Archive for the 'Money' category
Board of Dr Reddy’s Laboratories has okayed bonus debentures valued at Rs 30 per share. The pharma major plans to issue six bonus debentures of Rs 5 for every one equity share held.
Dr Reddy’s said the bonus debentures are to be redeemed at the end of 36 months. “The debentures will carry a coupon rate. The total
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Categories: Market News, Money
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former American International Group (AIG) lead man Maurice Greenberg (called “Hank” by most and the “Gangster of Love” by yours truly) has agreed to a staged sale of his AIG shares to UBS (UBS).
On Friday, Starr International (Greenberg’s investment vehicle) issued a filing with the SEC stating that it will sell as many as 10 million shares of
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Categories: Bank, Money, US Markets
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Lehman Brothers Holdings on Monday filed a plan with the U.S. bankruptcy court in Manhattan to wind down its remaining assets and operations — and end the largest U.S. bankruptcy case in history
Under the proposed Chapter 11 plan, a newly created business called LAMCO would manage what is left of Lehman’s
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The yen weakened for a second day against the dollar and fell against the euro on speculation the Bank of Japan will step up credit easing measures to stave off deflation.
Japan’s currency declined against all of its 16 most-active counterparts after costs to borrow in the currency fell in London
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Categories: Money, World Economy
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February 16, 2010 12:33 am
The Dubai-owned airline Emirates has announced a 60m-euro (£52m, $82m) sponsorship deal with AC Milan.
The four-year deal, due to begin in July, will see Emirates become Serie A team AC Milan’s shirt sponsor in place of the Austrian betting
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Cablevision Systems, a New York-area cable provider, said Friday it was no longer carrying The Food Channel and HGTV, two channels operated by Scripps Networks Interactive, in a dispute over distribution rights fees.
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Categories: Market News, Money, US Markets
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December 25, 2009 11:45 pm
Australian Securities and Investments Commission to unlock frozen mortgage funds
The Australian Securities and Investments Commission (ASIC) this week said it would grant “conditional relief” for investors in frozen mortgage funds.
“The purpose of the relief is to improve investor access to their money in
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Sales of new homes in the US plunged in November, casting fresh doubts on the recovery in the housing market. The Commerce Department said sales fell by 11.3% to a seasonally-adjusted annual rate of 355,000 homes, down from a revised 400,000
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Categories: Forex, Money, US Markets
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November 29, 2009 11:31 pm
The mobile phone retailer Carphone Warehouse has raised its full-year earnings forecast after recording better-than-expected sales.
Its comments came as it reported an 88% rise in pre-tax profit for the six months to 30 September to £75m. The firm’s revenues rose 13% to £789m.
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The number of new mortgages approved by the main UK banks for house purchase is still rising, according to the British Bankers’ Association (BBA).
Banks, which currently account for most new mortgages, approved 42,100 home loans for house buyers in September, up from 40,100 in August.
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Categories: Bank, Money, World Economy
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