Banking industry
The Indian government is set to sell a 5% stake in Oil and Natural Gas Corporation (ONGC) Ltd, valued at around Rs 12,500 to Rs 13,000 crore, through a follow-on public offer (FPO) in March. Six merchant banks, including Bank of America Corp, Nomura Holdings, HSBC Holdings Plc,
Banking industry
As the earnings season begins to gain momentum, big-name companies such as Apple, Citi, and IBM released their quarterly reports, providing insight into corporate profits for Q4'10. Despite a rapid improvement in profitability in the second half of 2009 and three quarters of 2010, US equities still do
Banking industry
A consortium of eight leading banks has agreed to provide $6 billion in financing to Vedanta Resources Plc, paving the way for its acquisition of a significant stake in Cairn India Limited. The Anil Agarwal-led company plans to acquire 51-60% of Cairn India for $8.5-9.6 billion, with Vedanta
Banking industry
The discussion at the Council on Foreign Relations' Stephen C. Freidheim Symposium on Global Economics focused on the challenges of maintaining a stable international monetary system in the face of currency wars and capital controls. Speakers emphasized that orderly resolution mechanisms are difficult to implement, especially in times of
Banking industry
GreenGainers.com, a premier source for micro cap research, has identified several stocks poised for explosive movement in the market. The company's due diligence and insight into small cap and micro cap companies have alerted investors to potential opportunities. These stocks include Citigroup Inc., Bank of America, Ford
Banking industry
GreenGainers, a premier source for micro cap research, has identified several small cap and micro cap companies poised for explosive movement in the market. The company's comprehensive public information and due diligence on small companies with huge potential have caught the attention of investors. One such company is
Banking industry
Several major stock market companies were subject to downgrades and initiations on October 27, 2010, by leading financial institutions. Companies such as FPIC Insurance, Abercrombie & Fitch, and Aeropostale received downgrades, while others like American Eagle Outfitters and Gap Inc were initiated at new weight levels. This significant shift in
Banking industry
Numerous market analysts have issued downgrades and underperform recommendations for various stocks in the market, affecting several sectors, including consumer staples, finance, and hospitality. Despite the downgrades, some stocks have shown signs of resilience, with 5,000 securities simultaneously monitored by SmarTrend, a pattern recognition system. The system has identified
Banking industry
The return in demand for air travel boosted earnings at aerospace and defense company Boeing, as well as airlines, leading to a rebound in US stocks after Tuesday's sell-off. The S&P 500 closed up 1.1%, the Dow Jones Industrial Average gained 1.2%, and the
Banking industry
Independent Franchise Partners, a firm that was previously a part of Morgan Stanley, uses a unique methodology to invest in long-term returns from international shares. The firm's strategy focuses on identifying companies with strong franchises, favorable valuations, and sustainable sales. Managing Director Hassan Elmasry emphasizes the importance of
Banking industry
Vista Land & Lifescapes, Inc., a leading property development firm in the Philippines, has made a successful debut in the offshore debt capital markets with a $100 million five-year unsecured bond issue. The company priced the bond on Friday, carrying a coupon of 8.25 percent a year, and was
Banking industry
Valeant Pharmaceuticals International, a specialty pharmaceutical provider, has secured a revised credit facility from a bank consortium comprising Goldman Sachs, Morgan Stanley, and Jefferies. The revised credit facility includes a term loan A of $950 million, up from the original $750 million, and a term loan B of approximately $650
