News about finance
Manchester United slashes price for US IPO
Britain's world-renowned football club Manchester United slashed the price of its US share launch, cutting the amount it was raising in Friday's IPO to $233 million from a hoped-for $300 million or more.
10 August 2012 13:40
Japan invests in Atyrau refinery
Kazakhstan's Atyrau refinery signed a loan agreement with Japan Bank for International Cooperation and Bank of Tokyo Mitsubishi UFJ for $297.5 million.
09 August 2012 18:51
'Preferential shares' scandal ruins Spanish savers
The bank called them "preferential stakes", but Inocencio Merino would prefer to have avoided them.
09 August 2012 14:55
Commodity prices mostly fall on lack of stimulus measures
Global commodity markets mainly fell in subdued trade this week as investors expressed disappointment at the lack of central bank action to kick-start the struggling global economy.
04 August 2012 18:48
BHP chief forgoes bonus after $2.84 bln US gas writedown
BHP Billiton on Friday said chief executive Marius Kloppers will forgo his annual bonus after the world's biggest miner was forced to write down the value of its US shale gas assets by US$2.84 billion.
03 August 2012 18:54
Manchester United eyes over $300m in Wall Street IPO
Popular British football (soccer) team Manchester United announced Monday that it hopes to earn over $300 million in its proposed IPO on Wall Street.
31 July 2012 18:28
British finance minister fighting for survival: press
British finance minister George Osborne must urgently form a plan to rectify the country's recession-hit economy after it shrank alarmingly in the second quarter.
27 July 2012 11:19
Moody's cuts Germany outlook
Moody's took the first step toward stripping Germany of its coveted AAA credit rating on Monday, cutting the outlook for Europe's largest and most pivotal economy to "negative."
24 July 2012 18:30
Indonesia's weakening rupiah raises concerns
Indonesia's weakening rupiah and widening current account deficit are raising concerns about Southeast Asia's largest economy, which is struggling against contagion from the global crisis.
24 July 2012 11:16
Euro falls to lowest against yen in over a decade
The euro tumbled below 95 yen for the first time in almost 12 years on Monday as dealers rushed to the safe-haven Japanese unit owing to growing fears about Spain's debt crisis.
23 July 2012 14:11
Nasdaq hikes payout figure for botched Facebook IPO
Nasdaq on Friday raised to $62 million the amount of money it will set aside to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.
21 July 2012 14:48
Online woes spark first Microsoft loss ever
Microsoft posted its first ever loss on Thursday, shedding $492 million in the fourth quarter due to a massive $6.2 billion write-down to reflect the slump in value of its online operations.
21 July 2012 12:47
HSBC shares dive in Hong Kong after apology
Shares in global banking giant HSBC fell more than two percent in Hong Kong on Wednesday after a top executive resigned over the lender's failure to control money laundering and terrorist financing.
19 July 2012 11:13
PayPal stuffs startup into its smartphone wallet
EBay-owned online financial transactions titan PayPal on Tuesday announced that it has bought a San Francisco startup focused on using smartphone cameras to take credit card payments.
18 July 2012 14:52
Visa, MasterCard to pay billions in card-fee suit
Credit card giants Visa and MasterCard agreed Friday to pay more than $6 billion to millions of merchants which had sued them for allegedly fixing card-use fees.
14 July 2012 14:35
Eurozone offers Spains 30 bn euros for banks
Eurozone finance ministers agreed Tuesday to offer Spain 30 billion euros this month to help its distressed banks as they raced to stay ahead of market scepticism.
10 July 2012 13:40
New Greek government pins hopes on privatisations
Greece's new government formally takes office this week and looks set to push privatisation so as to win favour and funds from EU-IMF creditors who are inspecting the country's strained finances.
06 July 2012 17:07
Police raid Sarkozy office in campaign finance probe: lawyer
French police searched Nicolas Sarkozy's offices and home Tuesday as part of their probe into suspected illegal financing of his successful 2007 presidential election campaign.
05 July 2012 11:49
Manchester United plays for dollars in US IPO
Storied British football club Manchester United, overloaded with debt since their takeover by a billionaire American family of investors, is moving to raise cash through a US share sale.
05 July 2012 11:24
Kazakhstan will encourage squealing
Kazakhstan financial police is going to present a draft decree allowing to pay remuneration to Kazakhstan citizens who nose upon stealing officials.
23 June 2012 16:57