Investorsbuzz

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Investorsbuzz


China’s ICBC to raise $6.8 billion through rights issue

SHANGHAI (Reuters) – Industrial and Commercial Bank of China (ICBC) plans to raise 45 billion yuan ($6.8 billion) through a rights share offering this month, capping an $80 billion fundraising boom…

http://www.reuters.com/

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BofA reclaims top spot, ICBC leads profit: study

LONDON (Reuters) – Bank of America has leap-frogged U.S. rival JPMorgan to rank as the world’s top bank in terms of capital strength while Industrial and Commercial Bank of China (ICBC) tops the profit league, according to a new study.

http://www.reuters.com/

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Derivatives laws could cost companies $1 trillion: ISDA

NEW YORK (Reuters) – U.S. companies could face as much as $1 trillion in additional costs as a result of new laws designed to reduce risks in the $450 trillion, privately traded derivatives market, a derivatives trade group said on Tuesday.

http://www.reuters.com/

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Paulson, Calpers object to Lehman bankruptcy plan

NEW YORK (Reuters) – A group of Lehman Brothers Holdings Inc’s creditors, including the largest U.S. pension fund and a prominent hedge fund, said they object to the investment bank’s Chapter 11 bankruptcy plan.

http://www.reuters.com/

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GM trumpets its turnaround to investors

DETROIT (Reuters) – General Motors has revamped the way it operates, with sharply lower costs, stronger brands and gains in key emerging markets like China, Chief Executive Ed Whitacre said in a pitch for the company’s planned IPO.

http://www.reuters.com/

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Consumer confidence slumps, home prices rise

NEW YORK (Reuters) – U.S. consumer confidence dropped in June after rising for three months, adding to the view the economic recovery is slowing, while home prices unexpectedly climbed in April.

http://www.reuters.com/

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