- GMR Energy (Singapore) achieves financial closure
GMR Energy (Singapore) Pte Ltd, a subsidiary of GMR Infrastructure Ltd, has achieved financial closure on its 800MW combined cycle power pr...
- Libor set for a shake-up after credibility storm
For the first time since 1998, british bankers’ association is considering changing the way it sets the london interbank-offered rate.
- UBS subprime losses deepen, bank deep into red
Subprime-related problems at UBS AG deepened on Wednesday as the Swiss bank unveiled $4 billion in new write downs in a surprise statement,...
- Ericsson net falls 36% on lower sales of network gadgets
Ericsson, the world’s biggest maker of wireless networks, dropped 29% to a three-year low in Stockholm trading after saying third-quarter p...
- ECB, Fed inject cash to ease fears
Central banks around the world injected more cash into the international banking system Friday as problems that began with US subprime mort...
- BNP Paribas freezes security funds
BNP Paribas suspended 3 of its asset-backed securities funds as it could no longer value them because of problems in the US subprime mortga...
- Softbank pledges record collateral for Vodafone deal
Softbank founder Masayoshi Son, Japan’s richest man, pledged a record amount of collateral to refinance $10.7bn of debt used in the acquisi...