The US Justice Department investigated the planned merger of American Airlines and US Airways, a deal which is expected to be completed by end of September.
Industry
Air Canada dismisses debt repurchase plan
Air Canada terminates a tender offer to buyback some bonds after Fed Chairman triggered sell off. (Photo : Reuters)Air Canada jets as they get ready to take off.
Investors meet at Premoney Conference
More than 300 investors gathered at the Premoney Conference in San Francisco. (Photo : Reuters )Investors betting on a rise in stocks, bonds and commodities advised to make preparation for a loud sucking sound in their portfolios next month.
India woos foreign investors by doubling gas price
India recently announced that it will raise the price of natural gas. (Photo : Reuters)The image is one of the largest coal mines in the world, operated by Coal India Ltd.
Western Cape defies South Africa's falling trend
Western Cape said that it attracted R4.4 billion worth of foreign investments. (Photo : Reuters) The management of Western Cape announced today that has successfully attracted foreign investment worth R4.
Latest News
Hess Corp started the sale of its oil terminal as the company seeks to receive US$1 billion for the asset.
Precision Castparts Corp announced acquisition plans for Permaswage SAS months after its purchase of a titanium alloy maker.
ONGC Videsh looked at another energy asset in US while Oil India neared acquisition for an African oil and gas asset.
On Wednesday, Repsol’s board of directors announced that it has rejected a noncash offer from YPF valued at US$5 billion.
According to an IFR report, UK mutuals may not be able to survive the tough new regulations imposed by UK authorities.
The Chinese securities regulator grants mutual fund licenses to HSBC and Citigroup. (Photo : REUTERS)Banking group HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians.
Tilal Development Co would be issuing a sukuk whose proceeds would be used to pay off debts and expand the Muscat Grand Mall.
India's ICICI said that it is picking exporter stocks amidst foreign fund exits. (Photo : Reuters)Securities and Exchange Board of India chief U. K.
Japan's SoftBank Corp finally got Sprint's shareholders vote after it sweetened its bid to US$21.6 billion from the previous US$20.1 billion.
