Industry

UK Asset Resolution sells Northern Rock loan portfolio for $615 million

UK Asset Resolution, dubbed as Britain's "bad bank" has agreed to sell the Northern Rock loan portfolio for US$615 million.


TRIG raises GBP300 million in IPO

The Renewables Infrastructure Group Ltd. raised US$460million or GBP300 million in concluded IPO. The Renewables Infrastructure Group Ltd. (TRIG), announced that they were able to raise GBP300 million or US$460million.

ADNOC's US$40 billion investment plan underway

ADNOC announced that they are halfway through their US$40 billion investment plan. Abu Dhabi National Oil Co. (ADNOC) said that they are halfway through plans for the company's US$40 billion investment plan.

European stocks on the rebound

European stocks rebounded with Volvo and EasyJet as top gainers. European stocks have rebounded, with Volvo and EasyJet leading the top gainers. The world's largest truckmaker, Volvo, posted a gain of 3.


Latest News

Companies such as Apple and Google work around out of date tax rules to gain access to less painful taxes.
Apple reported an increase in sales after analysts predicted a decline today. Despite a general negative outlook on Apple's future performance, Apple Inc.
Indian government calls out to millions of non-residents for revival of rupee. India is planning on reviving the rupee by reaching out to millions of its non-resident citizens to assist in reversing the currency decline.
According to analysts, the election results in Japan might be the catalyst it needs to gain economic momentum.
In a statement said by Prime Minister Shinzo Abe, he vowed to bring back Japan's economic status.
The currency of Israel depreciated by almost US$0.6 last week. Despite rampant divestments and impending economic boycotts adding to the problems of the conflicted Israel, the currency stayed strong.
Despite an Israeli minister's denial of an economic boycott, an Israeli newspaper said that "an economic tsunami" is heading to the country.
BAIC Group stated that it is planning to buy assets from Fisker Automotive Inc. to enhance its own electric vehicle development.
The show the Big Bang Theory broke out all the stops, having Stephen Hawking introduce the show as it held a Q&A in this year's Comic Con.
US federal prosecutors revive a 30 year old law to prosecute Wall Street banks that sold toxic loans in 2008.