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Chinese Steelmakers Eyes on Overseas Markets
Nov 10, 2014Although dwindling domestic demand and excess capacity have shrunk profit margins for most Chinese steelmakers, it has inspired some to tap overseas markets for sustained, long-term growth. Hebei Iron &Steel Co, China's second-largest ...
Tags: Chinese Steelmakers, Iron, Steel
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ING Agreed to Dispose of Its 36.5% % Stake in Brazilian Joint Venture SulaméRica
Mar 5, 2013Dutch financial conglomerate ING has agreed to dispose of its 36.5% % stake in Brazilian joint venture (JV) SulAmérica, to its partner Larragoiti Family, for an undisclosed sum. Without revealing further terms of the agreement, the ...
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ING Disposed of Its Underwriting Businesses in Hong Kong, Macau and Thailand
Mar 4, 2013Dutch insurer ING has disposed of its underwriting businesses in Hong Kong, Macau and Thailand to Pacific Century Group (PCG), for a combined consideration of €1.64bn ($2.14bn) in cash. ING insurance operations in Hong Kong and Macau ...
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GM Has Announced to Buy Back 200 Million Shares of Its Stock Currently Held by The Us
Dec 10, 2012General Motors has announced a plan to buy back 200 million shares of its stock currently held by the US government,purchased as part of a US$49.5 billion government bailout undertaken in the wake of the 2007-2008 global financial crisis. ...
Tags: GM, buy back US government bailout stock, Dan Akerson, stock buyback
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AIG Has Reported a Net Income of $3.2bn
Dec 6, 2012American International Group (AIG) has reported a net income of $3.2bn, or $1.71 diluted earnings per share, for the first quarter of 2012, compared to $485m, or $0.31 diluted earnings per share, for the same period in 2011. AIG's ...
Tags: American International Group, net income, property insurance
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Bids Will Be Accepted by The Federal Bank for Securities in Collateralized Debt Obligation
Dec 3, 2012The Federal Reserve Bank of New York is all set to dispose more than $7bn in face value of “toxic” securities related to the government bailout of American International Group (AIG). The central bank of the US has planned to ...
Tags: NY Fed, face value, government bailout, insurance, AIG