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Deschert advising Norma group AG on IPO

International law firm Dechert LLP is serving as co-counsel to NORMA Group AG, a German-headquartered global industrial manufacturer and portfolio company of global private equity house 3i Group plc, on its initial public offering on the Frankfurt Stock Exchange.

Portugal to get aid before June polls: EU source

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The European Commission expects a formal request from Portugal for aid soon and a deal will probably be agreed to ease its debt crisis before a new government is elected on June 5, officials said on Thursday.
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Mercedes-Benz recalls M-Class vehicles

Daimler AG's Mercedes-Benz is undertaking a global recall of some of its older-model M-Class sport utility vehicles for issues related to cruise control that may lead to a crash, Daimler and U.S. federal safety regulators said on Tuesday.

Ozone Hole Appears Over Arctic

A European Space Agency satellite has measured record low levels of ozone over the Arctic, creating a situation similar to the ozone hole over the Antarctic.

What moves the forex market?

The forex market is dominated by financial/speculative transactions rather than commercial transactions. Of financial transactions, it’s dominated by trades in currencies themselves rather than portfolio flows.
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The Swiss Franc, Euro and Gold

Seems you can't keep a safe haven down. Not when retained wealth worldwide needs to escape money-printing and zero rates at home. What options are left to anxious savers? What choice but the Euro is still open to the Swiss National Bank...?
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Irish and Greek debts sustainable: EU rescue fund chief

European authorities and the International Monetary Fund believe Ireland and Greece can sustain their debts while it is up to Portugal whether it joins them in seeking help, the head of Europe's rescue fund said. Fears Ireland will not be able to shoulder the burden of one of the world's most costliest bank bailouts have overshadowed the government's pledge to recapitalize its financial system ...
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Auto union membership up first time in 6 years

United Auto Workers membership rose for the first time in six years in 2010, helped by a recovering U.S. auto industry and expanding to include workers outside that industry, the UAW said in a federal filing on Thursday.
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FDA finds small amount of radiation in US milk

The FDA found small amounts of radiation in a sample batch of milk from Spokane, Washington. The level, however, was 5,000 times lower than the Derived Intervention Level set by the FDA.
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Brent steady near $115

Brent was steady near $115 on Wednesday, after falling as much as 0.6 percent on indications that higher fuel prices were weighing on consumer confidence in top user the United States, where crude inventories rose more than expected last week.
Apple iPad 2 Launch

Uneasy questions for Apple as iPad 2 sells out worldwide

The Apple iPad 2 has flown off the shelves in as many as 25 countries where it was launched over the weekend, but this time Apple is facing uneasy questions from disappointed customers about the real reasons behind the sudden sell-out.
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World Market Overview 29/03/2011

U.S. stocks gave up modest gains to turn lower in the final minutes of Monday's trading session, as financials and materials sectors joined consumer and tech stocks in the red.

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