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Chinese Estates Says Chairman Lau To Face Bribery In Macau Over Land Deal - Fox Business
He could also face jail time," said a Macau lawyer who declined to be named. The latest case comes as high-profile corruption probes in Hong Kong are deepening and public anger over the tight relationship between powerful developers and the Hong Kong ...
Poland May Reach For Bond-based Tool To Sell State Assets During Crisis - Fox Business
An exchangeable bond allows the owner of a share to sell the underlying shares at a premium to the current prices, a Warsaw-based investment banker who declined to be named told Dow Jones Newswires. Tamborski, the deputy treasury minister, ...
Felda Global Secures 3 More Cornerstone Investors Ahead Of Over $3 Billion ... - Fox Business
HK), ahead of its over $3.00 billion Malaysian initial public offering, a person familiar with the matter said Tuesday. Two state-run funds, the Pilgrim Fund Board and Retirement Fund Inc, also agreed to be cornerstone investors of the Malaysian palm ...
After Modest Debut, Facebook Faces Critical Week - Fox Business
"Right now you have one big buyer, Morgan Stanley," said a former chief operating officer for Bear Stearns, who dealt with IPOs on the investment bank's syndicate allocation committee, but asked not to be named as he did not want to talk publicly about ...
EU Drafts Plans for Possible Greek Exit - Fox Business
Speculation about such planning has been rife, but de Gucht's comments, which were confirmed by a person close to him, appeared to be the first time an EU official has acknowledged the existence of contingencies being drawn up .
NY Fed Postpones $1.67 Billion Maiden Lane III CDO Sale - Fox Business
The postponement wasn't related to market conditions, according to people familiar with the matter. Rather, several Wall Street dealers that were planning to bid on the bonds didn't receive certain information and documents about the securities in time ...
Macquarie Consortium Eyes Bond Market For Gas Grid Buy- Source - Fox Business
The financing is likely to be around 70% of the purchase price for the natural gas transmission network and amount to about EUR2.25 billion, two people familiar with the matter said. The debt is primarily divided between five-year loans and ...
France's Casino Not Prepared To Alter Terms Of CBD Sale - Sources - Fox Business
Diniz wants to maintain a "relevant" position in the process of decision-making at CBD even after June 22, said a person close to the talks. As part of the sale process, Diniz has an option to sell by August 22 a block of one million voting shares in ...
Banco Do Brasil In Talks To Buy Out Banco Votorantim Partners -Source - Fox Business
The state run bank is in "very preliminary talks," said the person, who declined to be named for this article and did not unveil more details about talks, such as the possible value. Banco do Brasil's press office said it wouldn't comment, ...
Qaeda Suspects Blow Up Yemen Gas Pipeline - Fox Business
Suspected Al-Qaeda militants blew up a gas pipeline supplying Yemen's Balhaf export terminal in the Gulf of Aden, the second such attack in a month, a government official said on Monday. "A gas pipeline was blown up near Mayfaa" in Shabwa province in ...
Report: American Agrees to Weigh Merger - Fox Business
... with US Airways or another suitor and has agreed with creditors to investigate whether the merger will create more value than if American were to remain a standalone company, according to a report by Reuters, citing a person close to the matter.
Bankia To Ask Spanish Government To Take Stake In Bank -Official - Fox Business
MC) plans to ask the country's government to take a stake in the troubled lender, a senior government official said Wednesday. The move would be conducted by exchanging EUR4.5 billion in state aid already received by BFA, Bankia's unlisted parent ...
Google Dives Deeper Into Content Sector, Invests in Machinima - Fox Business
According to people familiar with the matter, the round should end up raising more than $30 million, and will value the company at around $190 million, post-funding. Google will be one of several investors backing Machinima in the current funding round ...
Hungary Aiming for 3-Year IMF Deal, Official Says - Fox Business
Hungary is seeking 15 billion euros in international loans over three years to stabilize its economy, a senior government official said on Monday, blaming the International Monetary Fund and the European Union for more delays in starting aid talks.
Rosneft,Statoil Agree On JV To Develop Russia Arctic -Sources - Fox Business
OS) have agreed to form a joint venture to develop Russia's mostly untapped offshore energy resources in the Arctic and are expected to sign the deal later Saturday, two people familiar with the matter told Dow Jones Newswires.
India Official: Seeking To Restrict Reliance's Gas Field Cost-Recovery - Fox Business
The ministry has served a notice to Reliance, saying the company should recover costs only for the infrastructure used for gas production and not for the wells that haven't added to output, a top oil ministry official, who declined to be named, ...
Korea Western Power Now Seeks To Price Dollar Bond To Yield Treasurys +235-240 BPs - Fox Business
SINGAPORE – Korea Western Power Co. has tightened final guidance on its planned US$500 million five-year dollar bond, and is seeking to price it today to yield 235 to 240 basis points over comparable Treasurys, a person familiar with the matter told ...
Korea Western Power Seeks To Price $500 Million Dollar Bond To Yield Around ... - Fox Business
SINGAPORE – Korea Western Power Co. is seeking to price a $500 million five-year dollar bond today to yield around 250 basis points over comparable Treasurys, a person familiar with the matter told Dow Jones Newswires Thursday.
Lotte Shopping Sells $400 Million 5-Year Bond At Treasurys +260 BPs - Fox Business
SE) sold a $400 million bond offering to yield 260 basis points over comparable Treasurys, a person familiar with the matter told Dow Jones Newswires Wednesday. They were provisionally rated A3 by Moody's Investors Service and A-minus by Fitch Ratings.
Hutchison Whampoa Sells $1 Billion Perpetual Note At 6% -Source - Fox Business
HK) sold a $1 billion perpetual bond Wednesday at a yield of 6.0%, according to a person familiar with the matter. Initial price talk had suggested a yield between 6% and 6.125%, with private banks getting a 25-cent rebate, according to an earlier term ...
Hutchison Whampoa Launches Perpetual Bond At 6% - Fox Business
HK, HUWHY) launched a $1 billion perpetual bond Wednesday at a yield 6.0%, according to a person familiar with the matter. Initial price talk had suggested a yield between 6% and 6.125%, with private banks getting a 25-cent rebate, according to an ...
Mangalore Refinery, Essar Oil To Cut Imports From Iran By 15% This Fiscal Year ... - Fox Business
The people, who declined to be named due to the sensitivity of the matter, told Dow Jones Newswires that the refiners have been asked to trim their imports in the year that began April 1 due to pressure from the US on India. The cut tracks tightening ...
Lotte Shopping Seeks To Price Benchmark Dollar Bond To Yield Around Treasurys ... - Fox Business
SE) is seeking to price a benchmark dollar bond to yield around 260 basis points over comparable Treasurys, a person familiar with the matter told Dow Jones Newswires Wednesday. The department store operator is planning to sell the proposed five-year ...
Hutchison Whampoa Seeks To Sell Dollar Bond To Yield In 'Low 6%' Area - Fox Business
HK) is seeking to price a benchmark dollar subordinated perpetual bond this week to yield in the low 6% area, a person familiar with the matter told Dow Jones Newswires Wednesday. Private banks would get a 25-cent rebate, the person said.
Hutchison Whampoa Plans Benchmark Dollar Perpetual Bond - Source - Fox Business
HK) is planning to sell a benchmark US dollar subordinated perpetual bond this week, a person familiar with the matter told Dow Jones Newswires Wednesday. The bond would be callable after five years and feature a 100-basis-point step-up from year 10, ...