IBT Staff Reporter

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Maple Group adds partners to TMX group bid

A group of Canadian banks and pension funds mounting a hostile bid for the TMX Group said on Sunday they have added more partners to the effort to top a rival offer from the London Stock Exchange Group .

Banks warm to role in Greek bailout

Germany's bank association on Saturday backed government proposals to get private creditors involved in the cost of a second bailout for Greece, although it was not clear if the banks favoured a controversial bond swap. favored Berlin is pushing hard for commercial banks to contribute to the cost of the estimated 120 billion euro ($172 billion) deal, but has not yet convinced the European Cent...

Air France urged to back Airbus in plane order

French parliamentarians have launched a petition calling on Air France-KLM to place a $20-25 billion plane order with Airbus and not Boeing -- but airline officials said they would split the order.

Prada IPO five times subscribed: source

Italian fashion house Prada, which is seeking to raise up to $2.6 billion through a Hong Kong IPO, has generated five times demand for its offer, a source familiar with the matter told Reuters on Sunday.

Prada IPO five time subscribed: source

Italian fashion house Prada, which is seeking to raise up to $2.6 billion through a Hong Kong IPO, has generated five times demand for its offer, a source familiar with the matter told Reuters on Sunday.

Dubai cancelled over 200 property projects: prospectus

Dubai's real estate watchdog canceled as many as 217 registered property projects over the past two years after the burst of the property and asset bubble, according to information in a prospectus for Dubai's planned bond issue.

Volcanic ash cloud extends flight cut

Some of the flights cancelled on June 9, eight days after a Chilean volcano started erupting , have still been held in abeyance due to ash cloud created by a volcanic eruption.

China inflation may top 6 percent in June: expert

China's inflation rate may accelerate to more than 6 percent year-on-year in June, which could bring the full-year consumer price index for 2011 to as high as 5 percent, a government researcher said in remarks reported on Sunday.

Architect of US Embassy Bombings Killed

Fazul Abdullah Mohammed, the planner of the U.S. embassy attacks in Tanzania and Kenya in 1998 was killed last Tuesday at a police checkpoint, Somali authorities said Saturday.

Israel's Fischer challenges Lagarde for IMF head

Bank of Israel Governor and former IMF deputy chief Stanley Fischer said on Saturday he would run for the top job at the International Monetary Fund, presenting a new challenge to front-runner Christine Lagarde.

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