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German hedge fund manager Florian Homm, who had been a fugitive for more than five years, was arrested in Italy on U.S. fraud charges, according to a statement from the U.S. attorney's office in Los Angeles. » Read More |
When the Treasury secretary nominee was chief operating officer of Citigroup's Alternative Investments unit, the bank had over a hundred subsidiaries based in the Cayman Islands. » Read More |
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BERLIN, April 5- German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands of holders of bank accounts in tax havens had been leaked because it would help do away with a business model that Cyprus had shown was flawed.
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Switzerland, Luxembourg, Malta and the Caymans are reminding those shaken by events in Cyprus that they remain open for business.
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VODAFONE LINES UP $135 BLN EXIT FROM AMERICA Vodafone has held talks with U.S. partner Verizon. over the sale of its 45 percent stake in the mobile phone operator that could see Britain's second biggest company leave America and bank $135 billion.
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*Plans to change its name to FIH Mobile Ltd. HONG KONG, March 21- Foxconn International Holdings Ltd, the world's biggest contract maker of cellphones, fell into the red in 2012 with a net loss of $316.4 million due to weak orders from some of its major customers.
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By Charlie Zhu and Umesh Desai. WUXI, China/ HONG KONG, March 21- The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out China's biggest solar panel maker to stave off its collapse, a person with knowledge of the matter told Reuters on Thursday.
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WUXI, China/ HONG KONG, March 21- The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out the Chinese solar panel maker to avoid a collapse of one of the country's biggest corporates, a person with knowledge of the matter told Reuters on Thursday.
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WUXI, China/ HONG KONG, March 21- The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out the Chinese solar panel maker to avoid an embarrassing corporate collapse, a person with knowledge of the matter told Reuters on Thursday.
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By Charlie Zhu and Umesh Desai. WUXI, China/ HONG KONG, March 21- The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out the Chinese solar panel maker to avoid an embarrassing corporate collapse, a person with knowledge of the matter told Reuters on Thursday.
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By Charlie Zhu and Umesh Desai. WUXI, China/ HONG KONG, March 21- The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out China's biggest solar panel maker to stave off its collapse, a person with knowledge of the matter told Reuters on Thursday.
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BEIJING/ BANGALORE, March 20- A group of Suntech Power Holdings Co Ltd lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing's support for the struggling industry is waning.
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BEIJING/ BANGALORE, March 20- A group of Suntech Power Holdings Co Ltd lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing's support for the struggling industry is waning.
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*Lenders file petition for insolvency of Wuxi Suntech* Wuxi Suntech will not file objection against petition* Solar panel makers hit by overcapacity, trade dispute* Move could signal China's support for industry waning By Sui-Lee Wee and Swetha Gopinath.
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*Move could signal China's support for industry waning. BEIJING/ BANGALORE, March 20- A group of lenders has filed a petition for the main subsidiary of China- based solar panel maker Suntech Power Holdings to be declared insolvent, a sign the country's support for the loss-making industry may be waning.
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*Tingyi shares outpaced benchmark before results statement. HONG KONG, March 18- China's Tingyi Holding Corp, a maker of drinks and instant noodles, said fourth-quarter profit slid 75 percent as consumers shied away from its Japanese-style packaging and marketing amid a territorial row between the two countries.
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March 15- Carnival Corp& Plc said on Friday said that its Carnival Legend ship, on the last leg of a seven-day Caribbean cruise, was having technical difficulties that were affecting its sailing speed. The problem prompted Carnival to cancel a scheduled stop on Friday on Grand Cayman, Cayman Islands.
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*Cuts earnings forecast to $1.80- $2.10/ shr vs $2.20- $2.40. March 15- Carnival Corp, the world's largest cruise operator, swung to a quarterly profit on Friday but posted lower revenue per cabin and cut its profit and revenue forecast for the year, citing weakness in Europe and pricing promotions.
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March 15- Carnival Corp& Plc said on Friday said that its Carnival Legend ship, on the last leg of a seven-day Caribbean cruise, was having technical difficulties that were affecting its sailing speed. The problem prompted Carnival to cancel a scheduled stop on Friday on Grand Cayman, Cayman Islands.
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*Trims earnings forecast to $1.80- $2.10/ shr vs $2.20- $2.40. March 15- Cruise operator Carnival Corp, grappling with a series of recent headline-grabbing mishaps involving its ships, said on Friday it returned to profitability in the latest quarter but cut its revenue and profit forecast for the year.
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HONG KONG, March 12- Cash-strapped Chinese solar panel maker Suntech Power Holdings Co Ltd is likely to be bailed out by the state, despite a temporary reprieve from some debt holders, as it struggles to cover a $541 million convertible bond due within days.
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German hedge fund manager Florian Homm, who had been a fugitive for more than five years, was arrested in Italy on U.S. fraud charges, according to a statement from the U.S. attorney's office in Los Angeles.