Asian stock markets were seen higher as the U.S. continues to report boost in economy. Stock markets in Asia were mostly higher as yet another record high on Wall Street brought momentum in the region.
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Russia Won't Help Cyprus Depositors
First Deputy Prime Minister Shuvalov said that the government will not provide assistance to Cyprus depositors who lost money, except in certain circumstances.
Dell Would Walk Away if other Deals Accepted
Dell would walk away if he is not retained as CEO. Michael Dell, in a statement, would only consider a buyout plan with Blackstone Group if the private equity guarantees that he remains as its CEO.
Argentina Places Alternative Plan in U.S. to Settle Credit Litigation
Argentina is making an alternative payment plan to a U.S. appeals court in the U.S. for the settlement of a litigation with creditors that hold defaulted bonds and are demanding payment of $1.33 billion.
Major Depositors in Bank of Cyprus Confirmed with Huge Losses
Largest depositors in Cypriot lender Bank of Cyprus are expected to receive bank shares worth just 37.5% of their deposits over 100,000 euros.
Latest News
Eaton Vance Management has filed with the U.S. Securities and Exchange Commission to offer exchange traded managed futures (ETMF) in a bid to prevent front-running from making exploitation of the strategies.
Redknee has closed its deal to purchase the Business Support Systems business unit of Nokia Siemens Network.
Areva chief executive officer Luc Oursel told French newspaper Le Figaro that they have interest in acquiring nuclear fuel producer Urenco.
Sources say that KKR has been making a deal to buy a majority stake in French fashion brands Claudie Pierlot, Maje and Sandro
A Chinese businessman, along with his wife, has agreed to settle charges of insider trading into the Cnooc's buyout of Nexen of Canada.
Names such as the Carlyle Group, KKR and the Moulin family are bidding for the controlling stake in Maje, Sancro and Claudi Pierlot.
The Appellate Court of New York heard the arguments on the proposal of Argentina to provide a mixture of cash and bonds to pay off bondholders.
In a harsh condition, nearly 60% of the value of deposits above Eur100,000 would be lost in the bailout package.
Michael Steinberg is the highest ranking SAC executive to be arrested for insider trading. Michael Steinberg, portfolio manager at SAC was charged with insider trading by US prosecutors.
