Greek Prime Minister categorically says that the recapitalization has protected the Greek banks from a Cyprus like crash.
Legal & Regulatory
Clariant to purchase deep water assets of Ecolab
Clariant, in compliance with US regulators requirements, would be purchasing deep sea assets of the Gulf of Mexico owned by Ecolab.
Glencore to accede to concessions from China for Xstrata deal
Glencore to agree to concession requirements to achieve regulatory compliance for Xstrata merger. Glencore is now in the process of confirming concessions in order alleviate Chinese worries over its stranglehold on the existing copper supplies.
Malaysia Sees New Public Offers
Malaysia's vibrant bourse is now the home of SPAC's in Asia. Malaysia is seeing a new kind of IPO in their bull market, called special purpose acquisition company.
PWC to pay Lehman Brothers European creditors
Lehman bankruptcy administrators PWC announced payment of dividends to European creditors. US investment bank Lehman Brother's investors in its European unit would be repaid in full according to the firm's administrators.
Latest News
A report from the Financial Times said that the RBS lost its case against the hedge fund Highland. The Financial Times in London reported that the Royal Bank of Scotland Group Plc lost its high-profile legal dispute against the U.
Russia bans US officials and other Americans as a response to the ban made by US officials in related to the Magnitsky incident.
The world's richest man can now get a license to operate a pay for TV service. Carlos Slim, the Mexican billionaire, is now undertaking an aggressive incursion into the Mexican television market to take advantage of the benefits provided by new legislations passed on telecommunications.
The Head of the Statistics Department of the General Administration of Customs in Beijing admits providing incorrect and groundless data.
Luxembourg joins the many other members of the EU in allowing the relaxation of bank secrecy laws on deposits made in their country.
The U.S. Securities and Exchange Commission has adopted new rules that require stock brokerages, mutual funds and investment advisers to establish programs to help detect identity theft.
An activist shareholder has questioned Dell Inc.’s evaluation of a $24.4 billion leveraged buyout deal with buyout firm Silver Lake.
Canadian fertilizer company Agrium Inc defended the election of its entire slate of directors to the 12-man board as hedge fund Jana, Agrium’s biggest single shareholder, called for an investigation of the vote.
The Chinese government is now in a quandary as to the crackdown on corruption against the so-called princelings.
