The European Union accused 13 investment banks for conniving against rivals in the credit derivatives industry.
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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.
Tribune set to become number one commercial station
Tribune Company buys Local TV. (Photo : Reuters)This is the logo of Tribune. Tribune Company announced today that it has agreed to buy Local TV holdings, LLC.
Private banks exit Switzerland, assets dropped to CHF870.7 billion
A decrease in foreign-owned Swiss banks continue due to investors withdrawal of their money and taxes that were not paid accordingly.
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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.
Asian factories were knocked again and the halt in growth is expected to last for nine months. (Photo : Reuters)The image is a tool and die firm floor.
Naptha supply offered by ONGC to potential buyers end of July (Photo : Reuters)The image shows workers in a gas field. The Oil & Natural Gas Corp, also known as ONGC sold 35,000 metric tons of naphtha which is ready for loading on July 30 to July 31 from its site in Hazira, India.
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.
Greece and its international lenders picked up where they left off on talks about the country's bailout loan.
Former UBS AG trader based in Sydney, Gerard Satur raised Aus$10 million from wealthy investors.
