The interest rates of US are expected to increase within 14 months that should have the world brace for prolonged dollar surge.
Sectors
ProSiebenSat.1 owners preparing for exit
ProSiebenSat.1 owners, namely KKR and Permira, are seeking to either sell off shares or sell the whole firm to another media outfit.
Temasek Holdings Denies Bid for UK's Lloyd Banking Group Stake
Temasek Holdings denies approaching the UK government for its Lloyd Banking Group shareholdings. Temasek, the Singaporean sovereign wealth fund manager, has confirmed it had not approached the UK government as to the purchase of a part of state's shareholdings in Lloyds Banking Group.
Siemens and Stadler Planning Joint Venture
According to a report by German magazine Wirtschaftswoche, Siemens and Stadler are planning to form a joint venture.
Mervyn Davies Drafting Plan to Purchase Part of UK Shareholdings in Lloyds
Mervyn Davies is planning to purchase part of the shareholdings of the UK government in Lloyds Bank.
Latest News
The decrease in demands for China was accounted for its slowing economic growth as Asian's coffee premiums remain at multi-month highs.
China's Sunergy reported higher first-quarter shipments and earned about US$61.7 million. Sunergy Co Ltd, China's solar panel maker, reported it gained higher first-quarter deliveries.
Standard Chartered organized this year's annual conference held in India by bringing African chairmen.
Former Provident executives were sentenced to jail after pleading guilty for investment fraud. According to United States attorney John M. Bales' statement today, four executives from Provident Royalties, Inc.
A. Schulman Inc dropped its bid for Ferro worth US$563 million after being ignored for months. A. Schulman Inc, a chemical producer, announced that it withdrew its bid for Ferro Corp.
The FCC approved Sprint's acquisition of Clearwire and SoftBank's investment on Sprint. After a unanimous vote, the Federal Communications Commission announced that it approved the transactions between SoftBank Corp, Sprint Nextel Corp.
In a meeting between British investors and state officials, opportunities for investments in Andhra Pradesh were discussed.
The benchmark Japanese government bond prices climbed which resulted to a proposed auction of a 30-year debt.
Minister of Food and Agriculture of Ghana Clement Humaldo urged investors to help cut down the losses from harvesting.
