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  • Global default rates on the decline
    The global speculative-grade corporate bond default rate has fallen for the fifteenth month in succession since the peak in January 2002, according to a Moody's report released today. Default rates fell to 6.1% in June, falling from 6.5% in May. The peak, in January 2002, stood at 10.9%.
    July 08, 2003
  • E-check payments to double in 2003
    The number of e-check payments is due to reach the one billion mark in 2003, according to research from the Electronic Payments Association (NACHA).This would double the figures seen in 2002.
    July 07, 2003
  • Liberty Media to buy QVC
    Liberty Media has agreed a deal worth $7.9 billion to buy Comcast's majority stake in QVC, the home-shopping network.
    July 04, 2003
  • IPO's seen as the last financing option
    IPO's are the final option for cash-starved corporates who have failed to raise capital elsewhere, concludes a study by the Association of Chartered Certified Accountants (ACCA).
    July 02, 2003
  • maruti.jpg
    Maruti privatization cheers Indian market
    Indian privatisation got the thumbs-up from the capital markets when investors bid over 10 times the number of government shares offered for sale in Maruti, India's biggest car-maker now controlled by Suzuki Motors.
    Kala Rao, July 01, 2003
  • Thailand
    Best bank - Bangkok Bank
    July 01, 2003
  • Spain
    Best bank - Banco Popular
    July 01, 2003
  • BA’s credit rating cut to junk
    British Airways' credit rating has been cut to junk status by Standard & Poors.
    July 01, 2003
  • Asia
    Best bank
    Chris Cockerill, July 01, 2003
  • Bahrain
    Best bank - National Bank of Bahrain
    July 01, 2003
  • Middle East
    Best bank - HSBC
    July 01, 2003
  • United Arab Emirates
    Best bank - Mashreq Bank
    July 01, 2003
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