IVG Immobilien sought protection from its creditors in court in Bonn after failing to reach an agreement to refinance its debt.
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Chinese coal firm plans on USD 160 million bid for Inova Resources Ltd
A Chinese coal firm offered USD 160 million for Turquoise Hill's Inova Resources Ltd. Shanxi Donghui Coal Cooking & Chemicals Group said it would be offering USD 160 million for Inova Resources Ltd.
Chinese banks reduce loans to development projects in smaller cities: economist
A state think-tank said Chinese banks have reduced loans on property developments in smaller cities because of the glut in unsold homes there.
Facebook unveils new project
Facebook Inc unveiled new project, Internet.org to provide online access to more people around the world.
Eastman Kodak emerges from bankruptcy and starts afresh
Eastman Kodak was cleared by bankruptcy court to begin the company's restructuring. Eastman Kodak Co. emerged from bankruptcy court Tuesday after a judge cleared the company to begin a new chapter.
Latest News
BHP Billiton slow to build into expanded operations in the potash industry through delaying production at the giant deposit until at least 2020.
NYSE tapped JPMorgan & Chase Co. and Societe Generale for the IPO launch of Euronext. NYSE Euronext is the bourse operator to be acquired by Intercontinental Exchange Group Inc.
Prudential Financial Inc. hired Frank Garcia, a former property investments manager at Deutsche Bank AG.
CommonFloor to use luxury vehicles for taxi services. Real estate company, CommonFloor, had announced that it will hire air-conditioned vehicles for their wealthy costumers who are looking into buying at least one of their five million properties.
According to the Royal Bank of Scotland, approximately USD50 billion collateralized loan obligations could be refinanced in the next two years.
W&G Investments PLC planned to offer Royal Bank of Scotland GBP1.5 billion for more than three hundred of its branches.
Cairn Energy Plc to start drilling campaign on September. Cairn Energy Plc (CNE) targeted a drilling campaign in Morocco, Senegal and Ireland on September.
Socialspiel received EUR200K new funds from angel fund FLOOR13 and ex-Rockstar Games veterans, Clemens Beer and Mike Borras.
UK regulator warns Cineworld might have to let go of three complexes. Cineworld might just have to let go of their recently acquired complexes at Aberdeen, Bury St Edmunds and Cambridge as the Competition Commission released their provisional findings last Tuesday.
