Archives
Bank of America shares to increase 50 percent in three years
September 22nd, 2014
Bank of America Corp (BAC.N), the second-largest U.S. bank by total assets, could see its shares climb 50 percent over the next three years, Barron’s financial newspaper said on Sunday. The bank could report earnings per share of $2 ...
Top Chinese law firm Commerce &Finance “open” to global alliance
September 22nd, 2014
Commerce & Finance (C&F), one of the leading ‘red circle’ firms in China, has signalled that it would consider the idea of a global alliance seriously. C&F managing partner Li Hongji told The Lawyer: “Previously, the firm was resentful ...
Alibaba’s IPO biggest ever globally and issues more shares
September 22nd, 2014
Alibaba Group Holding Ltd’s (BABA.N) initial public offering now ranks as the world’s biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares. Overwhelming demand saw the IPO initially raise $21.8 ...
Siemens Buys Dresser-Rand, an Oil Services Company, for $7.6 Billion
September 22nd, 2014
Siemens, the German engineering conglomerate, announced late Sunday a deal for the Dresser-Rand Group, an oil products and services company. The deal, worth about $7.6 billion, including the assumption of debt, gives Siemens prominence in the American energy sector, ...
Experts warn over VAT digital services rules
September 19th, 2014
Businesses who make and sell apps or provide digital services to consumers in the European Union will see their paperwork increase in January due to new legislation to counter tax avoidance, experts have warned. Currently VAT on digital services ...
Regulators Weigh Delay for Separating Banks’ Swaps Units
September 19th, 2014
U.S. banks may get another year to shift some swaps trading from their government-insured units as regulators respond to demands to give them more time, according to two people familiar with the talks. A delay until July 2016 in ...
Modi’s $53 Billion Xi-Abe Windfall Hinges on Red Tape War
September 19th, 2014
A bear hug, a riverfront stroll and a swing-set session helped Prime Minister Narendra Modi win more than $53 billion in loans and investment pledges from China and Japan this month. Chinese President Xi Jinping yesterday in New Delhi ...
Draghi Loan Plan Missing Estimates Hampers ECB Stimulus
September 19th, 2014
Mario Draghi is facing renewed pressure to implement quantitative easing after banks borrowed less than estimated in the European Central Bank’s first targeted-loan offer. The Frankfurt-based ECB lent 82.6 billion euros ($106.5 billion) to euro-area banks at a fixed ...
Alibaba prices IPO at $68 a share ahead of New York stock flotation
September 19th, 2014
Early investors in Chinese online giant Alibaba are set to sell $8bn worth of shares Friday morning, escaping the “lockup” that usually requires them to hold their shares for several months. The disclosure, first reported by the Wall Street ...
Shares rise on ‘No’ vote as pound rally fades
September 19th, 2014
The pound has hit a two-year high against the euro and a two-week high against the US dollar, as Scotland voted against independence. The pound also jumped nearly 0.8% to $1.6525 against the US dollar, before falling back slightly. ...
