Reliance Industries raises $200 mn through Formosa bonds in Taiwan
May 19, 2015 at 21:36 | Source:
New Delhi: Reliance Industries today said it has raised $200 million by selling so-called Formosa bonds in Taiwan, Asia's hottest bond market.This is the first such sale by an Indian issuer.The debt, bought primarily by Taiwanese life insurance compa...
Volkswagen group sales fall for first time in years| Reuters
May 16, 2015 at 01:15 | Source:
FRANKFURT Volkswagen (VOWG_p.DE) group sales fell for the first time in at least four and a half years in April, raising pressure on the German carmaker to fix trouble spots laid bare by the shock ouster of Chairman Ferdinand Piech.Deliveries at the ...
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...
For Hong Kong regulator, HSBC presents major challenges | Reuters
Apr 27, 2015 at 23:45 | Source:
HONG KONG (Reuters) - A move by British banking giant HSBC to relocate its headquarters back to Hong Kong would present major challenges to the city's banking watchdog, regulatory experts said.The Hong Kong Monetary Authority (HKMA) is regarded as on...
Deutsche Bank Q1 profit falls by half as legal charges bite| Reuters
Apr 26, 2015 at 23:45 | Source:
FRANKFURT (Reuters) - Deutsche Bank's earnings fell by half in the first quarter, a greater-than-expected drop as hefty legal charges eroded gains in investment banking revenue, while it prepares to unveil details of a strategic overhaul.Quarterly ne...
Oil up on drop in U.S. crude stockpiles, Middle East tensions| Reuters
Apr 21, 2015 at 02:45 | Source:
NEW YORK (Reuters) - Oil prices ended in positive territory on Monday after a drop in stockpiles at the delivery point for U.S. crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia.Tensions after ...
Wall St rallies on China stimulus, cautious earnings optimism| Reuters
Apr 21, 2015 at 02:30 | Source:
(Reuters) - U.S. stocks rose on Monday, reversing much of the previous session's sharp decline, as China's steps to stimulate its slowing economy and cautious optimism about U.S. earnings lured investors into equities.In the second industry-wide cut ...
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...
Oil up by 1% after Saudi Arabia raises prices for crude sales to Asia
Apr 06, 2015 at 11:12 | Source:
Oil futures rose more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signalling better demand in the region.International benchmark Brent regained ground after tumbling as much as 5 percent on...