Australia's systemically important "Big Four" banks will be required to set aside an extra 1 percent of equity capital to protect against the kind of turmoil seen during the global financial crisis under new regulations announced on Monday.
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Property lender Aareal Bank to takeover German rival Corealcredit Bank for €342M
Property lender Aareal Bank this weekend announced that it would takeover German rival Corealcredit Bank for €342 million. Corealcredit will be bought from American private equity firm Lone Star Funds.
Oracle to acquire enterprise software firm Responsys for $1.5B
Oracle has agreed to purchase Responsys for $1.5 billion but not including debt or a 38% premium on the the company's closing price on Thursday, December 20, The New York Times The Dealbook reported.
Nine West, Anne Klein and Easy Spirit owner Jones Group have accepted the buyout offer from private equity company Sycamore Partners
Nine West, Anne Klein and Easy Spirit owner Jones Group have accepted the buyout offer from private equity company Sycamore Partners, The Dealbook reported.
Hedge funds lose out to equities, again
For hedge funds that made money this year there was only one strategy that really mattered - latching onto the stockmarket rally.
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The following are mergers under review by the European Commission and a brief guide to the EU merger process.
Investors have received billions of euros from European companies so cautious about the economic outlook they could find nothing better to do with spare cash, but many now want boards to snap up rivals instead - and are rewarding them when they do.
Every day, through eyes clouded by glaucoma, Peter witnesses the spending power generated by Singapore's economic success, knowing he can only afford to look.
Two foreign investments in Chinese financial institutions this month suggest China will not turn away cash from countries it has taken diplomatic or trade measures against after blaming them for interference in its domestic affairs.
International hedge funds are increasingly targetting troubled firms in Australia, from cotton or macadamia farms to cattle stations and vineyards, expecting a nascent distressed debt market to generate double-digit returns.
Banco de Sabadell on Friday announced that it has sold its 15.8% stake in Dominican Republic's Centro Financiero BHD for $156 million. Sabadell also recently exited its holdings in Grupo BHD, Centro Partner Group, Twins Investment Partners and Grupo Financiero Leon.
Nuclear consortium Fennovoima on Saturday agreed to build a 1,200-megawatt nuclear facility with Russia's state owned corporation Rosatom. Rosatom will take a 34% stake in the group to fill a funding hole left by Germany's E.ON.
Claude Resources has agreed to sell its Madsen Gold Project to Laurentian Goldfields for about C$9 million in cash. Claude will also receive shares representing 19.9% shares outstanding in Laurentian as part of the deal.
Tiger Asia Management, which has admitted guilt of insider trading, was ordered by a Hong Kong court on Friday to pay $5.8 million to some 1,800 local and overseas investors. No charges have been filed against the US-based hedge fund in Hong Kong.
