Foreign Investment Promotion Board (FIPB) has finally cleared Vodafone's buyout of a majority stake in Hutchison Essar.
Friday saw the culmination of three months of corporate drama as Vodafone's 11.1 billion-deal was finally approved. With this,...
Archive - April 2007
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With the demand for UK financial products increasing within and outside the country the UK government will be issuing Islamic bonds which will make it the first western state to do so.
By 2008 we will see the face of first Sharia compliant UK...
The UK inflation rate surged unexpectedly to 3.1 percent in March, according to official figures. The unexpected acceleration of inflation has pushed the pound to $2 for the first time since September 1992 on increasing speculation interest rates...
Maan Abdul Wahed al-Sanea, Saudi Arabian billionaire, has become the second biggest stakeholder in Europe's biggest bank, HSBC. He has acquired a £3.3 billion stake in the bank over a period of last two months. Yesterday, HSBC's shares rose 1.3% to...
The Foreign Investment Promotion Board (FIPB) is yet to be convinced that Vodafone's deal with Hutchison Telecom International Ltd. (HTIL) does not violate the complex Indian laws governing foreign direct investment. The deal, which was made earlier...
Astronomical leveraged buyout activity fuelled by private equity is creating growing financial dangers to dealmakers, their backers and targeted companies that risk a return to the most terrible excesses of past merger booms, the International...
Nasdaq is at present involved in talks to acquire the Philadelphia Stock Exchange, the third-largest options exchange in the US by contracts traded, reported the Wall Street Journal recently. Though the two exchanges have been locked in...
Condo owners are feeling the heat due to mortgage crunch. A number of them are finding it difficult to pay off their condo fees. The subprime mortgage debacle is casting a bad effect on not just the condo owners but also the real estate as a whole....
Residential sector in the real estate market has started recovering slowly and the number of unsold houses has stopped shooting up. Houses which command rates of more than a million dollar are still suffering but this can be a good bargain for some....
Nasdaq will be revealing an index aimed at keeping a tab on the performance of Chinese companies whose securities are actively traded in U.S. The index will be unveiled in the second quarter of 2007 and around thirty companies with a combined...
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