A decrease in foreign-owned Swiss banks continue due to investors withdrawal of their money and taxes that were not paid accordingly.
Investors
Tribune acquires 19 local TV stations worth US$2.73 billion
Tribune Co would acquire 19 local TV stations worth US$2.73 billion after getting financed by 5 firms.
Sinovel divests after theft charges made
Sinovel, formally charged with source code theft, divested four of its units outside China. (Photo : Reuters)This is the headquarters of Sinovel in China.
Alstom fronts credit risk-driven bond sale
Alstom said that it will sell its bonds as Euro credit risk declines. (Photo : Reuters)This is the logo of Alstom. The world's third largest energy solutions and transport firm Alstom SA announced today that for the first time since October last year, the company will put its bonds for sale.
Second Summer Box Office Disappointment for Sony As It Eyes Company Spin Off
Sony Pictures entertainments experiences its second summer box office let down at the heels of Loeb's proposal to spin off the company.
Latest News
Ocean Yeild's initial IPO was cut and now attracts more potential buyers. (Photo : Reuters)The image shows a ship dry docking at a port. The price cut for the initial offer for Ocean Yield caught the attention of potential buyers due to the noticeable cut in the price.
Australia biggest IPO sale set at the end of July by Steadfast Group Ltd (Photo : Reuters)Steadfast Group Ltd Logo As part of their plans to raise more than AUS $562.
Relational Investors LLC received 25% and 33% in their fiscal year and announced company consolidation process to turn the mid-cap and large-cap into one a single fund.
The European Union accused 13 investment banks for conniving against rivals in the credit derivatives industry.
The 17 nations in Euro zone suffered from recession. Unemployment was high but inflation rate remains up.
Mark Carney, the bank of England's new governor was urged to set aside GBP1 billion for small businesses to ais in UK's recovery.
Banks leaving Switzerland due to the loss of secrecy in the banking transactions. (Photo : Reuters)The image is a bundle of 100 Swiss francs. Switzerland, the former Mecca for European lenders when it comes to private banking is now hurt with the change in banking secrecy and the rise in compliance.
Asia-pacific investors continue to fret due to Fed’s quantitative easing and China’s economic slowdown.
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.
