Latest News
Foreigners eye Reliance Cap life unit
Financial Express (India), The | 9 hours 40 minutes ago
Three foreign insurance firms have approached Reliance Capital about buying a stake in its life insurance business before a planned listing, the financial services firm's chief executive said on Monday.... (more)
Light Reading Europe - Optical Networking - Ciena Beats NSN to Buy Nortel's MEN - Telecom News Analysis
Light Reading | 9 hours 48 minutes ago
Following a weekend-long auction process that began Friday and ended Sunday, Ciena Corp. (Nasdaq: CIEN) has, it seems, beaten out Nokia Siemens Networks in the two-horse race to buy Nortel Networks Ltd. 's Metro Ethernet Networks (MEN) division.... (more)
Industrial Development Bank sold for NIS 572m
Globes (Israel) | 9 hours 50 minutes ago
Zvika Barinboim won the privatization tender for Industrial Development Bank of Israel Ltd (TASE:) with a bid of NIS 572 million. The Government Companies Authority held the auction for the bank yesterday. Barinboim outbid Mizrahi Tefahot Bank (TASE:) and Bank of Jerusalem (TASE: ). ... (more)
National Australia Bank to Consider U.K. Assets as RBS, Lloyds Plan Sales
Bloomberg | 9 hours 51 minutes ago
National Australia Bank, which runs the Clydesdale Bank and Yorkshire Bank in the U.K., is watching the potential asset sales â??very closely,â?? Chief Executive Officer Cameron Clyne said today in Sydney. It's too early to say if the Melbourne-based bank may pursue any acquisitions, he said.... (more)
ET Solar Group Announces RMB400 Million Syndicate Loan
CNBC | 10 hours 29 minutes ago
NANJING, China, Nov 23, 2009 /PRNewswire-Asia via COMTEX/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based photovoltaic ("PV") system turnkey solution provider and integrated manufacturer of PV products announced obtainment of an RMB400 million credit facility.... (more)
Investment funds profit again off mortgages
St. Louis Post-Dispatch | 10 hours 53 minutes ago
As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess.... (more)
Korea Deposit Insurance Selling Woori Finance Shares - Term Sheet
Wall Street Journal, The | 11 hours 40 minutes ago
DOW JONES NEWSWIRES South Korea's state-owned Korea Deposit Insurance Corp. is seeking to raise KRW494.89 billion (US$428.2 million) in a block sale of Woori Finance Holdings Co. (053000.SE) shares, according to a term sheet seen Monday by Dow Jones Newswires.... (more)
UPDATE 1-India's Reliance shares up on value in Lyondell deal
Reuters | 11 hours 41 minutes ago
MUMBAI, Nov 23 (Reuters) - Shares in energy major Reliance Industries (RELI.BO) rose to one-month highs on Monday as traders said its offer for bankrupt petrochemicals company LyondellBasell Industries [ACCEIN.UL] was well timed and would help its core businesses.... (more)
Hochtief AG raised to buy at Goldman Sachs
MarketWatch | 11 hours 42 minutes ago
Hochtief AG /quotes/comstock/11e!fhot (DE:HOT 56.48, +1... (more)
2nd UPDATE: Lloyds Raises GBP8.5 Billion In Bond Exchange
Wall Street Journal, The | 11 hours 42 minutes ago
(Adds detail and additional comment.) By Kathy Sandler Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Lloyds Banking Group PLC (LYG) Monday said it has raised GBP8.5 billion in new debt, most of which can convert to equity in times of stress, marking a major step in a GBP22.5 billion recapitalization that helps the U.K. bank move out from under the shadow of government support.... (more)
Hong Kong IPO Pipeline - Nov 23
Reuters | 11 hours 43 minutes ago
HONG KONG, Nov 23 (Reuters) - The following are some of the major companies planning initial public offerings on the Hong Kong stock exchange.... (more)
China's big banks urged to up capital ratios -source
Reuters | 11 hours 44 minutes ago
HONG KONG, Nov 23 (Reuters) - China's banking regulator has urged big state lenders including Bank of China (601988.SS) (3988.HK) to raise capital adequacy ratios to 13 percent next year after rapid loan expansions in 2009, according to a source with direct knowledge of the matter.... (more)
Lloyds Raises $14.03 Billion in Bond Exchange
Wall Street Journal, The | 11 hours 46 minutes ago
LONDON -- Lloyds Banking Group PLC said Monday it had raised the maximum £8.5 billion ($14.03 billion) of contingent core Tier 1 and core Tier 1 capital through its non-U.S. bond exchange offer, and said the U.S. exchange offer is already heavily over-subscribed.... (more)
Bank of China eyes more cash, may need $15 bln-sources
Reuters | 11 hours 49 minutes ago
HONG KONG, Nov 23 (Reuters) - Bank of China (601988.SS) (3988.HK) is in talks with investment banks to raise money to meet Beijing's new capital guidelines, sources familiar with the matter said on Monday, in what could be a roughly $15 billion fundraising effort.... (more)
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