MTS had entered into a compromise regarding ownership of Bitel. (Photo : Reuters)The image is the facade of a shop of one of the bidders for Tele2, MTS.
Legal & Regulatory
UK Mutuals in Jeopardy due to New Rules Imposed
According to an IFR report, UK mutuals may not be able to survive the tough new regulations imposed by UK authorities.
HSBC and Citigroup obtain mutual fund distribution licenses
The Chinese securities regulator grants mutual fund licenses to HSBC and Citigroup. (Photo : REUTERS)Banking group HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians.
More complicated anti trust issues arise if Liberty Global wins bid for Kabel
According to the German antitrust regulatory authority, the ownership of other service providers would delay and hamper Liberty Global's purchase of Kabel Deutschland.
Ex-director of Bumi Returns Assets
Former director of Bumi Rosan Roeslani will be paying the company $201 million. (Photo : Reuters)The image is a Indonesian money held by a woman. Bumi Plc.
Latest News
Samsung and Apple continue their battle for dominance with mobile patents which may possibly result to a $17.3 billion fine for Samsung.
The Intercontinental Exchange (ICE) was given unconditional approval to acquire NYSE Euronext for US$8.2 billion.
According to sources, Google voluntarily complied with the initial inquiry of the Federal Trade Commission on its Waze acquisition earlier this month although it has not yet reached a level of investigation
Spain's Repsol will look into a non-cash offer over the expropriation of its majority stake in energy firm YPF, a source said.
Flagstar Bancorp Inc had agreed to pay $105 million to Assured Guaranty Ltd as settlement to a lawsuit against the bank for misrepresenting loan quality contained in $900 million of mortgage-backed securities.
Kuwaiti Sheik Meshal Jarah al-Sabah sued UBS AG in a Dubai court valuing the case at US$21.4 million.
Billionaire Kumar Mangalam Birla's daughter Ananyashree Birla offered credit to women in villages in Maharashtra state.
Lloyds Banking Group asked for a two year extension from the European Commission for the sale of its 631 branches.
Barclays is under investigation by German tax authorities for possible tax evasion according to German newspaper.
