AIG investors’ $970.5 million settlement wins US court approval
NEW YORK (Reuters) – American International Group Inc shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal…
Holcim wins better terms to get Lafarge tie-up back on track
PARIS/ZURICH (Reuters) – Switzerland’s Holcim and France’s Lafarge have agreed new terms for their plan to create the world’s top cement business, giving unhappy shareholders in the Swiss company a better deal but leaving a key leadership question unan…
Exclusive: Cyber IPO pipeline grows as data breaches boost security spending
NEW YORK/BOSTON (Reuters) – Rapid7, LogRhythm and Mimecast are joining a growing list of cybersecurity firms planning to go public in 2015 to capitalize on investor interest following a spate of hacker attacks, according to people familiar with the mat…
Fed’s Evans says ‘perfectly fine’ with removing patient vow
(Reuters) – One the Federal Reserve’s top advocates for restraint in raising U.S. interest rates on Friday said he was comfortable with the decision earlier this week to remove a vow to be patient on rate hikes from the central bank’s formal policy sta…
Merkel sets strict terms for Greek aid, Juncker flags EU cash
BRUSSELS (Reuters) – European Union leaders welcomed a pledge on Friday from Greece to meet creditors’ demands for a broad package of economic reform proposals within days to unlock the cash Athens needs to avoid stumbling out of the euro zone.
Fed’s Lockhart sees interest rate ‘lift-off’ by September
ATHENS, Ga. (Reuters) – Atlanta Federal Reserve President Dennis Lockhart said on Friday he expects the U.S. central bank to raise interest rates at either its June, July or September policy meetings, barring a significant downturn in the U.S. economy….
Monte Paschi key shareholders back Profumo as chairman
SIENA/ROME (Reuters) – Three key investors in Monte dei Paschi di Siena have proposed confirming Alessandro Profumo as the bank chairman for the next three years, two sources with knowledge of the matter said.
Hong Kong property boom poised to end as Fed preps for rate hike
HONG KONG (Reuters) – The U.S. Federal Reserve is likely to succeed in reining in home prices where Hong Kong’s government has failed and property investors in one of the world’s most expensive real estate markets are already bracing for a slump.
Bank tax rise stokes pressure for StanChart, HSBC to quit UK
LONDON (Reuters) – Asia-focused banks Standard Chartered and HSBC could be tempted to abandon their London headquarters to avoid a jump in the UK bank tax set to cost them a combined $2 billion a year, investors and analysts said.
Top oil companies raise more debt than ever in 2015
LONDON (Reuters) – The world’s top oil companies raised a record $31 billion of debt in the first two months of 2015, Morgan Stanley research shows, taking advantage of ultra-low borrowing costs to prop up dividends, balance sheets and acquisition fund…
