Legal & Regulatory

Modern Land offer attractive to investment hungry China

The term sheet indicated a USD150 million note with a maturity of five years for Modern Land offered to the bond market.


Deutsche Bank China receives new license

Deutsche Bank China was granted an interbank bond settlement license. An interbank bond settlement agent license was obtained by Deutsche Bank China from the People's Bank of China.

Microsoft asks EU approval to take over Nokia's phone business

Microsoft sought an approval from the European Commission to take over Nokia's phone business in USD7.49 billion deal.

BaFin announces top to bottom review of RHJI acquisition of Deutsche Bank's BHF Bank.

BaFin had said they would review the whole transaction of RHJI purchase of BHF Bank. BaFin, the German financial watchdog, had announced last Wednesday it would be needing to start from scratch in the review of the sale of Deutsche Bank AG's unit BHF Bank after BlackRock had exited from the auction.


Latest News

Paracetamol is an active ingredient in many drug formulations which now is subject to a USD787 per tonne anti-dumping duty.
Leighton Holdings got sued by own shareholders after the latter claimed they were misled with financial projections.
Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings is preparing to purchase more shares in Twitter when its IPO comes around.
Sources told Bloomberg that hedge funds were asking the consumer bureau to investigate World Acceptance Corp.
Ally Financial wrote down a USD170 million charge for its third quarter earnings after reaching a settlement with two US housing regulators.
Former Co-operative Group chief executive Barry Tootell said he and other company executives had doubts over the capability of the mutual fund to acquire 632 Lloyds Banking Group branches for USD750 million.
Intellectual Ventures (IV) wanted to collect a combined USD310 million in patent licensing fees from security firms Symantec and Trend Micro.
An anonymous People's Bank of China (PBOC) official had met with local money dealers in the bank's efforts to stave off investor worry about rising short-term rates.
Judge Mariana Pfaelzer of the US District Court of Los Angeles temporarily approves Countrywide settlement for devalued residential mortgage backed securities.
A Wall Street Journal report cited sources who said Morgan Stanley plans to seek approval from the US Federal Reserve regarding its plans to widen its share repurchase program.
Real Time Analytics