Archive for January 2010
-
Saudi-based floor covering manufacturer Alsorayai Trading and Industrial Group will raise 243 million riyals ($64.8 million) from an initial public offering that starts Monday, the IPO's financial adviser said. "We priced the shares at 27
Read More -
Reliance Communications reported a 21 percent drop in quarterly profit as hefty declines in call charges hit India's No 2 mobile operator, but the profit fall was smaller than expected helped by forex gains and
Read More -
Reliance Communications reported a 21 percent drop in quarterly profit as hefty declines in call charges hit India's No 2 mobile operator, but the profit fall was smaller than expected helped by forex gains and
Read More -
The French auto group PSA said Saturday it would be recalling some models of its vehicles produced in a Czech plant which it shares with Toyota. The Japanese giant on Friday pulled millions of cars
Read More -
Reforming the $450 trillion derivatives market is key to removing the risks of financial markets, and greater central clearing of privately traded derivatives is a vital part of that, the head of the Commodities Futures
Read More -
A cigar stump discarded by Winston Churchill has been sold at an auction for 4,500 pounds (7,192 dollars), reports said Saturday. The former British Prime Minister hastily stubbed out the cigar in 1941 when he
Read More -
Turkey is ready "to make a deal" with the International Monetary Fund on a new stand-by loan agreement, Turkish Prime Minister Tayyip Erdogan was quoted as saying on Saturday. European Union candidate Turkey has been
Read More -
Some key bankers have moved toward support of a global bank wind-down fund to help cover the costs of bank failures, the Financial Times reported from Davos, Switzerland. The newspaper quoted Josef Ackermann, chief executive
Read More -
Six more US banks were seized on Friday as regulators continue to close the doors of banks struggling to cope with fallout from the financial crisis. The Federal Deposit Insurance Corp (FDIC) said First Regional
Read More -
An informant has offered to sell the German government the data of 1,500 possible tax evaders with bank accounts in Switzerland, a respected German daily reported on Saturday, without identifying its sources. The informant is
Read More