German exporters face tough hurdle because of the Yen's continued depreciation. The big exporters of Germany are facing a new difficulty from its Japanese competitors following the quick depreciation of Yen as against the Euro.
Investors
Treasury to sell off US owned shares in GM
The Department of Treasury will sell off its shares in Detroit carmaker General Motors. The US government has sold off a major portion of its shareholdings in General Motors Co.
Gulf Coast Countries seeking to invest locally
Gulf coast countries, wary of the Euro Debt crisis and other factors, are choosing to invest at home rather than overseas.
Swiss Finance Minister Sets Stage for Bank Secrecy Relaxation
Swiss Finance Minister said that the government would be debating on the issue of bank secrecy on two specific points.
Shanghai Volkswagen to Build New Factory
Shanghai Volkswagen would build a 12.08 billion yuan factory located at the Changsa Economic and Technological Development Zone.
Latest News
Russia's Finance Minister says there is a need for Russian Parliamentary approval for any terms changed on the loan.
The Gores Group purchases Davis+Henderson Corp. In an announcement from the Gores Small Capitalization Partners, LP disclosed its purchase of Davis + Henderson Corporation's three company units in Canada.
According to Credit Suisse, the cycle of mergers and acquisitions would soon be picking up because of positive factors in the market.
Softbank waived the Alibaba IPO card to banks, saying their help in funding the rival bid can ruin their chances in participating in the highly anticipated IPO, which it owns one third of.
3D Systems to undertake IPO at US$40.00 per share. As previously announced, the common stock issue from 3D Systems has been proceed at US$40. 00 per share through an underwritten initial public offer.
Discovery Labs to undertake IPO for the expansion of its capital base. Discovery Laboratories is now turning its attention to fundraising activities for increase of its capital base.
Bloomberg news reporters had access to personal information of those using the news service, leading to ethical issues as to its use.
JP Morgan sells off power marketing rights amidst allegations of price manipulation in California and Michigan.
Two directors issued a letter in response to the recommendations made by proxy advisory firms on the ceo-chairman split issue as well as removal of some of the JP Morgan directors from the board.
