Standard & Poor downgraded SoftBank because of the financial risks it took in buying Sprint. Standard & Poor cut SoftBank Corp's debt rating to two levels to "junk" status.
Legal & Regulatory
Cukurova wins against Alfa over Turkcell dispute
Cukurova Holding AS has won its legal battle against Alfa. Cukurova Holding AS won its legal battle against Russian Alfa Group over Turkcell Iletisim Hizmetleri AS, Turkey's biggest mobile-phone operator.
Greece Gets Release of Eur3 billion worth Aid, Remains Lashed to Tightness
European governments agreed to release aid for Greece worth Eur3 billion as they continued to seek for enough financial calm.
Cyprus announces new investor incentives
The President of Cyprus announced several new rules giving investors new incentives. In a statement released today, the President of the Republic of Cyprus announced that more incentives will be given to investors who wish to take a chance on the Cypriot market.
Mylan’s US$1.6 Billion Deal Put On Hold
Mylan’s acquisition of a unit at Strides Arcolab Ltd announced July 8 was deferred by Indian regulators.
Latest News
The Philippines NEDA Director said that the administration will be easing its restrictions on foreign investments.
Synagro Technologies and its main stockholders agreed to sell the company to EQT Infrastructure II through a plan of reorganization.
Greece was expected to receive Eur8.1 billion from Euro-area finance ministers. Euro-area finance ministers were expected to approve Greece's newest disbursement of bailout assistance.
The European Union and the United States begun their talks about world's largest trade and investment relationship.
The central bank of India announced its concern following the fast growing currency derivatives trading in the last three years.
Audi sees trade talks as chance to cut back on rules set by U.S. regulators Manufacturer of advanced lighting systems, Audi AG, sought the approval of futuristic headlights which will automatically dim for oncoming vehicles, which are set to be sold in the US.
The U.S. Treasury is being sued by Perry Capital LLC over its handling of Fannie Mae and Freddie Mac.
According to a person familiar with the matter, Steven Cohen would remain under investigation even after prosecutors missed a late July deadline for charges labeled as the largest insider trading in history.
Wal-Mart’s expansion to India was stalled after stating that the company needs around 12 to 18 months before it can open its first retail outlet in the country.
