The Trans Pacific Partnership Pact has invited Japan to join in the negotiations. Japan has been granted approval from participating countries to form part of the talks on the US initiated Asia Pacific Free Trade Agreement.
Finance/Venture
Ameriprise to Bid for Scottish Widows
Ameriprise is set to bid for Scottish Widows. American financial service provider Ameriprise Financial is preparing a GBP800 million or US$1. 22 billion bid for Scottish Widows, the asset management arm of Lloyd's Banking Group.
HSBC Reviewing Iraq Presence
HSBC is reviewing presence in Iraq and expanding in Egypt. HSBC Holdings is currently undertaking its strategic review of operations in Iraq. At the same time, it is continuing to expand its investments in Egypt despite the current situation in the country.
Boston's Toll Emotional and Economic
As one of the most productive cities in the world, the one week terror lockdown has both economic and emotional scars on the proud city.
Greece May Receive Rescue Aid to Pay Bills
Greece to receive aid for payment of its bills. According to reports of two Greek newspapers on Saturday, about Eur3. 2 billion was set aside to rescue Greece from its financial obligations, which came earlier than expected.
Latest News
IMF approves US$1.75 billion loan package to Tunisia. According to reports, the International Monetary Fund confirmed that it had agreed to a $1. 75 billion standby loan agreement with Tunisia.
Schauble gives his candid thoughts on investor participation, the Cyprus bailout and the European economy as a whole.
Fitch lowers UK rating to AA+ from AAA, following the S&P ratings change. In an expected announcement, Fitch Ratings has cut Britain's top credit grade ratings.
On paper, the loss of US$1.168 billion resulted from the share price decline of the blue chip stock IBM.
Dubai International Capital LLC has hired former executives from Deloitte and Touche LLP. Dubai International Capital LLC has hired five executives coming from Deloitte & Touche LLP with the aim to increase the value of its investments in companies such as Mauser AG and Doncasters Group Ltd.
Deutsche Bank loan creates REMIC to become a bond for market purposes. Deutsche Bank's loan facility to Five Ten Capital, an asset manager based in California, will be facilitating the creation of a REO-to-rental bond.
Lloyds Bank has engaged the services of Deutsche Bank to provide services for the possible sale of Scottish Widows.
The first IPO for a Shariah banking institution would be held by the second quarter of 2013. PT Bank Muamalat Indonesia Syariah, the Indonesian Shariah lending institution, is aiming to raise nearly US$300 million through an initial public offer.
KPMG purchases Makinson Cowell to assist in determining shareholder opinion on company management. KPMG is in the process of acquiring Makinson Cowell, the London-based corporate advisory firm.
