Westlaw Business Currents - The Legal Lens on Business News http://currents.westlawbusiness.com/ (c) Thomson Reuters/West. No Claim to Orig. U.S. Govt. Works. All Rights Reserved. en-us Thu, 11 Mar 2010 18:02:26 EST Thu, 11 Mar 2010 18:02:26 EST westlawbusiness-currents@thomsonreuters.com (Westlaw Business Currents Editorial Staff) 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...http://currents.westlawbusiness.com/Articles/2010/03/20100311_0021.aspx?src=RSSThu, 11 Mar 2010 17:28:01 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0021.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100311_0022.aspx?src=RSSThu, 11 Mar 2010 14:01:13 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0022.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100311_0019.aspx?src=RSSThu, 11 Mar 2010 12:11:52 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0019.aspx?src=RSS CBOE Holdings Inc, which operates the biggest U.S. options exchange, said on Thursday it is planning to raise as much as $300 million in an initial public offering...http://currents.westlawbusiness.com/Articles/2010/03/20100311_0020.aspx?src=RSSThu, 11 Mar 2010 11:58:50 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0020.aspx?src=RSS The Financial Supervisory Commission has set five conditions for the deal, including ensuring the buyers' funding sources meet Taiwan regulations… http://currents.westlawbusiness.com/Articles/2010/03/20100311_0011.aspx?src=RSSThu, 11 Mar 2010 11:15:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0011.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/03/20100311_0013.aspx?src=RSSThu, 11 Mar 2010 11:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0013.aspx?src=RSS Investors and analysts have greeted the deal with skepticism, however. Since the deal was first reported in early March, China Mobile's Hong Kong-listed shares have fallen 3 percent…http://currents.westlawbusiness.com/Articles/2010/03/20100311_0009.aspx?src=RSSThu, 11 Mar 2010 10:48:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0009.aspx?src=RSS 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... http://currents.westlawbusiness.com/Articles/2010/03/20100311_0012.aspx?src=RSSThu, 11 Mar 2010 10:44:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0012.aspx?src=RSS More than 100 nations have now endorsed the Copenhagen Accord, a non-binding agreement reached after two weeks of tortuous wrangling at a 194-nation summit in December.….http://currents.westlawbusiness.com/Articles/2010/03/20100311_0010.aspx?src=RSSThu, 11 Mar 2010 10:30:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0010.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0025.aspx?src=RSSThu, 11 Mar 2010 10:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0025.aspx?src=RSS In an enviable spurt of deal activity keeping law firms globally busy, AIG has just signed up for three cash-raising deals valued in excess of $45 billion. Together, these transactions may allow AIG to repay part of what it owes its rich Uncle… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0022.aspx?src=RSSThu, 11 Mar 2010 08:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0022.aspx?src=RSS When venturing abroad, it is important to know the lay of the land to avoid getting lost. When investing in Hong Kong, it is even more important to know the law of the land to avoid the wrath of the Securities and Futures Commission… http://currents.westlawbusiness.com/Articles/2010/03/20100311_0032.aspx?src=RSSThu, 11 Mar 2010 08:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0032.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/03/20100311_0014.aspx?src=RSSThu, 11 Mar 2010 06:24:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0014.aspx?src=RSS Dubai World will present its first concrete proposals to local banks on restructuring $22 billion in debt, The National newspaper reported, citing unnamed sources...http://currents.westlawbusiness.com/Articles/2010/03/20100311_0005.aspx?src=RSSThu, 11 Mar 2010 06:23:02 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0005.aspx?src=RSS Unilever N.V. and Unilever plc have agreed a Supplemental Agreement to their Equalisation Agreement. The Supplemental Agreement removes references to the Euro and Pound Sterling within… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0021.aspx?src=RSSThu, 11 Mar 2010 06:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0021.aspx?src=RSS New technologies have resulted in a blurring of the lines between various forms of media, with television, print, and many other forms sprouting in non-traditional ways. Against this backdrop of changing parameters, the Canadian media industry faces challenges… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0017.aspx?src=RSSThu, 11 Mar 2010 06:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0017.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100311_0006.aspx?src=RSSThu, 11 Mar 2010 04:32:37 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0006.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100311_0003.aspx?src=RSSThu, 11 Mar 2010 04:06:53 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0003.aspx?src=RSS HSBC Holdings said the theft of data by a former employee affected about 15,000 Swiss client accounts, after previously saying it affected "less than 10 clients"...http://currents.westlawbusiness.com/Articles/2010/03/20100311_0002.aspx?src=RSSThu, 11 Mar 2010 03:58:28 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0002.aspx?src=RSS London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields...http://currents.westlawbusiness.com/Articles/2010/03/20100311_0001.aspx?src=RSSThu, 11 Mar 2010 03:47:55 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0001.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100311_0004.aspx?src=RSSThu, 11 Mar 2010 02:07:41 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0004.aspx?src=RSS It’s “do or die” time for many SPACs, as several have announced or closed deals recently, while others have run out of time and have been forced to liquidate… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0023.aspx?src=RSSThu, 11 Mar 2010 02:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0023.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100310_0012.aspx?src=RSSWed, 10 Mar 2010 19:00:03 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100310_0012.aspx?src=RSS Global regulators have set up an extra body to assess how new bank capital requirements will affect the economy after industry criticism that introducing tougher rules too soon could stall recovery...http://currents.westlawbusiness.com/Articles/2010/03/20100310_0009.aspx?src=RSSWed, 10 Mar 2010 17:49:36 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100310_0009.aspx?src=RSS Around one in two sovereign wealth funds invest in private equity, real estate and infrastructure assets to seek a diversified source of returns, a report showed...http://currents.westlawbusiness.com/Articles/2010/03/20100310_0003.aspx?src=RSSWed, 10 Mar 2010 14:26:11 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100310_0003.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100310_0005.aspx?src=RSSWed, 10 Mar 2010 14:03:10 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100310_0005.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100310_0011.aspx?src=RSSWed, 10 Mar 2010 13:27:17 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100310_0011.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100310_0008.aspx?src=RSSWed, 10 Mar 2010 13:24:24 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100310_0008.aspx?src=RSS Citigroup's launch of preferred securities on Wednesday is a potentially major test of market sentiment, one year after prices of bank bonds and stocks plunged to multi-year lows, analysts said... http://currents.westlawbusiness.com/Articles/2010/03/20100310_0010.aspx?src=RSSWed, 10 Mar 2010 12:08:43 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100310_0010.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100311_0007.aspx?src=RSSWed, 10 Mar 2010 10:00:05 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0007.aspx?src=RSS Investor protection looks set for quite a bumpy ride, thanks to two just-announced mergers.  The proposed acquisitions of RiskMetrics by MSCI and of Bowne by RR Donnelley seem likely to impact everything from… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0024.aspx?src=RSSWed, 10 Mar 2010 10:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0024.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100310_0006.aspx?src=RSSWed, 10 Mar 2010 09:57:01 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100310_0006.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100310_0002.aspx?src=RSSWed, 10 Mar 2010 09:32:52 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100310_0002.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100310_0004.aspx?src=RSSWed, 10 Mar 2010 08:40:58 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100310_0004.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100310_0001.aspx?src=RSSWed, 10 Mar 2010 07:35:11 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100310_0001.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100311_0008.aspx?src=RSSWed, 10 Mar 2010 06:22:34 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0008.aspx?src=RSS Clever structuring has been known to let many a party have their cake and eat it too. Of late, reverse mergers between PRC and U.S. companies are proving themselves more useful than a simple listing on the NASDAQ or NYSE… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0020.aspx?src=RSSWed, 10 Mar 2010 06:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0020.aspx?src=RSS 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...  http://currents.westlawbusiness.com/Articles/2010/03/20100309_0016.aspx?src=RSSWed, 10 Mar 2010 06:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0016.aspx?src=RSS As PE deals heat up, Telecom provider RCN Corporation announced last week that it has entered into a $1.2 billion merger agreement with private equity firm Abry Partners... http://currents.westlawbusiness.com/Articles/2010/03/20100309_0018.aspx?src=RSSWed, 10 Mar 2010 04:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0018.aspx?src=RSS Oil wildcatters are seeking liquid gold in what was once one of the furthest corners of the British Empire, whether labeled the Falklands or Las Malvinas. Along with this quest has come a parallel quest for funding… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0019.aspx?src=RSSWed, 10 Mar 2010 04:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0019.aspx?src=RSS Not quite as controversial as the delayed release of Bank of America’s secret bonus agreements with Merrill but still noteworthy, Daimler has disclosed the details of its exit from Chrysler… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0015.aspx?src=RSSWed, 10 Mar 2010 01:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0015.aspx?src=RSS Canadian corporate mergers and acquisitions continued to rebound in the fourth quarter, with the number of deals rising 18 percent year over year and the value of the transactions… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0014.aspx?src=RSSTue, 9 Mar 2010 17:30:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0014.aspx?src=RSS The recent uptick in merger activity has included an increase in strong-armed takeover tactics that has made unfriendly deals even more hostile...http://currents.westlawbusiness.com/Articles/2010/03/20100309_0009.aspx?src=RSSTue, 9 Mar 2010 15:30:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0009.aspx?src=RSS Comerica Inc, a large U.S. regional bank, said it priced an offering of more than 22.8 million of its shares at $35 a share… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0013.aspx?src=RSSTue, 9 Mar 2010 14:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0013.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100309_0006.aspx?src=RSSTue, 9 Mar 2010 11:26:17 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0006.aspx?src=RSS The European Commission will consider banning the naked selling of contracts that investors use to hedge against countries defaulting on their debt, its chief said... http://currents.westlawbusiness.com/Articles/2010/03/20100309_0011.aspx?src=RSSTue, 9 Mar 2010 11:15:58 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0011.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100309_0026.aspx?src=RSSTue, 9 Mar 2010 10:40:45 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0026.aspx?src=RSS Smart money investor John Paulson is placing his bets on SuperYellowPages’ emergence from bankruptcy. After emerging from reorganization under Chapter 11 and incurring more than $9 billion in...http://currents.westlawbusiness.com/Articles/2010/03/20100304_0019.aspx?src=RSSTue, 9 Mar 2010 10:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100304_0019.aspx?src=RSS Conflict-based lawsuits are the latest in anti-takeover protection -- and are fraught with concerns for lawyers, clients and shareholders alike. Suits against major firms remind: while sometimes... http://currents.westlawbusiness.com/Articles/2010/03/20100304_0029.aspx?src=RSSTue, 9 Mar 2010 08:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100304_0029.aspx?src=RSS After unanimous approval by independent members of its board of directors, specialty finance REIT Crystal River Capital, Inc. agreed to merge with...http://currents.westlawbusiness.com/Articles/2010/03/20100308_0001.aspx?src=RSSTue, 9 Mar 2010 06:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0001.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100309_0010.aspx?src=RSSTue, 9 Mar 2010 04:50:31 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0010.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100309_0005.aspx?src=RSSTue, 9 Mar 2010 04:24:22 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0005.aspx?src=RSS Film stars, exotic real estate bubbles and international intrigue lend Dubai a patina of the sensational that masks an Olympian accomplishment in the emirate:  The near-instantaneous creation of a sophisticated financial regulatory regime… http://currents.westlawbusiness.com/Articles/2010/03/20100304_0026.aspx?src=RSSTue, 9 Mar 2010 04:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100304_0026.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/03/20100304_0020.aspx?src=RSSTue, 9 Mar 2010 02:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100304_0020.aspx?src=RSS Crown Media Holdings, owner and operator of the Hallmark Channel and Hallmark Movie Channel, and Hallmark Cards, have approved and executed a… http://currents.westlawbusiness.com/Articles/2010/03/20100308_0002.aspx?src=RSSTue, 9 Mar 2010 00:30:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0002.aspx?src=RSS Arrow said on Monday that the non-binding, conditional bid from a company jointly owned by Shell and PetroChina would give shareholders A$4.45 in cash per share…http://currents.westlawbusiness.com/Articles/2010/03/20100308_0007.aspx?src=RSSMon, 8 Mar 2010 21:16:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0007.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100308_0018.aspx?src=RSSMon, 8 Mar 2010 17:49:50 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0018.aspx?src=RSS LyondellBasell filed a restructuring plan on Monday, rejecting a takeover bid from Reliance Industries that valued the bankrupt petrochemicals firm at $14.5 billion...http://currents.westlawbusiness.com/Articles/2010/03/20100308_0013.aspx?src=RSSMon, 8 Mar 2010 15:18:50 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0013.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100308_0019.aspx?src=RSSMon, 8 Mar 2010 13:15:53 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0019.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100308_0012.aspx?src=RSSMon, 8 Mar 2010 12:05:34 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0012.aspx?src=RSS France Telecom and Deutsche Telekom may have gotten a rare, lucky break from competition authorities in Europe after a review of their proposed JV merging the Orange UK and T-Mobile UK brands… http://currents.westlawbusiness.com/Articles/2010/03/20100304_0024.aspx?src=RSSMon, 8 Mar 2010 12:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100304_0024.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100308_0017.aspx?src=RSSMon, 8 Mar 2010 11:39:16 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0017.aspx?src=RSS The dual-listed airlines of the PRC are faced with dual challenges: they must contend with a travel boom (a good problem) as well as the glare of regulators, including the SEC… http://currents.westlawbusiness.com/Articles/2010/03/20100304_0027.aspx?src=RSSMon, 8 Mar 2010 11:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100304_0027.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100308_0015.aspx?src=RSSMon, 8 Mar 2010 10:52:11 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0015.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100308_0016.aspx?src=RSSMon, 8 Mar 2010 10:22:28 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0016.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100308_0009.aspx?src=RSSMon, 8 Mar 2010 08:29:13 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0009.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/03/20100308_0005.aspx?src=RSSMon, 8 Mar 2010 08:15:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0005.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/03/20100310_0007.aspx?src=RSSMon, 8 Mar 2010 08:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100310_0007.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/03/20100311_0017.aspx?src=RSSMon, 8 Mar 2010 08:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0017.aspx?src=RSS Pension and related risk disclosures were once an overlooked component of annual reports. Fast-forward a few years and the mere boilerplate disclosures of…http://currents.westlawbusiness.com/Articles/2010/03/20100304_0022.aspx?src=RSSMon, 8 Mar 2010 08:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100304_0022.aspx?src=RSS The new so-called international board would allow foreign-domiciled companies to make initial public offerings in China… http://currents.westlawbusiness.com/Articles/2010/03/20100308_0004.aspx?src=RSSMon, 8 Mar 2010 06:34:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0004.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100308_0011.aspx?src=RSSMon, 8 Mar 2010 06:31:56 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0011.aspx?src=RSS 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... http://currents.westlawbusiness.com/Articles/2010/03/20100304_0023.aspx?src=RSSMon, 8 Mar 2010 06:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100304_0023.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/03/20100308_0006.aspx?src=RSSMon, 8 Mar 2010 01:34:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0006.aspx?src=RSS Boston Scientific’s acquisition of Guidant in 2006 came with an unexpected liability – criminal charges. In a recently filed plea agreement... http://currents.westlawbusiness.com/Articles/2010/03/20100308_0003.aspx?src=RSSMon, 8 Mar 2010 01:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100308_0003.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0007.aspx?src=RSSSun, 7 Mar 2010 08:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0007.aspx?src=RSS Corporate raider Carl Icahn is at it again, but this time his target is in the entertainment sector. Icahn recently filed a cash tender offer for up to 13.2 million shares in Vancouver-based Lions Gate Entertainment… http://currents.westlawbusiness.com/Articles/2010/03/20100304_0021.aspx?src=RSSFri, 5 Mar 2010 13:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100304_0021.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100305_0011.aspx?src=RSSFri, 5 Mar 2010 11:34:43 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100305_0011.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100305_0001.aspx?src=RSSFri, 5 Mar 2010 10:24:26 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100305_0001.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100305_0010.aspx?src=RSSFri, 5 Mar 2010 10:21:16 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100305_0010.aspx?src=RSS Goldman’s equity-based pay packages are back in spotlight, as Goldman’s managing directors face new requirements from the financial services giant. MDs are now being required to hold more equity… http://currents.westlawbusiness.com/Articles/2010/03/20100302_0030.aspx?src=RSSFri, 5 Mar 2010 10:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100302_0030.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100305_0007.aspx?src=RSSFri, 5 Mar 2010 08:25:26 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100305_0007.aspx?src=RSS Fertilizer maker CF Industries formally launched an exchange offer for all of the outstanding shares of Terra Industries and said its offer is superior to Yara's current offer for the company... http://currents.westlawbusiness.com/Articles/2010/03/20100305_0008.aspx?src=RSSFri, 5 Mar 2010 08:24:54 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100305_0008.aspx?src=RSS Named after the Chinese word for peace, Ping An Insurance’s latest move is generating anything but a peaceful response. Recently, Ping An announced that it will be gradually unlocking… http://currents.westlawbusiness.com/Articles/2010/03/20100302_0041.aspx?src=RSSFri, 5 Mar 2010 08:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100302_0041.aspx?src=RSS A little known, but recently notorious, corner of the commercial real estate world is actually going through an upsurge. Led by Passco, Inland, and American Realty Capital, it's powered by unique legal structures… http://currents.westlawbusiness.com/Articles/2010/03/20100304_0025.aspx?src=RSSFri, 5 Mar 2010 08:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100304_0025.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/03/20100311_0015.aspx?src=RSSFri, 5 Mar 2010 08:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100311_0015.aspx?src=RSS A small Midwestern bank has negotiated with the U.S. Treasury for taxpayers to essentially buy the bank's shares at an above-market-value price, in an unusual transaction reflecting how…http://currents.westlawbusiness.com/Articles/2010/03/20100305_0012.aspx?src=RSSFri, 5 Mar 2010 08:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100305_0012.aspx?src=RSS Indebted Spanish media company Prisa reached a deal with Liberty Acquisition Group on Friday worth around $900 million for the publisher of El Pais and… http://currents.westlawbusiness.com/Articles/2010/03/20100309_0012.aspx?src=RSSFri, 5 Mar 2010 08:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100309_0012.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100305_0005.aspx?src=RSSFri, 5 Mar 2010 07:38:33 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100305_0005.aspx?src=RSS After last year’s global financial services crisis, the PRC government has been hard at work to prevent a doomsday scenario from occurring. The China Banking Regulatory Commission (CBRC) in particular is faced with oxymoronic challenges… http://currents.westlawbusiness.com/Articles/2010/03/20100304_0028.aspx?src=RSSFri, 5 Mar 2010 07:30:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100304_0028.aspx?src=RSS Most companies have critical stress points – particular customers, suppliers, licenses or services upon which they are highly reliant for future success. But when that stress point fractures, things can get very ugly. Just ask CINRAM International... http://currents.westlawbusiness.com/Articles/2010/03/20100302_0040.aspx?src=RSSFri, 5 Mar 2010 06:00:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100302_0040.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100305_0002.aspx?src=RSSFri, 5 Mar 2010 05:09:59 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100305_0002.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/03/20100305_0004.aspx?src=RSSFri, 5 Mar 2010 03:31:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100305_0004.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/03/20100305_0003.aspx?src=RSSFri, 5 Mar 2010 02:44:00 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100305_0003.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100305_0006.aspx?src=RSSFri, 5 Mar 2010 01:34:10 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100305_0006.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/03/20100305_0009.aspx?src=RSSThu, 4 Mar 2010 22:34:48 ESThttp://currents.westlawbusiness.com/Articles/2010/03/20100305_0009.aspx?src=RSS