Federal regulators stressed the importance of leaving the United States open to investments by sovereign wealth funds Wednesday, but warned of the need to push for better transparency among these growing state-sponsored entities.
Wall Street firm Merrill Lynch & Co. Inc. said Tuesday that it had received investment totaling $6.6 billion primarily from three foreign investment funds.
Merrill Lynch is expected to report a bigger-than-expected $15 billion writedown when it reports quarterly results next week, according to a report in The New York Times.
The nation's largest bank and largest Wall Street firm are both trying to raise additional capital from overseas investors to help them deal with losses from subprime mortgages, according to a published report.
Merrill Lynch announced three deals Monday which will allow the beleaguered bank to raise much needed cash as its new CEO John Thain tries to save the company from the huge losses it incurred after the mortgage market meltdown.
Stocks held gains Monday afternoon as news from Merrill Lynch helped boost the financial sector and an upbeat retail sales report suggested consumer confidence is stronger than expected.
Stocks made headway Monday morning as news from Merrill Lynch helped boost the financial sector and an upbeat retail sales report suggested consumer confidence is stronger than expected.
Federal regulators stressed the importance of leaving the United States open to investments by sovereign wealth funds Wednesday, but warned of the need to push for better transparency among these growing state-sponsored entities.
Wall Street firm Merrill Lynch & Co. Inc. said Tuesday that it had received investment totaling $6.6 billion primarily from three foreign investment funds.
Merrill Lynch is expected to report a bigger-than-expected $15 billion writedown when it reports quarterly results next week, according to a report in The New York Times.
The nation's largest bank and largest Wall Street firm are both trying to raise additional capital from overseas investors to help them deal with losses from subprime mortgages, according to a published report.
Merrill Lynch announced three deals Monday which will allow the beleaguered bank to raise much needed cash as its new CEO John Thain tries to save the company from the huge losses it incurred after the mortgage market meltdown.
Stocks held gains Monday afternoon as news from Merrill Lynch helped boost the financial sector and an upbeat retail sales report suggested consumer confidence is stronger than expected.
Stocks made headway Monday morning as news from Merrill Lynch helped boost the financial sector and an upbeat retail sales report suggested consumer confidence is stronger than expected.
It was a hot, sticky day in Jakarta, especially for visiting officials of Singapore's state-owned Temasek Holdings. They sweated for nearly four hours on Nov. 19, as Indonesia's competition commission completed its six-month probe into the country's mobile-phone sector, where Singapore companies own major stakes in two operators that between them control 85 percent of a $6 billion market.
Hong Kong's Cathay Pacific Airways said Monday that it will not seek to buy a stake in China Eastern Airlines, bowing out of a bidding battle with Singapore Airlines.
Germany's Chancellor Angela Merkel tops Forbes magazine's list of the world's 100 most powerful women for the second year in a row, while Secretary of State Condoleezza Rice slipped to fourth from second last year.
Bangkok traffic is jammed again. The tanks and soldiers that cleared the Thai capital's boulevards during the September coup have gone back to their barracks. The crowds who cheered them on--gleefu...
If there's such a thing as the right way to topple a democratically elected government, then Thailand's generals might be just the strongmen to teach that lesson. After they moved against Prime Min...
Opponents of Thai Prime Minister Thaksin Shinawatra have gathered for a rally to celebrate his departure from office and, more importantly, to remind the nation of his pledge not to seek the post again.
A day after claiming victory in a national election, Thai Prime Minister Thaksin Shinawatra has announced he will resign amid mass protests and a political crisis that has thrown the future of the government into question.
Thailand's three opposition parties have said they would run in a new election if Prime Minister Thaksin Shinawatra resigns immediately, the Democrat Party has said.
Bombs exploded at three polling stations Sunday in Thailand's troubled southern region, injuring two policemen and four soldiers in Narathiwat, one of three Muslim-majority provinces plagued by a separatist insurgency.
A police squad defused a bomb at the headquarters of the opposition Democrat Party, six days before Thais head to the polls in a snap election called by the beleaguered prime minister.
The Battle Flags are flying again in Thailand. In late February, barely a year after sweeping to reelection with the largest landslide in Thai history, Prime Minister Thaksin Shinawatra, faced with...
Bank of America Corp. has signed a memorandum of understanding with China Construction Bank to buy a 5% stake in the Chinese lender, while Singapore government investment arm Temasek Holdings is in talks to acquire a similar stake, according to a published report Monday.
Knickknack and gadget retailer Brookstone Inc. announced Friday that it has agreed to be acquired by a consortium led by Singapore-based OSIM International for about $417 million, or $20.50 per share.
Malaysia says it has sold a nine percent stake in dominant telephone firm Telekom Malaysia for $766 million to a group of offshore investors that includes Singapore's Temasek.
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