- Location
bailout package
"-
11.3% Direct Stake Is Divested by ING in Sulamerica to Swiss Re
Nov 20, 2013Amsterdam-based financial services conglomerate ING has agreed to dispose of its 11.3% direct stake in Sul América, to Swiss Re Group, as part of its plans to further shrink its stake in the Brazilian insurer. As per the terms ...
-
ING Inked an Agreement with Seoul-Based Private Equity Firm MBK Partners
Aug 27, 2013Netherlands-based financial conglomerate ING has inked an agreement with Seoul-based private equity firm MBK Partners, to divest its South Korean insurance business, in a transaction valued at nearly KRW1.84trn (€1.24bn). Following ...
Tags: Insurance, MBK Partners
-
Hannover Re Is in Discussions to Acquire a Minority Stake in Lloyds Banking Group
Aug 22, 2013Germany-based reinsurance group Hannover Re is in discussions to acquire a minority stake in Lloyds Banking Group’s German arm, Heidelberger Leben, for approximately €100m ($133.5m). The sale of stake in Heidelberger Leben is ...
Tags: reinsurance, Hannover Re
-
Lloyds Banking Group Is Mulling to Divest Its German Insurance Business Heidelberger Leben
Aug 20, 2013Lloyds Banking Group, a 40% government-owned UK lender, is mulling to divest its German insurance business Heidelberger Leben to Frankfurt-listed insurer Hannover Re, in a transaction valued at approximately €400m ($533m). As part of ...
Tags: Lloyds Banking, Insurance
-
Dollar Opened Marginally Higher as The Cyprus Bailout Deadline Approaches
Mar 25, 2013THE dollar has opened marginally higher as the Cyprus bailout deadline approaches. At 7am AEDT, the Aussie was trading at $US1.0438, up slightly from Friday's local close of $US1.0426. During the weekend offshore session, the currency ...
Tags: economy
-
Dollar Held Ground Against Global Wave of Negativity Stemming From Cyprus
Mar 21, 2013The dollar has largely held its ground against a global wave of negativity stemming from Cyprus' rejection of a bank deposit levy. At 5pm AEDT, the currency was trading at $US1.0379, down slightly from $US1.038 yesterday. CMC markets ...
Tags: Dollar, Australian dollar, currency
-
Dollar Pushed Higher But Traders Remained on Whether Lawmakers in Cyprus Can Reach Deal
Mar 20, 2013The dollar pushed higher but the gaze of traders remained firmly on whether lawmakers in Cyprus can reach a deal on the proposed terms of an international bailout package. As part of a rescue package for Cyprus, European policymakers have ...
Tags: dollar, Aussie dollar, euros
-
Sharemarket Closed Lower for a Second Straight Day After Giving up Early Gains
Mar 20, 2013The sharemarket has closed lower for a second straight day after giving up early gains during afternoon trading. At 4.15pm AEDT, the benchmark S&P/ASX200 index was down 28 points, or 0.56 per cent, at 4987.4 points. The broader All ...
Tags: Stocks, sharemarket, benchmark
-
Sharemarket Continued Its Fall, Dropping Back Below 5000 Points
Mar 20, 2013The sharemarket continued its fall yesterday, dropping back below 5000 points even though European and US markets brushed off concerns that plans for a deposit tax in Cyprus could reignite the European debt crisis. The benchmark S&P/ASX ...
Tags: sharemarket, Stocks, European Debt
-
Dollar Edged Lower After Investors Reacted Negatively to Bailout Package for Cyprus
Mar 19, 2013The dollar edged lower after investors reacted negatively to an international bailout package for Cyprus that raised concerns about fresh upheaval in the eurozone. The eurozone has taken the unprecedented step of proposing a new levy on ...
Tags: Dollar, eurozone, risk assets
-
RBS Is Intending to Dispose of 15.3% Shares in Its Motor Insurance Startup
Mar 14, 2013The Royal Bank of Scotland Group (RBS) is intending to dispose of 15.3% shares in its motor insurance startup, to boost its capital base ahead of regulators’ deadline. Representing nearly 229.4 million shares, the share sale will be ...
Tags: RBS, shares, motor insurance startup
-
MetLife Is Planning to Refund Nearly $190m to AIG
Mar 1, 2013Life insurer MetLife is planning to refund nearly $190m to American International Group (AIG) following a victory by one of its units in legal proceedings filed in a Tokyo court. The American Life Insurance Co (Alico), which won the ...
Tags: MetLife, Life insurer, AIG
-
Pakistan's Privatization Commission Has Approved Withdrawal of The Review Petition Filed
Dec 28, 2012The Daily Times reported that Pakistan's Privatization Commission has approved withdrawal of the review petition filed against the Supreme Court's judgment,which annulled the privatization of Pakistan Steel Mills Corporation. Prayer was ...
Tags: Daily Times, Pakistan, PC, CCoR, PSMC
-
Pakistan Steel Mills Is Likely to Seek a Third Bailout Package of PKR 6 Billion
Dec 27, 2012According to the well informed sources,Pakistan Steel Mills is likely to seek a third bailout package of PKR 6 billion to pay interest on loans of two previous bailout packages. This proposal was discussed at a meeting of Board of ...
-
a Ship for Pakistan Steel Reached Port Qasim Pakistan Steel Jetty
Dec 20, 2012Pakistan Steel spokesman said that a ship carrying 55,000 tonnes of coal for Pakistan Steel reached Port Qasim Pakistan Steel Jetty after a long journey from Australia.The unloading of coal has been started through the 4.2 kilometer ...