Posts Tagged ‘ comment ’

TPG willing to invest $1 billion in Olympus 

January 14, 2012
TPG willing to invest $1 billion in Olympus 

A disassembled Olympus camera and its parts are seen in this illustrative photograph taken in Tokyo November 24, 2011. Private equity firm TPG Capital is willing to invest about $1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG’s thinking [...]

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Amazon weighed buying RIM, interest cooled 

December 21, 2011
Amazon weighed buying RIM, interest cooled 

A BlackBerry handset is displayed in Washington, December 15, 2011. Research In Motion Ltd has turned down takeover overtures from Amazon.com Inc and other potential buyers because the BlackBerry maker prefers to fix its problems on its own, according to people with knowledge of the situation. Amazon hired an investment bank this summer to review [...]

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CME’s Duffy vs MF Global’s Corzine: A question of trust 

December 19, 2011
CME’s Duffy vs MF Global’s Corzine: A question of trust 

Terrence Duffy, executive chairman of the Chicago Mercantile Exchange (CME) Group. The drama over the meltdown of the brokerage firm MF Global pivots around a clash between two veteran traders who rose from relatively humble roots to the very top of the futures-trading business. One is Jon Corzine, the firm’s former CEO who just testified [...]

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Exclusive: Yahoo in talks to exit Japan: sources 

March 2, 2011
Exclusive: Yahoo in talks to exit Japan: sources 

A website of Yahoo Japan Corp is seen on a computer screen in Tokyo August 19, 2009. Yahoo Inc is in advanced talks to exit its joint venture in Japan with Softbank Corp, a move that could lead it to focus on reaching a decision on its China assets. A deal to transfer Yahoo’s 35 [...]

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Vietnam default swaps soar as lenders await Vinashin repayment 

December 20, 2010
Vietnam default swaps soar as lenders await Vinashin repayment 

Workers at the Dung Quat shipyard owned by Vinashin, which amassed debts of US$4.4 billion after its ill-fated expansion attempt. The cost to insure Vietnam’s debt against default soared to its highest level in 17 months as international lenders wait for the state-run shipping company to make a US$60 million loan repayment due today. Credit-default [...]

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Vinashin loan woes may raise borrowing costs for Vietnam's state companies 

December 4, 2010
Vinashin loan woes may raise borrowing costs for Vietnam's state companies 

  Vietnam National Coal-Mineral Industries Group and other state companies in the Southeast Asian nation may have to pay more to borrow as the near-bankrupt national shipbuilder struggles to repay a foreign-currency loan. Vietnam National Coal may have its rating downgraded as a debt restructuring at Vietnam Shipbuilding Industry Group, known as Vinashin, spurs a [...]

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Photos that beautify life

November 17, 2009
Photos that beautify life

“They have lived in that way” is not simply a photo exhibition. Many people agreed with Nguyen Tan Tai, 79, that “These are lessons for life. Each photo and each character is a lesson.” Electrician Pham Tuan Son, 29, from Long An province lost his both hands and three right toes. He is now Vietnamese dong billlionaire [...]

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Rio spy claim case shows SEC probe risk, lawyers say

July 23, 2009
Rio spy claim case shows SEC probe risk, lawyers say

Office staff work at Rio Tinto Group’s Shanghai office in Shanghai, China China’s detention of Rio Tinto Group executives amid allegations of espionage and bribery should serve as a reminder to foreign companies that they may also risk prosecution by US enforcement agencies, lawyers said. “It’s not just domestic law that may be involved,” said [...]

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US lender says its failure risks demise of customers

July 14, 2009
US lender says its failure risks demise of customers

Pedestrians walk outside CIT headquarters in New York, US, on July 10, 2009. CIT Group Inc., the century-old US lender that hasn’t been able to persuade the government to back its debt sales, says its demise would put 760 manufacturing clients at risk of failure. A collapse would “precipitate a crisis” for as many as [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...