News

Data breach confirmed by Citigroup

Citigroup said today that computer hackers may have gained access to data on hundreds of thousands of card customers in North America. An estimated one percent of customer accounts had been compromised but no actual numbers were given by the company. City Cards, which is one of the biggest credit card providers with over 21…

Data breach confirmed by Citigroup

Citigroup said today that computer hackers may have gained access to data on hundreds of thousands of card customers in North America. An estimated one percent of customer accounts had been compromised but no actual numbers were given by the company. City Cards, which is one of the biggest credit card providers with over 21…

How to Build a Mexico Real Estate Team

When buying Mexico real estate, you’ll probably be investing a significant amount – an amount you wouldn’t imagine investing in the stock market or another avenue of investment without the solid experience of a qualified professional behind you. This logic should also apply to a real estate purchase, especially in another country. Mexico has many…

No India assurance for Lagarde IMF bid

The finance minister of India, Pranab Mukherjee, said he offers “no assurance” that India will support French finance minister Christine Lagarde in her bid to become the head of the IMF. Lagarde met Mukherjee and India’s Prime Minister Manmohan Singh in Delhi as part of her tour to gain support for her bid within emerging…

No India assurance for Lagarde IMF bid

The finance minister of India, Pranab Mukherjee, said he offers “no assurance” that India will support French finance minister Christine Lagarde in her bid to become the head of the IMF. Lagarde met Mukherjee and India’s Prime Minister Manmohan Singh in Delhi as part of her tour to gain support for her bid within emerging…

Barclays to pay $2bn in to Lehman trustee

A New York court late on Monday rejected a renewed attempt by Barclays PLC to attain $4bn in assets linked with the sale of brokerage business Lehman Brothers Holdings. The judge reportedly called for the full amount to go to the trustee overseeing the Lehman Brothers’ liquidation. As part of the ruling Barclays is required…

Barclays to pay $2bn in to Lehman trustee

A New York court late on Monday rejected a renewed attempt by Barclays PLC to attain $4bn in assets linked with the sale of brokerage business Lehman Brothers Holdings. The judge reportedly called for the full amount to go to the trustee overseeing the Lehman Brothers’ liquidation. As part of the ruling Barclays is required…

Prada Hong Kong IPO may raise up to $2.6bn

Italian luxury fashion house Prada is looking to raise between $2bn- $2.6bn in a Hong Kong IPO, ahead of its June 24 listing on the Hong Kong stock exchange. The Milan –based company anticipates selling 423.28 million shares at an indicative cost range of between $4.69 and $6.17 each. Prada in a Hong Kong filing…

Groupon files for $750m IPO

Chicago-based Groupon, the daily deal website which last year rejected a $6bn buyout offer from Google, has filed with the SEC to raise $750m in an initial public offering, the company said on Friday. The IPO will be managed jointly by Morgan Stanley, Credit Suisse and Goldman Sachs, according to details of the filing. The filing specified…

Brazil needs more time to decide IMF candidacy

Brazil has welcomed the candidacy of Agustin Carsten, Mexico’s central bank chief, in his pursuit to become the next head of the Washington-based IMF but said it required more time to decide which candidate to support.  Brazil’s Finance Minister Guido Mantega however noted on Thursday: “Emerging economies are under-represented in the fund’s leadership, especially Latin…