Nigeria has issued guidance for its $500 million debut Eurobond indicating a yield of around 7 percent, higher than that of West African peer Ghana, market sources said on Thursday.
AIG chose Bank of America Corp , Deutsche Bank AG , Goldman Sachs Group Inc and JPMorgan Chase & Co to manage the sale of the government's 92 percent stake in the insurer, two people familiar with the situation said on Tuesday.
The top pre-market NASDAQ stock market gainers are: ARIAD Pharmaceuticals, Datalink, Sterling Bancshares, China XD Plastics and Ku6 Media. The top pre-market NASDAQ stock market losers are: Apple, Avago Technologies, Cypress Semiconductor, NVIDIA and ASML Holdings.
PRC property developer Evergrande Real Estate Group made history last week with a Rmb9.25bn (US$1.4bn) synthetic renminbi bond - the biggest to date in the fast-growing market.
CMS Cameron McKenna said it has hired Simmons & Simmons US securities partner Daniel Winterfeldt to head its newly launched international capital markets (ICM) group.
Shares of Advanced Micro Devices (NYSE: AMD) are plunging after the unexpected departure of the company chief executive officer, Dirk Meyer.
JPMorgan Chase and Morgan Stanley received approval from Chinese regulators to form joint ventures with domestic firms, which would allow them to participate in underwriting Chinese stock and bond offerings.
Stocks finished mixed, and traders apparently were unimpressed by some good economic data on factory orders and auto sales, while commodities dropped on likely profit-taking.
Shares of aluminum maker Alcoa Inc. (NYSE: AA) have jumped this morning after receiving an upgrade from Deutsche Bank, as well as a strong vote of confidence from television stock maven Jim Cramer.
The huge floods sweeping across northeast Australia could have a significantly negative impact on the global steel industry.
The pre-market movers on Tuesday are Alcoa, Carnival, Huntington Bancshares, Walgreen Co, Borders group, Electronic Arts and Safeway.
The top after-market NYSE gainers on Monday are: Alcoa, International Coal Group, U.S. Gold Corp, Arch Coal, American Axle & Manufact. Holdings, Molycorp, M.D.C. Holdings and Barnes & Noble.
Binky Chadha, chief U.S. equity strategist of Deutsche Bank, thinks the S&P 500 will return 23 percent in 2011.
Deutsche Bank has entered into a non-prosecution agreement to pay $553.6 million penalty for participating in fraudulent tax shelters that let clients hide billions of dollars from the Internal Revenue Service (IRS) and dodge taxes, U.S. prosecutors said.
Deutsche Bank's U.S. tax fraud settlement has heightened expectations of more deals being struck as American authorities target overseas banks in a crackdown on tax dodgers.
Deutsche Bank's settlement of a U.S. tax fraud case has raised expectations of similar deals being struck by other banks, although there was relief that the $553.6 million cost to the German bank would not hit its earnings.
Deutsche Bank admitted criminal wrongdoing for taking part in fraudulent tax shelters that let clients hide billions of dollars, and agreed to pay $553.6 million to settle the case, U.S. prosecutors said on Tuesday.
Mergers & acquisitions (M&A) activity has surpassed $2.2 trillion for the first year since 2007 and it could be still busier in the coming year, according to Thomson Reuters data.
The top pre-market NASDAQ stock market losers are: Motricity, BSD Medical, American Capital, Aixtron, Vodafone Group, Logitech International, YRC Worldwide, Broadcom, AutoNavi Holdings, and Baidu.
Prices to Buy Gold held firm in London on Friday, ending of what one London trader called another roller-coaster week some 1.7% lower for Dollar and Sterling investors but unchanged vs. the single Euro currency.
Attachmate Corp, an investment group owned by Francisco Partners, Golden Gate Capital and Thoma Bravo, said it will buy networking solutions company Novell, Inc. for about $2.2 billion.
Deutsche Bank, which has $32 price target on Targacept, said late stage trial of the biopharmaceutical company's lead compound, TC-5214, to treat major depressive disorder will be positive in late 2011.