Canadian dollar falls against US greenback due to current trends. (Photo : Reuters)The image is a Canadian dollar bill, a twenty to be exact. The Canadian dollar fell to its lowest level against the US greenback with concerns that the gains achieved from the risky assets have outpaced the current economic growth.
Industry
Fiera Eyes Further Growth
Fiera Capital is pursuing to double its assets through acquisitions of US firms. The Canadian money manager Fiera Capital Corp is planning to increase its assets to more than double the current value of Can$150 billion or US$145 billion through the addition of smaller US firms.
Singapore Exchange Opens Yuan Clearing Services
Singapore Exchange is expanding its market by opening a menu of services for yuan denominated transactions.
NY Atty General Finds Service Misconduct in Foreclosures
According to findings by the NY Atty General's office, banks have violated the servicing standards agreement for foreclosures agreed upon last year.
Peru to implement investment boosting reform
Peru's president said he would be implementing a new set of reforms designed to boost investments in the country.
Latest News
Charles Steel joins Ares Private Equity Group as its Managing Director. (Photo : Reuters)The image is the corporate logo of Ares Management LLC. The Ares Management LLC disclosed today the joining of Charles Steel with Ares Private Equity Group as its Managing Director.
Belgium's Delhaize plans to make sale of its businesses in the U.S. as it aims at minimizing costs in the region.
Mexican real estate investment trust is set to have a total of 233 properties after it completes its acquisition of a Mexican property portfolio from U.S. Kimco Realty Corp. and its partner American industries for $600 million.
Spanish bank Caixabank could be selling its stake, which it paid for in 2008, in Grupo Finaciero Inbursa amid high provisions on bad loans.
Bank of Ayudhya Pcl saw its shares increased after a local newspaper reported that a financial market source said that Japan's Mitsubishi UFJ Financial Group (MUFG) proposed to buy General Electric's stake in the Thai bank for 40 baht per share.
Clearwire Corp. has agreed on the buyout offer from Sprint Nextel Corp. despite disappointed minority shareholders .
VL Automotive, a venture between Former General Motors Co. executive Bob Lutz, China's Wanxiang Group and industrialist Gilbert Villarreal, is bidding to acquire Fisker Automotive through a prepackaged bankruptcy deal.
VTB, Russia's second largest bank, decides to sell its 10 percent stake in Soceite Generale's Russian unit Rosbank
As confirmed by Sony CEO Kazuo Hirai, the proposal put forth by Daniel Loeb of Third Point LLC would be reviewed on its merits.
