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London's Lobbyists Prepare to Return Fire

Hedge fund regulations, a tax on financial markets, a ban on naked short selling. The EU's bid to rein in the speculators has the financial industry up in arms. Lobbyists are already preparing to systematically attack the new proposals, Spiegel Onli ...

Resource Article - global.abi.org - 05/26/2010 - 08:16 - 0 comments - 0 attachments

Canwest Newspapers’ Bankruptcy Extended to June 30

Canwest Global Communications Corp.’s insolvent newspaper division won an extension of bankruptcy protection until June 30 to let it complete an auction for the publications, BusinessWeek reported on a Bloomberg story. Ontario Superior Court Judge Sa ...

Daily Headline - global.abi.org - 04/13/2010 - 08:24 - 0 comments

U.K. Court Lifts Freeze On Rosneft In Yukos Legal Battle

Top Russian oil producer OAO Rosneft said a U.K. court lifted an order freezing GBP425 million ($648 million) of its assets, the latest twist in a legal battle with an affiliate of bankrupt Russian oil giant Yukos, Dow Jones Daily Bankruptcy Review repor ...

Daily Headline - global.abi.org - 04/12/2010 - 10:44 - 0 comments

Moulton in Reader's Digest Deal

The UK subsidiary of the Reader's Digest magazine has been bought out of administration by Better Capital, Jon Moulton's new turnround private equity group, the Financial Times reported. The £13m deal is Mr Moulton's second investment ...

Daily Headline - global.abi.org - 04/12/2010 - 10:43 - 0 comments

Germany Cools to EU Unity, Turning Inward

Germany's tough conditions for any aid for Greece, which other euro-zone countries were forced to swallow at a European Union leaders' summit last week, signal a broader division that threatens to hamper Europe's ambitions as a global powe ...

Daily Headline - global.abi.org - 03/30/2010 - 11:05 - 0 comments

Dubai World May Ask Creditors To Extend Payment Over 8 Years

Dubai World may ask creditors for five to eight years to repay its $22 billion in debt as part of a restructuring proposal that could come as early as this week, people close to the matter say, Dow Jones Daily Bankruptcy Review reported. The Emirates con ...

Daily Headline - global.abi.org - 03/24/2010 - 08:51 - 0 comments

Deutsche Bank, JPMorgan, UBS Are Charged With Derivatives Fraud

Deutsche Bank AG, JPMorgan Chase & Co., UBS AG and Hypo Real Estate Holding AG’s Depfa Bank Plc unit were charged with fraud linked to the sale of derivatives to the City of Milan, Bloomberg reported. Judge Simone Luerti scheduled the trial of the fo ...

Daily Headline - global.abi.org - 03/17/2010 - 10:36 - 0 comments

High Court: Portsmouth Administration Valid

A High Court judge has ruled that Portsmouth's administration is valid and has suspended the winding-up petition placed on the club by HM Revenue & Customs, ESPN reported. The Inland Revenue appeared before the Royal Courts of Justice in London ...

Daily Headline - global.abi.org - 03/17/2010 - 10:35 - 0 comments

Naked Swaps Crackdown in Europe Rings Hollow Without Washington

European politicians and regulators could initiate a continent-wide ban on speculative trading of sovereign credit-default swaps tomorrow. Making it stick without the Americans won’t work, BusinessWeek reported on a Bloomberg story. New York and Lond ...

Daily Headline - global.abi.org - 03/11/2010 - 09:45 - 0 comments

Brown Asked To Step In As Voters Reject Bank Deal

The president of Iceland has urged Gordon Brown, UK prime minister, to take personal responsibility for settling the dispute over €3.9bn lost by British and Dutch savers in the Icesave bank after Icelandic voters overwhelmingly rejected a deal to repay t ...

Daily Headline - global.abi.org - 03/10/2010 - 11:09 - 0 comments

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