A court-appointed trustee asked a bankruptcy judge to return more funds to MF Global Holdings' clients, said a Reuters report.
Sectors
Two PE funds claim serious irregularities in the operations of Fourcee Infrastructure Equipment
In documentation filed with the Company Law Board, two PE funds seek the appointment of an administrator to oversee the forensic audit for the company.
Barclays provides explanation for frozen expat accounts in UAE
Barclays, through a statement, explained why accounts were frozen, maintaining minimum notice requirements were met in reaching out to customers.
Nykredit to refinance DKK 11 billion or USD 2 billion debt
Nykredit would be refinancing its DKK 11 billion debt through preferred stock issuance and contingent convertible debt.
General Electric Capital Corp to sell majority stake in GE Money Bank in IPO
General Electric Capital Corp would be divesting its stake in GE Money Bank in an IPO scheduled in the fourth quarter.
Latest News
A new toothbrush that can clean teeth in just 6 seconds was introduced by Blizzident. Blizzident introduced a toothbrush that can clean teeth in just 6 seconds.
Forgame Holdings Ltd experienced a premium of one-third of its stock price during its trading debut on the Hong Kong Stock Exchange on Thursday, said a Reuters report.
Information technology news site Techcrunch said in a report that investment by venture capital firms in startups that are a least a decade old had been increasing.
In an announcement today, passenger travel search engine company Skyscanner announced that Sequoia Capital had placed investment commitments to the startup valued at USD800 million.
Algorithmic trading platform Quantopian raised USD 6.7 million from Khosla Ventures and Spark Capital.
Fubon Life Insurance Co would be buying real estate overseas after the Taiwanese regulator eased restrictions for insurance firms on property investments.
Westports Holdings Executive Chairman G. Gnanalingam became a billionaire with the port operator's initial public offering.
Societe Generale would sell its Asian financial unit priced around USD600 million, said sources that were cited in a Reuters report.
The National Retail Federation said the US retail sales would increase this holiday season by 3.9%. Retail sales in the US were expected to increase by 3.
