Through rights offering with private investors, Greece's Piraeus Bank would be able to raise Euro 7.33 billion.
Industry
Asian equities hurt by Fed policy, China's PMI
Asia-pacific investors continue to fret due to Fed’s quantitative easing and China’s economic slowdown.
China Development Bank Steadfast in Keeping Zero Bond Risk
CDB maintains its Zero bond risk until end of 2013. (Photo : Reuters)China Development Bank maintains zero risk until end of 2013 China Development Bank is keeping its motto of having zero risk when it comes to bonds as compared to commercial banks in China.
IPOs Double to U$42 Billion Prior Market Reversal Curbing Sales
Initial public offerings were raised to US$42 billion in the second quarter from the previous US$20 billion made during the first quarter.
Fund Firm’s Boycott Threatens Lloyds Stock Sale
Fund firms threatened the privatization of Lloyds Banking Group until rulings are clarified by banks and regulators.
Latest News
General Council for Islamic Banks and Financial Institutions intends to expand to adjacent countries.
World Bank President Jim Yong Kim addressed the aims of the global lender to reduce poverty. (Photo : Reuters)President Jim Yong Kim of World Bank, gives a lecture on global creditor's goals.
The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.
Benoit Coeure, ECB Executive Board member, said the bank has Euro 50 billion on loans to small and mid-sized businesses.
Canadian investors fear the lack of transparency and inappropriate conduct from Pakistani government.
TrimTabs has reported losses amounting to US$47.2 billion for bond mutual funds and bond ETFs. (Photo : Reuters)The image is the gold inset sign of Wall Street.
The ECB announced that Cyprus government bonds are ineligible as collateral due to lowered credit rating.
Japan's Government Pension Investment Fund will use its US$1.1 trillion budget to buy properties in major cities
Closed end funds are increasing in number and value, with 24 funds launched having US$10.5 billion in portfolio value.
