A month of overcast skies and frequent showers indicates it is business as usual for the British summer, and for one company each day of rain brings particular displeasure.
British car cleaning firm IMO Car Wash is struggling with more than 350 million pounds of debt, and some detractors say demand for its services drops each […]
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Anglo American hasn’t yet received a formal bid from Xstrata. But the miner’s interim results read very much like a defence document.
The highlights alone give a pretty good idea of what chief executive Cynthia Carroll and new chairman John Parker will focus on if Xstrata does eventually pounce.
Anglo’s case hinges on four […]
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The war between Continental and Schaeffler rumbles on. Karl-Thomas Neumann has got board assent for the capital increase he wants to pay down Continental’s heavy debts, a hard-fought for move that is likely to dilute the company’s largest shareholder Schaeffler.
But it is only a partial victory for the chief executive of the German […]
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Now that the dark days of TARP force-feedings, congressional hearings and ill-conceived mergers are behind it, Bank of America is getting back to the business of expanding in the world’s most enduring pot of fabled gold, China. The bank sent a memo around saying it had rehired a China hand to head its corporate finance […]
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It would be hard to describe July as a banner month for mergers and acquisitions.
Friday’s data from Thomson Reuters shows it was the first month since Sept. 2004 where announced deals totalled less than $100 billion, and the first month in almost six years without a single $5 billion-plus deal. But top executives are starting […]
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Highlights and low points — syndicated loans, for example, at their lowest since 1993 — from the July Thomson Reuters Investment Banking Snapshots:
DEBT CAPITAL MARKETS
Asia Pacific & Chinese Issuers Reached New Corporate Bonds High in July - Asia Pacific issuers raised a record US$41bn in July, up 11% from June 2009 (US$43.3bn) and double the […]
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From The Business Insider, July 31, 2009:Remember the fairy tale about AIG being an otherwise healthy
insurance company that just got a little crazy selling credit default
swaps? Well, it’s time to put that one to rest.
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Friday’s better-than-expected second-quarter GDP report is fueling talk about the end of the recession, which may become a self-fulfilling prophecy, says Christopher Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi. …
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