian Knot Ltd. and Sigma SIV, its securitization vehicle. With waterfalls at the core of finance, from private equity to securitization (recent examples including Neiman Marcus and Accuride), this would…
Precedent Watch
06 November 13:00
Idearc Media Services West Inc entered into a Master Outsourcing Services Agreement dated October 30, 2009 with India’s Tata Consultantcy…
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05 November 14:00
The hospitality industry has been hit hard by the financial downturn, leading to creative survival financing. Interstate Hotels & Resorts, a hospitality company, announced that it has...
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05 November 09:00
European Union lawmakers and the bloc's governments, clinched a deal early on Thursday over a stalled telecommunications reform package aimed at boosting competition…
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27 October 12:40
GVI Security Solutions, Inc., a provider of video security surveillance, recently announced that it has entered into a definitive agreement to be acquired and taken private by…
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03 September 01:30
Its economy is predicted to grow by 4 per cent next year, it has one of the lowest deficit forecasts in the EU and bond markets are alive with its issues. No it’s not Germany but…
Precedent Watch
26 August 02:30
With fears growing that the U.S. bond market may be developing into a financial bubble, HSBC has filed a note and warrant programme that may allow even non-U.S. citizens to participate…
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16 August 00:00
With wheat prices soaring, so too is wheat price speculation, as illustrated by SGA Société Générale Acceptance N.V., a special purpose vehicle…
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12 August 04:53
Customs officials in Ukraine, which is considering introducing a quota system for grain exports, said on Thursday they had prevented export of 28,500 tonnes of wheat because of incorrect paperwork...
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11 August 00:30
FSA enforcement efforts have uncovered the sale of ridiculously complex financial products sold to unsuitable consumers, a morbid mis-selling of life insurance pools that…
Precedent Watch
09 August 02:26
Goldman Sachs Group Inc has informed the Financial Crisis Inquiry Commission that 25 percent to 35 percent of its revenue was derived from the derivatives businesses...
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05 August 18:00
The “swaps push-out” requirement in Dodd-Frank could have a material impact on the way in which banking institutions structure their U.S. derivatives operations. Yet this is not the last word on derivatives regulation, as the legislation explicitly delegates to the SEC and CFTC broad rulemaking authority over derivatives…
Precedent Watch - Guest Author
04 August 04:26
Romania's international lenders extended a 20 billion euro bailout programme, reassuring investors spooked by the country's deep recession, though it may face tougher compliance hurdles in future...
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29 July 02:00
The controversial practice of food price speculation is hotting up in the UK, undeterred by allegations of distorting markets and unscrupulous speculation. With a public campaign against Goldman Sachs for “gambling on hunger”…
Precedent Watch
21 July 03:00
Goldman might have settled with the SEC, but disclosure norms for synthetic CDOs are far from settled. The SEC’s $550 million settlement and consent with Goldman Sachs is trailblazing in more ways than one…
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19 July 12:48
Privately negotiated derivatives should be more standardised and traded on exchanges where possible, using incentives rather than mandatory rules for now...
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16 July 05:29
Citigroup Inc and AIG classified more than $11 billion in loans as sales in the second half of 2009, masking the companies' risk levels, filings with the U.S. Securities regulator showed....
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16 July 04:37
The euro zone's debt woes have raised worries about the outlook for the world economy, which has already been dealt a severe blow by the global financial crisis...
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15 July 18:00
The SEC and Goldman Sachs have reached a record $500 million settlement of charges related to insufficient and misleading disclosure. In the case of SEC v. Goldman Sachs and Fabrice Tourre, the Commission charged Goldman with...
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08 July 01:00
In a recent insider trading decision, a U.S. federal court in Manhattan ruled against the SEC in its first ever insider trading case involving credit default swaps or CDS…
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02 July 04:44
Now that China is staying true to its word and letting the yuan trade a bit more freely, analysts and investors outside the mainland may not be prepared for one potential outcome: a yuan drop...
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01 July 01:30
Sovereign credit risk is an issue beyond the Eurozone – to wit, South African credit, post-World Cup, is causing a stir…
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29 June 07:06
A subsidiary of India's Reliance Capital Asset Management will launch two Islamic funds in Malaysia by July and roll out products for retail investors in two years, a company official said on Tuesday...
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18 June 04:00
Securitisations are back in the UK, but the landmark Lehman litigation may result in U.S. bank securitizations being all but eliminated. With AAA ratings mandated amidst the...
Precedent Watch
17 June 03:00
Think there is nothing so “crude” as making money from someone else’s misfortune? Not so, according to SGA Société Générale. It has issued call warrants on shares in BP plc under a securitised derivatives programme…
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16 June 09:48
Thousands of creditors of bankrupt U.S. investment bank Lehman Brothers owed about $22 billion will be offered earlier cash payments if they are willing to accept lower valuations on their claims...
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11 June 09:28
Copper and oil prices could leap on strong industrial demand in coming months and gold may rise further on inflation-linked buying, suggesting a new wave of gains for commodities...
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11 June 02:00
Structured finance lawyers and bankers, bank your sleep hours. An overhaul in the regulation of structured financial products is upon us, including new powers intended to...
Precedent Watch
27 May 01:00
A comeback has been structured for once-maligned structured products, despite a backlash against derivative-based financial products. UK debt markets have become awash in these exotic securities…
Precedent Watch
26 May 05:01
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...
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26 May 04:00
Regulatory aftershocks from the “flash crash” are becoming more significant than the crash itself. The CFTC and SEC have already joined forces to...
Precedent Watch
21 May 01:00
The chains are off debt markets in the UK and it is covered bonds that are leading the emancipation…
Precedent Watch
06 April 08:00
Islamic finance vaulted still further into the 21st century with the March launch of Sharia-compliant derivatives standards. Promulgated by the IIFM and ISDA, the product of this collaboration should…
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05 April 11:00
Standard Chartered is to become the first overseas company to list in India via Indian Depositary Receipts. Standard Chartered has filed a draft prospectus…
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08 March 06:00
A spotlight was shined on the lack of transparency, standardization, and disclosure of credit default swaps and other OTC derivatives in the depths of the credit crisis. Now some regulators are searching for solutions...
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26 February 10:00
Beware of Greeks bearing securities...and I-bankers bearing swaps bear a second look, too. While Greece has been the focus of swap-centered financial engineering that resulted in the obfuscation of its fiscal problems, it is not alone…
Precedent Watch
22 February 10:00
As worries over Greece rattle world markets, off balance sheet derivatives transactions are back in the lime light. Greece is accused of acting like Andrew Fastow of Enron fame…
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05 February 11:00
The $53 billion deal that shocked America is a secret no longer, as AIG has finally reveal the details of its plan to pay off credit default swap (CDS) counterparties. While a payout at 100 cents on the dollar is something even the Fed couldn’t keep secret…
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21 January 08:00
Essilor International SA, a French Ophthalmic Optics manufacturer, has announced the issue of 50,000,000 American Depositary Shares (ADS). The issue comes amid renewed interest among investors in…
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20 November 02:00
As if the risks of derivatives weren’t sufficiently in the spotlight in conventional finance, the Islamic finance world is now beginning to wrestle with its own set of derivatives issues. Seen by many as akin to…
Precedent Watch
09 September 01:00
Student loan financier Sallie Mae is still fighting a tight asset-backed securities market. The student loan giant recently issued $760 million in student loan backed notes…
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07 September 01:00
The designation of Morgan Stanley and China Investment Corp. as bank holding companies is complicating the regulatory approval process for the duo’s investment agreement…
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30 August 01:00
The China Banking Regulatory Commission’s stern words to banks recently, intended to crack down on off-balance sheet loans, may be falling on half open ears. While the CBRC is empowered to…
Precedent Watch
25 August 15:19
Even as UBS launches a global campaign to revive its banged-up brand, the Swiss bank's U.S. brokerage faces another costly and embarrassing wave of regulatory actions...
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18 August 00:05
A recent niche finance IPO could be a shot in the arm for the plaintiffs’ bar. Imperial Holdings, Inc. (“Imperial”), a specialty finance company founded in...
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10 August 07:44
Emirates NDB PJSC Bank has sold an asset-backed securitization of United Arab Emirates auto loans worth 19 billion yen ($221 million), the first such deal from the Middle East and by the bank...
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02 August 08:35
MetLife Inc lowered its estimate of how much of a boost it will get from acquiring Alico, the foreign life insurance business of AIG, and announced fund-raising plans to help pay for the deal...
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02 August 01:00
The tangled tentacles of securitizations-past continue to expose municipal finances to increased risk – as if they didn’t have enough to worry about. States have become oddly dependent on…
Precedent Watch
30 July 02:30
Disclosure law has just found its new sheriff, and he's waving a big gun at Bank of America/Merrill, notably going it alone rather than being boxed into others' class actions…
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30 July 02:30
Corporate bond offerings are hot these days, despite Dodd-Frank’s confusing impact on bond activity. Issuers from Agilent to Target, lured by low long term rates, have recently...
Precedent Watch
28 July 03:00
Subprime chickens are still coming home to roost for hedge funds like Highland Capital Management and one-time fund operator Carlyle Group, which have been the targets of recent lawsuits…
Precedent Watch
23 July 03:30
The Term Asset-Backed Securities Loan Facility (TALF) never approached the lofty $200 million in loans that the Federal Reserve envisioned and now it’s getting even smaller…
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21 July 03:00
Goldman might have settled with the SEC, but disclosure norms for synthetic CDOs are far from settled. The SEC’s $550 million settlement and consent with Goldman Sachs is trailblazing in more ways than one…
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16 July 14:40
The Securities and Exchange Commission said it created three expert units to focus on big financial companies, complex securities and securities offerings...
Reuters News
15 July 18:00
The SEC and Goldman Sachs have reached a record $500 million settlement of charges related to insufficient and misleading disclosure. In the case of SEC v. Goldman Sachs and Fabrice Tourre, the Commission charged Goldman with...
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25 June 03:00
The Fannie Mae and Freddie Mac gravy train is slowing down, under the weight of delisting, conservatorship, and changes in their access to capital. Commercial real estate developers and REITs may find themselves hurting...
Precedent Watch
10 June 03:00
When do bankers become conspirators? In the wake of the Lehman and LandAmerica bankruptcies, a lot earlier than you might think – just ask UBS or JPMorgan, and maybe even SunTrust...
Precedent Watch
09 June 13:18
An Australian hedge fund is suing Goldman Sachs Group Inc over an investment in a subprime mortgage-linked security that hastened the fund's demise in 2007, a lawyer for the fund said...
Reuters News
07 June 04:00
At long last, the SEC is joining with others to regulate the muni market. These bonds have, until now, been treated as frequent flyers, with favored, fast track expediency, in the metaphoric “security line” of offerings...
Precedent Watch
26 May 02:00
A little known corporate finance structure – the covered bond – is gaining a lot of fans in the Canadian banking industry. Now that two Canadian majors have raised…
Precedent Watch
24 May 05:00
In the latest indication that the asset backed securities and car markets are continuing to pick up steam, Honda has offered $1.2 billion in car loan-backed securities through its...
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21 May 01:00
The chains are off debt markets in the UK and it is covered bonds that are leading the emancipation…
Precedent Watch
12 May 10:00
In 2008, AIG was floundering close to collapse and threatening to take the entire U.S. economy with it. The Federal Reserve stepped in and…
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23 April 06:00
In another sign of possible ripples caused by the SEC’s lawsuit against Goldman Sachs, a Paulson-connected IPO was withdrawn this week. Propel Capital announced earlier this week that it was...
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22 April 08:00
Goldman is not alone as it confronts the SEC, amidst the wavering sparkle of its Midas touch. Merrill Lynch and UBS are also pursued, among others by Pursuit Partners…
Precedent Watch
13 April 08:00
Chemical companies, with the bankruptcies of LyondellBasell and Tronox, scuttled deals for Huntsman, and a Dow Chemical joint venture, had a tough trek through the financial crisis. Things are, however, starting to turn around for the industry...
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08 April 10:00
The cherished duty of loyalty may be tying the hands of real estate directors by placing boards at odds with corporate stakeholders such as lenders and unsecured bondholders...
Precedent Watch
30 March 06:00
A sale is a sale – except when it’s a loan. Lehman Brothers’ Repo 105, General Growth Properties, and Extended Stay America’s Chapter 11 cases all touch on the complicated issue of...
Precedent Watch
19 March 11:00
CMBS is clawing its way back to life, led by both new originations and servicing, powered by smart money players from Deutsche Bank to Berkshire Hathaway. Significant deals continue to unfold as these deals, once left for near-dead on government-backed life support systems, slowly, but unmistakably, revive…
Precedent Watch
11 March 10:00
General Growth and Brookfield Properties offer a powerful “tale of two cities” in which clever legal and financial structuring appear to win out above all. With all eyes on GGP’s tragic drama, Brookfield’s own maneuvers are a source of inspiration…
Precedent Watch
09 March 02:00
Over the past six months, observers have raised concerns about the possible impact of several legislative changes on the securitization of vehicles and equipment in Canada…
Precedent Watch
04 March 02:00
The Federal Reserve’s Term Asset-Backed Lending Facility (TALF) is soon coming to an end, and companies like CIT and Sallie Mae are sad to see it go…
Precedent Watch
09 February 10:00
The debt markets seem to have taken a shine to auto loan securitizations as of late, and recently, Volkswagen marketed a $1.3 billion securitization of auto loan receivables…
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06 January 06:30
Making sense of the 2009 U.S. capital markets is no easier than peering into the capital market’s crystal ball for 2010. Clear trends like spinoffs, Chinese IPOs, and junk bonds drove the equity and debt markets during 2009 and these trends could drive the market in 2010…
Precedent Watch
22 December 06:30
Despite breathless declarations of “the end of the bailout era,” we’re not quite at nirvana. For companies from Citigroup to Harley Davidson, government investment from TARP to TALF remains a major disclosure topic, at minimum updating their shareholders as to impacts and future concerns…
Precedent Watch
08 September 20:23
Hong Kong-based private equity firm First Eastern Investment Group will take a stake in All Nippon Airways' planned low cost carrier (LCC), the Nikkei business daily said on Thursday...
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08 September 04:13
Dubai may have to step up asset sales and government borrowing as a heavy debt repayment schedule for state-linked companies over the next few years puts pressure on government finances...
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08 September 03:55
Libya's government denied it had any investments in foreign oil companies, in an apparent rebuff to the country's top energy official who had said buying shares in BP would be a good deal...
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06 September 04:15
Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund estimated to be the world's largest, named Ted Chu from U.S. automaker General Motors as its chief economist...
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03 September 00:30
With a multi-jurisdictional placing almost as smart as its name, Masawara is hoping that investors will see the potential for growth in Zimbabwe as the southern African country stands poised for political change…
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02 September 18:44
Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer...
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02 September 00:30
Dual listings can tie up secondary offerings, especially where disclosures differ between exchanges. U.S. filer Ampal-American Israel Corp. found this to its chagrin…
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30 August 11:39
Three numbers should suffice to give Chinese economic policymakers a sleepless night: 65.4 million, $28.7 billion and $2.45 trillion...
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30 August 04:19
Troubled conglomerate Dubai World has begun talks with small creditors, not included in the coordination committee of banks on its restructuring plan, to avoid any lawsuits...
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30 August 04:15
Flush with petrodollars, Libya has been buying stakes in Italian companies and has disclosed other potential investments in energy and infrastructure companies...
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30 August 03:08
A former Taiwanese diplomat who says he wants to "save" American International Group's Taiwan unit from being bought by a Chinese firm is lining up a $2.5 billion bid with Japanese and...
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30 August 02:00
Japanese and Qatari investment firms may consider a bid for American International Group's Taiwan unit if a current bid for it does not go through...
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30 August 01:00
The China Banking Regulatory Commission’s stern words to banks recently, intended to crack down on off-balance sheet loans, may be falling on half open ears. While the CBRC is empowered to…
Precedent Watch
29 August 01:39
Dubai World's willingness to sell prized assets such as ports operator DP World to pay down its debt pile is considered such a drastic move that analysts see it more as a last-resort bargaining tactic...
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29 August 01:30
Fund firm Castlestone Management plans to launch a portfolio investing in emerging markets from the Philippines to Iran, hoping they will show the same rapid growth seen in China and India in...
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26 August 03:49
State-owned conglomerate Dubai World's creditors have been told the company is in need of "urgent" restructuring as it seeks agreement on a multi-billion dollar debt plan....
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26 August 03:48
Dubai World is prepared to sell prized assets including previously ringfenced ports firm DP World in a bid to raise as much as $19.4 billion to repay creditors, a document obtained by Reuters showed...
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26 August 03:46
Dubai's Nakheel has $10.9 billion of bank debt and will receive key assets from parent company Dubai World for its business plan after separation...
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26 August 01:30
Despite bearing witness to mounting troubles associated with European debt woes, Japan has been pumping stacks of government bonds into the market, which have been slurped up by institutional investors and foreign governments...
Precedent Watch
25 August 15:19
Even as UBS launches a global campaign to revive its banged-up brand, the Swiss bank's U.S. brokerage faces another costly and embarrassing wave of regulatory actions...
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24 August 20:26
Japan's Ministry of Finance may consider unilateral yen-selling market intervention if speculators drive up the currency, the Nikkei newspaper reported, after failed attempts to verbally curb sharp yen gains...
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23 August 02:00
Dubai's government will keep its options open for a potential sovereign debt issue later this year but it is not under pressure to do so...
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22 August 01:33
Abu Dhabi government-owned investment company Mubadala Development said its property director, Canadian lawyer John Thomas, will resign at the end of August...
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20 August 00:15
Qatar’s $3.5 billion conventional bond issue may be the season’s most noteworthy Islamic finance deal…
Precedent Watch
17 August 11:02
Cheyne Capital is overhauling its Queen's Walk Investment fund, hit hard by the U.S. subprime crisis, by cutting its payouts and raising cash to spend on less risky assets to widen its appeal...
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17 August 04:51
China took a new step on Tuesday to promote the use of the yuan beyond its borders, a strategic initiative to raise the global profile of the currency while retaining capital controls to shield its economy from speculators....
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16 August 09:00
Global corporate mergers and acquisitions activity involving sovereign wealth funds rose to more than $12 billion in the second quarter with 33 deals completed...
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16 August 07:00
BlackRock Inc, the world's biggest fund manager, said it will buy Taiwanese fund management firm Primasia Investment Trust...
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15 August 08:54
Real estate firm Egyptian Resorts' net profit plunged by more than 90 percent in the first six months of 2010, the bourse said, after the company failed to sell any land...
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15 August 01:00
Kuveyt Turk’s summer sukuk, with its key navigation points plotted along a Kuwait-Turkey-England-Caymans crescent, seems a fitting offering for the Ramadan season…
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10 August 18:00
China’s insurance market is one part huge opportunity and two parts legal maelstrom. As global insurers like Prudential Plc know, China is starved for vital business protection products…
Precedent Watch - Guest Author
10 August 09:46
Ontario Teachers' Pension Plan, the largest stakeholder in Maple Leaf Foods said it was selling about 11 percent of the meat processor...
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09 August 19:25
Chinese carmaker Jianghuai Automobile Co said it plans to invest about 30 billion yuan ($4.4 billion) on production of new-energy cars through a partnership with a private equity firm...
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06 August 10:39
Sprawling Anglo-South African financial conglomerate Old Mutual reported forecast-beating half year profit and said it had sold its U.S. life insurance business in a drive to simplify its structure...
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06 August 08:49
A European Union financial stability fund with the potential to raise up to 440 billion euros ($580 billion) to help EU countries weather debt problems is now fully operational...
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06 August 05:19
The Financial Services Authority (FSA) has launched a probe into sales of a bond fund by Royal Bank of Scotland's private banking arm Coutts, which counts the Queen among its clients...
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06 August 02:30
Tender offers can lead to firm terms on private equity deals, and have become an increasingly common deal structure...
Precedent Watch
06 August 00:15
Canada’s biggest lender is making major inroads into American equity markets. Though good news for the Royal Bank of Canada and its dealer affiliates, RBC’s success has also proven a headache...
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05 August 12:36
Goldman Sachs Group Inc is planning to shift its principal strategies business into a fund that raises outside money, Bloomberg reported, citing a source with direct knowledge of the plan...
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05 August 12:34
Libya's sovereign wealth fund has taken a 2.075 percent stake in UniCredit SpA, joining the Central Bank of Libya as a top shareholder in Italy's biggest lender...
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05 August 00:15
In one of the world’s most ambitious diversification programs, the United Arab Emirates has staked out the most high tech of them all: aerospace…
Precedent Watch
04 August 21:53
U.S. fund manager Russell Investments said it is planning to put more money into the retail and office property sectors in Asia as the region leads the global economic recovery...
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04 August 02:20
Malaysian state investor Khazanah sold S$1.5 billion ($1.1 billion) in sukuk, Singapore's largest Islamic bond issue, which could help ignite interest in the city state's fledgling sukuk market...
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03 August 03:34
Indonesia's state enterprises minister said that China Investment Corp (CIC) had said it was interested in investing up to $25 billion in Indonesia...
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03 August 02:00
Mauritius has proven itself a jewel in the hands of clever lawyers looking to do deals from rapidly developing India to the Islamic Gulf. With its mix of friendly corporate and…
Precedent Watch
03 August 01:00
Kuwait's sovereign wealth fund and BP Plc denied a local newspaper report that the embattled oil giant had asked the fund to raise its stake in the company to 3 percent...
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01 August 01:46
Abu Dhabi Commercial Bank said it had 6.6 billion dirhams ($1.8 billion) worth of exposure to indebted state conglomerate Dubai World and posted a second-quarter loss...
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29 July 19:42
Toyota Motor Corp is considering offering cash incentives of 50,000 yen ($580) per car to its dealers throughout Japan from Oct. 1, the Tokyo Shimbun newspaper reported...
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28 July 02:07
Billionaire financier George Soros is in advanced talks to buy a 4 percent stake in Bombay Stock Exchange (BSE) for $35-$40 million...
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28 July 00:31
Dubai's pledge to cover gaps in Dubai World's debt repayment plan has become a sticking point for lenders, some of whom want state guarantees to fall under British -- not local -- law...
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27 July 18:32
Corporations in the United States are in "much better shape" than the market is pricing, and present strong growth opportunities even if the economy slips into a "double dip" recession...
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27 July 05:44
Angel Broking, a stock broking and wealth management firm, is in talks with private equity firms to raise as much as 3 billion rupees ($64 million), said three sources with direct knowledge of the matter...
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26 July 12:39
DLF is buying out the stake held by Dubai World's property arm in an equal joint venture in India for about 2 billion rupees ($43 million)...
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26 July 12:33
Dubai World warned that lenders, aside from the government's own support fund, would face a "significantly" worse deal if its debt plan fails and it is forced to seek liquidation...
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26 July 02:30
In the latest bit of alchemy furthering the financial health of chemical makers, specialty chemical company Lubrizol Corporation recently whipped up a $500 million batch of credit with the help of…
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26 July 01:30
Much of the US$55 billion in outbound investment, invested in the first half of 2010 by Chinese entities, can be credited to agile corporate counsel. Navigating through the maze of China’s outbound investment laws, these lawyers…
Precedent Watch
25 July 18:00
The maturity of the Islamic finance industry will soon face another critical test, as defaults on $200 million sukuk don’t escape the notice of financial markets…
Precedent Watch
22 July 16:00
Fresh on the heels of its recent $225 million backdating settlement, Israel’s Comverse Technologies continues to pique the interest of global investors…
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21 July 23:15
Paulson & Co, the hedge fund linked to civil fraud charges against Goldman Sachs, will launch a new fund open to retail investors...
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21 July 16:30
U.S. securities regulators said they will propose a cap on mutual fund marketing fees, a move that could reduce costs for investors and put a dent in brokerage and...
Reuters News
21 July 15:30
A curious trend is developing among powerful sovereign and state-backed investment funds: despite being super rich in mainly oil-generated wealth...
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21 July 01:30
In the PRC’s highly regulated economy, listed companies and business not directly in the real estate sector can be intimately affected by regulatory changes such as those pertaining to zoning and land-use…
Precedent Watch
21 July 00:30
U.S. and Chinese media companies have at least thing in common – no it’s not their love of kung fu movies. Companies on both sides of the Pacific are restructuring…
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20 July 22:08
PCCW and its chairman's privately owned fund plan to rescue debt-laden Vivacom, Bulgaria's biggest fixed-line operator, by jointly investing 180 million euros ($232 million) in return for a 51 percent stake...
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19 July 08:56
Luxury homebuilder Toll Brothers Inc will launch an investment fund to buy up distressed real estate assets, including loan portfolios and land for development, the company said...
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19 July 07:19
Wall Street was set for a bounce, following a sharp fall in the previous session, when disappointing revenue from bellwethers reporting results, and downbeat consumer sentiment data, hurt equities...
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19 July 05:02
Abu Dhabi and U.S.-based United Technologies plan an $800 million military aircraft maintenance and repair joint venture based in the United Arab Emirates to service the UAE and other countries...
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18 July 00:30
In a move which signals Dubai’s recognition of fund management as a core business, the emirate has amended its regulatory regime to ease burdens on…
Precedent Watch
16 July 05:30
Hedge fund firm Polar Capital said client assets under management rose 2.5 percent in the three months to June, with client inflows more than offsetting fund losses from...
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16 July 04:45
Britain's top companies are likely to use big name brands, patents and other exotic assets to help plug shortfalls in pension schemes and fund longer lifespans in the...
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13 July 01:00
Whilst stock market wobbles continue to disrupt the IPO plans of many, a few surprisingly risky companies have managed to get their equity issues off the ground recently…
Precedent Watch
11 July 08:29
Troubled state conglomerate Dubai World has invited creditors to a July 22 meeting to offer details on its multi-billion dollar debt restructuring, the first session to include all lenders since December 2009...
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11 July 01:00
Taking public companies private ascribes new meaning to the Latin maxim, e pluribus unum. Abu Dhabi’s publicly listed Aabar Investments PJSC has announced…
Precedent Watch
09 July 01:30
China’s green energy sector may be conjuring up more images of green dollar bills than healthy fields of grass these days. The country’s presence as a major alternative energy mover...
Precedent Watch
08 July 03:00
Build America Bonds are turning out to be hot commodities, but in fact these investments may not be as much of a commodity as their traditional tax-exempt municipal brethren...
Precedent Watch
08 July 01:00
BP boss Tony Hayward met officials from an Abu Dhabi state investment fund, the latest stop on a global quest for money to ward off takeovers and help pay the huge costs of the worst oil spill in U.S. history...
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07 July 13:45
Carlyle Group is being sued by the liquidators of a failed mortgage-securities fund that was set up by the private equity group, a spokesman for the liquidators said...
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06 July 03:08
Gulf stock markets will miss out on getting on the global investment map unless regulators take concrete action to address concerns raised by MSCI, who denied the region emerging market status for the second year running...
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06 July 01:00
The asset-backed commercial paper crisis of 2007-08 continues to have repercussions for Canada’s public issuers. And now, the CSA has proposed changes to…
Precedent Watch
02 July 06:30
Abu Dhabi investment vehicle Aabar Investments has launched syndication of a $2 billion loan that will mature on May 21, 2013...
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29 June 12:41
Saudi Telecom Company, the Arab world's largest telecom company by market value, may buy 10 percent to 15 percent stake in a newly created GTL-Reliance Infratel tower unit...
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28 June 03:00
Venture capital heavyweights have recently placed their collective weight behind one IPO, that of Asian player HiSoft Technology International Limited…
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28 June 00:15
Playing ball in the UAE just got a little easier, as the Gulf nation recently announced a major policy shift in its defense contracting scheme...
Precedent Watch
23 June 06:19
Whether it's snapping up glitzy buildings or stakes in luxury carmakers, Qatar's state fund has its hands everywhere -- and more high-profile deals are expected, fuelled by the Gulf state's natural gas riches...
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22 June 01:00
It doesn’t attract the media attention of its wealthier, splashier or more controversial neighbors, but the Hashemite Kingdom of Jordan is nonetheless an important…
Precedent Watch
16 June 02:30
Deal patterns and pace seem likely to change, as carried interest taxation changes motivate private equity like few other things could. Congress, bolstered by public anger at Wall Street, is poised to enact...
Precedent Watch
15 June 04:10
Indian real estate firm Lodha Developers is in talks with several private equity funds to sell stake in a Mumbai project to build the world's tallest residential tower, its managing director said on Tuesday…
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11 June 01:00
Qatar’s Lilliputian size belies its deal-making prowess. Pound-for-pound, it may be the world’s richest (non-tax haven) country, but Qatar hasn’t put all its eggs in the energy basket...
Precedent Watch
09 June 22:25
South Korea's Woori Investment & Securities is set to launch a unit in China by the end of the year as part of a push to expand its global presence and strengthen its Asia business, its CEO said on Tuesday…
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03 June 16:40
The jarring "flash crash" on May 6 yielded a record trading day at TD Ameritrade Holding Corp, though some of its customers were upset with the market breakdown that day, the U.S. online brokerage's chief said...
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02 June 05:32
Franklin Templeton's Middle East North Africa (MENA) fund is focusing on local companies that have regional rather than global exposure given the turmoil rocking the worldwide economy...
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24 May 04:00
The traditional exit paths for venture capitalists seeking the biggest bang for their buck were traditionally IPOs or M&A transactions. With a recent spate of venture-backed IPOs and acquisitions, it might seem like there is plenty of liquidity. But…
Precedent Watch
24 May 01:00
It’s the size of New York City, but its causeway runs toward Mecca rather than Montauk. The Kingdom of Bahrain is an unquestioned leader in Islamic finance and a...
Precedent Watch
20 May 08:00
Hedge funds have been among the brave and bold – and at-times conflicted – providers of credit, amidst credit crisis residue. Fortress, Cerberus and Bain Capital are among those that...
Precedent Watch
10 May 02:00
India’s economic expansion has drawn growing foreign investment in its equities from companies across the four seas, except maybe one – the NYSE Euronext…
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06 May 08:00
Having proliferated with head-turning abundance, exchanges in the Middle East & North Africa region may be feeling the squeeze of Adam Smith’s invisible hand…
Precedent Watch
05 May 03:00
In the latest reverse merger of a Chinese company into a U.S. shell company in recent months, City Zone Holdings, an emerging agricultural products distributor, plans to tap U.S. venture capital interest in PRC with a.…
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23 April 06:00
In another sign of possible ripples caused by the SEC’s lawsuit against Goldman Sachs, a Paulson-connected IPO was withdrawn this week. Propel Capital announced earlier this week that it was...
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22 April 08:00
Goldman is not alone as it confronts the SEC, amidst the wavering sparkle of its Midas touch. Merrill Lynch and UBS are also pursued, among others by Pursuit Partners…
Precedent Watch
19 April 06:00
The shimmering image among the dunes—the old ways of Saudi investing—upon closer approach may dissolve into a mirage. In the world’s arid credit landscape, even the wealthiest investors must…
Precedent Watch
16 April 07:00
Lawyers, used ("preowned") car salesmen and fund managers may share the title of "most despised" professions. Yet managing other people’s money is not at all simple, and neither are the agreements which govern Canadian managers...
Precedent Watch
14 April 08:00
Private equity diligence and deal-making have both taken on new flavors during this season of recovery. Recovering from the hangover of boom-year binges, major private equity firms are turning to fast food, pizza in particular, as their remedy of choice…
Precedent Watch
14 April 02:00
Once acutely secretive guardians of national treasure, sovereign wealth funds (SWFs) may be creeping out of the shadows with conspicuous efforts to achieve transparency…
Precedent Watch
06 April 08:00
Islamic finance vaulted still further into the 21st century with the March launch of Sharia-compliant derivatives standards. Promulgated by the IIFM and ISDA, the product of this collaboration should…
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31 March 06:00
Glacial movement in the private equity sphere of Islamic finance could finally be showing signs of a thaw. After a dormant 2009, several recently announced Sharia-compliant funds suggest PE is finally moving again...
Precedent Watch
30 March 04:00
After a long bumpy ride through economic waters, at least one part of the tourism industry may be set for recovery. Royal Caribbean Cruises Ltd subsidiary Allure of the Seas Inc was granted an unsecured term loan of up to $1.13 billion…
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26 March 06:00
Islamic banking’s breathless race to catch up to its conventional counterparts has at times run a bumpy course. To the customer, the inside of an Islamic branch may resemble a conventional bank, but appearances can deceive…
Precedent Watch
10 March 06:00
The foundations of Islamic finance may be trembling by dint of the controversial reasoning in a recent English court decision. Some Shariah-based contracts may now be interpreted in a manner that now places them under a cloud of doubt...
Precedent Watch
24 February 04:00
The latest in a slew of amend-and-extend deals and serving as a reminder that private equity funds also function as important lenders through their credit opportunities funds, Michaels Stores, Inc., entered into...
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08 February 08:00
Following Javelin Investment Management LLC’s July 2009 launch of America’s first Shariah-compliant index fund, a similar Islamic investment vehicle appears to be inching closer to reality…
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26 January 09:00
SAC Capital and Blackstone have just done a special purpose acquisition company (SPAC) deal notable as yet another mandated acquisition…
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15 January 06:30
The Shari'ah is not confined to a specific national jurisdiction. Nevertheless, it constitutes a corpus of rules on social conduct that is...
Precedent Watch - Guest Author
13 January 15:00
Healthcare properties continue to be a bright spot for troubled real estate markets, as evidenced by Grubb & Ellis Healthcare REIT II’s purchase of a neurology center…
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07 January 09:30
After a rough first half of 2009 for private equity, fund activity is picking up again, allowing for increased acquisition activity. Illustrating this trend, Henry Schein Inc, with the involvement of Oak Hill Capital….
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04 January 06:30
Despite the Christmas excess, UK investors are developing a ferocious appetite for venture capital trusts. Recent months have seen British investors hungrily moving out of pension schemes and into…
Precedent Watch
30 December 06:00
Private equity is back on the hunt, and PE firms are securing debt commitments that are putting the “L” back into leveraged buyouts…
Precedent Watch
18 December 06:00
Sovereign wealth fund investments in financial institutions are a hot disclosure topic of late. Some wealth funds are cashing out their investments in…
Precedent Watch
16 December 06:00
Virgin Entertainment Investments Holdings, an investment company jointly owned by Richard Branson, Cougar Investments and Plough Investments, announced it has entered into a hedging transaction…
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23 November 15:00
Much in the spotlight ever since executing what the Wall Street Journal called “the greatest trade ever”, hedge fund manager Paulson & Co. is making a significant investment in insurance holding company Conseco…
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23 November 05:30
Fundraising, deal activity and average dollars per investment are all down – not good signs for counsel acting for start-ups or VC firms. Last week, in fact, Canada’s Venture Capital & Private Equity Association (CVCA) reported that domestic VC activity…
Precedent Watch
13 November 12:00
TerreStar 1.4 Holdings LLC, a Delaware limited liability company, parent company TerreStar Corporation, a Delaware corporation, and One Dot Four Corp, an affiliate of…
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06 November 13:00
Ceres Managed Funds added PGR Capital LLP, a UK-based commodities advisor, as a manager to its Emerging CTA Portfolio fund...
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06 November 08:45
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and…
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28 October 00:00
Deal-hungry international banks and firms flocking to Saudi Arabia say they are struggling to find qualified staff due to an outdated state education system that lacks business focus in an ultra-conservative country…
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08 September 06:45
Shanghai Pharmaceuticals Holding Co Ltd, the Chinese partner of Roche Holding AG, said it plans to raise at least 8 billion yuan ($1.2 billion) through a public share offering in...
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06 September 19:43
New Zealand's biggest airport, Auckland International Airport Ltd., will meet with Australian bond and equity investors to update them on the firm's annual results, it said...
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06 September 11:04
Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room...
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03 September 06:06
A new conundrum faces financial markets -- why, if the global economy is heading back into trouble, are companies on an M&A binge and big investors snapping up so much corporate debt...
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02 September 22:00
Australian iron ore miner Fortescue Metals and its CEO have been sued by the company's third-largest shareholder to stop it from raising funds, citing a breach of a 2006 funding deal...
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02 September 18:44
Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer...
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02 September 04:03
Indian energy major Reliance Industries, controlled by billionaire Mukesh Ambani, has bought an additional 0.68 percent in EIH Ltd, raising its holding to 14.8 percent in the hotel chain...
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02 September 01:00
The shaky global economy has elevated dividend-paying stocks from dowdy has-beens to stalwart soldiers. Yet the legal issues associated with dividends can prove a tangled web…
Precedent Watch
01 September 22:29
China's Sinochem has hired HSBC bank to advise it on its options regarding Potash Corp, the target of a $38.6 billion hostile bid from BHP Billiton...
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01 September 21:07
Brazil's government will charge state oil company Petrobras $8.51 per barrel for crude reserves to be used in a $43 billion oil-for-shares swap, a price seen as high that could limit interest in...
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01 September 01:30
Unfazed by the summer heat in the northern hemisphere, the global energy M&A binge is gaining momentum. Asia-Pacific companies in particular have demonstrated an ongoing appetite for assets outside Asia…
Precedent Watch
31 August 00:15
There seems to be a real-life Rock ‘Em Sock ‘Em Robot battle unfolding within the real estate industry, amid the foreclosure proceedings of Tishman Speyer’s failed Stuy-town project...
Precedent Watch
30 August 19:45
Hewlett-Packard Co has agreed to pay $55 million to settle kickback allegations related to federal government contracts, the U.S. Justice Department said...
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27 August 12:10
Former longtime AIG chief Maurice "Hank" Greenberg and another former executive will get $60 million from the company's insurers to cover legal and other costs as part of a proposed settlement of...
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26 August 18:27
Developed nations' banks are still reeling from the global economic crisis, but Colombia's banking sector looks attractive for foreign players in search of solid returns with safe regulations, solid profits and a robust recovery...
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26 August 05:30
The economic crisis in the Baltic states, which suffered the European Union's worst recessions last year, has begun to ease and the region's growth prospects are...
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25 August 15:25
Niche Dutch luxury cars maker Spyker Cars, which bought Sweden's Saab from General Motors Co earlier this year, has informed stock exchange NYSE Euronext that it has more liabilities than assets...
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25 August 02:30
There is a new mega-VC in town, and the U.S. government is its name. Companies from Tesla Motors to Solyndra to Hoku Corporation have been among the prime beneficiaries…
Precedent Watch
24 August 20:26
Japan's Ministry of Finance may consider unilateral yen-selling market intervention if speculators drive up the currency, the Nikkei newspaper reported, after failed attempts to verbally curb sharp yen gains...
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23 August 13:19
New issues of insurance catastrophe bonds should rapidly rebound to pre-financial crisis highs as securities markets stabilise...
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23 August 03:00
It’s considered crass to leave price tags on items, yet some deals are hanging price tags right on their collars. Deals may be picking up again but...
Precedent Watch
23 August 02:11
Real estate firm Egyptian Resorts said its board of directors agreed to take back a piece of land the company had sold for about $11 million after the buyer failed to meet some sale requirements...
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23 August 02:00
Dubai's government will keep its options open for a potential sovereign debt issue later this year but it is not under pressure to do so...
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20 August 01:00
Money flowing out of China in the form of outbound investment has been popping up in record amounts in the form of international listings, overseas acquisitions and…
Precedent Watch
20 August 00:30
The pharma industry must be taking activity-boosting drugs, to judge from the quickened deal pace over the last week. The spate of recent deals includes two mergers, a PIPE, a private placement, and an IPO...
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19 August 21:05
Hong Kong's PCCW sold $500 million of bonds due in 5-½ years at a coupon rate of 4.25 percent, a source close to the deal said...
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19 August 17:10
Duoyuan Global Water, China’s leading water treatment equipment supplier, has fared well through the nation’s flood season. Guo Wenhua, the company’s CEO, recently announced the results of its second fiscal quarter on August 18 2010…
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19 August 04:19
Thai Airways International Plc said it was reviewing plans for a budget airline alliance with Singapore's Tiger Airways after two big Tiger shareholders and its chief executive sold discounted shares in...
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18 August 10:24
Nidec Corp said it will buy two of Emerson Electric's motors businesses in a deal believed to be worth up to $820 million, adding to a surge in overseas deals by Japanese firms seeking growth and...
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18 August 03:09
General Motors and China's SAIC Motor Corp deepened their ties to include the joint development of small engines and transmissions as the U.S. automaker seeks to draw on the allure of the...
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17 August 15:00
Manulife Financial Corp sold C$900 million ($874 million) of five-year notes, according to a term sheet seen by Reuters...
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17 August 07:40
"Dark pools" and other alternative trading systems are not as big a threat to Asia's bourses as they are for their western counterparts, given regulators' reluctance to...
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17 August 04:51
China took a new step on Tuesday to promote the use of the yuan beyond its borders, a strategic initiative to raise the global profile of the currency while retaining capital controls to shield its economy from speculators....
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17 August 04:24
China drew 29 percent more foreign direct investment (FDI) in July than a year earlier, with global firms still flocking to the country to build factories and set up research centres despite a bout of labour unrest....
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17 August 02:44
The rising yen is helping reignite a push by Japanese companies to snap up overseas assets and secure growth outside their sluggish home market, after the financial crisis quieted their dealmaking last year...
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16 August 22:02
China drew $58.35 billion in foreign direct investment in the first seven months of the year, 20.7 percent more than in the same period of 2009, the Ministry of Commerce said...
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15 August 21:02
RSA has secured backing from three major banks for at least 5 billion pounds ($7.8 billion) in equity if the British insurer can pursue its bid for Aviva's non-life unit in the UK, Canada and Ireland...
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13 August 17:45
Harvard, the richest university in the world, raised its exposure to emerging markets and increased its bet on China during the second quarter, a regulatory filing released on...
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12 August 19:52
Private equity firms General Atlantic and Apax Partners have agreed to effectively underwrite a planned stockmarket float of SouFun, China's second-largest online real estate website...
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11 August 22:50
Foreign banks may soon be allowed to underwrite bonds issued by non-financial companies on China's interbank markets, a newspaper reported...
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11 August 14:45
American International Group Inc is selling most of its consumer finance unit to hedge fund and private equity firm Fortress Investment Group at a deep discount and...
Reuters News
11 August 12:30
Unsecured creditors of Capmark Financial Group Inc are looking to recover $1.5 billion in alleged fraudulent transfers made by the bankrupt commercial real estate company...
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11 August 07:45
China has been buying record amounts of Japanese government debt because it is less risky than U.S. debt, at least in the short term, a Chinese government economist said...
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11 August 06:30
Overseas Union Enterprise, a firm controlled by Indonesia's Lippo Group, said it bought two Singapore office blocks from funds managed by Goldman Sachs for S$870.5 million...
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11 August 02:30
Solvency opinions are on the tip of many a tongue, thanks to the Tribune Co. and its just released bankruptcy examiner’s report. With leveraged transactions beginning to revive…
Precedent Watch
11 August 01:30
The world's newest energy player, Israel, has burst onto the world stage leveraging both clean tech brains and hydrocarbon brawn. Houston's Noble Energy and Ormat Technologies of Nevada, meanwhile...
Precedent Watch
10 August 09:00
Investment in venture capital jumped 57 percent in Canada in the second quarter, the first substantial increase in funds allocated to the struggling sector in over two years...
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06 August 08:49
A European Union financial stability fund with the potential to raise up to 440 billion euros ($580 billion) to help EU countries weather debt problems is now fully operational...
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06 August 02:00
The delisting of Hutchison Telecommunications, which has been in the works since early 2010, recently drew attention from New York securities regulators, who honed in on…
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05 August 00:30
Public companies, whether acting as landlords or tenants, are dreading a rule-driven earthquake, rumbling amidst the property beneath their very feet...
Precedent Watch
04 August 22:10
China's banking regulator has instructed lenders to test the impact of a fall in house prices of up to 50 percent in key cities where prices have risen sharply, banking and regulatory sources said on Thursday...
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04 August 21:53
U.S. fund manager Russell Investments said it is planning to put more money into the retail and office property sectors in Asia as the region leads the global economic recovery...
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04 August 07:30
Dubai International Capital the private equity arm of the Gulf Arab emirate, said it will focus on bringing German aluminium maker Almatis out of bankruptcy after...
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04 August 04:26
Romania's international lenders extended a 20 billion euro bailout programme, reassuring investors spooked by the country's deep recession, though it may face tougher compliance hurdles in future...
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04 August 03:45
Ivanhoe Mines is having "interesting" talks with potential new strategic investors following a recent move to ease restrictions on its shareholder registry...
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03 August 22:18
China Everbright Bank's IPO shares reserved for strategic investors have been hugely oversubscribed, signalling strong demand for the potentially $2.9 billion offering as stock markets recover...
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03 August 14:01
Donald Trump and the promoters of his Trump SoHo hotel-condominium were sued by buyers who accused them of fraudulently touting out-sized sales figures to encourage them to buy units and...
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03 August 05:00
The Washington Post Co will sell Newsweek to 91-year-old audio equipment magnate Sidney Harman, who promised to retain most of the U.S. weekly's 350 employees and give it a couple of years to reverse losses...
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03 August 02:03
Proceeds from initial public offerings in July soared on a global basis, hitting their highest level since before the 2008 financial meltdown, according to Thomson Reuters data...
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02 August 18:14
What does it take to make it as a technology entrepreneur...
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02 August 15:17
HSBC's North American chief executive expects the new U.S. financial reform law to cost it at least $110 million in annual revenue...
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01 August 12:12
Sri Lanka said it would invite outside investors into its $1.5 billion Hambantota port project, the keystone of a $6 billion post-war infrastructure revitalisation drive...
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30 July 02:00
Billionaire Li Ka-shing has offered to buy UK power grids from France's EDF for 5.8 billion pounds ($9.1 billion), giving his companies a foothold in more lucrative overseas markets...
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29 July 19:42
Toyota Motor Corp is considering offering cash incentives of 50,000 yen ($580) per car to its dealers throughout Japan from Oct. 1, the Tokyo Shimbun newspaper reported...
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29 July 17:00
Bank regulators have issued a final rule that would require mortgage loan originators to register with a national registry of mortgage loan originators as part of...
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29 July 01:32
Indonesia expects foreign direct investment to rise more than expected this year, as new and existing investors are drawn by strong consumer demand and increased stability in Southeast Asia's biggest economy...
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28 July 22:20
Malaysian billionaire Ananda Krishnan is set to buyout utilities and gaming company Tanjong Plc, the second of his listed firms in three days in a deal worth 4.4 billion ringgit ($1.38 billion)...
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28 July 17:06
The IMF has softened its criticism of China's currency regime in recognition of Beijing's efforts to free up its exchange rate but the move showed a split among the Fund's member countries...
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28 July 10:59
A day after BP said it would sell $30 billion in assets to pay for its Gulf of Mexico oil spill, the focus shifted to what is for sale, while lawyers prepared to tackle a mountain of claims for damages...
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28 July 10:56
After years of seeking a cost-cutting merger in stainless steel, ArcelorMittal is giving up the fight and says it wants to spin off its activities instead...
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28 July 10:30
Casey's General Stores said it would buy back $500 million worth of common stock as part of a recapitalization plan that could derail Canada's Alimentation Couche-Tard Inc's...
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28 July 06:30
BAE Systems and Rolls-Royce will supply India with 57 Hawk military training jets in a deal worth around 700 million sterling ($1.09 billion)...
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28 July 02:45
Not only are EU regulators crowing about their recently-concluded tests, but so too are those who have suffered through the stress. From ING to Barclays, European banks are disclosing that…
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28 July 02:30
Google may be turning green with envy over Baidu’s recently released unaudited financial results for its fiscal second quarter. The Chinese language search provider inherited a…
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27 July 18:32
Corporations in the United States are in "much better shape" than the market is pricing, and present strong growth opportunities even if the economy slips into a "double dip" recession...
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27 July 18:00
The Australian corporate regulator's latest foray into the area of disclosure has highlighted a growing tension within the financial services sector between the Corporations Act and the push for shorter...
Precedent Watch
27 July 17:10
The following are lists of upcoming high-grade and high-yield corporate bond offerings in the United States...
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27 July 17:00
Car rental company Avis Budget Group Inc said it amended a credit facility to secure financing for a potential offer for smaller rival Dollar Thrifty Automotive Group Inc...
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27 July 09:00
Tomkins Plc, the British maker of car parts, industrial hoses and bath tubs, backed a 2.9 billion pounds ($4.50 billion) takeover offer from Canadian investors that...
Reuters News
27 July 07:50
) The new laws are part of the west's latest attempt to pressure Tehran to drop its nuclear enrichment program, limit financial transfers and ban deals with the...
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27 July 07:00
Over one-third of investors expect Europe's banks to raise significant capital in the next six months following a health check that forced little fundraising but...
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27 July 06:50
DP World, part of the Dubai World conglomerate at the centre of the emirate's debt troubles, said better-than-expected container volumes will help boost profits in...
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27 July 06:30
Health insurer Centene Corp posted second-quarter earnings that beat Wall Street estimates, helped by membership growth in each of its states, and raised its...
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27 July 02:00
India's central bank raised interest rates more forcefully than expected in the face of inflation that has held stubbornly above 10 percent for the past five months...
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26 July 22:15
Japanese government bonds were little changed in a market struggling to find short-term cues after the results of European bank stress tests and ahead of economic data at...
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26 July 10:30
Bankrupt Canadian newsprint producer AbitibiBowater Inc said it repaid $166 million of its debtor-in-possession loan following an improvement in market conditions and...
Reuters News
26 July 04:52
The European Union's new financial supervisory bodies should not be able to directly regulate a domestic bank, a government minister said...
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26 July 01:30
Much of the US$55 billion in outbound investment, invested in the first half of 2010 by Chinese entities, can be credited to agile corporate counsel. Navigating through the maze of China’s outbound investment laws, these lawyers…
Precedent Watch
24 July 02:30
Indian Prime Minister Manmohan Singh reiterated his prediction headline inflation would ease to 6 percent by December, a forecast more optimistic than that...
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23 July 13:14
Seven European banks would not be strong enough to withstand another recession and would face a capital shortfall of 3.5 billion euros ($4.5 billion), tests run in an attempt to revive investor confidence...
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23 July 11:32
British aircraft engine maker Rolls-Royce said it secured $1.7 billion in orders at the Farnborough Airshow, including deals for its Trent 700 engine, the leading engine for the Airbus A330...
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23 July 03:30
President Obama's sprint to sign the financial reform bill may be over, but the massive regulator marathon has only just begun. From the CFTC to the FSOC…
Precedent Watch
23 July 01:45
Indian shares rose to their highest level in two-and-a-half years, bouyed by a rally in world equities and better-than-expected quarterly earnings by outsourcer Wipro...
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22 July 21:12
JFE Holdings Inc, Japan's second-biggest steelmaker, plans to invest about $1 billion in India's JSW Steel Ltd, Bloomberg reported, citing a person with knowledge of the deal...
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22 July 16:45
Dell Inc said it has agreed to a $100 million settlement with the U.S. Securities and Exchange Commission following an...
Reuters News
22 July 15:39
The State Bank of India sold $1 billion of five-year notes, said IFR, a Thomson Reuters service...
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22 July 12:45
Some of the world's largest tobacco companies showed this week that even in a sluggish global economy they have the power to raise prices in most countries and beat earnings expectations...
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22 July 09:00
International Paper announced today that it reached agreement to sell 163,000 acres of properties located in the southeastern United States for...
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22 July 03:00
Syngenta, the world's biggest agrochemicals company, expects its net profit to be down this year as a late start to the farming season following a harsh winter and higher taxes weigh...
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22 July 02:00
After hearing about toxic assets on bank balance sheets for years, it is strangely refreshing to hear about insurance companies reshuffling their toxic liabilities…
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22 July 00:30
For all the drama of high seas brigandage, many of the risks and costs go unpublicized. Wherever there’s insurance, litigation follows…
Precedent Watch
21 July 23:15
Paulson & Co, the hedge fund linked to civil fraud charges against Goldman Sachs, will launch a new fund open to retail investors...
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21 July 16:30
U.S. securities regulators said they will propose a cap on mutual fund marketing fees, a move that could reduce costs for investors and put a dent in brokerage and...
Reuters News
21 July 09:00
Pivotal talks this week on restructuring the debts of Dubai World could be a trigger for investors to return to the Gulf region, under a cloud since the...
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21 July 09:00
Altria Group Inc, the largest U.S. tobacco company, raised its full-year profit forecast, saying its performance in the first half of 2010 had exceeded its own expectations...
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21 July 03:33
British lender Royal Bank of Scotland confirmed it had placed an order worth over $7.6 billion at list prices for 52 Airbus A320 family aircraft and 43 Boeing 737 family aircraft...
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21 July 02:15
The conditions look ripe -- debt markets are up, companies' valuations soft -- but foreign private equity firms eyeing deals in Australia may now have to put their plans on...
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21 July 00:30
U.S. and Chinese media companies have at least thing in common – no it’s not their love of kung fu movies. Companies on both sides of the Pacific are restructuring…
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21 July 00:05
Hong Kong's Securities and Futures Commission has announced plans to regulate credit rating agencies based in the city, in an effort to keep up with...
Precedent Watch
20 July 22:08
PCCW and its chairman's privately owned fund plan to rescue debt-laden Vivacom, Bulgaria's biggest fixed-line operator, by jointly investing 180 million euros ($232 million) in return for a 51 percent stake...
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20 July 17:00
A South Korean consortium including KR Plant Service & Engineering Co, has secured a $1 billion order from Saudi Arabia to lay optical cables underground, a state trade agency said...
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20 July 09:45
Nokia Siemens Networks has won an eight-year contract worth more than $7 billion in the United States, a deal analysts said could be the largest order ever placed in the mobile telecoms gear industry...
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20 July 07:15
Private equity deals have spiked in recent months with a spate of assets changing hands as funds face pressure to spend capital raised in the boom and...
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19 July 20:42
India's Tata Steel has started talks with lenders including Citigroup to refinance as much as 3.5 billion pounds ($5.4 billion) in loans for its British unit, Bloomberg reported...
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19 July 07:19
Wall Street was set for a bounce, following a sharp fall in the previous session, when disappointing revenue from bellwethers reporting results, and downbeat consumer sentiment data, hurt equities...
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19 July 03:15
China's overall insurance premiums in the first six months rose 33.6 percent from a year earlier to 799.9 billion yuan ($118 billion), the China Insurance Regulatory Commission...
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18 July 00:30
In a move which signals Dubai’s recognition of fund management as a core business, the emirate has amended its regulatory regime to ease burdens on…
Precedent Watch
16 July 16:00
Canada proposed new regulations for credit rating agencies to boost investor confidence and prevent conflicts of interest that critics say may have contributed to the global credit crisis...
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16 July 08:00
Goldman Sachs Group Inc agreed to pay $550 million (356 million pounds) to settle civil fraud charges over how it marketed a subprime mortgage product...
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16 July 06:15
Even before bankers can finish celebrating the completion of Agricultural Bank of China's roughly $20 billion offer, they're preparing for an invite to another major IPO party…
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16 July 05:29
Citigroup Inc and AIG classified more than $11 billion in loans as sales in the second half of 2009, masking the companies' risk levels, filings with the U.S. Securities regulator showed....
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16 July 04:45
Britain's top companies are likely to use big name brands, patents and other exotic assets to help plug shortfalls in pension schemes and fund longer lifespans in the...
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16 July 04:31
Wall Street reform clears Congress...
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16 July 02:30
A recently enacted tax disclosure law from China is threatening to take the world by storm, even shaking public markets in the U.S., Hong Kong, Canada and Bermuda…
Precedent Watch
15 July 17:00
British Columbia launched North America's first government-run online casino on Thursday, aiming to take a cut of the big dollars its residents are already gambling over the web...
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15 July 15:40
The U.S. Congress approved the broadest overhaul of financial rules since the Great Depression and sent it to President Barack Obama to sign into law...
Reuters News
15 July 13:25
Oil and gas producer Apache Corp is seeking $6 billion to $7 billion financing to purchase up to $10 billion in assets from BP Plc in a deal that could be announced next week...
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15 July 12:03
Gold edged up after China's growth data for the second quarter was slightly weaker than expected, helping revive the precious metal's allure as a hedge at a time of economic uncertainty...
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15 July 05:19
Spain sold 3 billion euros ($3.8 billion) of a 15-year benchmark bond, at the top end of the Treasury's target range, following previous successful auctions in euro zone periphery countries this week...
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15 July 03:04
Oaktree Capital Management has won a $1.7 billion portfolio of distressed residential loans auctioned by the Federal Deposit Insurance Corp, the Financial Times reported, citing people familiar with the matter...
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15 July 01:00
While some China-based solar companies are infused with enthusiasm towards the PRC green sector, one company is treading carefully. NASDAQ-listed China Sunergy recently…
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15 July 00:00
Pirate attacks globally declined by nearly a fifth in the first half of 2010 from the same period last year due to a strong naval presence in the Gulf of Aden…
Precedent Watch
14 July 10:00
Thomas Barrack's Colony Capital won a bid to buy a 40 percent stake in a $1.85 billion portfolio of distressed commercial real estate loans from the...
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14 July 09:00
After three consecutive quarters of improvement, a new analysis from Hewitt Associates, a global human resources consulting and outsourcing company, found that...
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14 July 01:01
Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahayan is considering an investment in oil major BP...
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13 July 23:45
Boralex Inc, an alternative power producer, said it raised its offer to acquire the income trust it manages to an annual interest rate of 6.75 percent a year on the...
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13 July 04:00
African Minerals Ltd has sealed a second investment deal with a Chinese group for its flagship iron ore project in Sierra Leone, selling a 25 percent stake to Shandong Iron & Steel for $1.5 billion...
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13 July 03:08
Britain's financial regulator unveiled new rules obliging banks to make sure all mortgage customers can afford their repayments, in a move that will outlaw self-certification loans...
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12 July 18:28
Toronto-Dominion Bank, is pushing for a bigger commodities banking presence, announcing a new precious metals trading team this week just days after beefing up its oil and gas advisory business with...
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12 July 10:26
A monopoly abuse lawsuit against Apple Inc and AT&T Inc's mobile-phone unit can continue as a class action against the two companies, a U.S. judge ruled...
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12 July 09:29
General Growth Properties Inc, the second-largest U.S. mall owner, said it expects to receive a $500 million equity investment from a large Texas pension fund and emerge from bankruptcy protection by October...
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11 July 05:30
The China Insurance Regulatory Commission (CIRC) plans to let insurance companies decide the assumed interest rate on conventional life insurance policies...
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11 July 01:00
Taking public companies private ascribes new meaning to the Latin maxim, e pluribus unum. Abu Dhabi’s publicly listed Aabar Investments PJSC has announced…
Precedent Watch
09 July 02:00
Soaring fees lead to roaring fee fights, thanks to the insidious effects of the weak economy. Though still the exception, fees are the subject of courtroom focus in both...
Precedent Watch
08 July 03:30
The race to flee “disreputable” Caribbean tax havens for “legit” European low tax jurisdictions is now on with two insurance companies fleeing from…
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08 July 01:30
China's measures to gradually cool its property market will probably work, although more transparency is needed in bank lending to local governments...
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07 July 13:45
Carlyle Group is being sued by the liquidators of a failed mortgage-securities fund that was set up by the private equity group, a spokesman for the liquidators said...
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07 July 10:35
Small-sized acquisitions and strategic buys rather than blockbuster multibillion dollar deals will be on the minds of the media moguls and financiers who gather at this week's Sun Valley conference...
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07 July 02:45
London and New York are not about to lose their spots as the world's leading financial centers but they are being challenged by emerging market upstarts in a...
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07 July 00:00
Vantage Drilling Company announced that it has signed a definitive agreement to acquire the remaining 55% ownership interest in Mandarin Drilling Corporation...
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06 July 03:08
Gulf stock markets will miss out on getting on the global investment map unless regulators take concrete action to address concerns raised by MSCI, who denied the region emerging market status for the second year running...
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04 July 02:17
Troubled oil giant BP could get a reprieve from Middle East financial institutions looking to make a strategic investment in the company...
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02 July 05:30
United Arab Emirates telecoms services provider du will gain access to the network of rival and market leader Etisalat, creating a new wave of competition in the country, a local newspaper said...
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02 July 04:44
Now that China is staying true to its word and letting the yuan trade a bit more freely, analysts and investors outside the mainland may not be prepared for one potential outcome: a yuan drop...
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02 July 00:30
The deceptive quiet two weeks after the revaluation of the renminbi may continue on for some time. The renminbi, China's currency, which is also known as the yuan, was recently unpegged…
Precedent Watch
01 July 08:30
The House of Representatives approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama...
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30 June 19:30
ConocoPhillips said it completed the sale of its 50 percent stake in a truck stop joint venture to Pilot Travel Centers for $626 million, marking the latest step in its $10 billion asset sale plan...
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30 June 06:50
Egypt is likely to remain an Islamic finance laggard, hit by bad press from corruption scandals and a government keen to buttress its secular credentials and stymie Islamists ahead of elections next year...
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30 June 03:47
Indonesian telecommunications company PT Indosat said that it has extended the deadline for holders of its debt due in 2010 and 2012 to accept its offer to buy back the bonds...
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30 June 01:00
Financial services disclosure has been of particular interest since the implosion of the global financial system...
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29 June 06:44
About 15 percent of Agricultural Bank of China's total lending went to local governments as of the end of 2009, the bank said, which it claimed was lower than peers...
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28 June 19:55
The International Monetary Fund said it had approved the disbursement of the delayed third tranche of a $2.6 billion loan to Sri Lanka...
Reuters News
28 June 08:44
PT Media Nusantara Citra said it will continue with a plan to issue $300-$400 million in bonds in the fourth quarter of 2010, despite concerns that Europe's liquidity problems could force it to pay higher coupons...
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26 June 17:37
Dubai builder Arabtec expects payment in cash from troubled developer Nakheel to be made soon while payment in the form of a bond will take a few months...
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25 June 05:17
PT Bakrie & Brothers, the holding company for Indonesia's Bakrie family, said on Friday it was considering a rights issue for PT Bakrie Telecom...
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25 June 02:00
AgBank’s highly anticipated IPO is turning China’s rural finances into cerebral fodder. Unique risk factors paired with newly minted legislative subsidies…
Precedent Watch
24 June 18:27
The Australian government signalled that it was now open to renegotiating the 40 percent headline rate of its proposed mining tax, which has angered miners and worried voters...
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22 June 00:30
Riding restructuring's wave, surfing leader Quiksilver Inc. recently announced a $75 million capital stack rework, with a two-fer built in...
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21 June 12:30
Telesp, the Brazilian phone company controlled by Spain's Telefonica, has been promised around 30 billion reais ($17 billion) in financing to take over wireless carrier Vivo...
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18 June 00:30
Once the World Cup frenzy dissipates, South Africa will turn its attention back to the less electrifying fields of banking and finance...
Precedent Watch
16 June 02:17
Indonesia's central bank said it would issue longer-dated debt and widen its overnight policy corridor in a bid to manage strong capital inflows and divert them away from the short end of the market...
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12 June 12:10
Abu Dhabi's Etisalat said on Saturday it planned to invest 8 billion Egyptian pounds ($1.41 billion) in its Egyptian unit over the next three years, as it eyes growth in the market...
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12 June 04:03
Egypt's Orascom Telecom has not offered to pay the Algerian government any money and Algeria has not given up its right of first refusal on the firm's lucrative unit there...
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11 June 00:15
While many CDO’s may be destined for oblivion, the lucky ones are being recapitalized to live another day. Among this group is GSC Investment Corp...
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10 June 01:00
A first-of-its kind trade treaty stands to heat up the surprisingly dynamic relationship between Brazil and Israel…
Precedent Watch
09 June 18:29
South Africa's MTN Group has ended talks with Egypt's Orascom Telecom about a potential acquisition, sinking a deal that could have created the world's third-largest mobile operator...
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09 June 17:50
The Syrian finance minister said on Wednesday he would speak with managers of big Turkish banks to look into setting up joint banks in Syria, further strengthening economic ties between the two countries...
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09 June 16:29
South Africa sees growing opportunities for trade with other developing countries as new economic powerhouses emerge and Europe is engulfed by economic and currency weakness...
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09 June 14:56
Bharti Airtel will offer affordable rates in Africa to boost usage, but has no plan for a price war, a top company executive said on Wednesday, a day after the firm completed a deal to buy the African assets of Kuwait's Zain...
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09 June 14:40
Private Turkish banks are interested in setting up joint ventures with private Iraqi banks, Iraq's finance minister said on Wednesday...
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08 June 13:26
Airbus landed a record $11 billion order for superjumbos from Dubai's Emirates, the Arab world's largest airline, as the carrier shook off the risk of another recession and struck a blow to its older European rivals
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08 June 02:00
In an effort to cash in on China’s booming tourism industry, local carrier China Southern Airlines is stocking up on the latest aircraft from France’s Airbus…
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07 June 23:10
Costs for upstream oil projects are likely to rise after the BP Gulf oil spill, a senior executive at Malaysia's national energy firm Petronas said on Tuesday...
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07 June 02:00
As ad hoc mediators such as China and the U.S. tiptoe around renewed tensions between North and South Korea, general counsel and management of both local and international companies are thinking about what to disclose to investors…
Precedent Watch
05 June 10:31
Libya's LAP Green Networks is to buy 75 percent of Zambian fixed-line phone operator Zamtel for $257 million...
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03 June 23:57
Indonesia's state-controlled PT Telekomunikasi Indonesia (Telkom), said on Friday it expects a tower deal with Singapore Telecommunications (Singtel) to be completed this year...
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03 June 14:54
BNP Paribas and the Colakoglu Group, the majority shareholder in Turkey's TEB, signed a memorandum of understanding for the merger of TEB and Fortis Bank's Turkish unit Fortis Bank AS...
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03 June 13:32
Algeria's government cannot give a timetable for resolving a dispute over Orascom Telecom's Algerian unit Djezzy...
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03 June 10:53
Malaysian lender Affin Holdings has become a stumbling block in billionaire Quek Leng Chan's $1.6 billion plan to create the country's fourth-largest banking group...
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03 June 08:42
The daily Le Monde, one of France's most respected newspapers, is set to lose its prized independence in coming weeks as mounting losses force it to call in an outside investor...
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03 June 05:04
Global miner Xstrata threatened to scrap $5.4 billion in Australian coal and copper projects, blaming a new mining tax and taking the value of new developments put on hold to above $20 billion in just a month...
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02 June 10:00
Digital Realty Trust Inc agreed to buy a five-property data center portfolio for $725 million, and said it expects the deal to add to its fiscal 2010 funds from operations...
Reuters News
01 June 15:40
Auto parts supplier Visteon Corp rejected an unsolicited $1.25 billion bid from Johnson Controls Inc for most of its assets, saying it would stick to its own plan for emerging from bankruptcy...
Reuters News
01 June 14:26
Upscale store chain Barneys New York does not expect its parent Istithmar to explore a sale or any other transaction involving the company's ownership structure...
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01 June 13:58
Dubai Holding's main unit said it may resort to asset sales to deal with its debt after posting a $6.2 billion loss for 2009, sending shares in Dubai tumbling as the market reacted to the latest setback for...
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01 June 11:04
Chinese Internet firm Shanda Interactive Entertainment Ltd entered into an asset sale agreement with Hurray Holding Co Ltd to buy its recorded music and wireless value-added services business...
Reuters News
28 May 06:00
The financial reform fireworks are about to begin and both banks and non-banks are concerned. The reforms are focused on the most egregious "trespasses"…
Precedent Watch
26 May 02:00
A little known corporate finance structure – the covered bond – is gaining a lot of fans in the Canadian banking industry. Now that two Canadian majors have raised…
Precedent Watch
24 May 01:00
It’s the size of New York City, but its causeway runs toward Mecca rather than Montauk. The Kingdom of Bahrain is an unquestioned leader in Islamic finance and a...
Precedent Watch
20 May 04:00
Israel’s high tech defense and avionics systems manufacturer Elbit Systems Ltd. announced earlier this week that it will issue a shelf prospectus valid for two years, thus allowing…
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19 May 02:00
Not all Hollywood hits are confined to the silver screen. While the guest appearance of Oracle’s Super-CEO Larry Ellison in a recent blockbuster hit brings to light the big business aspect of Hollywood…
Precedent Watch
19 May 01:00
Whopping $500 million fines are just one reason sanctions and anti-money laundering measures continue to haunt international commerce. With advances in…
Precedent Watch
12 May 10:00
In 2008, AIG was floundering close to collapse and threatening to take the entire U.S. economy with it. The Federal Reserve stepped in and…
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12 May 01:00
Dubai’s free zones are stripped of many of the emirate’s more daunting ownership and licensing requirements, which has helped to foster growth in one of its bedrock industries – shipping and logistics…
Precedent Watch
10 May 06:00
The world economy may have been a bad dream for many, but not for generic pharma giant Teva Pharmaceuticals. In a recent filing, Teva revealed three legally impressive facts...
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06 May 10:00
Swaps have gotten a bad rap in the midst of crises from Greece to Goldman, largely unearned. Branded as the deceptive divas that dramatically topple once strong edifices, they are actually capital structure enhancers. Even in their more complex forms, like those recently used by…
Precedent Watch
05 May 06:00
BP’s filings are dripping with disclosures on its Gulf of Mexico oil spill and the contamination is spreading to other companies…
Precedent Watch
04 May 02:00
When it comes to multi-billion dollar investments, big oil companies are no more immune to cold feet than the rest of us. Published reports of warming relations between ConocoPhillips and the UAE appear to have been premature…
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30 April 08:00
Maybe the poor guy from La Mancha was really on to something when he began charging windmills. People have relied on wind power for centuries, yet several factors – among them new laws and regulations – are driving tremendous growth in wind power as of late…
Precedent Watch
30 April 01:00
As the cross-border telecom competition around the world continues to roil, Indonesia’s PT Indosat Tbk recently announced an increase of nearly 6 million new subscribers in 1Q 2010…
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14 April 08:00
Private equity diligence and deal-making have both taken on new flavors during this season of recovery. Recovering from the hangover of boom-year binges, major private equity firms are turning to fast food, pizza in particular, as their remedy of choice…
Precedent Watch
14 April 02:00
Once acutely secretive guardians of national treasure, sovereign wealth funds (SWFs) may be creeping out of the shadows with conspicuous efforts to achieve transparency…
Precedent Watch
12 April 04:00
A recent filing by a Turkish telecom company suggests that either the world credit crisis may be fading, or one just needs to know where to look. Earlier this month, Turkcell Iletisim Hismetleri A.S. announced…
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09 April 12:00
Some banks, especially regional banks far from Wall Street, just can’t seem to catch a break. Nebraska’s TierOne Corporation, the holding company for...
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05 April 08:00
In an interesting spin on corporate restructuring, creditors are fed up with the sky-high debt levels, and they are trying to deleverage – retroactively. Creditors at the Tribune Co and LyondellBasell have sued…
Precedent Watch
05 April 04:00
As the bright lights of Dubai World flicker, investors around the globe have had occasion to re-think not only their rights, but where to pursue potential remedies in the GCC. Courts, arbitration centers and special tribunals may…
Precedent Watch
31 March 06:00
Glacial movement in the private equity sphere of Islamic finance could finally be showing signs of a thaw. After a dormant 2009, several recently announced Sharia-compliant funds suggest PE is finally moving again...
Precedent Watch
26 March 06:00
Islamic banking’s breathless race to catch up to its conventional counterparts has at times run a bumpy course. To the customer, the inside of an Islamic branch may resemble a conventional bank, but appearances can deceive…
Precedent Watch
24 March 06:00
In the roll call of industries crushed by the global economic crisis, aviation sits near the top, literally and figuratively. Thin margins, high leverage and elastic fuel costs make operating airlines a dicey proposition in the best of times…
Precedent Watch
22 March 11:00
Inter-dealer brokerage BCG Holdings’ majority owner, private investment advisor Cantor Fitzgerald, subscribed to a private placement of $150 million convertible senior note issuance by BCG earlier this week...
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19 March 06:00
At the peak of a market it helped to stoke, now embattled Dubai World spent billions snapping up showplace properties in Manhattan and elsewhere. But as the dust begins to settle from the world economic crisis, assets continue to shift…
Precedent Watch
10 March 06:00
The foundations of Islamic finance may be trembling by dint of the controversial reasoning in a recent English court decision. Some Shariah-based contracts may now be interpreted in a manner that now places them under a cloud of doubt...
Precedent Watch
09 March 01:30
Crown Media Holdings, owner and operator of the Hallmark Channel and Hallmark Movie Channel, and Hallmark Cards, have approved and executed a…
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04 March 04:00
Citigroup, like many other banks and corporations, is continuing its Slimfast diet of divestments. The mega-bank is planning to spin off part of its Primerica life insurance. Citigroup will retain a stake and…
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28 February 12:00
Saudi Arabia's regulator has fined the country's biggest Islamic bank, al-Rajhi, for not notifying it about the resignation of two senior executives…
Precedent Watch
12 February 07:00
Hexion is a comeback story, part of private equity’s re-emergence, not just through, new investments but old ones as well...
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11 February 06:00
Takaful, the Islamic insurance product, represents an attractive subset of the trillion-dollar Islamic finance market, as premiums are expected to more than double to over $7 billion in the next few years…
Precedent Watch
10 February 07:00
There is a new sick man of Europe and he bears a worrisome gift: financial contagion concerning many European governments and private companies. All this, just as the UK is limping from its economic sickbed…
Precedent Watch
05 February 09:00
English football is sometimes known for its combativeness –but it may soon be known for its restructuring and corporate reorganization as well. In a corporate drama replete with leverage, hedge funds and the Glazer clan, Manchester United’s latest troubled offering…
Precedent Watch
15 January 06:30
The Shari'ah is not confined to a specific national jurisdiction. Nevertheless, it constitutes a corpus of rules on social conduct that is...
Precedent Watch - Guest Author
13 January 07:00
Limited partnerships and trusts may be due for a comeback in 2010. In 2009, LPs raised $1.8 billion through 31 separate Canadian offerings, while trusts like ARC Energy just completed a $250 million offering of units…
Precedent Watch
07 January 09:30
After a rough first half of 2009 for private equity, fund activity is picking up again, allowing for increased acquisition activity. Illustrating this trend, Henry Schein Inc, with the involvement of Oak Hill Capital….
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05 January 16:00
Lenders are showing more confidence in providing financing to joint ventures such as the Hard Rock Hotel & Casino in Las Vegas. Amendments were made to several loan agreements for…
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30 December 06:30
A few days from now, when everyone emerges from the haze of holiday celebrations, Canadian issuers will find themselves with just one year left to get their ducks in order for IFRS compliance. From mineral exploration company Platmin to…
Precedent Watch
23 December 06:00
The Financial Services Authority’s (FSA) stress tests are becoming increasingly stressful for many banks and building societies in the UK, yielding notable disclosure on the topic…
Precedent Watch
03 December 08:30
Telvent GIT S.A., a Madrid-based a global IT and business information services provider entered into corporate finance agreements with Caja de Ahorros y Pensiones de Barcelona and General Electric Credit Corp...
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24 November 15:00
The IRS on Monday released a new revenue procedure concerning net operating loss (NOL) carry back. The Worker, Homeownership and Business Assistance Act of 2009, when passed...
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20 November 06:00
Lawyers, check your escrow clauses, lest they bring a Fortune 1000 company to its knees. The bankruptcy saga of LandAmerica holds great importance, from SPACs to M&A and, of course, to commercial real estate deals. Seldom have…
Precedent Watch
12 November 11:30
Realogy Corp, parent of Century 21, Coldwell Bank and other real estate bands and owned by an affiliate of Apollo Management L.P., entered into an Intercreditor Agreement and…
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10 November 13:00
In a sign that consumer credit may be loosening just in time for the holiday shopping season, JCPenney Corporation signed an amended and restated Consumer Credit Card Program Agreement…
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06 November 07:00
With the recent November 4 passage of a referendum authorizing casino gaming in Ohio, Casino Properties development companies that like Lakes Entertainment are not…
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06 November 06:00
PIPEs aren’t just stock price killers anymore. Prominent companies like Kodak, General Electric, and even Goldman Sachs have used PIPEs to buttress their capital structures. Not only that – they are…
Precedent Watch
05 November 09:00
European Union lawmakers and the bloc's governments, clinched a deal early on Thursday over a stalled telecommunications reform package aimed at boosting competition…
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28 October 00:00
Deal-hungry international banks and firms flocking to Saudi Arabia say they are struggling to find qualified staff due to an outdated state education system that lacks business focus in an ultra-conservative country…
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27 October 17:15
Outspoken activist investor Nelson Peltz is set to join the board of asset manager Legg Mason. Peltz’s Trian Partners and affiliates own 4.3% of…
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30 August 11:39
Three numbers should suffice to give Chinese economic policymakers a sleepless night: 65.4 million, $28.7 billion and $2.45 trillion...
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22 August 02:13
The Dubai government, which is restructuring $23.5 billion (15.1 billion pounds) in debt, will launch a roadshow for fixed-income investors in Asia starting on August 26...
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18 August 12:46
Investors scared off by Dubai's debt crisis are taking a new look at government-related entity debt in the United Arab Emirates, but broad reforms are needed as well as competitive pricing to develop the secondary market...
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11 August 12:35
Saudi Arabia plans to build schools, hospitals, housing and other infrastructure projects as part of a five-year plan budgeted at $385 billion...
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04 August 22:10
China's banking regulator has instructed lenders to test the impact of a fall in house prices of up to 50 percent in key cities where prices have risen sharply, banking and regulatory sources said on Thursday...
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02 August 01:00
The tangled tentacles of securitizations-past continue to expose municipal finances to increased risk – as if they didn’t have enough to worry about. States have become oddly dependent on…
Precedent Watch
14 July 03:00
Before our very eyes, the SEC is transforming from a regulatory zero to a regulatory hero. After being widely criticized for dropping the ball on…
Precedent Watch
08 July 03:00
Build America Bonds are turning out to be hot commodities, but in fact these investments may not be as much of a commodity as their traditional tax-exempt municipal brethren...
Precedent Watch
09 September 03:30
Lloyds Banking Group <LLOY.L> has agreed to sell its stake in housebuilder Crest Nicholson to U.S. investment company Varde, continuing to shed non-core assets and refocus on its core lending activities...
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08 September 20:23
Hong Kong-based private equity firm First Eastern Investment Group will take a stake in All Nippon Airways' planned low cost carrier (LCC), the Nikkei business daily said on Thursday...
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06 September 04:15
Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund estimated to be the world's largest, named Ted Chu from U.S. automaker General Motors as its chief economist...
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03 September 00:30
With a multi-jurisdictional placing almost as smart as its name, Masawara is hoping that investors will see the potential for growth in Zimbabwe as the southern African country stands poised for political change…
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30 August 03:08
A former Taiwanese diplomat who says he wants to "save" American International Group's Taiwan unit from being bought by a Chinese firm is lining up a $2.5 billion bid with Japanese and...
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30 August 02:30
As the world’s derivatives markets race to take over global competitors, the potential impact of Dodd-Frank looms large...
Precedent Watch
30 August 01:00
The China Banking Regulatory Commission’s stern words to banks recently, intended to crack down on off-balance sheet loans, may be falling on half open ears. While the CBRC is empowered to…
Precedent Watch
25 August 16:03
Blackstone Group LP urged a federal appeals court not to revive an investor lawsuit accusing it of hiding bad investments before raising $4.7 billion in its 2007 initial public offering...
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24 August 02:36
A legal showdown between Lehman Brothers and Barclays Plc resumed with a Barclays executive testifying in court that a Barclays pact to buy parts of bankrupt Lehman was the...
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23 August 11:48
Industrial conglomerate Emerson Electric Co set its second asset sale in less than a week, agreeing to sell its LANDesk Software technology services unit to...
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12 August 19:52
Private equity firms General Atlantic and Apax Partners have agreed to effectively underwrite a planned stockmarket float of SouFun, China's second-largest online real estate website...
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12 August 04:53
Customs officials in Ukraine, which is considering introducing a quota system for grain exports, said on Thursday they had prevented export of 28,500 tonnes of wheat because of incorrect paperwork...
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11 August 14:45
American International Group Inc is selling most of its consumer finance unit to hedge fund and private equity firm Fortress Investment Group at a deep discount and...
Reuters News
09 August 19:26
Private equity firm Kohlberg Kravis Roberts & Co said it has canceled plans to sell $500 million of new common units, less than one month after it listed on the New York Stock Exchange...
Reuters News
09 August 19:25
Chinese carmaker Jianghuai Automobile Co said it plans to invest about 30 billion yuan ($4.4 billion) on production of new-energy cars through a partnership with a private equity firm...
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04 August 21:53
U.S. fund manager Russell Investments said it is planning to put more money into the retail and office property sectors in Asia as the region leads the global economic recovery...
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03 August 02:00
Mauritius has proven itself a jewel in the hands of clever lawyers looking to do deals from rapidly developing India to the Islamic Gulf. With its mix of friendly corporate and…
Precedent Watch
27 July 15:15
Private equity firms Clayton, Dubilier & Rice and Goldman Sachs' unit GS Capital Partners are to buy medical products provider HGI Holdings from another buyout firm...
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27 July 05:44
Angel Broking, a stock broking and wealth management firm, is in talks with private equity firms to raise as much as 3 billion rupees ($64 million), said three sources with direct knowledge of the matter...
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21 July 01:30
In the PRC’s highly regulated economy, listed companies and business not directly in the real estate sector can be intimately affected by regulatory changes such as those pertaining to zoning and land-use…
Precedent Watch
20 July 22:08
PCCW and its chairman's privately owned fund plan to rescue debt-laden Vivacom, Bulgaria's biggest fixed-line operator, by jointly investing 180 million euros ($232 million) in return for a 51 percent stake...
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20 July 07:15
Private equity deals have spiked in recent months with a spate of assets changing hands as funds face pressure to spend capital raised in the boom and...
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12 July 05:27
Blackstone Group will manage a $2-billion-plus Asian real estate fund of Bank of America-Merrill Lynch, in a deal that will close in the third quarter, sources familiar with the situation told Reuters...
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06 July 05:15
The implications of the auction for Taiwan cable TV company CNS may be felt far wider than just by the seller and the buyers involved...
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06 July 03:08
Gulf stock markets will miss out on getting on the global investment map unless regulators take concrete action to address concerns raised by MSCI, who denied the region emerging market status for the second year running...
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05 July 06:02
Bailed-out lender Lloyds Banking Group has agreed to sell its private equity business to buyout firm Coller Capital, accelerating its plan to offload peripheral units and refocus on its core lending activities...
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01 July 04:00
Private equity firms completed two of the only significant buyout deals in Australia since the global financial crisis, led by the $570 million sale of university programme provider Study Group...
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23 March 04:00
Of a population nearing seven billion, the number of qualified Shariah scholars in the entire world is estimated to be 200, or roughly the number of professional athletes in New York. In reality, a tiny subset of these scholars wields a disproportionate degree of the influence in the Islamic finance industry…
Precedent Watch