Asian nations issue statement to avoid mistakes that lead to 1997 currency crisis. Major regional economies in Asia need to be on guard against execssive risks and asset bubbles boosted by efforts of central banks efforts to build economic growth.
Legal & Regulatory
Bill for Venture Capital Money Passed
Wisconsin bill for state backed venture capital fund proposed. A bill whose main provision would place US$25 million in state money to fund start up companies in Wisconsin has passed the first reading in its state legislature.
JAB files for regulatory approval
JAB files for regulatory approval of the offer sheet for DE Master Blenders. Joh A Benckiser, the German food conglomerate, together with other co-investors are preparing to apply for regulatory approval of their offer sheet to purchase Douwe Egberts Coffee.
Rinehart Fortune Comes to a Head
John Hancock and sister Bianca Rinehart sues to remove their mother as trustee of the Hope Margaret Hancock Trust.
Skilling's Sentence Lowered
Former Enron CEO Jeff Skilling is set to be released from prison by 2018 because of an agreement with federal prosecutors.
Latest News
Credit Suisse files suit against former employee that jumped ship to rival Goldman Sachs. Credit Suisse Group AG has filed suit against its former vice president for emerging markets group on the grounds she stole confidential documents and trade secrets prior to her transfer to Goldman Sachs.
GE obtains approval from the Federal Trade Commission for its purchase of Lufkin pumps. General Electric Co obtained antitrust approval to purchase oilfield pump manufacturer Lufkin Industries Inc.
OfficeMax faces suit from investor for breach of fiduciary duties. An OfficeMax Inc shareholder has filed suit against the directors of the company as it seeks to stop the takeover by Office Depot Inc.
BlackRock, the top money manager of the world, to hire 300 lawyers to monitor financial regulation all over the world.
Brown Vitter seeks to remove the issues created in the banking world that Dodd Frank started. How the tides have turned. A year ago, the big US banks lobby was focused on the amendment and/or total repeal of the Dodd-Frank financial reform law.
Bafin, the German financial markets watchdog, clears German Bank directors of any wrongdoing. Bafin, the German financial market regulator, have not come up with any proof that the directors of the German Bank are behind the manipulation of the standard interest rates, according to a top official of Bafin that the Wall Street Journal Deutschland had spoken with over the weekend.
According to an anonymous source relayed to an Italian newspaper reported by Reuters, Telecom Italia would retain its stock on the fixed line network to prevent any takeover by Hutchison Whampoa.
Judge Ugo Bellini finds no evidence of fraud nor urgency to deem the issuance of a seizure order. An Italian magistrate has thrown out a request to issue an order to seize nearly Eur1.
The European Commission receives subsidy complaint against China for illegal subsidies on solar glass sold in the EU market.
