Newstin - HSH Nordbank

Asset Markdown Hits Equity Firm

Mon, 06 Oct 2008 04:00:00 GMT

J. Christopher Flowers has carved out a reputation as a deft turnaround artist of struggling financial institutions. He now must apply those skills to his own firm, private-equity shop J.C. Flowers & Co. On Friday, Mr. Flowers...

Depeche Mode announce 2009 European tour

Mon, 06 Oct 2008 11:58:27 GMT

Jaunt will include a date at London 02 Arena have announced details of the European leg of their forthcoming world tour. The electro-rock veterans will kick off the tour in Israel on May 10, before playing a date at London's 02...

German Group Tops NOL's Bid

Thu, 02 Oct 2008 23:12:00 GMT

A Hamburg consortium has topped Neptune Orient Lines' takeover offer for German container shipper Hapag-Lloyd, two people familiar with the situation said Thursday. "The Hamburg consortium's bid is around $5.5 billion, and...

Banking crisis hits Germany with full force

Thu, 02 Oct 2008 04:15:33 GMT

By Peter Schwarz 2 October 2008 For the past 10 years, all of the cuts made in the public services have been justified with the argument that it was necessary to balance the German federal budget by the year 2011. Now, Finance...

UPDATE 1-Singapore's NOL says made binding bid for Hapag-Lloyd

Mon, 29 Sep 2008 00:00:07 GMT

SINGAPORE, Sept 29 (Reuters) - Singapore's Neptune Orient Lines said on Monday it has submitted a binding bid to acquire the Hapag-Lloyd container shipping business but declined to provide details of its bid. It said it...

German bank describes rush to rescue money - Summary

Wed, 24 Sep 2008 17:11:56 GMT

Berlin - The head of a German public bank, KfW, has described how staff frantically snatched 20 billion euros' worth of planned swaps away from Lehman Brothers on Monday last week, the day the US investment bank failed....

Singapore Hot Stocks - NOL in focus on capacity concerns

Thu, 25 Sep 2008 01:26:32 GMT

SINGAPORE, Sept 25 (Reuters) - Shares of Neptune Orient Lines may be in focus on Thursday after a company official said there was severe overcapacity in Asia-Europe routes and called on shipping firms to reduce...

HSH Nordbank announces $736M in write-offs

Tue, 23 Sep 2008 19:27:57 GMT

BERLIN - Germany's HSH Nordbank will post write-offs of 500 million euros ($736 million) in the third quarter because of exposure to the U.S. financial crisis, a bank spokesman said Tuesday. Bernhard Blohm, a spokesman...

BOMBARDIER TRANSPORTATION and Railpool: Bombardier Transportation Wins Contracts From Railpool to...

Mon, 22 Sep 2008 13:45:00 GMT

BERLIN, GERMANY (MARKET WIRE) Bombardier Transportation has won orders for the supply of 58 BOMBARDIER TRAXX locomotives from the leasing company Railpool. The two contracts overall amount to approximately 192 million...

The heavyweight investor with a ringside seat on Wall Street

Sun, 21 Sep 2008 23:37:55 GMT

Ravi Sinha, head of private equity firm JC Flowers in Europe, who tried to buy Northern Rock earlier this year, has spent much of the past few weeks in New York, in a ringside seat for some of the biggest shocks to the...