SABIC makes job cuts and closes plants in Europe. Saudi Basic Industries Corp, currently the world's largest petrochemicals group is now reviewing its global expansion outlook.
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IMF - Tunisia Loan Deal Amounts to $1.75 Billion
IMF approves US$1.75 billion loan package to Tunisia. According to reports, the International Monetary Fund confirmed that it had agreed to a $1. 75 billion standby loan agreement with Tunisia.
Schauble Urges Investors to be More Involved
Schauble gives his candid thoughts on investor participation, the Cyprus bailout and the European economy as a whole.
GM Expands Production in China
GM and its partners would be building new plants and increase production to five million cars a year.
Fitch Lowers UK Rating
Fitch lowers UK rating to AA+ from AAA, following the S&P ratings change. In an expected announcement, Fitch Ratings has cut Britain's top credit grade ratings.
Latest News
BP is now undertaking a specific review of Mad Dog 2 as to the economies of scale and profits. British Petroleum is currently taking a new look at its oil project in the Gulf of Mexico.
On paper, the loss of US$1.168 billion resulted from the share price decline of the blue chip stock IBM.
Charter Communications had offered bonds to pay for buyback and redemption activities of the firm. In an announcement last Friday, Charter Communications Inc had priced its shares for a planned initial public offering of notes that fall due on 2024.
Dubai International Capital LLC has hired former executives from Deloitte and Touche LLP. Dubai International Capital LLC has hired five executives coming from Deloitte & Touche LLP with the aim to increase the value of its investments in companies such as Mauser AG and Doncasters Group Ltd.
Reliance Communications' discussions with Batelco has broken down. India's third largest cellular carrier in terms of customer base, Reliance Communications Ltd had announced that it has withdrawn from discussions with Bahrain Telecommunications for the sale of a stake in its enterprise subsidiary.
Microchip maker Intel acquires API developer Mashery. Intel Corp, the world's largest manufacturer of semiconductor products has announced the acquisition of Mashery Inc, the start up based out of Francisco.
Homex bonds and share values jumped to record levels as it sold off two assets to Carlos Slim controlled corporations.
Alexander Machkevitch and other ENRC co-founders to partner with Kazakh government to make a bid for ENRC.
Deutsche Bank loan creates REMIC to become a bond for market purposes. Deutsche Bank's loan facility to Five Ten Capital, an asset manager based in California, will be facilitating the creation of a REO-to-rental bond.
