March 2010
11 March 17:28
The European Union hit back on Thursday against U.S. criticism of plans to crack down on hedge funds, saying its push for openness in the industry met a commitment also given by Washington and others...
11 March 14:01
Hospital chain Fortis Healthcare will buy 23.9 percent of Singapore's Parkway Holdings from U.S. buyout firm TPG Capital in an expansion drive into Asia and the Middle East...
11 March 12:11
The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said...
11 March 11:15
The Financial Supervisory Commission has set five conditions for the deal, including ensuring the buyers' funding sources meet Taiwan regulations…
11 March 11:00
The new China Trade Representative office will absorb a tangle of offices that have overlapping influence on trade matters, and it will have functions similar to the United States Trade Representative…
11 March 10:44
Google threatened in January to shut its Chinese Google.cn portal and to pull back from China, citing problems of censorship and a hacking attack from within the country...
11 March 06:24
The reduction comes as once-booming markets in both Shanghai and Hong Kong, which raised more funds in IPOs than anywhere else in the world last year, have started to weaken…
11 March 06:23
Dubai World will present its first concrete proposals to local banks on restructuring $22 billion in debt, The National newspaper reported, citing unnamed sources...
11 March 04:32
Malaysian airport operator Malaysia Airports Holdings Bhd <MAHB.KL> is planning to raise as much as 400 million ringgit ($120.6 million) from a share placement, according to a term sheet obtained by Reuters...
11 March 04:06
Egypt's telecom regulator has extended the deadline for bids for two restricted licences to supply cable, voice and internet services to residential compounds by one month, after requests from potential bidders...
11 March 02:07
More sharia hedge funds are likely to be launched, specialising in healthcare, telecoms and technology stocks, a U.S. financial firm said, as the industry debates how far Islam sanctions such investments...
10 March 19:00
Lenders to Dubai World will get a range of options including full repayment once Abu Dhabi decides how much additional support it will give its debt-laden neighbour, sources close to the discussions said...
10 March 14:03
Banks in the United Arab Emirates may require more government support if the debt restructuring of state-owned Dubai World forces lenders to take significant "haircuts" or debt writedowns, analysts say...
10 March 13:27
Goldman Sachs Group Inc asked a Canadian court to give it and its partners another shot at winning the broadcast assets of bankrupt Canwest Global Communications Corp...
10 March 13:24
Britain is preparing concessions to Germany and France that will pave the way for European finance ministers to agree draft regulations on hedge funds as soon as next week, sources with knowledge of the matter said...
10 March 10:00
Chilean copper miner Antofagasta Minerals aims to expand into a global player, doubling output after 2015 through takeovers and developing its own projects, from Pakistan to the United States...
10 March 09:57
Fertilizer producer Terra Industries Inc told proposed merger partner Yara International to improve its takeover bid, saying an offer from CF Industries Holdings Inc is superior...
10 March 09:32
Belgium-based insurance group Fortis returned to profit in 2009 and resumed its dividend, a year after its dramatic break-up, and announced it would be changing its name to ageas...
10 March 08:40
Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry...
10 March 07:35
India offers better opportunities for equity investors compared with China as the growth potential is stronger and there are more quality Indian companies to choose from...
10 March 06:22
Dubai-owned utility Dewa's $1.5 billion bond issue in early April will carry no government guarantee, which is likely to limit investor interest while Dubai state enterprises are struggling with a debt crisis...
09 March 11:26
The federal government will support Dubai as it grapples with a $26 billion debt restructuring and expects the matter to be resolved soon, the United Arab Emirates' finance minister said...
09 March 10:40
Ratings agency Standard & Poor's has cut its ratings on cooling firm Tabreed, bailed out by Abu Dhabi, saying a debt restructuring looked likely and the prospect of further help was low...
09 March 04:50
Britain's biggest mall owner, Liberty International, is carving up its 6.2 billion pounds portfolio to drive shareholder value, a likely watershed for the rebounding UK listed property sector...
09 March 04:24
Airbus parent EADS fell to a heavy 2009 loss and axed its dividend as production niggles on its A380 superjumbo swelled provisions and dampened the outlook for this year, despite signs of an aviation recovery...
08 March 17:49
The government's sale of shares in miner NMDC will raise up to $2.56 billion after it set a price range for the offer at a discount of 13-25 percent to Monday's closing level...
08 March 15:18
LyondellBasell filed a restructuring plan on Monday, rejecting a takeover bid from Reliance Industries that valued the bankrupt petrochemicals firm at $14.5 billion...
08 March 13:15
Bank of New York Mellon Corp, the world's largest custodian of financial assets, said it agreed to acquire Germany's BHF Asset Servicing GmbH for $343 million...
08 March 12:05
Kraft Foods Inc is being investigated by U.K. regulators on whether the company misled employees and investors in its battle to take over British firm Cadbury, the Wall Street Journal said...
08 March 11:39
European Union finance ministers will discuss next week how to dampen speculation on sovereign credit default swap markets, sources said, as central bankers worry some selling practices pose wider risks...
08 March 10:52
Insurer Prudential took steps to underpin its record-breaking rights issue by bringing forward plans for an Asian listing, while also starting to meet sceptical investors in Britain to explain the deal's merits...
08 March 10:22
A dearth of real estate firms listing on the London Stock Exchange's junior market is unlikely to change before 2012, even as the property market revives, with gun-shy investors only willing to...
08 March 08:29
Hopes of progress this week on Dubai World $26 billion debt restructuring lifted stocks and eased fears of default but potential divisions emerged among creditors to the state-owned conglomerate...
08 March 08:15
China is under intense pressure from the United States and Europe to abandon the exchange rate peg it instituted of around 6.83 yuan per dollar since mid-2008 to preserve the competitiveness…
08 March 08:00
Warring creditors of Six Flags Inc take their battle for the theme park operator before a bankruptcy judge on Monday, with the outcome likely hanging on how much debt the company can afford…
08 March 08:00
Kraft Foods is being investigated by British regulators on whether the company misled employees and investors in its battle to take over Cadbury, the Wall Street Journal said…
08 March 06:34
The new so-called international board would allow foreign-domiciled companies to make initial public offerings in China…
08 March 06:31
AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, in a deal that would help the U.S. government recover billions in bailout funds...
08 March 01:34
China is a potential major customer for U.S. pork in the future and producers are looking for exports to resume after being halted last year due to H1N1 concerns…
07 March 08:00
Kuwait's Investment Dar, which owns half of British luxury carmaker Aston Martin, said that it was considering along with creditors' to use a $5.2 billion state rescue facility…
05 March 11:34
Hypermarcas, the biggest Brazilian multibrand consumer goods maker, agreed on Friday to buy diaper maker Sapeka Fraldas in cash and stock to grow in a market that is booming as more low-income families...
05 March 10:24
European governments are exploring ways to curb trade in credit default swaps but may have to settle for requiring greater disclosure rather than banning certain forms of speculation...
05 March 10:21
Broadband services provider RCN Corp said it agreed to be bought by investment fund ABRY Partners for about $536 million, excluding debt, as private-equity firms return to the deal market...
05 March 08:25
Regulators conditionally approved TransCanada Corp's plan for a C$200 million ($194 million) pipeline, the first federally regulated shale gas transport system in Western Canada...
05 March 08:00
China's Chongqing Water Group Co said on Friday it would launch an initial public offering of 500 million yuan-denominated A shares to raise funds for projects requiring about…
05 March 07:38
Abu Dhabi-linked firms will pay more to raise capital in the wake of Moody's downgrades as a government statement of support for the high-profile firms fell short of explicit guarantees...
05 March 05:09
The European Union executive is tempering its hopes of securing a legally binding climate deal in talks this year culminating in Cancun, Mexico, focusing instead on a 2011 summit in South Africa, a source said...
05 March 03:31
China Development Bank, a powerful, state-owned Chinese bank, said on Thursday it will review its strategic tie-up with Barclays Plc, including its equity stake in the British bank…
05 March 02:44
The assurance of a direct sale compared to the uncertainty of selling a minority stake and braving the equity market can be hard to resist for sellers, particularly for buy-out houses…
05 March 01:34
IPOs don't get much larger than the $12 billion offering from Dai-ichi Mutual Life Insurance Co, Japan's second-biggest insurer, and optimism is running high that it will kickstart the country's...
04 March 22:34
Holders of bankrupt Tribune Co bonds have filed a lawsuit to disallow claims by banks that funded the company's $8.2 billion leveraged buyout, according to court documents filed...
04 March 08:33
France will play a more active role in managing its state shareholdings, President Nicolas Sarkozy said on Thursday unveiling policies aimed at halting the decline of French industry...
04 March 08:00
Dubai World's overseas investment arm has lost its second prime New York property after defaulting on payments to Danske Bank, an executive at the lender said, raising questions over the future of its...
04 March 07:47
Babcock International's proposed takeover of defence services company VT Group moved a step closer after the pair said they were in talks over a potential deal to create a global services powerhouse...
04 March 07:40
Investors who lost money to U.S. swindler Bernard Madoff through a fund set up by UBS cannot seek compensation directly from the Swiss bank, a Luxembourg court ruled on Thursday, relieving pressure on UBS...
04 March 05:56
David Black, the president and CEO of North American media business Black Press Group Ltd, is making a bid for Canwest's chain of Canadian newspaper dailies, The Globe and Mail said...
04 March 05:30
Debt-burdened Greece launched a critical bond issue on Thursday and urged Germany and other EU partners to send a clear signal of confidence in Athens to financial markets that would allow it to...
04 March 04:11
Bargains are hard to find among potential takeover targets, but a greater access to financing and a need for revenue growth should propel a pickup in mergers and acquisitions, private equity executives said...
04 March 02:58
Investors defrauded by U.S. swindler Bernard Madoff awaited a Luxembourg court ruling on Thursday over their wish to sue Swiss bank UBS, potentially sparking a wave of compensation claims...
04 March 01:09
Shareholders of Washington Mutual Inc have filed a complaint against the savings bank holding company for not convening an annual shareholders' meeting for nearly two years, court documents show...
03 March 17:49
Officials working for European Union financial markets chief Michel Barnier will meet industry experts and supervisors on Friday to discuss debt speculators amid concerns traders are worsening Greece's borrowing problems...
03 March 17:09
Investors are becoming less convinced that a global carbon market, estimated to be worth about $2 trillion by the end of the decade, can be established as uncertainty over global climate policy persists...
03 March 15:54
Islamic banking must speed standardisation to grow while monetary authorities should enact laws that allow expansion into new Sharia-based products in domestic markets, industry experts said...
03 March 13:32
The U.S. Justice Department has launched an investigation into whether hedge funds might have acted together in betting against the euro, a source familiar with the situation said...
03 March 13:08
Britain's largest insurer Prudential has lined up more than 30 banks to sell its $21 billion (13.9 billion pounds) rights issue, sources said, showing ample appetite for the deal backing its colossal Asian acquisition...
03 March 10:03
Dutch photocopier and printing systems maker Oce told a court on Wednesday a case brought by shareholders dissatisfied by a takeover offer from Japan's Canon may be damaging and pushed for a quick ruling...
03 March 08:39
Sovereign wealth funds, currently a big source of capital for private equity and hedge fund managers, may increasingly become their competitors as they seek to manage assets for outside investors.…
03 March 08:22
Ranbaxy Laboratories said on Wednesday it would not be able to launch a generic urinary drug as per schedule in the absence of a final regulatory approval, sending its shares down more than 6 percent...
03 March 08:00
The Canadian government is open to discussions about possibly allowing foreign investors to hold a majority stake in domestic telecommunications firms…
03 March 08:00
Singapore Exchange, Asia's second most valuable bourse by market capitalisation, plans to introduce trading of American Depository Receipts in coming months…
03 March 07:09
An Islamic megabank slated to open this year is expected to spur bank mergers in the Gulf Arab region, where lenders are struggling to compete with large financial institutions...
03 March 06:10
CITIC Capital, the flagship investment arm of state-owned CITIC Group, will ramp up its foreign expansion plans after receiving a major investment from China's sovereign fund, the firm's CEO said...
03 March 05:00
Proposed regulation in Europe would add a lot of restrictions to raising capital on the continent, but it is questionable if it will go through as planned, a senior executive at private equity giant Blackstone Group said on Tuesday...
02 March 16:24
Congress should not create blanket exemptions from new rules designed to make trading of over-the-counter derivatives more transparent, a commissioner on the top U.S. futures regulator said...
02 March 15:18
The Internal Revenue Service has agreed to work more closely with the Securities and Exchange Commission to regulate the U.S. municipal bond market, the IRS said on Tuesday, adding the two...
02 March 14:04
The U.S. Federal Deposit Insurance Corp is expected to offer $3.8 billion of guaranteed securitizations backed by the residential mortgage assets of failed banks...
02 March 13:00
Malaysia's Affin Islamic Bank is unlikely to drop the bai bithaman ajil financing structure, its chief said on Monday, reflecting the industry's struggle to achieve a…
02 March 12:44
(Reuters) Apple Inc accused HTC Corp, which makes touchscreen smartphones using Google Inc's software, of infringing 20 hardware and software patents related to the iPhone, in a lawsuit filed on Tuesday.
02 March 12:38
Dow Chemical Co is selling its Styron basic plastics unit to private equity firm Bain Capital Partners for $1.63 billion...
02 March 12:30
Qatari Islamic lender Masraf al-Rayan on Monday said it had launched a new GCC-wide fund with a mandate to manage up to $1.1 billion and focus on Gulf equities, as well as fixed income instruments…
02 March 12:30
A template for an over-the-counter Islamic derivative contract was launched, offering a channel for the emerging industry to better hedge itself against risks.…
02 March 12:30
Indonesia aims to raise 1 trillion rupiah ($108.1 million) from the sale of Islamic debt, or sukuk, on Tuesday next week…
02 March 12:30
Abu Dhabi investment firm Invest AD is seeking to raise $325 million from third-party investors for a $400 million private equity fund that will invest in North Africa and the Middle East (MENA)…
02 March 12:30
Abu Dhabi Commercial Bank and Schroder & Co Bank AG are setting up a private banking partnership in Switzerland to offer services to wealthy clients from the United Arab Emirates…
02 March 12:06
A Luxembourg court will rule on Thursday whether investors who lost millions of dollars to U.S. swindler Bernard Madoff can seek compensation directly from Swiss bank UBS, potentially sparking a wave of claims...
02 March 11:36
Britain's Prudential has pulled in a range of banks to help it sell its $21 billion rights issue, sources familiar with the matter said, as it seeks to broaden its shareholder base in Asia...
02 March 11:19
Vedanta launched a $775 million convertible bond issue on Tuesday, seeking to refinance debt at lower interest rates...
02 March 08:55
The top two U.S. mall owners will square off before a judge on Wednesday to shape the outcome of the largest U.S. real estate bankruptcy ever...
02 March 08:45
Britain's Prudential will buy American International Group's Asian life insurance arm for $35.5 billion in the insurance sector's biggest deal ever…
02 March 07:35
South Korea's Hyundai Motor Co announced a sharp rise in February sales, benefiting from recall woes at rival Toyota Motor Co, which planned aggressive incentives to win back U.S. customers...
02 March 07:18
A team of British financiers is working on a 1 billion pound bid for football club Manchester United, but the club's owners are not interested in selling, media reported...
02 March 05:43
Zhongsheng Group, a Chinese dealership which provides services for automakers including Japan's Toyota Motor Corp, put off a $1 billion Hong Kong initial public offering, citing volatile market conditions...
02 March 05:00
Ping An Insurance (Group) Co of China, which is seeking control of Shenzhen Development Bank, said it is still waiting for a series of Chinese regulatory approvals...
02 March 04:13
General Motors said it will triple its funding of European arm Opel and cut its request for state aid, in a bid to win over European governments and labor...
02 March 04:11
Japan's Canon Inc said it had acquired or been tendered 71 percent of Oce's shares in a takeover bid of the Dutch printer maker that closed Monday, short of its target of 85 percent...
02 March 02:00
Prudential's proposed acquisition of AIG's Asian crown jewel puts pressure on other insurers to bulk up in the fast-growing region and could trigger a series of rival approaches...
02 March 00:45
Mega Financial, Taiwan's No 4 financial holding firm, would be looking to take a controlling stake in a Chinese commercial bank after China and Taiwan sign a trade agreement…
01 March 11:46
A creditor group led by U.S. private equity firm Apollo Management is expected to to reject India's Reliance Industries Ltd's bid for bankrupt chemicals maker LyondellBasell...
01 March 09:45
Baxter International Inc said on Monday it would pay up to $330 million to acquire U.K.-based ApaTech, a privately held maker of biologics products used in orthopedic and dental surgeries...
01 March 09:00
T-Mobile, the British arm of Deutsche Telekom, and France Telecom's Orange won EU regulatory approval on Monday for their plan to merge after they pledged to give up some radio spectrum...
01 March 09:00
General Motors has approached previous bidders for its Hummer unit after a deal to sell the brand to an obscure Chinese firm collapsed…
01 March 08:26
AstraZeneca said on Monday it was exercising an option with Merck & Co to take back full rights to certain drugs marketed in the United States and would pay the U.S. group $647 million in April...
01 March 08:08
Goldman Sachs Group Inc's board has rejected demands from shareholders that the firm investigate recent compensation awards, recoup excessive compensation and reform pay practices...
01 March 08:00
Shares in Cinram International Income Fund plunged almost 70 percent on Monday on news that its biggest customer will end its six-year agreement with the Canadian DVD and CD replicator…
01 March 08:00
Lions Gate Entertainment Corp said on Monday its board will review activist investor Carl Icahn's unsolicited bid to increase his share in the company…
01 March 05:32
Property investor NewRiver and Morgan Stanley Real Estate Investing have created a joint venture to acquire UK retail property which has bought its first portfolio for 49 million pounds ($75 million)...
01 March 05:00
Singapore's Changi Airport said on Monday it has acquired a 5 percent stake in Gemina S.p.A, the operator of two airports in Rome, for S$100 million ($71 million)...
01 March 05:00
Shanghai Pudong Development Bank,part-owned by Citigroup Inc, will raise about 40 billion yuan ($5.9 billion) by selling a roughly 20 percent strategic stake to China Mobile, two brokerages said…
01 March 05:00
Nigeria's privatization body said it had cleared up any confusion over China Unicom's involvement in a $2.5 billion bid for the former state telecoms monopoly…
01 March 04:14
Sweden's economy unexpectedly slid back into recession in the fourth quarter, figures showed on Monday, sending the crown lower and raising questions about how soon interest rates will rise...
01 March 03:42
SolarWorld, Germany's biggest solar company by revenue, acquired nearly a third of a Qatar-based polysilicon joint venture in a move to shift production abroad in light of rising labour costs at home...