Reich & Tang is utilizing the benefits of floating rate instruments as it takes it stance on improvement investment strategy.
Europe
Hapag-Lloyd Stops Merger with Hamburg-Sued
As merger talks stall, Hapag-Lloyd announces termination of merger plans with its rival Hamburg-Sued.
Cyprus Deal Closes Bank and Force Losses
The Popular Bank of Cyprus would be shut down and funds be put into rehabilitation of Bank of Cyprus according to last ditch bailout plan agreed upon by the government and lending institutions.
Reuters Finds Signs Cyprus Meltdown Could Have Been Averted
Reuters, in its investigation, found existing measures by the EU that could have avoided the Cypriot banking system collapse.
Cinven Raises Funds for European Acquisitions
Cinven has raised Eur5 billion for at most four acquisitions in Europe this year. Cinven, the renowned private equity firm, has projected that it would make at most four acquisitions in Europe.
Latest News
Investors in Spain have been focusing on bond sale, saying that they are not worried over the turmoil in Cyprus.
The current lack of a majority in the Italian government is seen as a precursor to further economic issues in the long run.
Cyprus is working round the clock in drafting and discussing an amenable financial plan to avert bankruptcy.
Despite offer for sale, Barclay's shares in Ziggo too expensive. Barclays was constrained to report its 14. 2% share in Zigoo, the Dutch cable company after the bank was unable to sell its shares during the stock sale it had conducted this week.
Esure and Greencoat performance in London bourse is portent of things to come for the market. Two companies provide the barometer for new stock offerings last Friday, as they attracted strong demand at the time when there is a clear improvement in investor confidence.
Piraeus bested rival Alpha Bank to become the manager of Cypriot lenders Bank of Cyprus and Cyprus Popular Bank.
The US, with its latest megadeals, lead the volume in mergers and acquisitions, overshadowing the bleak future of Europe and Asia.
Despite the clamor for more executive payroll controls, Credit Suisse decides to increase the pay of its CEO in 2012.
AXA stands to earn from purchase of its private equity subsidiary. In a statement, AXA is expecting to receive Eur 200 million or US$259. 94 million gain from the buyout of its private equity unit.
