Calyon, the investment-banking unit of Credit Agricole SA, is advising clients on “several” mergers or acquisitions in the Middle East where cash-rich companies consider taking advantage of lower asset prices. “I see a major push and a major development

Property development in Canada is unlikely to return to boom levels for at least four years, according to a federal housing agency. Residential property starts will plummet to 141,900 in 2009 compared with 211,056 in 2008 and several years of plus

Tyrolean Jet Services (TJS), an Executive Air Charter Operator established in Austria in 1978, has entered into a Joint Venture with Clear Sky, a company established and owned by MerchantBridge International Holdings, a privately-held investment and

The first-ever emerging market sector family of Exchange-Traded Funds (ETFs) has been set up by Emerging Global Advisors (EGA). The new Emerging Global Shares (EGS) family of ETFs is based on the Dow Jones Emerging Markets Sector Titans Indexes and is

China has taken yet another step to transform the yuan into the dominant global currency, a long-term initiative that could ultimately dethrone the dollar as the world’s top unit of exchange. In the last four months alone, China has signed currency swap

The end of the recession is in sight, according to a new survey of leading economists. While the economy is showing signs of stabilizing, the recovery will be more moderate than is typical following a severe downturn, said the National Association for

U.S. stocks appeared set for a mostly higher start Wednesday, as investors hoped to extend the previous sessions gains. At 7:05 a.m. ET, Dow Jones industrial average and S&P 500 futures were higher, while the Nasdaq 100 futures were lower. Futures

Some Bank of Japan board members said the central bank should consider more steps on corporate finance if needed, minutes of their April 30 policy review showed, but another member said the time may soon come to consider an exit strategy from

The European Central Bank (ECB) has neither ruled out further interest rate cuts nor set a floor for rates, Governing Council Member Erkki Liikanen was quoted on Wednesday as saying. He also said he did not favour the ECB setting a rate floor in the

British energy group Royal Dutch Shell on Wednesday unveiled a drastic overhaul of the companys structure but gave no details on potential job losses. The group said in a statement it would merge its exploration and production, gas and power, and oil

MALAYSIAS economy contracted 6.2 per cent in the first quarter from a year ago, weakening further from 0.1 per cent growth in the prior quarter, and the fall was more severe than the 4 per cent decline forecast in a Reuters poll. The data on gross

THE Malaysian stock market rally has reached a point where it may start to falter, says Maybank Investment Bank. "We believe this market rally has pushed valuations to the point where growth expectations have reached implausible levels. In fact,

A number of South Korean propylene producers have said they were prepared to continue selling increased quantities of the gas independently in the open market instead of term contract sales, if they cannot agree on a price formula with trading companies.