International Business News - Financials http://www.ibtimes.com/rss/feed/financials.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/financials.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Goldman Sachs has agreed to sell half of its holding in Shineway Group, China's top meat processor, to a Chinese fund for about $150 million, earning roughly five times its investment from the landmark 2006 deal, sources with direct knowledge of the matter said on Wednesday. http://www.ibtimes.com/articles/20091104/goldman-sell-stake-landmark-china-buyout-deal.htm http://www.ibtimes.com/data/articleimgs/223441-goldman-to-sell-stake-in-landmark-china-buyout-deal.jpg http://www.ibtimes.com/articles/20091104/goldman-sell-stake-landmark-china-buyout-deal.htm http://www.ibtimes.com/articles/20091104/goldman-sell-stake-landmark-china-buyout-deal.htm Wed, 04 Nov 2009 10:45:12 EST A deal between Royal Bank of Scotland, EU regulators and the UK government could include unplanned disposals, the bank said for the first time on Monday, ahead of a radical shake-up of the UK banking sector. http://www.ibtimes.com/articles/20091102/rbs-faces-more-forced-sales-uk-bank-shake.htm http://www.ibtimes.com/data/articleimgs/223327-rbs-faces-more-forced-sales-in-uk-bank-shake-up.jpg http://www.ibtimes.com/articles/20091102/rbs-faces-more-forced-sales-uk-bank-shake.htm http://www.ibtimes.com/articles/20091102/rbs-faces-more-forced-sales-uk-bank-shake.htm Mon, 02 Nov 2009 09:49:37 EST Centrica Plc, owner of the British Gas brand, will sell a 50 percent stake in three wind farms to U.S. based TCW, signalling renewed investment interest in an industry where recession has crimped financing. http://www.ibtimes.com/articles/20091028/centrica-windfarm-deal-shows-investor-interest.htm http://www.ibtimes.com/articles/20091028/centrica-windfarm-deal-shows-investor-interest.htm Wed, 28 Oct 2009 11:58:58 EDT Aid groups and development banks have come up with the perfect, albeit ironic, solution for investors that have seen billions of dollars go down the pan during the financial crisis. Invest in toilets. http://www.ibtimes.com/articles/20091009/aid-groups-push-toilet-finance-ascrisis-buster.htm http://www.ibtimes.com/articles/20091009/aid-groups-push-toilet-finance-ascrisis-buster.htm Fri, 09 Oct 2009 08:47:13 EDT Goldman Sachs said it agreed to sell part of its stake in Japan's Sanyo Electric Co Ltd into a planned tender offer by Panasonic Corp, locking in 59 billion yen ($648 million) in profit. http://www.ibtimes.com/articles/20090918/goldman-sell-sanyo-stake-648-mln-profit.htm http://www.ibtimes.com/articles/20090918/goldman-sell-sanyo-stake-648-mln-profit.htm Fri, 18 Sep 2009 11:39:26 EDT Banc of America Securities-Merrill Lynch upgraded Coach Inc to "buy" from "neutral," citing a successful start to the handbags and accessories maker's strategy of lowering price points. http://www.ibtimes.com/articles/20090901/bofa-merrill-upgrades-coach-buy.htm http://www.ibtimes.com/data/articleimgs/219546-bofa-merrill-upgrades-coach-to-buy.jpg http://www.ibtimes.com/articles/20090901/bofa-merrill-upgrades-coach-buy.htm http://www.ibtimes.com/articles/20090901/bofa-merrill-upgrades-coach-buy.htm Tue, 01 Sep 2009 11:52:59 EDT U.S. mortgage-backed securities risk premiums are about a half-percentage point below where they would be if it were not for massive buying from the Federal Reserve, Amherst Securities said on Tuesday. http://www.ibtimes.com/articles/20090825/fed-buys-put-us-mbs-yields-half-point-lower-amherst.htm http://www.ibtimes.com/articles/20090825/fed-buys-put-us-mbs-yields-half-point-lower-amherst.htm Tue, 25 Aug 2009 18:07:47 EDT U.S. stocks rose on Tuesday as economic data and the renomination of Federal Reserve chief Ben Bernanke reassured investors and offset concerns about red ink in the federal budget. http://www.ibtimes.com/articles/20090825/us-stocks-wall-st-gains-economic-data-bernanke-boost-mood.htm http://www.ibtimes.com/data/articleimgs/219123-.jpg http://www.ibtimes.com/articles/20090825/us-stocks-wall-st-gains-economic-data-bernanke-boost-mood.htm http://www.ibtimes.com/articles/20090825/us-stocks-wall-st-gains-economic-data-bernanke-boost-mood.htm Tue, 25 Aug 2009 18:04:34 EDT Toronto's main stock index finished the session higher on Tuesday on strength in financial shares after Bank of Montreal (BMO.TO) kicked off quarterly earnings results for Canada's big banks with a surprisingly strong performance. http://www.ibtimes.com/articles/20090825/canada-stocks-tsx-closes-higher-on-banks-us-data.htm http://www.ibtimes.com/articles/20090825/canada-stocks-tsx-closes-higher-on-banks-us-data.htm Tue, 25 Aug 2009 17:57:20 EDT In late August's quiet trading, four troubled financial companies have accounted for a big piece of total volume on the New York Stock Exchange, in what one analyst referred to as a "dash for trash." http://www.ibtimes.com/articles/20090825/four-banks-dominate-august-market-dash-trash.htm http://www.ibtimes.com/articles/20090825/four-banks-dominate-august-market-dash-trash.htm Tue, 25 Aug 2009 17:27:28 EDT New Zealand tourism operator Tourism Holdings Ltd. (THL.NZ) reported a 80 percent fall in full year profit on Wednesday as the global recession hit the tourist industry. http://www.ibtimes.com/articles/20090825/nz-tourism-holdings-profit-falls.htm http://www.ibtimes.com/articles/20090825/nz-tourism-holdings-profit-falls.htm Tue, 25 Aug 2009 17:23:02 EDT Chile's peso closed weaker against the U.S. dollar on Tuesday, dragged down by profit-taking, while stocks opened higher on rising global bourses, traders said. http://www.ibtimes.com/articles/20090825/chile-peso-closes-weaker-stocks-post-early-gains.htm http://www.ibtimes.com/articles/20090825/chile-peso-closes-weaker-stocks-post-early-gains.htm Tue, 25 Aug 2009 16:06:54 EDT Creditors to collapsed British investment firm Keydata Investment Services have formed a committee to advise on the administration process, administrator PricewaterhouseCoopers (PwC) said on Tuesday. http://www.ibtimes.com/articles/20090825/keydata-lenders-form-creditor-committee.htm http://www.ibtimes.com/articles/20090825/keydata-lenders-form-creditor-committee.htm Tue, 25 Aug 2009 13:44:40 EDT President Nicolas Sarkozy unveiled new rules for French banks to limit traders' bonuses on Tuesday and said he would fight to persuade other G20 leaders to adopt the same position. http://www.ibtimes.com/articles/20090825/sarkozy-unveils-bonus-rules-french-banks.htm http://www.ibtimes.com/articles/20090825/sarkozy-unveils-bonus-rules-french-banks.htm Tue, 25 Aug 2009 13:43:02 EDT U.S. regulators are set to buttress their defenses this week against a slew of sick banks still facing closure and the risks to the dwindling fund that protects depositors. http://www.ibtimes.com/articles/20090825/us-regulators-prep-defenses-survive-bank-crisis.htm http://www.ibtimes.com/articles/20090825/us-regulators-prep-defenses-survive-bank-crisis.htm Tue, 25 Aug 2009 13:40:31 EDT French President Nicolas Sarkozy promised on Tuesday to fight for tougher controls on bankers' bonuses at a meeting of the Group of 20 leaders next month. http://www.ibtimes.com/articles/20090825/sarkozy-pushes-french-banks-on-bonuses-before-g20.htm http://www.ibtimes.com/articles/20090825/sarkozy-pushes-french-banks-on-bonuses-before-g20.htm Tue, 25 Aug 2009 13:33:10 EDT France will push for stronger commitments to limit bankers' bonuses at a meeting of G20 leaders in September, President Nicolas Sarkozy said on Tuesday. http://www.ibtimes.com/articles/20090825/france-sarkozy-promises-fight-on-bonuses-g20.htm http://www.ibtimes.com/articles/20090825/france-sarkozy-promises-fight-on-bonuses-g20.htm Tue, 25 Aug 2009 11:53:55 EDT Holders of a $650 million Islamic bond issued by a unit of troubled Saudi firm Saad have been asked to vote on dissolving the sukuk, trustee Citi (C.N) said on Tuesday. http://www.ibtimes.com/articles/20090825/saad-sukuk-holders-asked-vote-on-dissolution.htm http://www.ibtimes.com/articles/20090825/saad-sukuk-holders-asked-vote-on-dissolution.htm Tue, 25 Aug 2009 11:48:20 EDT Hong Kong plays a strategic role as the Mainland financial market reaches out to the world, adding renminbi, or Chinese yuan, business development in the city is one of the most important policy initiatives, Chief Secretary Henry Tang said at the launch of HSBC Bank (China) Limited's renminbi retail bonds offering on Monday afternoon. http://www.ibtimes.com/articles/20090817/hong-kongs-yuan-business-underlines-its-status-official-says.htm http://www.ibtimes.com/data/articleimgs/218653-hong-kongs-yuan-business-underlines-its-status.jpg http://www.ibtimes.com/articles/20090817/hong-kongs-yuan-business-underlines-its-status-official-says.htm http://www.ibtimes.com/articles/20090817/hong-kongs-yuan-business-underlines-its-status-official-says.htm Mon, 17 Aug 2009 20:13:06 EDT Visa Inc and MasterCard Inc, the world's largest credit card networks, are counting on foreign markets for the growth that recession-bound U.S. consumers have been unable to provide. http://www.ibtimes.com/articles/20090811/visa-and-mastercard-look-abroad-growth.htm http://www.ibtimes.com/data/articleimgs/218354-.jpg http://www.ibtimes.com/articles/20090811/visa-and-mastercard-look-abroad-growth.htm http://www.ibtimes.com/articles/20090811/visa-and-mastercard-look-abroad-growth.htm Tue, 11 Aug 2009 14:21:51 EDT