Banking industry
South Korea's antitrust regulatory body will hold a second hearing on allegations that Microsoft Corp. has violated the nation's fair trade laws and exploited its dominant market position to the detriment of smaller competitors. The hearing comes as a result of complaints filed by Daum Communications
Banking industry
Macquarie Bank is weighing an offer for the London Stock Exchange, potentially pitting the Australian group against European exchanges Euronext, Deutsche Borse, and OMX. The bid, valued at over £1.4 billion, may involve Macquarie partnering with other investors, including private equity groups. Despite internal concerns about applying its unique
Banking industry
Macquarie Bank, a powerful Australian investment bank, has gained a reputation as an aggressive bidder with deep pockets, particularly in the realm of infrastructure assets. Dubbed the "Millionaires Factory" due to its generous pay packages, the bank has attracted attention for its unique model combining investment banking with
Banking industry
Summer has taken hold of Europe, and the same can be said about the trading activity. The market seems to be on summer holiday, with only a few trades to speak of. The week started with a mere 3.2 billion euros' worth of notes being publicly marketed. This
Banking industry
Bernd Knobloch, chief executive of Eurohypo, a German-listed mortgage bank, is navigating the complexities of navigating his company's transformation from a risky asset to a global leader in the real estate financing sector. Eurohypo, spun off from Deutsche Bank, Commerzbank, and Dresdner Bank, has grown significantly since its
Banking industry
Dragon International Group Corp., one of China's leading manufacturers and distributors of specialty paper products and packaging materials, has announced a substantial growth in 2005. The company has acquired a 60% stake in Hangzhou Yongixn Paper Company, Limited, which is expected to double annual revenues of packaging materials
Banking industry
Stericycle, Inc. (SRCL) has secured a new $400 million senior unsecured revolving credit facility from a group of prominent lenders, including Bank of America, N.A., JPMorgan Chase Bank, N.A., and Fortis Capital Corp. The new credit facility replaces the company's existing senior secured credit facility and
Banking industry
The South Korean government is seeking to encourage state and private investment in rental housing to combat skyrocketing home prices. Officials have proposed a range of incentives, including tax breaks and guaranteed returns, to persuade public and private funds to invest in the construction of mid- and large-size rental homes.
Banking industry
Beijing's decision to appreciate its currency, the RMB yuan, has triggered a wave of reactions in the financial markets. The new RMB rating system, which replaces the decade-long peg to the US dollar, has been met with both optimism and caution. Economists believe that the 2% appreciation of
Banking industry
A group of unionized workers at Citibank Korea Inc. filed a lawsuit against the bank and one of its executives for allegedly deceiving mortgage customers by charging unfairly high interests on mortgage loans in late 2002. The lawsuit claims that the bank imposed higher interest rates than promised to mortgage
Banking industry
The Government of the Socialist Republic of Viet Nam is seeking consultant services for the Public Financial Management Reform Project. The project aims to develop a proposal and implementation strategy for a Treasury Single Account system, a concentrated cash management and payment system. The consultant will be responsible for providing
Banking industry
As competition from discount retailer Aldi waned over the past 12 months, prices at Coles and Woolworths supermarkets have increased marginally. A study by Deutsche Bank found that prices at the two supermarket giants rose 0.4% in the year to May 31, a stark contrast to the 1.2%
