Monthly Archives: March 2015

R.B.S. Agrees to Sell International Arm of Coutts Private Banking Unit

The Royal Bank of Scotland said on Friday that it had agreed to sell the international operations of its Coutts & Company private banking business to the Swiss private bank Union Bancaire Privée. The deal is expected to significantly expand … Continue reading

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China to Delay Some Bank Technology Rules

China has agreed to delay implementation of some bank technology rules that have lead to heavy lobbying from the U.S. government and technology companies. The guidelines, which took effect this month, require banks to purchase “safe and controllable” technology products. … Continue reading

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BlackBerry Surprises with Quarterly Profit

BlackBerry’s plan to revive earnings remains on track, even though revenues in the last quarter fell 32%, well below expectations. The company’s turnaround strategy involves stemming losses by cutting costs and outsourcing device manufacturing, and increasing software sales through security … Continue reading

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Investors Buying Corporate Bonds at Record Pace

To finance big acquisitions, companies have tapped into the credit market, with investment grade and junk-rated companies selling $438 billion combined in new bonds this year as of Tuesday. The record deal volume displays how investors are willing to bet … Continue reading

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US Jobless Claims Fall to 282,000

For the week ending March 21st, the Labor Department reported that initial jobless claims dropped approximately 3.09% to 282,000 down from 291,000 the prior week and came in lower than the surveyed Economists’ expectations by 8,000. The initial jobless claims … Continue reading

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Dufry AG to Buy World Duty Free SpA

In a deal that values Italy’s World Duty Free SpA at 3.6 billion euros ($3.9b) inclusive of debt, Dufry AG Swiss airport retailer has agreed to buy a majority stake in the Italian airport retailer. The firm has agreed to … Continue reading

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GoDaddy Set to IPO This Week

GoDaddy, an internet domain and web hosting company is looking to raise $480.7 million in equity capital as the company is set to go public this week. GoDaddy will offer 22 million shares at an expected range of $17 to $19 … Continue reading

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