RBS Executive to Step Down

Royal Bank of Scotland CEO Stephen Hester was urged by the bank's board to step down prior to the government's sale of its 81% stake.


Petrobras sells African interests to Banco BTG

Petrobras is selling off half of its African operations of Petroleo Brasiliero SA. (Photo : Reuters)The image is the facade of the corporate headquarters of Brazilian oil conglomerate Petrobras.

Mitsubishi Motors to build plant in Indonesia

Plans to boost capacity in Indonesia would be reached through the construction of a new Mitsubishi Motors plant in the country.

High yield investors' exodus returns European market to normal

High yield investors flee from the European junk bond market as funding costs increase. (Photo : reuters) This is an image of investors instenely watching the stock market.


Latest News

OCI Partners LP filed an IPO valued at US$480 million with the US regulators on Friday. (Photo : Reuters)The image is an industrial gas plant depot. OCI Partners LP, a strategic methanol and ammonia plant in Texas, filed an initial public offering priced at US$480 million with the US regulators.
Trinseo SA withdrew its proposed US$400 Million initial public offering on Friday. (Photo : Reuters)The image shows a division of a plastic factory. Plastic manufacturer Trinseo SA said on Friday that it had decided to withdraw its proposal for an initial public offering.
Sources state that Cinven is in exclusive discussions with Germany-based CeramTec priced at Eur1.5 billion.
International Automotive Components announced its IPO filing valued at US$115 Million with BofA Merrill Lynch, JP Morgan and Deutsche Bank Securities as its underwriters.
According to sources, Hellman & Friedman is set to interview banks next week to choose underwriters for the said IPO.
Intas Pharmaceuticals, the Indian drug manufacturer, would undertake an IPO. (Photo : Reuters)The image is the corporate logo of Intas Pharmaceuticals.
Polkomtel was able to arrange for new financing in order to reduce overall debt burden. (Photo : Reuters)The image is the corporate logo of PKO Bank Polski SA.
Karin Kovacic is named as BNY Mellon - Alcentra Mezzanine Partners' new vice president. (Photo : Reuters)This is the logo of BNY Mellon. BNY Mellon - Alcentra Mezzanine Partners, a provider of equal capacity and senior debt, announced on Friday that Karin Kovacic is its new vice president.
Ooredoo withdraws from the race for Maroc Telecom citing valuation issues as well as frustration with the bidding process.
Northstar Media acquired Your Travel Insider. (Photo : REUTERS)A US airways plane takes off behind an American Airlines jet at Ronald Reagan National Airport in Washington Portfolio company Northstar Travel Media announced its acquisition of Your Travel Insider, a web-based publisher of newsletters Luxury Cruise News, Your Travel Insider, and Your Travel Insider - Travel Tools.