The first Swiss banks have signaled their readiness to work with U.S. officials in a crackdown on wealthy Americans evading taxes.» Read More
ZURICH, Nov 24- Swiss voters rejected a proposal on Sunday to cap the salaries of top executives at 12 times that of a company's lowest wage, heeding warnings from industry leaders that the measure could harm the country's economy.
HONG KONG, Nov 24- A group of 10 investors, including Norway's sovereign wealth fund and Och-Ziff Capital Management Group LLC, have together committed to buy about $1.1 billion into China Cinda Asset Management Corp as part of its Hong Kong IPO, people familiar with the matter said on Sunday.
Nov 22- Shares of 500. com Ltd and Sungy Mobile Ltd, surged in their U.S. debuts on Friday, as investors bet on Chinese technology companies backed by marquee underwriters. Deutsche Bank led the offering of online sports-lottery operator 500. com, while Credit Suisse and JP Morgan were the lead underwriters for the IPO of mobile applications maker Sungy Mobile.
Nov 22- Shares of two Chinese companies, 500. com Ltd and Sungy Mobile Ltd, surged in their U.S. debuts on Friday, as investors bet on China- based technology companies backed by marquee underwriters.
District Judge Alvin Hellerstein in Manhattan also ordered Serageldin to pay a fine of $150,000. Prosecutors accused Serageldin, 40, of conspiring with other Credit Suisse employees working for him to mis-mark the values of subprime mortgage-backed bonds between August 2007 and February 2008, when housing and credit conditions were worsening.
Switzerland's chief executives await with bated breath a vote on Sunday to determine whether their monthly pay packets should be capped.
*Investors focus on Iran talks, little hope of breakthrough. Iran and six global powers struggled on Friday to overcome stumbling blocks holding up an interim deal under which Tehran would restrain its contested nuclear programme in exchange for some relief from punitive sanctions.
SINGAPORE, Nov 22- The planned sale of Societe Generale's Asian private bank, for which final bids are due next week, underscores how high costs are pushing smaller players in the region to make hard decisions on whether to bulk up and or get out of the business.
HONG KONG, Nov 22- Oaktree Capital Group LLC, the world's largest distressed debt investor, is among a group of firms buying shares of China Cinda Asset Management Corp as part of its up to $2.5 billion initial public offering, sources said on Friday.
SINGAPORE, Nov 22- The yen fell to a four-month low versus the dollar on Friday, with the low-yielding Japanese currency pressured by signs of improving risk appetite and contrasting outlooks for monetary policy.
DUESSELDORF, Germany, Nov 21- In the digital age, pen and paper are useful tools for intrigue. In 2007, Sina Lapour, an assistant to a private banker at Credit Suisse, hand-copied the names of potential tax evaders listed on two of the firm's internal computer systems. The information led to police raids in 2010 on Credit Suisse's main offices in Germany.
*Cinda to offer shares in HK $3.00 to HK $3.58 range. HONG KONG, Nov 21- China Cinda Asset Management Corp, one of the country's four bad loan managers, plans to raise as much as $2.5 billion in its Hong Kong initial public offering, IFR reported on Thursday, citing sources familiar with the deal.
*YST Dairy to use proceeds to build five new dairy farms. The year is shaping up to be the busiest ever for both M&A and equity issuance in the Asia ex- Japan region, according to Thomson Reuters data, as investors bet on booming demand in China.
*Vodafone, Samsung Electronics among firms to flag uplift. LONDON, Nov 20- Industrial and technology firms are among those expected to ramp up spending on buildings, IT systems and other equipment in 2014 after years of underinvestment, sending stock markets higher. But Vodafone and South Korean firm Samsung Electronics Co Ltd are among those expected to spend.
Nov 19- Best Buy Co is cutting prices for the holiday season to thwart fierce competition from Wal-Mart and other discount and online rivals, a move that it warns will hurt margins for the current quarter.
*IPO seen raising more than $1 billion. *Sberbank, Goldman likely to work on deal- sources. MOSCOW/ DUESSELDORF, Nov 19- Europe's fourth-biggest retailer Metro AG is considering a stock market listing of a minority stake in its Russian unit to help fund its expansion, the company said on Tuesday, confirming an earlier Reuters story.
*IPO seen raising more than $1 billion. MOSCOW/ DUESSELDORF, Nov 19- Europe's fourth biggest retailer Metro AG is talking to banks about an initial public offering of its Russian unit, sources told Reuters on Tuesday, as it restructures its portfolio to cut its 6.3 billion euros in net debt.
ZURICH, Nov 19- Switzerland will vote on Sunday on whether to limit the salaries of top executives so they don't earn more in a month than the lowest paid workers earn in a year, a move that could mean big pay cuts for business leaders earning millions.
Editor: Malcolm Davidson +44 20 7542 6958. BRUSSELS/ FRANKFURT- A leading international think-tank urged the European Central Bank to loosen the purse strings further and buy euro zone government and corporate bonds to accelerate a weak recovery. Credit Suisse private bank co-heads confident of growth.
BEIJING, Nov 19- China's annual economic growth is likely to accelerate to 8.2 percent in 2014 from an expected 7.7 percent this year, driven by stronger domestic demand, the OECD said on Tuesday.