A loan with lower interest rate is what Abu Dhabi's Tourism Development and Investment Co is seeking for the completion of its project in the United Arab Emirates.
Deals
Royal Mail share values jump 40% since IPO
Royal Mail shares, criticized to be valued too low, had netted hefty profits for its investors. The Abu Dhabi and Kuwaiti sovereign wealth funds have respectively reported a profit of USD30 million each from their investments made in the recently sold UK Royal Mail.
Air France-KLM position for Alitalia capital increase remain unclear
Air France-KLM, a top shareholder in Italy’s Alitalia, did not make a clear position regarding a proposed capital increase to save the near-bankrupt air carrier.
TD Bank studying options to bid for Royal Bank of Scotland
The bid for Royal Bank of Scotland amounts to GBP8 billion and is being reviewed to be done by TD Bank.
Unicredit to re-list HVB shares in the bourse
After delisting the HVB shares in 2008, Unicredit is relisting its German units shareholders. Unicredit is studying to list a minority stake in its German unit, HVB.
Latest News
According to a study, airport modernization programs are necessary to improve services. According to the study conducted by the aviation consultancy firm CAPA in partnership woth aviation IT solutions provider SITA, special provisions such as WiFi inflight, use of mobile devices, self-check in areas, biometrics and e-Passports should be implented in the new airports in India.
Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.
Countries such as Libya, Syria and Afghanistan as well as African countries such as Mozambique have become prime targets for Indian investments.
The position of COO was created and an old hand resigns from the company, according to Athabasca Oil Corp announcement.
Pennzoil's "Mission: ABLE" program donated three vans to three veterans for their specialized needs.
Emerging markets cry foul over the continued inaction on 2010 reforms passed in the International Monetary Fund.
To protect itself from spy intrusions, Deutsche Telekom is instituting local routing of domestic traffic.
Investors seeking a higher violation for shares of OAO RN Holdings, a subsidiary of OAO Rosneft. Templeton Emerging Markets Group Chairman Mark Mobius said the OAO Rosneft offer to purchase shares in OAO RN Holding must be pegged above RUB67 or USD2.
Alitalia remains operational because of capital infusion from Il Poste and Italian banks. Poste's investment in Italia is a move to allow the airline to keep operating and keep itself searching for foreign partners without denigrating itself.
