Feb. 24 (Bloomberg) — Ranbaxy Laboratories Ltd., India’s largest drugmaker, reported its biggest ever quarterly loss after the company took a $500 million charge to settle a legal dispute with U.S. authorities in December. The loss widened to 29.8 billion rupees ($606 million) in the fourth quarter, from 974.8 million rupees a year earlier, Ranbaxy [...]
Feb. 7 (Bloomberg) — UBS AG, Switzerland’s biggest bank, said fourth-quarter profit dropped 76 percent after its investment bank reported a second consecutive quarterly loss. Net income fell to 393 million Swiss francs ($427 million) from 1.66 billion francs in the year-earlier period, the Zurich- based bank said in a statement today. Earnings missed the [...]
Feb. 7 (Bloomberg) — Glencore International Plc, the world’s largest publicly traded commodities supplier, agreed to buy Xstrata Plc for 39.1 billion pounds ($62 billion) in the biggest mining takeover. Glencore, which has 34 percent of Xstrata, offered 2.8 new shares for each Xstrata share in an agreed all-share “merger of equals,” the companies said [...]
Dec. 14 (Bloomberg) — The euro traded 0.1 percent from an 11-month low as European nations prepare to sell bonds amid concern the region’s debt crisis is far from resolution. The dollar gained against most of its 16 major counterparts after the Federal Reserve said the U.S. economy is maintaining its expansion and refrained from [...]
Dec. 6 (Bloomberg) — Norway is planning to step up its issuance of government bonds after disrupting credit markets as far as Japan with an uncoordinated decision last month to wind down state-backed Eksportfinans ASA. The government wants to find an extra 40 billion kroner ($6.9 billion) next year to fund direct loans to exporters, [...]
Dec. 5 (Bloomberg) — As many as 20 Chinese companies plan initial public offerings in Hong Kong by year-end and more non- state businesses are preparing to follow government-owned peers to seek listings, an executive of the city’s exchange said. While about 110 companies are seeking approval to list their shares and about 40 have [...]