06/08/2012

Investcorp seeks $500 mln-plus refinancing - sources

The firm has done some high-profile deals in the past, including flotations of luxury brands Gucci and Tiffany & Co, but like other private equity houses in the region has been hit by unfavourable global market conditions.

06/08/2012

Qatar's QIIB mulls sale of Islamic Bank of Britain

IBB confirmed it had received an approach by QIIB, which currently owns a controlling 88.41-percent stake, to take over the remaining shares with a view to a possible sale as it considers the strategic future of the UK bank.

06/06/2012

Gold's tarnished safe haven status gets a polish

The dollar, US Treasuries and German Bunds have been the safe havens of choice in recent months, while gold has moved in tandem with riskier assets that are under increasing pressure from the euro zone crisis.

06/04/2012

Ex-UBS CEO wants SNB to quit FX cap

The Swiss National Bank's franc cap of 1.20 per euro should go sooner rather than later to shield the economy, the former head of bank UBS said, while some Swiss parliamentarians called for capital controls to forestall an influx of safe-have flows f

05/30/2012

China's ICBC wants to be major bullion market maker

The world's biggest bank by market value, ICBC is the top player by volume on China's gold and futures exchanges, but its participation in foreign markets is limited to over-the-counter trading, which reached a total $90 billion last year.