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.
Investors
Deutsche Bank Faces Suit by Sebastian Holdings
Deutsche Bank faces one of the many trading day cases in court. Back in October 2008, Alexander Vik went to the London office of Deutsche Bank AG to meet with account managers regarding his Sebastian Holdings Inc investment fund.
Fagor Reels from Boston Bombings
Fagor was identified as the pressure cooker that was used in housing the Boston Marathon bombs. Another effect of the Boston Bombing episode is not just the death of three people and over 170 injured was felt halfway around the world.
Nigerian Regulators Issue New Rules
NCC issues new rules for mobile phone users in Nigeria. Under new regulations for mobile phone users in Nigeria, indivdual customers can change their service providers and retain their numbers.
Time Warner and CBS Ripe to Merge
Time Warner and CBS's complementary strengths would make a merger most viable. Time Warner Inc and CBS Corp have flirted about a merger for many years and now may be a good time for it to happen.
Latest News
The beleaguered OGX Petroleo is seeking stake sales of oil interests with Petronas and Lukoil. The flagship corporation of Brazilian mogul Eike Bautista, OGX Petroleo e Gas SA, is in negotations to sell off its 40% shareholdings to Russia's Lukoil.
Nikkei reports Mitsui and Kawasaki are in merger discussions. Mitsui Engineering and Shipbuilding Co and Kawasaki Heavy Industries Ltd are to begin merger discussions.
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.
In polls conducted by two newspapers, Austrians do not mind relaxation of bank secrecy laws for foreign accounts in their banking system.
Russia extends help but conditions that help on "taking their interests into consideration."
EADS shareholders to expect higher dividends because of new policies according to corporate CFO. In a report from Reuters, the European Aeronautic Defence and Space Company N.
The iconic British car Aston Martin is growing in the car markets of China. The CEO of the iconic British sports car Aston Martin has announced a ten percent increase in global sales for 2012.
Nestle, L'Oreal and the Bettencourts chequered history in business. The present situation of L'Oreal and Nestle relationship "isn't on the agenda for the time being," commented Jean-Paul Agon, CEO of L'Oreal in an interview with Investir, a French weekly magazine, which was published today.
The Canadian Competition Bureau and the Department of Canadian Heritage have approved the merger of Random House and the Penguin Group.
