Moving to reward Greece for its financial reforms, eurozone finance ministers agreed to support short-term debt relief for the country that includes an adjustment to the interest rate and an extension of the repayment period. […]
Issuance of collateralized loan obligations is unlikely to increase next year as risk-retention rules effective Dec. 24 force banks to hold 5% of the transaction, banks say. Banks expect volume of $50 billion to $70 […]
Finland’s Nokia is reportedly ready to return to the smartphone market next year with models produced with considerable input from Google. However, the phones will be made by another Finnish company, HMD Global, in cooperation […]
Italian Prime Minister Matteo Renzi announced his resignation after voters in a national referendum soundly rejected his proposed constitutional reforms. After Renzi’s announcement, the euro dropped to a 20-month low and European stock markets were […]
Financial-technology companies will be able to obtain a “special purpose charter” from the Office of the Comptroller of the Currency that allows them to operate nationally instead of meeting state-by-state rules. The charter also would […]
Nokia is collaborating with the United Arab Emirates General Civil Aviation Authority for developing an end-to-end ecosystem to support an unmanned aerial network. At the heart of the new system is Nokia’s (NYSE:NOK) UAV Traffic […]
The Financial Stability Board’s list of global systemically important banks places HSBC Holdings and Barclays in lower risk categories and raises the risk category for Citigroup, Wells Fargo and Bank of America. Citigroup and JPMorgan […]
While speaking at separate events Monday, Brazil’s finance minister and central bank president explained that fiscal reform is necessary to pull it out of its worst recession. With the economy forecast to shrink 3.4% this […]
China’s Anbang Insurance Group is negotiating to pay Blackstone Group as much as $2.3 billion for a portfolio of residential properties in Japan, people familiar with the matter said. The transaction would be the biggest […]
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