China Investment Corp., China's sovereign wealth fund, received $30 billion from the Chinese government late last year, according to a report in The Wall Street Journal.
Greece's major bondholders voiced their support on Monday for a deal that will halve the value of their debt holdings and aims to put the country back on a sustainable debt-repayment footing.
Advanced Micro Devices (NYSE: AMD), Intel’s smaller rival, said it will sever corporate ties with Abu Dhabi’s GlobalFoundries in a bid to recover independent status as a top chip designer.
Having built up fleets to unsustainable levels in recent boom years, some companies must now shrink fast to avoid losses in a down market. Compounding matters, banks that have typically provided a financing lifeline to the industry are shutting off the cash, forcing shippers to consider the rare step of selling off equity stakes.
The Union budget has always provided major policy direction which has been anxiously awaited by the common man and the industry. But over the years, the tax system has become more crystallised and yet expectations have not ceased. Check out expectations of Budget 2012-13.
American International Group is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out.
American International Group Inc. (AIG) has stated that it has started selling shares of AIA Group Ltd, listed in Hong Kong, for raising $6 billion, in order to repay the bailout it received from the U.S. government in 2008.
China will target for an economic growth of 7.5 percent in 2012 according to state-of-the-nation speech that Premier Wen Jiabao delivered at the annual meeting of the National People’s Congress in Beijing Monday.
Shares in Warren Buffett's Berkshire Hathaway could rise as much as 45 percent, according to a Barron's story that cites an investor in the company.
In a yield-starved and uncertain world in the West, emerging market corporate bonds denominated in U.S. dollar could offer investors attractive opportunities, according to the latest Western Asset commentary.
Jamaica's Prime Minister Portia Simpson Miller welcomed investors at the Jamaica Investment Forum 2012 to share her government's pro-business attitude and political will.
Stocks have proven the naysayers wrong so far in 2012. And the February employment situation summary on Friday could be just the ticket to keep the bulls going next week. Besides the jobs report on Friday, next week brings an ADP private-sector employment report on Wednesday.
A faction of the Pakistani Taliban claimed responsibility on Thursday for the killing of a Chinese woman this week, saying it was in revenge for China's killing of Muslims in its troubled northwestern region of Xinjiang.
New initiatives don't always succeed first time. The government's auction of 5 percent of Oil and Natural Gas Corp, the energy group, could have flopped had it not been for last-minute intervention from state-owned Life Insurance Company of India. But if Delhi learns the right lessons, the auction route could yet be an effective way of selling stakes in state-run firms.
Richard Parsons will step down as chairman of Citigroup Inc. at its annual meeting in April and be succeeded by Michael O'Neill, the former CEO of the Bank of Hawaii Corp., Citigroup said on Friday.
A senior investment banker of Morgan Stanley has been charged with a hate crime involving stabbing and threatening a cab driver in New York over a fare dispute.
Morgan Stanley has placed a senior investment banker on leave following his arrest this week on assault and hate crime charges for allegedly stabbing a taxi driver over a fare dispute.
Stocks ticked lower in early trading on Friday in a light day on the economic calendar, but the S&P 500 and Nasdaq were on track to close their eighth positive week in the last nine.
Facebook Inc plans to increase its $2.5 billion credit line to help cover a major tax hit when employee stock awards vest shortly after it goes public, according to two sources familiar with the company's plans.
The BSE Sensex was on track for its second weekly fall in a row as the market seesawed on Friday after a muted response to a government stake sale in Oil and Natural Gas Corp (ONGC.NS) raised concerns about divestment programmes.
French President Nicolas Sarkozy was forced to take shelter in a bar to escape from several hundreds of angry protesters who booed him, as he campaigned in the Basque country in South West France. The riot police guarded the bar du Palais, in Bayonne, for more than an hour to protect Sarkozy from the protesters who threw eggs at the bar, shouting slogans against him.
Individual investors moved back into the markets in February to take advantage of rising stock prices as the economic recovery gained steam and risk aversion eased, said the head of one of the top U.S. discount brokers.
