Industry
Redknee Completes Buyout of Nokia Siemens Networks' BSS Unit
Redknee has closed its deal to purchase the Business Support Systems business unit of Nokia Siemens Network.
Depositors to Lose 60% of Value in Cyprus
In a harsh condition, nearly 60% of the value of deposits above Eur100,000 would be lost in the bailout package.
BlackRock Manager Provides Forecasts
Fund manager of BlackRock China forecasts futures for investors. According to a fund manager at BlackRock, China's industrial stocks provide good investment opportunities on select markets, such as steel mills to cement producers.
Japan Based Managers Increase Allocations
A poll of Japan based managers indicated that allocations have increased in both shares and bonds but decreased in cash.
Latest News
Glass Lewis follows ISS recommendation that MetroPCS Shareholders should vote against merger with Deutche Telekom AG's U.S. business unit T-Mobile USA.
Despite the criticisms, the Hong Kong government is now making company director information private.
The IPO market is growing again in North America and Europe. Globally, initial public offerings raised US$20 billion in the first quarter of 2013. The growth of this financial area was buoyed by rallies in different stock markets to sell businesses.
Banker VTB has successfully acquired the Russian operations of Swedish telecoms operator Tele2 as it hopes for potential investors.
Transportation equipment firm Toyota Industries Corp. made completion of its tender offer for shares in Cascade Corp.
EADS plans to prevent the planned buyback that is hampering its future growth and capital spending. European aerospace group EADS has made a pledge that it will prevent a supposed share buyback hurting capital spending, dividends and future growth as its shareholders planned to make a vote on proposals to purchase again up to 15% of the company stock.
The China Banking Regulatory Commission issued guidelines on the proper handling of wealth management instruments.
Canadian Industry Minister calls out foreign capitalists to invest in the country's wireless industry.
Petrobras is now setting up its plan for the auction of its shares in Nigerian oil fields Brazilian oil firm Petrobras has auctioned its interest in the oil fields in Nigeria that would draw up to $5 billion as the company aims to get cash and embarks on a capital spending plan, sources familiar with the matter told Reuters.
SBM Offshore, along with its partners, has signed a $3.5 billion contract from Brazilian oil firm Petrobras to construct two oil platforms.