Finance

Litigation Watch: NY's Disclosure Cop Throws the Book at Merrill...and Others?

Fri, 30 Jul 2010 02:30:00 EDT

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…

Credit Ratings: Hot Bond Markets, Amidst the Chill of Dodd-Frank

Fri, 30 Jul 2010 02:30:00 EDT

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...

M&A Terms: Reverse Takeovers Drive Forward

Fri, 30 Jul 2010 02:00:00 EDT

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…

IPO Watch: Surf’s Up at Lisboa Leisure

Fri, 30 Jul 2010 02:00:00 EDT

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…

Li Ka-shing to Buy EDF's UK Grids for $9.1 bln

Fri, 30 Jul 2010 02:00:00 EDT

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...

Toyota Mulls Domestic Cash Incentive Plan

Thu, 29 Jul 2010 19:42:47 EDT

Toyota Motor Corp <7203.T> 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 on Friday...

Banking Agencies Set Registration Requirements for Mortgage Loan Originators

Thu, 29 Jul 2010 17:00:00 EDT

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...

Volkswagen to Hoard Cash Ahead of Porsche Deals

Thu, 29 Jul 2010 12:26:40 EDT

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...

New Bank Metro Opens for Business

Thu, 29 Jul 2010 03:24:45 EDT

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...

Food Price Speculators Feasting on Financial Innovation

Thu, 29 Jul 2010 02:00:00 EDT

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”…

Indonesia sees Surge in 2010 Foreign Investment

Thu, 29 Jul 2010 01:32:54 EDT

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...

Punj Lloyd unit amongst Firms Picked for Aramco Yanbu Refinery

Thu, 29 Jul 2010 01:00:00 EDT

Saudi Aramco has signed contracts with international firms to build a multi-billion dollar refinery at Yanbu on Saudi Arabia's Red Sea coast...

Malaysian Billionaire to Privatise Tanjong

Wed, 28 Jul 2010 22:20:28 EDT

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)...

IMF Split in China Yuan Exchange Rate Debate

Wed, 28 Jul 2010 17:06:53 EDT

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...

BP Tees Up Asset Sales to Pay for Spill

Wed, 28 Jul 2010 10:59:38 EDT

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...

ArcelorMittal Plans Stainless Spin-off, Eyes Ties

Wed, 28 Jul 2010 10:56:19 EDT

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...

Casey's Plans Buyback, Rejects Couche-Tard Bid

Wed, 28 Jul 2010 10:30:00 EDT

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...

India Signs $1.1 Billion Jet Deal With BAE, Rolls-Royce

Wed, 28 Jul 2010 06:30:00 EDT

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)...

Ghosts of CDOs Past: Subprime Litigation Spooking Hedge Funds

Wed, 28 Jul 2010 03:00:00 EDT

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…

Regulatory Watch: EU’s No Sweat Stress Tests

Wed, 28 Jul 2010 02:45:00 EDT

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…

Disclosure Watch: Baidu’s Q2 Glee

Wed, 28 Jul 2010 02:30:00 EDT

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…

Soros May Buy 4 Percent in BSE for $35-40 Million

Wed, 28 Jul 2010 02:07:44 EDT

Billionaire financier George Soros is in advanced talks to buy a 4 percent stake in Bombay Stock Exchange (BSE) for $35-$40 million...

Egypt Developer SODIC bids for Cairo Suburb Land

Wed, 28 Jul 2010 01:41:24 EDT

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...

Offering Watch: For Israel’s Radvision, Cash is King

Wed, 28 Jul 2010 01:00:00 EDT

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…

Global Agribusiness: Profit Takeaway Lost in Delivery

Wed, 28 Jul 2010 01:00:00 EDT

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…

Some Lenders Question Dubai's Shortfall Guarantees

Wed, 28 Jul 2010 00:31:23 EDT

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...

Substantial Issuer Bids: The Boom in Canadian Buybacks

Wed, 28 Jul 2010 00:15:00 EDT

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…

TPG-Axon Founder Sees Growth Possibilities in U.S.

Tue, 27 Jul 2010 18:32:36 EDT

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...

Disclosure Statements: 'Plain English' Versus the Corporations Act

Tue, 27 Jul 2010 18:00:00 EDT

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...

Guest Analysis: A Brief Examination of AAOIFI’s New Standards

Tue, 27 Jul 2010 18:00:00 EDT

In an effort to continue to guide the nascent Islamic Finance industry, the Accounting and Auditing Organization for Islamic Financial Institutions recently promulgated 11 new standards…

Forward Calendar - U.S. Corporate Bond New Issues

Tue, 27 Jul 2010 17:10:00 EDT

The following are lists of upcoming high-grade and high-yield corporate bond offerings in the United States...

HGI Changes Hands in $850 Million Private Equity Deal

Tue, 27 Jul 2010 15:15:00 EDT

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...

Tomkins Agrees to 2.9 Billion Pound Bid

Tue, 27 Jul 2010 09:00:00 EDT

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...

Europe Banks Say Stress Tests Positive

Tue, 27 Jul 2010 07:00:00 EDT

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...

Angel in Talks for $64 Million PE Investment

Tue, 27 Jul 2010 05:44:07 EDT

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...

India's Cbank Tightens Monetary Policy More Than Expected

Tue, 27 Jul 2010 02:00:00 EDT

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...

Ageas Sells Turkish Insurance to BNP Paribas

Tue, 27 Jul 2010 01:30:05 EDT

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...

After the Canadian IPO: Share Sale Restrictions

Tue, 27 Jul 2010 00:30:00 EDT

After a sluggish 2009, the forecast for Canadian IPOs was supposed to have improved. Indeed, 2010 started out well. But when…

Shimao Property Says Plans to Sell Dollar Bonds

Mon, 26 Jul 2010 23:15:00 EDT

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…

JGBs Little Changed, Data Eyed Afer Stress Tests

Mon, 26 Jul 2010 22:15:00 EDT

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...

DLF to Buy Out Dubai World in JV

Mon, 26 Jul 2010 12:39:56 EDT

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)...

Dubai World Document Reveals Price of Failure

Mon, 26 Jul 2010 12:33:51 EDT

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...

AbitibiBowater Repays $166 Million of DIP Loan

Mon, 26 Jul 2010 10:30:00 EDT

Bankrupt Canadian newsprint producer AbitibiBowater Inc said it repaid $166 million of its debtor-in-possession loan following an improvement in market conditions and...

China Everbright Bank Gets Nod for Shanghai IPO

Mon, 26 Jul 2010 05:15:08 EDT

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...

UK Says EU Must Not Intervene Directly in Domestic Banks

Mon, 26 Jul 2010 04:52:03 EDT

The European Union's new financial supervisory bodies should not be able to directly regulate a domestic bank, a government minister said...

Financing Watch: Chemical Maker Whips Up a Batch of Credit

Mon, 26 Jul 2010 02:30:00 EDT

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…

IPO Watch: Ocado's Frustrated Flotation

Mon, 26 Jul 2010 02:00:00 EDT

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…

PRC Outbound Investment Tide in Tough Regulatory Seas

Mon, 26 Jul 2010 01:30:00 EDT

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…

The Crucible of Islamic Finance: Dissolving IIG’s $200 Million Sukuk

Sun, 25 Jul 2010 18:00:00 EDT

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…

Indian PM Maintains Optimistic Inflation Forecast

Sat, 24 Jul 2010 02:30:00 EDT

Indian Prime Minister Manmohan Singh reiterated his prediction headline inflation would ease to 6 percent by December, a forecast more optimistic than that...

Seven Banks Fail Europe's Stress Test

Fri, 23 Jul 2010 13:14:33 EDT

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...

Rolls-Royce Inks $1.7 Billion in Airshow Orders

Fri, 23 Jul 2010 11:32:44 EDT

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...

Capitalisation Estimates for European Banks

Fri, 23 Jul 2010 04:39:20 EDT

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...

UK-Business Summary

Fri, 23 Jul 2010 04:33:27 EDT

Several Spanish savings banks fail stress test - report...

Financial Reform: Let the Regulators' Race Begin!

Fri, 23 Jul 2010 03:30:00 EDT

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…

Regulatory Watch: The Incredible Shrinking TALF

Fri, 23 Jul 2010 03:30:00 EDT

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…

Corporate Finance Watch: BP Sells Global Assets to Apache in $7 Billion Deal

Fri, 23 Jul 2010 03:00:00 EDT

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...

M&A Watch: When Competition Comes Calling, Israel Techs Get Merging

Fri, 23 Jul 2010 00:15:00 EDT

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...

JFE to Invest $1 Billion in India's JSW Steel

Thu, 22 Jul 2010 21:12:38 EDT

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...

Dell to Pay $100 Million in SEC Accounting Probe

Thu, 22 Jul 2010 16:45:00 EDT

Dell Inc said it has agreed to a $100 million settlement with the U.S. Securities and Exchange Commission following an...

Acquisition Watch: Israel’s Comverse is Selling, Soros is Buying

Thu, 22 Jul 2010 16:00:00 EDT

Fresh on the heels of its recent $225 million backdating settlement, Israel’s Comverse Technologies continues to pique the interest of global investors…

State Bank of India Sells $1 Billion 5-Year Notes

Thu, 22 Jul 2010 15:39:47 EDT

The State Bank of India sold $1 billion of five-year notes, said IFR, a Thomson Reuters service...

Tobacco Prices Up, Revenue Up

Thu, 22 Jul 2010 12:45:00 EDT

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...

International Paper to Sell 163,000 Acres of Real Estate Properties

Thu, 22 Jul 2010 09:00:00 EDT

International Paper announced today that it reached agreement to sell 163,000 acres of properties located in the southeastern United States for...

Syngenta Cuts Profit Forecast After H1 Drop

Thu, 22 Jul 2010 03:00:00 EDT

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...

Dubai World Ready to Use Tribunal for Debt Deal

Thu, 22 Jul 2010 02:18:34 EDT

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...

Corporate Finance Watch: Toxic Liability Sale

Thu, 22 Jul 2010 02:00:00 EDT

After hearing about toxic assets on bank balance sheets for years, it is strangely refreshing to hear about insurance companies reshuffling their toxic liabilities…

Minority Report: Buying Shares to Build Business

Thu, 22 Jul 2010 01:30:00 EDT

Global companies, take note of the Agricultural Bank of China’s neat ruse to improve the prospects of its recent Hong Kong IPO…

Piracy and Disclosures: The Dangers and Costs of Globalization

Thu, 22 Jul 2010 00:30:00 EDT

For all the drama of high seas brigandage, many of the risks and costs go unpublicized. Wherever there’s insurance, litigation follows…

Paulson & Co to Launch Retail Fund

Wed, 21 Jul 2010 23:15:31 EDT

Paulson & Co, the hedge fund linked to civil fraud charges against Goldman Sachs, will launch a new fund open to retail investors...

SEC Seeks Fund Fee, OKs Broker Disclosure

Wed, 21 Jul 2010 16:30:00 EDT

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...

Private Capital to Transform Sovereign Wealth Funds

Wed, 21 Jul 2010 15:30:00 EDT

A curious trend is developing among powerful sovereign and state-backed investment funds: despite being super rich in mainly oil-generated wealth...

Online Game Technology-Maker Amaya in C$5 Million IPO

Wed, 21 Jul 2010 11:46:26 EDT

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...

Altria’s Financials Staying Afloat

Wed, 21 Jul 2010 09:00:00 EDT

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...

Dubai World Restructuring Could Trigger Gulf Gains

Wed, 21 Jul 2010 09:00:00 EDT

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...

RBS Confirms $7.6 Billion Orders With Airbus and Boeing

Wed, 21 Jul 2010 03:33:51 EDT

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...

Litigation Watch: Goldman’s Settlement, Unsettling Wall Street?

Wed, 21 Jul 2010 03:00:00 EDT

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…

Australia a Problem Child for Investors Due to Tax

Wed, 21 Jul 2010 02:15:19 EDT

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...

PRC Hot Topic: Businesses Lament Early Real Estate Winter

Wed, 21 Jul 2010 01:30:00 EDT

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…

SEC Knew About Repos Accounting Before Lehman

Wed, 21 Jul 2010 01:26:33 EDT

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...

China Watch: Xinhua Refinances for Hollywood Action

Wed, 21 Jul 2010 00:30:00 EDT

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…

Etisalat to Spend $163 Million on Sri Lanka Expansion

Wed, 21 Jul 2010 00:27:54 EDT

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...

Hong Kong to Follow International Trend on Regulation of Credit Rating Agencies

Wed, 21 Jul 2010 00:05:00 EDT

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...

PCCW to Join Pinebridge in Vivacom Rescue

Tue, 20 Jul 2010 22:08:49 EDT

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...

S.Korea Consortium Wins $1 Billion Saudi Cable Order

Tue, 20 Jul 2010 17:00:17 EDT

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...

Nokia Siemens Wins $7 Billion U.S. Deal

Tue, 20 Jul 2010 09:45:50 EDT

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...

Buyout Deals Increase Amid Investor, Tax Pressures

Tue, 20 Jul 2010 07:15:00 EDT

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...

UK-Business Summary

Tue, 20 Jul 2010 03:28:41 EDT

Ireland to auction bonds after Moody's downgrade...

Tata Steel in Talks to Refinance $5.4 Billion in Loans

Mon, 19 Jul 2010 20:42:48 EDT

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...

EU Watchdog Aims to Push Derivatives onto Exchanges

Mon, 19 Jul 2010 12:48:13 EDT

Privately negotiated derivatives should be more standardised and traded on exchanges where possible, using incentives rather than mandatory rules for now...

Etisalat Close to Buying 26 Percent in Reliance Comm

Mon, 19 Jul 2010 12:45:40 EDT

Emirates Telecommunications (Etisalat) is close to buying 26 percent in telecoms firm Reliance Communications...

Bombardier Pins Qatar Issue on Engines

Mon, 19 Jul 2010 11:26:26 EDT

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...

Toll Brothers to Invest in Distressed Real Estate

Mon, 19 Jul 2010 08:56:41 EDT

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...

Stock Futures Point to Bounce for Wall Street

Mon, 19 Jul 2010 07:19:23 EDT

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...

Abu Dhabi, United Technologies in Military Aircraft Repair JV

Mon, 19 Jul 2010 05:02:09 EDT

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...

Moody's Downgrades Ireland

Mon, 19 Jul 2010 04:02:04 EDT

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...

Restructuring: From the Poorhouse to the Penthouse

Mon, 19 Jul 2010 03:00:00 EDT

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…

India: Western Capital Meets Eastern Promise

Mon, 19 Jul 2010 02:00:00 EDT

India is gaining new corporate renown as, via acquisitions and exchanges, its companies migrate worldwide…

Khazanah May up Parkway Offer to Stare Down Fortis

Sun, 18 Jul 2010 23:08:42 EDT

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...

Dubai’s Regulatory Reform: DIFC Rules Embrace Flexibility

Sun, 18 Jul 2010 00:30:00 EDT

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…

Emirates to Place $5 Billion Boeing Order

Sat, 17 Jul 2010 15:14:05 EDT

Emirates airline is set to place a $5 billion order for 20 Boeing 777 wide-body jets...

SEC Creates Units for Financial Firms, ABS

Fri, 16 Jul 2010 14:40:00 EDT

The Securities and Exchange Commission said it created three expert units to focus on big financial companies, complex securities and securities offerings...

Goldman Settles With SEC for $550 Million

Fri, 16 Jul 2010 08:00:00 EDT

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...

With AIA IPO Back On, Underwriter Guessing Game Begins

Fri, 16 Jul 2010 06:15:00 EDT

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…

Inflows Lift Polar Capital Assets to $2.6 Billion

Fri, 16 Jul 2010 05:30:00 EDT

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...

Citigroup and AIG Classified Certain Repos as Sales

Fri, 16 Jul 2010 05:29:34 EDT

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....

Whisky, Property, Brands to Help Save Pensions

Fri, 16 Jul 2010 04:45:00 EDT

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...

Impact of Euro Zone Debt Crisis

Fri, 16 Jul 2010 04:37:56 EDT

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...

UK-Business Summary

Fri, 16 Jul 2010 04:31:15 EDT

Wall Street reform clears Congress...

Deal Watch: Madison Square Garden Scores With Turner Construction

Fri, 16 Jul 2010 03:00:00 EDT

Turner Construction Company has scored a deal with Madison Square Garden, LP to manage the transformation of the Madison Square Garden Arena and the...

Lawyers Bamboozled as PRC Tax Bureau Takes Aim Offshore

Fri, 16 Jul 2010 02:30:00 EDT

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…

Offering Watch: Defining “Public” in Malaysian IPOs

Fri, 16 Jul 2010 02:15:00 EDT

A newly hatched Malaysian IPO demonstrates the lure of iconic American brands, yet in a decidedly un-American style offering...

Emerging Markets: The British are Coming

Fri, 16 Jul 2010 00:15:00 EDT

Buy shares in a leading British company and you might be buying more than you bargained for, as emerging market deals come into play…

Enforcement Watch: SEC, Goldman Agree to Record CDO Settlement

Thu, 15 Jul 2010 18:00:00 EDT

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...

Wall Street Reform Clears Congress

Thu, 15 Jul 2010 15:40:09 EDT

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...

Apache Seeking Financing to Buy BP Assets

Thu, 15 Jul 2010 13:25:00 EDT

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...

Egypt's Naguib Sawiris Eyes Poland, Serbia

Thu, 15 Jul 2010 12:48:08 EDT

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...

Gold Rises as its Allure Back After China Data

Thu, 15 Jul 2010 12:03:06 EDT

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...

Spain Sells 2025 Bond at Top of Range, Yields Rise

Thu, 15 Jul 2010 05:19:17 EDT

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...

Oaktree Capital Wins $1.7 Billion Asset Sale by FDIC-FT

Thu, 15 Jul 2010 03:04:31 EDT

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...

Governance Watch: Boardroom Dogfight at Israel’s Magal

Thu, 15 Jul 2010 02:00:00 EDT

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…

Disclosure Watch: China Sunergy Price Haggles its PRC Purchases

Thu, 15 Jul 2010 01:00:00 EDT

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…

Piracy Attacks fall by a Fifth in First Half of 2010

Thu, 15 Jul 2010 00:00:00 EDT

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…

Colony Wins FDIC Loan Sale for $440 Million

Wed, 14 Jul 2010 10:00:00 EDT

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...

Significant Market Volatility Prompts Decline in Global Pension Funding Levels in Second Quarter of 2010

Wed, 14 Jul 2010 09:00:00 EDT

After three consecutive quarters of improvement, a new analysis from Hewitt Associates, a global human resources consulting and outsourcing company, found that...

Nakheel Outlines Debt Plan to Bank Lenders

Wed, 14 Jul 2010 07:33:35 EDT

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...

Emboldened SEC, From Zero to Hero

Wed, 14 Jul 2010 03:00:00 EDT

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…

Tata Steel Denies $2 Billion Fund Raising Report

Wed, 14 Jul 2010 02:46:24 EDT

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"...

Healthcare and Generics: Deals and Drugs on Fast Track

Wed, 14 Jul 2010 02:30:00 EDT

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...

PRC Hot Topic: Travel Industry Changes Kick Start M&A Holiday

Wed, 14 Jul 2010 01:30:00 EDT

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…

Israel's BioLineRx Readies NASDAQ Share Offer

Wed, 14 Jul 2010 01:08:08 EDT

Israeli drug development company BioLineRx is planning a share offering on U.S. exchange NASDAQ...

Abu Dhabi Crown Prince Eyes BP Stake

Wed, 14 Jul 2010 01:01:55 EDT

Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahayan is considering an investment in oil major BP...

Corporate Finance Watch: Harry & David’s Amend & Extend Gift

Wed, 14 Jul 2010 00:30:00 EDT

Gift basket retailer Harry & David recently amended its existing credit agreement, extending the maturity date and reducing the size of the facility…

Guest Analysis: Chinese Developments in Anti-Monopoly Filings Part II

Tue, 13 Jul 2010 17:30:00 EDT

Under China’s Anti-Monopoly Law and the Filing Thresholds Regulations, the State Council has delegated to MOFCOM the right to investigate…

Citi Confirms Sale of Private Equity Unit

Tue, 13 Jul 2010 13:00:09 EDT

Citigroup Inc said it agreed to sell its private equity unit to StepStone Group LLC and Lexington Partners...

Borders to Sell Paperchase for $31 Million

Tue, 13 Jul 2010 08:42:57 EDT

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)...

Florida Banks Seek Reprieve From New Capital Rules

Tue, 13 Jul 2010 05:03:14 EDT

Banks in Florida are requesting that U.S. federal regulators exempt them from mandatory higher capital requirements because they...

African Minerals in $1.5 Billion Deal With Shandong

Tue, 13 Jul 2010 04:00:00 EDT

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...

FSA to Ban Self-Cert Mortgages

Tue, 13 Jul 2010 03:08:02 EDT

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...

European IPOs: Gambling on Business Risk

Tue, 13 Jul 2010 01:00:00 EDT

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…

TD Bank Eyes Bigger Commodities Presence

Mon, 12 Jul 2010 18:28:20 EDT

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...

Lawsuit Against Apple, AT&T Remains Class Action

Mon, 12 Jul 2010 10:26:45 EDT

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...

General Growth Gets $500 Million Texas Fund Investment

Mon, 12 Jul 2010 09:29:05 EDT

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...

Blackstone to Manage BofA's Asia Property Fund

Mon, 12 Jul 2010 05:27:53 EDT

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...

Dubai World to Meet Creditors July 22

Sun, 11 Jul 2010 08:29:56 EDT

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...

Six Groups Bid for Mecca-Medina Rail Stations

Sun, 11 Jul 2010 05:41:53 EDT

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...

When A-Lists Delist: Abu Dhabi’s Aabar Investment Goes Private

Sun, 11 Jul 2010 01:00:00 EDT

Taking public companies private ascribes new meaning to the Latin maxim, e pluribus unum. Abu Dhabi’s publicly listed Aabar Investments PJSC has announced…

Fee Food Fight: Lawyers Fees Being Litigated

Fri, 9 Jul 2010 02:00:00 EDT

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...

M&A Watch: China's Lenovo Gets Linkage

Fri, 9 Jul 2010 02:00:00 EDT

Lenovo-affiliate and tech giant AsiaInfo Holdings, Inc. just completed its merger with Linkage Technologies Holdings…

AsiaPac Hot Topic: Smoke in the Eyes of PRC Green Dreams

Fri, 9 Jul 2010 01:30:00 EDT

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...

Dubai's Lossmaking DHCOG Extends $555 Million Loan

Thu, 8 Jul 2010 09:37:39 EDT

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...

Redomiciliation Watch: Companies Scramble From Caribbean to Ireland

Thu, 8 Jul 2010 03:30:00 EDT

The race to flee “disreputable” Caribbean tax havens for “legit” European low tax jurisdictions is now on with two insurance companies fleeing from…

Corporate Finance Watch: Tech Industry Tapping the Credit Keg

Thu, 8 Jul 2010 03:00:00 EDT

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…

Build America Bonds: Stimulus Works for States...and (Some) Investors

Thu, 8 Jul 2010 03:00:00 EDT

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...

Istithmar Sells 6.9 Percent in SpiceJet

Thu, 8 Jul 2010 02:14:25 EDT

Dubai's Istithmar sold its 6.9 percent stake in low-cost carrier SpiceJet for $25.3 million...

China Measures to Cool Property Market Likely to Work

Thu, 8 Jul 2010 01:30:00 EDT

China's measures to gradually cool its property market will probably work, although more transparency is needed in bank lending to local governments...

BP Boss in MidEast Talks, More Progress on Relief Well

Thu, 8 Jul 2010 01:00:00 EDT

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...

Litigation Watch: SEC “Swaps” Insider Trading Loss for Regulatory Win

Thu, 8 Jul 2010 01:00:00 EDT

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…

Guest Analysis: Chinese Developments in Anti-Monopoly Filings Part I

Wed, 7 Jul 2010 19:00:00 EDT

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…

Carlyle Hit With Suit Over Collapsed Mortgage Fund

Wed, 7 Jul 2010 13:45:00 EDT

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...

Media Executives See Small Deals as Key to Future

Wed, 7 Jul 2010 10:35:24 EDT

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...

ICBC Could Raise $6.6 Billion in China Bank Funding Drive

Wed, 7 Jul 2010 02:46:30 EDT

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...

Bigger Role Seen for Emerging Financial Centers

Wed, 7 Jul 2010 02:45:00 EDT

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...

Vantage Drilling Company Announces Agreement to Purchase Mandarin Drilling Corporation

Wed, 7 Jul 2010 00:00:00 EDT

Vantage Drilling Company announced that it has signed a definitive agreement to acquire the remaining 55% ownership interest in Mandarin Drilling Corporation...

MBK's $2 Billion Taiwan Auction May Have Broader PE Impact

Tue, 6 Jul 2010 05:15:00 EDT

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...

Gulf Needs Concrete Action for Emerging Market Leap

Tue, 6 Jul 2010 03:08:54 EDT

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...

Canadian Hot Topic: CSA Proposes New Fund Rules

Tue, 6 Jul 2010 01:00:00 EDT

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…

S&P Upgrades Qatar and Qatar Petroleum to 'AA'

Mon, 5 Jul 2010 11:34:51 EDT

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...

Lloyds Offloads Private Equity Unit

Mon, 5 Jul 2010 06:02:21 EDT

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...

Backdating Backlash: Comverse Comes Full Circle With Settlement

Mon, 5 Jul 2010 02:00:00 EDT

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…

Credit Watch: Closing the GAAP to IFRS

Mon, 5 Jul 2010 01:00:00 EDT

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…

Saudi Airlines' Catering Unit Eyes IPO by March 2011

Sun, 4 Jul 2010 09:49:28 EDT

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...

BP Could Get Backing From Mideast Firms

Sun, 4 Jul 2010 02:17:05 EDT

Troubled oil giant BP could get a reprieve from Middle East financial institutions looking to make a strategic investment in the company...

Egypt's Mobinil Signs Off on Purchase of OT Internet

Sat, 3 Jul 2010 03:49:48 EDT

Mobinil shareholders approved the $130-million purchase of two internet assets from major shareholder Orascom Telecom...

Bank of China Plans Rights Issue for $8.8 Billion

Fri, 2 Jul 2010 08:20:40 EDT

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...

Abu Dhabi's Aabar Launches $2 Billion Loan

Fri, 2 Jul 2010 06:30:25 EDT

Abu Dhabi investment vehicle Aabar Investments has launched syndication of a $2 billion loan that will mature on May 21, 2013...

Dubai's Du to Gain Access to Etisalat Network

Fri, 2 Jul 2010 05:30:50 EDT

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...

Watch Out: Yuan May Fall as Volatility Picks Up

Fri, 2 Jul 2010 04:44:48 EDT

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...

Lagardere to IPO Canal+ Stake After Vivendi Impasse

Fri, 2 Jul 2010 04:03:39 EDT

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...

Debt Watch: Virgin Courts Bondholders With Note Refinancing

Fri, 2 Jul 2010 02:30:00 EDT

Virgin Media has set the scene for possible share buy-backs, dividends or capital investments by putting itself in rude financial health with a…

Yuan Revaluation: All’s Quiet on the Disclosure Front

Fri, 2 Jul 2010 00:30:00 EDT

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…

Private Equity Watch: Blue Square’s Propco-Opco Spinoff

Fri, 2 Jul 2010 00:15:00 EDT

The private equity gambit of asset-shifting continues to find opportunistic participants…

House Passes Landmark Financial Reform Bill

Thu, 1 Jul 2010 08:30:00 EDT

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...

AgBank HK Offer 10 Times Oversubscribed by Institutions

Thu, 1 Jul 2010 04:13:50 EDT

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...

Two Australia PE Deals Signal Buyout Comeback

Thu, 1 Jul 2010 04:00:00 EDT

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...

Barclays Sets Up Swiss Corp Bond Syndicate Team

Thu, 1 Jul 2010 03:44:34 EDT

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...

Debt Watch: Two Sides to the Credit Exposure Coin

Thu, 1 Jul 2010 01:30:00 EDT

Sovereign credit risk is an issue beyond the Eurozone – to wit, South African credit, post-World Cup, is causing a stir…

Indonesia Works Overtime: State as Regulator-Competitor

Thu, 1 Jul 2010 00:30:00 EDT

When the government both competes and regulates, the outcome of the competition should rarely be in doubt…

ConocoPhillips Sells Truck Stop Stake for $626 Million

Wed, 30 Jun 2010 19:30:00 EDT

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...

Nakheel Starts 40 Percent Cash Payments to Creditors

Wed, 30 Jun 2010 10:33:50 EDT

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...

Egypt Islamic Finance Sector Faces Uphill Struggle

Wed, 30 Jun 2010 06:50:11 EDT

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...

Indosat Extends Debt Buyback Offer Period

Wed, 30 Jun 2010 03:47:58 EDT

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...

Israel Oil Refineries Gets $600 Million Syndicated Loan

Wed, 30 Jun 2010 03:30:29 EDT

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...

Propco/Opco: Playing With the House’s Money?

Wed, 30 Jun 2010 03:00:00 EDT

Propco-opco structures are a lot like the movie Casino: Both bring together gaming with refrigerated storage, and both are fraught with conflict...

Disclosure Watch: Korea’s Largest Bank Files Annual Report

Wed, 30 Jun 2010 01:00:00 EDT

Financial services disclosure has been of particular interest since the implosion of the global financial system...