NEW YORK, May 16, 2013 /PRNewswire/ – Business Development Corporation of America (“BDCA” or the “Company”) announced today that it has increased its financing arrangement with Citibank, N.A (“Citi”) from $150.0 million to $200.0 million. The financing arrangement is structured as a total return swap (“TRS”), conducted through a wholly-owned special purpose subsidiary of BDCA (“TRS SUB”). Read More
OTTAWA (Reuters) – The Bank of Canada should raise interest rates now because five years of low rates are creating distortions in the economy, such as excessive debt and an overheated housing market, a former adviser to central bank Governor Mark Carney said on Wednesday. Read More
WUHAN, China, May 14, 2013 /PRNewswire-FirstCall/ – China Automotive Systems, Inc. (“CAAS” or the “Company”) (NASDAQ: CAAS), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the first quarter ended March 31, 2013. Read More
TSX drops as China data fuels resources dip
TORONTO (Reuters) – Canada’s main stock index declined on Monday after sluggish Chinese economic data hurt commodity prices and dampened enthusiasm for shares of materials and energy companies. China’s factory output growth was surprisingly feeble in April and fixed-asset investment slowed, rekindling concerns that the recovery is stalling.
Barclays wins dismissal of U.S. shareholder lawsuit over Libor Read More
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