In The News

The sale of a 67% stake of Egypt's third-largest bank was cancelled on June 25. Banque du Caire Chairman Mohamed Barakat said 'the bids we received were below the valuation of the... 2008-06-26

US telecoms group Verizon Wireless on June 25 filed to periodically sell up to US$10bn in common and preferred stock, and debt securities, in an effort to repay debt, fund continuing... 2008-06-26

Shareholders of Countrywide Financial Corp approved its takeover by Bank of America Corp (BoA) on June 25. The deal, which is set to close by July 1, will see BoA take control of... 2008-06-26

Maritime Capital Shipping has begun book-building for its Singapore IPO, which it hopes will raise up to US$300mn. Since its establishment in April 2007 by former Pacific Basin CEO... 2008-06-25

AMP Capital Investors, the private equity arm of Australian financial corporation AMP Ltd, announced on June 23 that it plans to increase its long-term investments in the Asian property... 2008-06-24

The Chairman of the Federal Communications Commission has give approval to the US$5bn merger of XM and Sirius Satellite radio, paving the way for a final vote on a deal that will... 2008-06-20

Mexico's Genomma Lab, an over-the-counter (OTC) drugmaker, is the only Mexican company, apart from Bolsa Mexicana de Valores SAB, the operator of Mexico's stock exchange, to launch... 2008-06-19

SK C&C, the technology outsourcing arm of SK Group is going to undertake the first IPO with an international tranche this year, hoping to raise up to W1.19trn (US$1.15bn). Up... 2008-06-19

France's Société Genérale's (SG) private banking arm and the US' Rockefeller & Co. the wealth management unit of Rockefeller Financial Services , have formed an alliance.... 2008-06-19

Israel Corporation, the holding company which owns 98.4% of Zim Integrated Shipping Services, announced on June 16 that it has postponed its planned IPO on the Hong Kong or Tel Aviv... 2008-06-18