The Federal Government of Nigeria lost USD 40 billion in downstream infrastructure investments for 76 non-producing oil leases.
Legal & Regulatory
Countdown starts for U.S. airline merger trial in November
A US judge had granted the request of American Airlines and US Airways for an earlier trial against the US Justice Department that intends to block the two companies' planned USD11 billion deal.
Hedge funds uneasy on Summers's possible Fed Reserve nomination
According to a Bloomberg report, the potential nomination of a Federal Reserve outsider made investors scramble for advice on whether the news would have an effect in financial markets and monetary policy.
Government stock regulator fines Everbright USD85.5 million on trading charges
Securities brokerage firm Everbright would be facing a bleak future as China Securities Regulatory Commission (CSRC) handed down a CNY523 million (USD85.5 million) fine and corporate suspensions for insider trading.
Federal judge wants American Airlines/US Airways trial expedited
US District Judge Colleen Kollar-Kotelly said she wanted the trial against American Airlines and US Airways to be held before the US Justice Department's proposed March 3 date.
Latest News
Finland rolled out a EUR 9 billion plan enough to pay for welfare expenses of its aging population. The government of Finland agreed on a plan to ensure that it would have money to pay welfare costs for its fast-growing elderly population.
The new agreement between US and Swiss governments would allow payment of fines or deferment of prosecution from tax evasion committed by US clients.
TH Lee Partners LP is discharged as a defendant in the case of an 'overarching' conspiracy regarding buyouts and the collusion between private equity firms.
JP Morgan had conducted an internal probe on approximately 200 employees in Asia regarding the possibility of illegal nepotism.
A source told Reuters that the European Union Commission will approve Swedish oil refiner Nynas and Royal Dutch Shell's deal despite antitrust concerns.
A Philippine regulator said that the bidding for the LRT Line 1 Cavite extension project had failed.
RHJ International had said that Germany's banking regulator would probably give its decision on its planned acquisition of BHF-Bank by September's end.
Although Javier Martin-Artajo had bought himself time by getting arrested in Madrid, lawyers involved in getting the JP Morgan ex-employee back believed that his extradition, though delayed, was inevitable.
Blackrock Inc victorious in court battle as U.S. district judge dismisses compensation lawsuit. A U. S. judge dismissed a lawsuit filed against BlackRock claiming it looted securities-lending revenues from iShares exchange-traded funds investors.
