10 May 2005 12:21 PM

DEUTSCHE BANK CUT SWISS RE TO "HOLD" FROM "BUY"

10 May 2005 11:04 AM

Morgan Stanley said its Chief Executive Officer Philip Purcell, scheduled to speak at UBS AG’s financial-services conference at 8:10 a.m. in New York, will say little or nothing to resolve the issue the company faces.

10 May 2005 09:58 AM

The acquisition by Britain’s Barclays of a majority stake in retail lender Absa is a great chance for Africa to widen the entry to the world market and attract more investmnents to South Africa.

10 May 2005 09:51 AM

A slowdown is observed in global venture capital funds investment in the Chinese economy after the State Administration of Foreign Exchange issued new regulations hampering international share sales and capital raising by China companies. The notices issued by the state body on Jan. 24 and April 8 stipulate that Chinese citizens need to get approval to invest in an offshore company, which was previously not required. As a result, investment lost one-third from the same period in 2004, ending up at $552.6 million in the first quarter, says the Asian Venture Capital Journal.

10 May 2005 09:04 AM

North Korea is a member of the Unites Nations and has the right to be treated as a sovereign state, according to the US Secretary of State Condoleezza Rice.

10 May 2005 09:02 AM

The bid of the dominant trading platform for US Treasury bonds ESpeed has sweetened its bid for the eurozone government bond trading platform MTS. The company agreed to offer a seat on its own board to an Italian Finance Ministry official to get the European bond trading platform.

10 May 2005 09:00 AM

Anglo American Plc., a mining company, wants to buy a stake in China’s biggest coal miner Shenhua Energy Co. in the company’s upcoming initial public offering. Shenhua plans to raise $3 billion selling stock to Anglo American and Hong Kong corporate investors.

10 May 2005 07:56 AM

The celebration of the 60th anniversary of the triumph over Nazism in World War II turned thorny on the meeting of leaders from over 50 countries that tried to soothe the situation over the dissolving democracy in Russia.

10 May 2005 07:54 AM

The US-led operation in Western Iraq that has already taken about 75 lives near the border with Syria claimed another death as a US Marine was killed, according to the Department of Defense.

10 May 2005 07:52 AM

Energy company Duke Energy Corp. said Monday it agreed to purchase another power company, Cinergy Corp., for about $9 billion to diversify its fleet of power plants in the Midwest.

10 May 2005 07:50 AM

The sale of stakes in China’s second-largest insurer Ping An Insurance (Group) Co. Will yield $1 billion in profits for Goldman Sachs Group Inc. and Morgan Stanley as they are about to sell a 9.91% stake for $1.04 billion to HSBC Holdings Inc. In 1994 the securities firms paid $35 million each for the stock. This is the single largest profit in China from a private-equity investment.

10 May 2005 03:16 AM

Toyota Motor, the world's second- largest automaker, reported today the biggest profit decline in seven quarters due to high raw material prices. Profit

06 May 2005 12:03 PM

The credit default swaps (CDS), aimed at protecting investors from the borrower’s default, are becoming more and more popular among investors indicating the trend of launching credit derivatives funds.

06 May 2005 11:16 AM

The US and Japan demand that China unpeg its currency, saying the rigid mode of renminbi leads to losses in the world’s two top economies.

06 May 2005 11:10 AM

Thomson TradeWeb has an option to widen its online services by launching the first online multi-dealer system for credit default swap (CDS) indices. TradeWeb was acquired by Thomson Financial for $385 million in 2004. The company said it came to a deal with