Search Results for: IG Group
Islamic State Looks To Mediterranean To Continue Oil Operations
November 5th, 2014
There is serious concern that the battle for control of Syria by the group calling itself the Islamic State may soon shift from the mountainous region where the fight for the border town of Kobani continues, as fresh troops ...
French, German banks each to pay 15 billion euros into resolution fund
November 4th, 2014
France and Germany have agreed that banks in each country should pay 15 billion euros ($19 billion) toward a bank resolution fund designed to limit the fallout from a banking collapse, French Finance Minister Michel Sapin said on Tuesday. ...
Sysco shares fall as merger hits a snag
November 4th, 2014
Sysco, US’s biggest food distributor to restaurants, is trying to save its $3.5 billion merger with its closest rival US Foods. The company is in talks with the No. 3 distributor, Blackstone Group-owned Performance Food Group, about selling it ...
Is Better Communication Longer and More Complex?
November 4th, 2014
Twenty years ago, when the Federal Reserve Open Market Committee wanted to change interest rates, it didn’t make any announcement. It just took action, and market participants observe those actions. Mark Wynne of the Federal Reserve Bank of Dallas ...
Blackstone Said Near $8 Billion Deal to Sell IndCor Unit
November 4th, 2014
Blackstone Group LP (BX) is close to a deal to sell IndCor Properties Inc., an owner of U.S. industrial real estate, to investors led by Singapore’s GIC Pte for more than $8 billion, said two people with knowledge of ...
SoftBank Cuts Annual Profit Forecast 10% on Sprint
November 4th, 2014
SoftBank Corp. (SFT), the Japanese wireless carrier led by billionaire Masayoshi Son, cut its full-year profit forecast 10 percent on widening losses at its Sprint Corp. unit in the U.S. Sprint, acquired in 2013 for $22 billion, is eliminating ...
Jury acquits ex-Swiss banker in tax-dodging case
November 4th, 2014
Raoul Weil acquitted of charges he helped wealthy Americans to hide $20B from the IRS. A federal jury acquitted a former top Swiss banking executive of U.S. charges that he conspired with wealthy Americans to hide $20 billion in ...
MetLife to meet skeptical regulators in bid to escape rules
November 3rd, 2014
MetLife, the largest U.S. insurer, will make a final plea on Monday to a group of U.S. regulators determined to subject it to tougher oversight as they probe which firms could pose a risk to the larger financial system. ...
HSBC sets aside $378 million for FX probe settlement
November 3rd, 2014
HSBC Holdings (HSBA.L) set aside $378 million to pay a potential fine from the UK regulator for alleged manipulation of currency markets, as Europe’s biggest bank reported a 12 percent fall in underlying earnings after costs rose. HSBC on ...
Bahrain fund Mumtalakat sets up $1bn bond, sukuk programmes
November 3rd, 2014
Bahraini sovereign fund Mumtalakat has set up separate bond and sukuk issuance programmes in the Irish stock exchange to raise as much as $1 billion, to help refinance maturing debt next year. One of the smaller sovereign wealth funds ...
