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London midmorning: Mixed to lower
Published July 10, 2009, 3:14 am, ShareCast
LONDON (SHARECAST) - Considering resource stocks are once again declining in line with weaker commodity prices London is holding up reasonably well, boosted by better than expected Producer Prices data, where output prices in June fell 0.2%, after rising 0.4% in May. Analysts had been expecting June to show a rise of 0.3%.
Asian Fusion Fund
Published July 10, 2009, 3:13 am, Forbes
Believe it or not, Japanese stocks are fueling the hot performance of the Matthews Asia Pacific fund.
Draft: World leaders launch $15B food initiative
Published July 10, 2009, 3:11 am, MyMotherLode.com
World leaders have launched a $15 billion initiative to help farmers in poor countries boost production in a shift in the way the West tackles world hunger.
US fund Apollo to invest in Germany's Infineon: report
Published July 10, 2009, 3:11 am, Indiana's NewsCenter
The troubled German computer chip maker Infineon said it would make a major capital increase with the backing of the US investment fund Apollo.
Convertible bonds - an alternative to bank debt?
Published July 10, 2009, 2:55 am, TrustNet
Ecofin Water & Power Opportunities has raised £140m from an £80m of convertible unsubordinated loan stock issue which will be placed with institutional investors, in addition to £60m zero dividend preference shares in what is the largest fund raising by any investment trust this year.
EBRD provides €200 million to OTP
Published July 10, 2009, 2:55 am, Budapest Business Journal
The European Bank for Reconstruction and Development (EBRD) is providing a €200 million subordinated loan to OTP on market terms and will buy €20 million in OTP treasury shares, OTP Bank announced on Friday.
Nigeria: 'Four years After, Failed Banks' Customers Yet to be Paid N188 Billion
Published July 10, 2009, 2:51 am, AllAfrica.com
Abuja — Chairman, Senate Committee on Banking and Finance, Senator Nkechi Nwaogu, yesterdaay said over N188 billion of depositors' funds trapped in failed banks four years ago are yet to be paid to the beneficiaries.
Nigeria: Strikes - House Summons Egwu, Osotimehin, Akunyili
Published July 10, 2009, 2:47 am, AllAfrica.com
Abuja — Following the multiple industrial unrest that has gripped three key sectors of the Nigerian economy namely, education, health and information, the House of Representatives yesterday summoned the ministers in charge of education, health and information and communication, Dr. Sam Egwu, Professor Babatunde Osotimehin and Professor Dora Akunyili.
Nigeria: Obaigbena Donates Computers to Waterman College
Published July 10, 2009, 2:46 am, AllAfrica.com
Abeokuta — Chairman and Editor-in-Chief of THISDAY Group, Mr. Nduka Obai-gbena, yesterday donated 100 computers to Day Waterman College located at Asu village, off Abeokuta-Shagamu Expressway, Ogun State.
Nanya and Inotera unlikely to secure NT$20-30 billion fund from government, says official
Published July 10, 2009, 2:46 am, Digi Times
The goal of establishing Taiwan Memory Company (TMC) should not be seen as an opportunity for local Taiwan DRAM chipmakers to apply for government funding, according to Taiwan's Economic Affairs Minister, Chii-ming Yiin.
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