Industry
Fitch Lowers UK Rating
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.
AIG vs. Bank of America Case for State Court
According to the federal court, the case between AIG and Bank of America should be heard in state court.
Paulson & Co have declining gold stock portfolio
Paulson's Advantage Fund has declined gold shareholdings because of the decline in gold trading worldwide.
Surabaya Agung's Share Trading Suspended in Indonesia Bourse
Because of a claim from a Singaporean creditor, share trading of Surabaya Agung was suspended in the Indonesian bourse.
Latest News
ABVCAP is discussing with government regulators on means to expand investment means for venture capital and private equities.
In a surprise move, Dish Network offers US$2.5 billion for a merger with Sprint-Nextel. Dish Network offers US$25. 5 billion to merge with Sprint Nextel.
Private equity firms selling off securities despite government infusion efforts. Many private equity firms have been purchasing government securities that are protected against inflation because of the Federal Reserve's efforts to expand money supply.
Private equity CVC Capital Partners, which owns Formula One, is reportedly eyeing online gambling group Betfair, according to reports.
Creditors of the European arm of Lehman Brothers, which collapsed in 2009, may be repaid in full.
With restrictions on shelved produce, days of operation and zoning regulations, many big box retailers such as Tesco are being squeezed in the South Korean market.
The following bids, mergers, acquisitions and disposals were reported by Sunday The following bids, mergers, acquisitions and disposals were reported by Sunday: - German investor Joh A Benckiser (JAB) is to buy the owner of Douwe Egberts coffee in a 7.
Google Inc. has reportedly offered a final package of commitments that include some changes in its operations in a bid to settle a European Union antitrust investigation on alleged discrimination against its competitors, according to a source.
Aiming to build a coffee conglomerate, Joh A. Benckiser, the investment arm of billionaire Reiman family, is set to acquire D.E. Master Blenders 1753 NV for about 7.5 billion euros ($9.8 billion).
Italian mobile phone operator Wind is set to step up its technology with a $1.3 billion investment on building a fourth generation (4G) mobile broadband network.