Lenovo issues US$2 billion convertible bonds to Saudi Arabia sovereign fund to finance debt repayment, expansion
Lenovo, the world’s largest PC maker, is raising US$2 billion by issuing zero-coupon convertible bonds to a unit of Saudi Arabia’s sovereign […]
BHP seeks more time ahead of $49 billion Anglo bid deadline
MELBOURNE, May 29 (Reuters) – BHP Group (BHP.AX), opens new tab on Wednesday asked for more time to try to win over takeover target […]
T-Mobile to buy US Cellular’s wireless operations in deal valued at $4.4 billion
(Reuters) -T-Mobile will buy substantially all of regional carrier United States Cellular’s wireless operations in a deal valued at $4.4 billion, the […]
The ZiG: Zimbabwe rolls out world’s newest currency. Here’s what to know
Last month, Zimbabwe rolled out a new gold-backed currency called the ZiG, or Zimbabwe Gold, in an effort to mitigate the currency […]
ECB’s Lane Says Way Is Clear for Rate Cuts, With Inflation and Wage Rises on Downward Trend
The European Central Bank has signalled that it is likely to cut its key interest rate June 6, moving before the U.S. […]
China Vanke sells Shenzhen land plot at loss-making reserve price
HONG KONG, May 27 (Reuters) – Cash-strapped China Vanke (000002.SZ), opens new tab has sold a Shenzhen land plot via auction for 2.24 billion […]
ABN Amro to buy German private bank in biggest deal since 2008 financial crisis
May 28 (Reuters) – ABN Amro (ABNd.AS), opens new tab has agreed to buy German private bank Hauck Aufhäuser Lampe (HAL) for 672 million […]
EY, PwC fined by audit regulator over London Capital & Finance work
EY and PwC have both been fined £7m over significant failings in their audits of the now-collapse mini-bond firm London Capital & […]
Grant Thornton laying off 350 US employees as it prepares to close private equity sale
Grant Thornton is laying off about 350 US employees as the accounting firm moves closer to selling a stake of its US […]
ECB’s Panetta says consensus growing on need for rate cut
STRESA, Italy, May 25 (Reuters) – There is growing consensus within the European Central Bank over the need for a first rate […]
‘Asset famine’ in China curbs central bank’s bond trading ambitions
BEIJING/SHANGHAI, May 27 (Reuters) – A scarcity of low-risk assets in China’s financial sector is obstructing the central bank’s plans to make […]
Goldman Sachs to establish regional headquarters in Riyadh: report
RIYADH: Goldman Sachs Group is set to become the first Wall Street bank to establish its regional headquarters in Saudi Arabia as […]