American International Group (AIG) has agreed to terminate an interest rate swap agreement with Brookfield Asset Management in exchange for a payment of $905m. The agreement was part of the remaining derivatives portfolio of AIG Financial ...
Tags: Brookfield, AIG
The weighted average interest rate of the inter-bank lending market was 3.54% this July, down 3.04 percentage points over a month earlier and up .76 percentage points over the same period of the previous year. The weighted average ...
Tags: bank, economy, inter-bank lending
al Chinese financial search platform Rong360.com received USD 30 million in its second round of financing recently. Ye Daqing, CEO of it, said in an interview on August 2 that it had completed its second round of financing and the ...
me foreign banks will continue fueling expansion in the Chinese mainland in the second half of this year despite that they experienced a profit fall there in the first half of the year. Foreign banks released financial results for the ...
Optoelectronic chip and module maker JDSU of Milpitas, CA, USA has announced that, subject to market and other conditions, it plans to offer up to $575m principal amount of its senior convertible debentures due 2033 through a private ...
Tags: Electrical, Electronics, Optoelectronic chip
Easyhome, Canada's largest merchandise leasing company, said a 9.9% uptick in revenue for the second quarter, driven primarily by its Easyfinancial short term consumer loan portfolio, set a new record. Revenues of C$53.8 million were up ...
Tags: Furniture, Furnishing
The Uganda Development Bank (UDB) has embarked on a loaning scheme to cotton farmers in the Eastern and Northern parts of Uganda. The bank has taken the initiative in order to revive the production of cotton in the country, which has ...
Tags: Cotton Farmers
Median home prices continued to rise in the majority of metropolitan areas in the second quarter, with the national year-over-year price showing the strongest gain in seven-and-a-half years, according to the latest quarterly report by the ...
Tags: Construction, Decoration
Business confidence levels are showing signs of stabilising, with the year-end outlook for profits, sales, employment and capital investment beginning to level out. After declining through much of the year, initial expectations for the ...
Carter’s, Inc. announced that its wholly-owned subsidiary The William Carter Company intends to commence an offering of $400,000,000 aggregate principal amount of Senior Notes due 2021, subject to market and other conditions. The ...
Tags: Carter, interest rate
Dr. A Sakthivel, Chairman AEPC, releasing the data on the apparel exports for the month of June stated that, “Apparel exports were to the tune of US D 1240 million in June 2013-14 with increase of 12.13 per cent against the ...
Tags: Indian Garment
Oil prices advanced on Wednesday after a report showed that U.S. economic growth was higher than expected in the second quarter of the year. The U.S. real gross domestic product (GDP) increased at an annual rate of 1.7 percent in the ...
Tags: Oil Prices, Economic Data
Dr A Sakthivel, Chairman AEPC has written to Union Finance Minister, Shri P Chidambaram, on the demand of Garment Exports to give separate chapter for interest rates in export sector. In his letter Chairman AEPC wrote, “Reserve Bank ...
Tags: Export Sector, AEPC
Recently, Seoul, the capital of South Korean, has announced the plan to install more LED lighting in public places, and encourage private sectors to further expand the scope of installation. All municipal government offices and public ...
Tags: LED Lights, Lighting
A forthcoming audit of overall government debt in China is expected to reveal the status quo of growing government debt and its potential risks amid the country's economic slowdown. The planned nationwide audit follows a previous one ...
Tags: Gov't Debt