The Bank of Japan has carried out an auction to provide dollar funds, its first such operation, in an attempt to ease pressure on money markets.
The move came after the BOJ joined five other central banks in the coordinated action announced last week to provide up to $180 billion to interbank markets around the world, […]

Japan’s Nomura Holdings has reached a deal to buy the Asian operations of Lehman Brothers.
Lehman Brothers filed for bankruptcy protection last week after collapsing from exposure to subprime mortgage securities.
British Bank Barclays struck a $1.75 billion deal to rescue Lehman’s core U.S. investment banking business, and signaled it might do the same for […]

Lehman Brothers has canceled a planned auction of an $852 million portfolio of leveraged loans.

The CtW Investment Group sent the following letter today to Dr. Mary S. Metz, the Chairperson of Longs’ Governance and Nominating Committee. The CtW Investment Group urges the Longs board to establish a special committee of independent directors to conduct an auction for the company. The Group argues that Walgreens’ offer of $75 a share, […]

Lehman Brothers is offering to sell $852 million of high-yield, high-risk loans, after filing for bankruptcy.
New York-based Lehman, which failed to find a buyer as its share price tumbled, has $7.1 billion of high-yield loans and bonds on its books, the bank said on Sept. 10.

ChinaTel Group, Inc. has announced that it plans to participate in an upcoming auction to bid for wireless 2.5GHz spectrum licensing for the country of Peru. This move is part of ChinaTel’s worldwide strategic plan to acquire and/or operate WiMAX networks in key markets throughout the world.
The Agencia de Promoción de la Inversión Privada (ProInversión) […]

State energy company Perupetro auctioned off 17 new oil contracts Wednesday that the government expects will bring US$850 million in new investments for oil and gas exploration.
Perupetro general manager Ronald Egusquiza said the government projects about US$13.3 billion will be invested in oil and gas exploration and extraction in Peru between 2006 and 2015.

US bank Lehman Brothers has reported a third quarter net loss of $3.9bn.
Lehman plans to auction a majority stake in its Neuberger Berman investment business.
Struggling to shore up its weak financial position, it slashed its dividend and announced radical restructuring plans including selling a majority stake in its lucrative fund management arm.
On Tuesday, Lehman’s […]

Brazil will hold two auctions of onshore oilfields in December, Mines and Energy Minister Edison Lobao said Wednesday.
The government plans to auction 171 blocks in Round 10 on Dec. 18, Lobao said. The country’s national petroleum agency, known as ANP, will sell another 13 onshore fields as part of the third round of mature fields […]

Deutsche Post are considering the future of its banking subsidiary Postbank, a press report said Tuesday as sector consolidation shifted up a gear.
Deutsche Post’s supervisory board is to meet on September 12, the business daily Handelsblatt reported.
Deutsche Post owns 50 percent plus one share of Postbank, but has made it known that it would like […]