Industry

Pekao Seeking New Acquisitions

Pekao, after failing to purchase Nordea Bank Polska, is now seeking out new acquisitions. (Photo : Reuters)The image is the corporate logo of Bank Pekao SA.


China Allays Banking System Liquidity Fears

The chairman of the Chinese Banking Regulatory Commission allays fears of liquidity issues saying that the system has sufficient funds to cover all settlements.

Outflows continue as Fed fears remain

Outflows continue in record breaking fashion, as a total of $23 billion, the biggest since 1992, was reported.

Russian mogul bids to rule Swiss steelmaker

Viktor Vekselberg continues expanding by initiating a bid to buy Schmolz+Bickenbach. (Photo : Reuters)Russian tycoon Viktor Vekselberg gives a speech in an assembly.


Latest News

The South Korean F-X was extended to July 2 after receiving overwhelming bids from interested investors.
Senior vice minister Nishimura said that Japan needs a plan to boost growth. (Photo : Reuters)The image is a stack of Japanese yen. Yasutoshi Nishimura, senior vice minister for fiscal policy and economics, said that Japan must embrace new and solid growth measures to help the economy endure an upcoming consumption tax increase and other red ink reduction efforts.
Loans to the euro zone private sector declined further. (Photo : REUTERS)Structure showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt European region's private sector loans declined further last month as investors gain less interest for spending.
Confidurista said that Italy's economy will decline further. (Photo : Reuters)The image is the Italian flag with the Parliament at the backdrop. Further contraction is expected for the economy of Italy.
Ireland's economy is still in recession as the end of bailout approaches. (Photo : Reuters)Ths is the flag of Ireland. The Irish economy dipped into a state of recession during the last quarter of 2012 and proceeded to contract until early this year, according to the new and revised figures posted on Thursday.
Tax havens like the British Virgin Islands gained massive amounts of investments while Belgium and most Euro zone markets failed.
Gundlach said that now is the time to buy riskier bonds as the bond market selloff is near to end. (Photo : Reuters)This is DoubleLine Capital's head Jeffrey Gundlach.
Today, the National Stock Exchange's Wholesale Debt Market sector saw turnovers of Rs 3,202.15 crore in exactly 118 trades.
Shang Fulin, China bank system's chief regulator assured everyone they have ample money and debt risks were controlled.
Many private equity firms were vying for MoneyGram which has a market value of US$1.3 billion. (Photo : )The official logo of MoneyGram, the second-largest money transfer services.