Debt Management Help - Would-be chief denies that offer undervalues stricken bank
Would-be chief denies that offer undervalues stricken bank
Times Online - Virgin is joined in its bid for the bank by Wilbur Ross & Co, an American distressed-debt investor; Toscafund Asset Management, a hedge fund; and First Eastern Investment Group, which is based in Hong Kong. These consortium members will contribute
Barclays Credit-Default Swaps Decline After Profit Forecast
Bloomberg - Barclays, which this month wrote down 1.3 billion pounds ($2.69 billion) linked to U.S. subprime debt, said pretax profit will be little changed from 2006 as gains in asset management help offset an investment-banking slowdown. Financial firms are
Japan’s Bonds Decline as Investors Avoid Yields Near 2-Year Low
Bloomberg - Bonds also declined on speculation investment from China will improve market sentiment and reduce demand for debt, according to Satoshi Yamada, debt investment manager at Japan Investment Trust Management Co. in Tokyo. China Investment
DMO to auction 2.5 bln stg in 5.25 pct gilts maturing 2012 on Dec 4
Forbes - LONDON (Thomson Financial) - The UK’s Debt Management Office said it will auction 2.5 bln stg in gilts maturing in 2012 on Tuesday, Dec 4. The gilts carry a yield of 5.25 pct and will be fully exchangeable with the same debt already in issue
Govt to review FDI limits in broadcast sector
Daily Pioneer - The Union Government said that it had started the process of reviewing Foreign Direct Investment (FDI) norms for various segments within the broadcasting sector following recommendations of regulatory body Telecom Regulatory Authority of India (TRAI