Financial markets
The Reserve Bank of India's (RBI) decision to provide a special liquidity facility of Rs 50,000 crore to mutual funds has sent shockwaves of relief across the nation. The move has been hailed by politicians from across the spectrum, including the BJP and the Congress, as a
Financial markets
The European Central Bank's (ECB) recent decision to buy up Italian and Spanish government debt has failed to convince financial markets that the sovereign debt crisis is contained within the eurozone. Despite the intervention, Asian and European exchanges continued to suffer heavy losses, with the British FTSE 100
Financial markets
The European Central Bank (ECB) has signaled its support for Italy by announcing its willingness to buy Italian government bonds, a move seen as a crucial step in preventing further financial turmoil in the eurozone. The decision follows Italy's announcement on Friday to bring forward its plans to
Financial markets
Standard & Poor's downgraded the US Government's AAA credit rating to AA-plus with a negative outlook, a decision that could undermine America's economic recovery and send ripples throughout global financial markets. The move follows a day of rumors about the decision and reports that
Financial markets
Hennepin County Board Chairman Mike Opat is pushing back against Moody's Investors Service after the national bond rating agency threatened to downgrade the county's top-rated bonds without providing proper notice. The county's ranking is currently AAA, one of the highest ratings possible. Opat expressed
Financial markets
MUMBAI, Asia Pulse - The shares of several small and medium private sector Indian banks have seen a significant surge in the past week, driven by hopes of increased merger and acquisition deals, triggered by the proposed takeover of Bank of Rajasthan by ICICI Bank. This development has sparked optimism
Financial markets
Marshall Edwards, Inc., a specialist oncology company, announced on May 18, 2010, that it failed to comply with the minimum stockholders' equity requirement set forth in Nasdaq Listing Rule 5450(b)(1)(A) for continued listing of its common stock on the Nasdaq Global Market. The company's
Financial markets
The Russian government has taken a step closer to privatizing state and municipal property with the passing of a bill in the second reading by the State Duma. The legislation aims to regulate the sale of federal property by allowing banks and stock exchanges to sell government assets alongside the
Financial markets
The Russian stock market registered gains on Tuesday, driven by favorable foreign market trends and increasing oil prices. The MICEX Stock Exchange benchmark stocks climbed 0.37% to 1,362.32 points and 1.14% to 1,438.94 points on the RTS Index. Notably, futures on the RTS Index
Financial markets
Canadian regulators have launched an investigation into the unusual trading that occurred during the market plunge of May 6, aimed at addressing the inconsistent rules for freezing trading on stock exchanges during periods of wild volatility. The investigation is a response to the wild volatility in some stocks, which caused
Financial markets
Magnum Hunter Resources Corporation announced an increase in its borrowing base under its $150 million senior secured revolving credit facility to $75 million. This increase reflects the growth in the company's proved reserves and the acquisition of Triad. The elimination of the Tranche B facility, which was used
Financial markets
Sterling Financial Corporation, a bank holding company for Sterling Savings Bank, has been notified by the NASDAQ Stock Market that it no longer meets the minimum $1.00 per share requirement for continued listing on the NASDAQ Global Select Market. According to the notice, Sterling has 180 calendar days, or
