Greek Prime Minister categorically says that the recapitalization has protected the Greek banks from a Cyprus like crash.
Deals
Deals of The Day — Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported by Sunday The following bids, mergers, acquisitions and disposals were reported by Sunday: - German investor Joh A Benckiser (JAB) is to buy the owner of Douwe Egberts coffee in a 7.
Japan's Sharp Corp to sell 9.2 stake in Pioneer Corp, reports say
Japan's electronics maker Sharp Corp is selling its 9.2 percent stake in Pioneer Corp, according to Japanese newspaper Nikkei
Anti-money laundering concerns to delay M&T-Hudson deal
U.S. regulatory anti-money laundering concerns may cause delay in the proposed purchase of Hudson City Bancorp Inc by M&T Bank Corp.
JAB aims to build coffee conglomerate with Master Blenders purchase
Aiming to build a coffee conglomerate, Joh A. Benckiser, the investment arm of billionaire Reiman family, is set to acquire D.E. Master Blenders 1753 NV for about 7.5 billion euros ($9.8 billion).
Latest News
The EU seeks to follow US model in job creation. European Union officials are seeking to change the deep stagnation of its present economy. They are looking into adapting one component of the U.
AirAsia JV programs now underway. On Saturday, AirAsia Bhd announced that prior to its launching of the joint venture, they have started hiring India-based captains, first officers and pilots for the Indian budget carrier.
ASE breaks ground for building construction of new facilities for semiconductor packaging and testing.
Hinduja aims to form partnerships with UAE's sovereign wealth funds for projects in both India and the UAE.
Street fashion business Reliance Brands has entered into agreement with UK fashion brand Reiss for stores in India.
L&T Komatsu will cease to be as L&T would buy out Komatsu's shares in the joint venture. Larsen and Toubro Ltd will buy out Komatsu Ltd's 50% share in their joint venture.
The hedge fund Barington urges cutting of costs and expansion of board of directors for the Jones Group.
WorldPay, a British payment processing company, will now have funds to pay a dividend and repay an expensive mezzanine loan with a new 700 million pound-equivalent ($1.8 billion) loan it had successfully raised.
An IPO is to be made of shares of Portola Pharmaceuticals expecting a return of US$150 million. An application to offer through initial public offering shares of stock from Portola Pharmaceuticals has been filed with regulatory authorities.
