U.S. cable operator Charter to buy Time Warner Cable for $56 bln| Reuters
May 26, 2015 at 23:45 | Source:
Charter Communications Inc, the No. 3 cable TV operator, offered to buy No. 2 Time Warner Cable Inc for $56 billion on Tuesday but immediately ran into questions about whether regulators would agree to the combined company, which would control a big ...
Sensex ends flat, market cautious on Q4 earning numbers
May 21, 2015 at 19:50 | Source:
Mumbai: The benchmark BSE Sensex today settled marginally lower by 28 points at 27,809.35 as market remained cautious on concerns over poor quarterly earnings despite prevailing rate cut hopes.Participants were guarded ahead of corporate earning numb...
Major banks admit guilt in forex probe, fined $6 bln| Reuters
May 21, 2015 at 00:30 | Source:
NEW YORK/LONDON/ZURICH Four major banks agreed to plead guilty on Wednesday to trying to manipulate foreign exchange rates and six were fined nearly $6 billion in yet another settlement in a global probe into the $5-trillion-a-day market.Authorities ...
Gold hits three-month high as U.S. data eases rate fears| Reuters
May 15, 2015 at 02:15 | Source:
NEW YORK/LONDON Gold hit a three-month high on Thursday as the dollar came under pressure following a new batch of mixed U.S. data that pushed back expectations of when interest rates in the world's largest economy will rise.Spot gold XAU= rose to th...
Late to the party, global banks try to muscle into India's start-up boom
May 11, 2015 at 11:28 | Source:
Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.Banks including Goldman S...
Goldman's stock trading boom turns up heat on Morgan Stanley| Reuters
Apr 17, 2015 at 05:45 | Source:
NEW YORK (Reuters) - Goldman Sachs Group Inc's (GS.N) blockbuster performance in stock trading last quarter has some Wall Street watchers wondering whether it knocked rival Morgan Stanley (MS.N) out of the top spot in equities.Goldman was head-and-sh...
If Big Banks fail again, will Uncle Sam come to the rescue? You bet
Apr 14, 2015 at 22:58 | Source:
(The following is an excerpt from Easy MoneyThe Greatest Ponzi Scheme Ever and How It Is Set to Destroy the Global Financial System).A large number of firms like AIG, Citigroup, Fannie Mae, Freddie Mac, etc., were rescued in the aftermath of the fina...
How the worlds largest companies spend their IT money
Apr 08, 2015 at 11:48 | Source:
International Data Corporation (IDC) estimates that, including internal spending, the world's largest companies spent $895B on technology in 2014. IT vendors of all flavors long to harness a share of their hefty IT wallets not only for the revenue g...
IPO buzz: IndiGo may be planning to raise around Rs 2500 cr by May-end
Mar 27, 2015 at 14:32 | Source:
India's biggest carrier, IndiGo, is preparing to file documents for a stock listing to raise $300 ( Rs 1,900 crore) to $400 million ( Rs 2500 croree), two sources with knowledge of the plans said, as it looks to cash in on a booming air travel market...
Investors to pause forex litigation amid U.S. government probe
Mar 11, 2015 at 03:15 | Source:
NEW YORK (Reuters) - Lawyers pursuing an antitrust lawsuit by investors accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market agreed to put most of the litigation on hold amid a related criminal probe by the U.S...
Citigroup sells stake in Turkey's Akbank for $1.2 billion
Mar 05, 2015 at 20:30 | Source:
ISTANBUL (Reuters) - Citigroup has sold its nearly 10 percent stake in Turkey's Akbank for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost capital.New York-based Citi has pared back intern...
Barclays reports 21% fall in pre-tax profits
Mar 03, 2015 at 17:12 | Source:
Barclays has reported a fall in profits as it set aside more funds to cover potential fines for misconduct. Statutory pre-tax profits fell 21% to £2.26bn in 2014. The bank increased its provision to cover any fallout from a probe into currency marke...
Coffee's hot as IPO could value Cafe Coffee Day at $1 billion
Feb 27, 2015 at 22:45 | Source:
MUMBAI (Reuters) - The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, is set for a market debut that could value it at almost $1 billion, even as the country's burgeoning cafe culture draws global giants Starbucks(SBUX.O) and Mc...
Cafe Coffee Day plans IPO by April-end, seeks to collect $1 bn
Feb 27, 2015 at 19:24 | Source:
Mumbai: The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, is set for a market debut that could value it at almost $1 billion, even as the country's burgeoning cafe culture draws global giants Starbucks and McDonald's.Cafe Coffe...