Nokia's Standard & Poor's rating plummeted further in the junk territory. (Photo : reuters. com)Nokia, Finnish Telecom company SGV claims that Nokia is in no position to buy Siemens shares.
Legal & Regulatory
ICI Reported Rise In Money Market Mutual Funds
ICI reported to the Federal Reserve a rise in total money market mutual funds The Investment Company Institute (ICI) issued a report for money market mutual funds assets: "Total money market mutual fund assets increased by $12.
NY DFS to Foreign Reinsurers: Are You Linked to Iran?
NY DFS sent a letter to foreign reinsurers asking if they were linked with Iran. The New York's Department of Financial Services sent a letter, dated June 25, to 20 non-US reinsurers of any business transactions they had with entities linked to Iran.
China: Credit Cut off to Rebalance Economy
Friday last, China announced that it would cut off credit to force consolidation in industries. Last Friday, China announced that it would cut off credit to force consolidation in industries.
CFTC Meets for Discussion of New Rule on Swaps
The CFTC would be conducting a formal meeting to discuss its new rule on swaps. The US Commodity Futures Trading Commission (CFTC) announced for a formal meeting on July 12 to discuss how new rules apply abroad.
Latest News
A group of wheat growing states joined the US Justice Department antitrust division in investigating a proposed joint venture by ConAgra Foods Inc and Horizon Milling.
The European Union and China hope to defuse conflicts by negotiating about a solar panel deal. On Friday, the European Union and China were finally moving in the direction of a new contract.
Credit Suisse estimated that they will receive US$94 Million hits from UK tax deal Credit Suisse forecasted that they are expecting a loss of CHF90 million or something in the area of US$94.
China probes Tetra Pak for possible market dominance China probes Tetra Pak, the world renowned Switzerland-based food-packaging company for any possible abuse when it comes to market dominance.
Because of the strong commitments to European Central Bank and Bank of England's easy money policies, Japan's Nikkei share average soared to a five-week high.
To deter future thieves in the industry, a judge sentenced an accused investment broker for 12 years in prison.
Manila Water Company's (MWC) stock prices plummeted after a week since it was reported that the water regulator was letting its consumers pay for its taxes.
Lanco Infratech Ltd. (LANCI), an Indian power conglomerate still remains optimistic about its Australian mining business, despite being caught up with liquidation proceedings for tax problems.
Five directors of Trio Capital Limited accepted enforceable undertakings from APRA. (Photo : Reuters)This is the corporate logo of Trio Capital. In an announcement made by the Australian Prudential Regulation Authority or APRA today, five Trio Capital Limited directors have been relieved of their positions due to their admission of failure.
