The U.S. funds led by New York billionaire Paul Singer's NML Capital Ltd. bought the bonds on the cheap after Argentina's 2001 default on more than $100 billion but are now demanding payment in full.» Read More
CAIRO, May 22- Days before a presidential election he seems certain to win, Abdel Fattah al-Sisi released a detailed, colour-coded rendering of "The Map of the Future", designed to reassure Egyptians he is serious about attracting investment in their battered economy.
Shares of the company, which operates Sears department stores and the Kmart discount chain, fell 7 percent in premarket trading. The retailer operated 1,980 Sears and Kmart stores in the United States as of February.
MOSCOW, May 22- Russian gold and silver miner Polymetal plans to increase output by a third in five years after signing a deal to buy a gold project in neighbouring Kazakhstan for $618.5 million, the company said on Thursday. Polymetal, part-owned by Russian tycoon Alexander Nesis, initially agreed to pay $318.5 million in cash and $300 million in new shares.
HONG KONG, May 22- China's No.2 e-commerce company, JD.com Inc., awarded CEO and founder Richard Liu a one-off share-based bonus of $591 million as the company prepared for its U.S.
China's No. 2 e-commerce company priced its American Depositary Shares at $19.00 each, above the $16 to $18 per ADS indicated range, valuing the company at more than $25 billion, according to its underwriters. JD.com, which has forged a close partnership with Alibaba arch-rival Tencent Holdings Ltd, will raise $1.31 billion from the sale of 69 million ADS.
HONG KONG, May 22- China's No.2 e-commerce company, JD.com Inc., awarded CEO and founder Richard Liu a one-off bonus as the company prepared for its U.S. The deal was priced at $19 per share, above the $16 to $18 per share marketing range for the IPO.
May 21- China's JD.com priced its IPO at $19 per share, exceeding the expected range and suggesting strong demand for Chinese e-commerce companies as larger rival Alibaba Group Holding Inc prepares its own highly anticipated U.S. debut.
MOSCOW, May 21- In 2010, a St. Petersburg businessman called Sergei Kolesnikov published an open letter to Dmitry Medvedev, who was then president of Russia while Vladimir Putin held the post of prime minister. Among other things, Kolesnikov claimed that a luxurious estate was being built near the Black Sea for the benefit of Putin.
May 20- Detroit's plan to deal with $18 billion of debt so it can exit municipal bankruptcy faces a crucial test on Wednesday, when a panel of Michigan state lawmakers votes on legislation, opposed by some conservatives, to provide state funding for the city.
MADRID, May 20- Billionaire industrialist Juan Miguel Villar Mir has been buying into Spain's battered property and wind power sectors, marking a change in domestic sentiment after a six-year crisis. The 82- year-old Villar Mir, the chairman of builder OHL and its private conglomerate parent Grupo Villar Mir, prospered abroad during the crisis.
*Army says declares martial law to restore stability. BANGKOK, May 20- Thailand's army declared martial law nationwide on Tuesday to restore order after six months of street protests that have left the country without a proper functioning government, but denied that it was staging a military coup.
NEW YORK, May 19- Billionaire investor Warren Buffett has a double life- as a cartoon character. In his " Secret Millionaires Club," an animated series online and on television, Buffett teaches a group of kids about financial literacy and entrepreneurship.
Now, AT&T Inc's planned $48.5 billion purchase of U.S. satellite provider DirecTV is severing a connection with Slim that goes back to 1990, and turning them into competitors.
SEOUL, May 19- South Korean steelmaker POSCO said on Monday it may consider selling a stake in its profitable trading and resources arm Daewoo International Corp as part of a restructuring plan aimed at shoring up its finances.
The center-right National Action Party, has been badly divided by an internal power struggle centering on how far the party should cooperate with Pena Nieto's Institutional Revolutionary Party, which lacks a majority in Congress.
MEXICO CITY, May 18- Mexico's biggest opposition party on Sunday holds a leadership election whose outcome could shape how quickly President Enrique Pena Nieto can pass pending legislation to open up the oil industry and increase competition in telecoms.
ZURICH, May 18- Credit Suisse Chief Executive Brady Dougan came under further pressure to resign on Sunday, with a key figure in Switzerland's largest party becoming the latest politician to call for a change in the bank's leadership over its role in helping rich Americans dodge tax.
*Abolition of language law handed Moscow ammunition. *Moscow long tried to get strong foothold in Ukraine. While Putin has presented separatist violence in eastern Ukraine as spontaneous, interviews with Ukrainian politicians and security sources with knowledge of Russian thinking suggest months of detailed planning by Moscow.
*Company valued at about $764 mln at day high of $10.76. May 16- U.S. online car shopping service TrueCar Inc, whose shares closed up 11 pct in their debut on the Nasdaq on Friday, has plans for expanding so consumers can compare prices on big-ticket items other than automobiles.
*Company valued at about $764 mln at the high of $10.76. May 16- Shares of TrueCar Inc, owner of car comparison website TrueCar.com, rose about 20 percent in their market debut, valuing the company at about $764 million.