Barclays said would spend GBP 1.4 billion to revamp its consumer banking unit. London-based Barclays Plc said it would be spending an estimated GBP 1. 4 billion or USD 2.
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Currency swaps the norm in China for foreign businesses
Instead of raising funds through the Dim Sum bond market, foreign companies in China opt for cross currency swaps to raise funds for operations.
American Surgical Assistants acquires ProAssist Surgical Associates
Great Point Partners announced the acquisition of ProAssist Surgical Associates by its subsidiary firm American Surgical Assistants.
Twitter will acquire MoPub to sell ads on third-party apps, to launch IPO next year
According to a Forbes news magazine article, Twitter Inc.'s acquisition deal of mobile ad exchange startup MoPub implied that it would be readying itself for an IPO next year.
Acquisitions drive value of hearing-aid makers- Nordea
Nordea Bank said acquisitions had driven the growth of two European hearing aid manufacturers, William Demant Holdings and Sonova Holding.
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Driverless vehicles as well as the data transfer between cars are on top of the agenda for the partnership between Continental AG and IBM.
SZITIC Commercial Property Ltd had prepared plans to undertake an IPO in the Hong Kong bourse worth around USD1 billion.
Analysts and pundits alike saw that private insurers who received state aid are reaping more benefits than they should.
Sources told Bloomberg that PetroChina Co has set aside USD 10 billion to invest in gas fields in Russia.
Apparel retailer Esprit Holdings attributed the loss in 2012 to a sluggish European market and increased competition from
other brand names such as Zara and Hennes & Mauritz.
The Philippines' Department of Finance announced that it had begun to accept development proposals under the Philippines-Italy Debt for Development Swap Program.
Rafael Correa, President of Ecuador, would be relying on USD18 billion worth of oil resources inside the Yasuni National Park to save the country from going bankrupt.
The Malaysian state run oil firm informed the Venezuelan government of its withdrawal from the Carabobo-1 oil project.
Sources who disclosed to Reuters that Umpqua Holdings Corp. (UMPQ) was in advanced stages of closing an acquisition of Sterling Financial Corp for USD1.8 billion.
