By Sharanya Hrishikesh Fri May 18, 2012 6:19pm EDT (Reuters) – Intelsat Global Holdings S.A., the world’s biggest operator of satellite services, filed with U.S. regulators on Friday to raise up to $1.75 billion in an initial public offering of its common stock. The company filed for its IPO on a day Facebook Inc’s eagerly [...]
Sat May 19, 2012 4:01pm EDT (Reuters) – Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world’s No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the [...]
Sat May 19, 2012 8:13pm BST * State Department says activist, family en route to U.S. * Dramatic escape, stay in U.S. embassy caused diplomatic rift * Relatives remain in northeastern Chinese village By Maxim Duncan and Sui-Lee Wee BEIJING (Reuters) – China allowed a blind legal activist, Chen Guangcheng, to leave a hospital in [...]
17 May 2012 Last updated at 22:07 ET The H-2A rocket blasted off from Tanegashima Island in southern Japan Japan has completed its first successful commercial launch of a foreign-made satellite. The H-2A rocket blasted off from the space centre on Tanegashima Island in southern Japan at 1:39 am on Friday (16:39 GMT Thursday). The [...]
DIFC Investments, the investment arm of the company running Dubai’s financial free zones, has not sold software company SmartStream Technologies but the process is under way, the chief executive of the Investment Corporation of Dubai said on Friday. “No deal has been made yet. It is in the middle of the process,” Mohammed al-Shaibani told [...]
NEW YORK | Fri May 18, 2012 12:59pm EDT NEW YORK (Reuters) – Shares in social gaming company Zynga Inc (ZNGA.O), which generates the majority of its revenue from Facebook, were halted twice in volatile trading on Friday as the stock jumped around on the same day as Facebook Inc’s (FB.O) debut. Shares of Zynga [...]
WASHINGTON | Sat May 19, 2012 9:00am EDT WASHINGTON (Reuters) – President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. “We’ve got to finish the job of implementing this reform [...]
CAMP ROUND MEADOW, Maryland | Sat May 19, 2012 2:35pm BST CAMP ROUND MEADOW, Maryland (Reuters) – Leaders of the Group of Eight major economies are making progress on addressing the two biggest threats to their economies – the euro zone crisis and very high oil prices, British Prime Minister David Cameron said on Saturday. [...]
18 May 2012 Last updated at 00:00 ET China said 10,680 tonnes would be added to the quota on top of 10,546 tonnes initially issued China has allowed more companies to export rare earths, increasing the quotas set by the government, after they met environment standards. It has increased rare earth export quotas by 10,680 [...]
Al Hilal Bank and Mashreq said on Saturday they had closed a shari’ah fund facility to help finance a new indoor theme park in Dubai. Acting as the mandated lead arrangers, they said the funds had been raised for the Ilyas and Mustafa Galadari Group (IMG) but did not say how big the financing package [...]
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