Barclays banks on issuing contingent convertible bonds (CoCos) to meet its obligations. Barclays Plc is looking to issue contingent convertible bonds (CoCos) in order to save money and still meet the three percent leverage ratio imposed by Prudential Regulations Authority, owned by the Bank of England.
Sectors
JPMorgan, to sell physical trading acquisitions Bear Stearns, RBS Sempra
Holding company JPMorgan Chase & Co. plans to quit the physical commodity business by selling physical trading assets Bear Stearns and RBS Sempra.
Samsung, still the top choice in Chinese smartphone market
American smartphone maker Apple Inc fails to beat South Korean giant Samsung in the Chinese market. Tim Cook, Apple Inc's Chief Executive Officer, believes that the leading smartphone maker can crack into and dominate the Chinese mobile market.
Merger of media moguls seen to be game-changer
The possible merger of French company Publicis with Omnicom is expected to topple competitor WPP from the top spot.
Qianhai winning bidder poised to become biggest investor in Shenzhen
China-based developer is set to spend CNY 12 billion for a development in Qianhai thus becoming Shenzhen's biggest investor.
Latest News
The Mahindra Lifespace Developers sealed a joint venture agreement with SCM Real Estate (Singapore) Pvt Ltd, Standard Chartered Bank’s investment unit, to develop residential projects in India.
The GlaxoSmithKline controversy opened the doors of investigation about the misconduct happening in the pharmaceutical industry.
The U.S. government cracks into the insider trading world by weeding out suspects one by one but is it enough?
Private equity firm Silver Lake Management is maintaining its offer of US $13.75 per share for Dell Inc.'s buyout.
President Barack Obama remains undecided on Federal Reserve chairman pick and will most likely extend consideration of the matter until the fall.
Conviviality Retail seeks to secure GBP 64 million funding through the Alternative Investment Market.
Following its acquisition of GBP 2 million funding in a round led by Octopus investments, Affectv starts the work to meet its goals.
Lanco initiates the process to restructure its debt amounting to INR 75 billion (USD 1.3 billion). Engineering procurement and construction company Lanco Infratech Ltd.
The Formula One Group and the FIA signed the framework for the 2013 Concorde Agreement. The Formula One Group and its governing body, the FIA, signed the new framework for the 2013 Concorde Agreement.
