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Showing results for tags 'bailout'.
Found 8 results
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PSA Peugeot Citroen gets temporary approval for bailout by European Union
SYF77 posted a blog entry in MyAutoBlog
Ailing PSA Peugeot Citroen Group has just been granted temporary approval by the European Union for 1.2 billion euros (S$1.9 billion) of French-backed bonds. As part of the deal to obtain final approval, PSA will have to submit a restructuring plan within the next six months to show how the group and its bank unit (Banque PSA Finance) intend to return to profitability without state help. "Now one needs to know what the commission will ask in terms of restructuring for the group and this remains unclear," said Pierre Bergeron, a credit analyst at Societe Generale in Paris. The temporary approval will allow the bank to pay back this year's maturities of 500 and 750 million euros in July and September respectively. In early 2012, PSA Group and General Motors announced the creation of a global strategic alliance to co-develop engines and a global purchasing joint venture for the sourcing of components and other goods and services. The alliance is expected to contribute to cost savings for both car manufacturers. -
http://yawningbread.wordpress.com/2011/04/...illion-bailout/ it sounds logical and those who chase properties and believe it is a inflation hedge in sinkieland will be in for surprise if this turns out.
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This is as clear as it gets.... http://sgfrag.net/2009/01/20/calvin-and-ho...in-the-bailout/
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haha porn industry also need bailout. damn funny http://news.sg.msn.com/article.aspx?cp-documentid=2007340
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The U.S. Senate failed on Thursday night to reach a last-ditch compromise to bail out automakers, effectively killing any chance of congressional action this year. The $14 billion legislation officially died in the Senate late on Thursday after supporters failed to get enough support in a procedural vote. http://www.cnbc.com/id/28185890 More good times ahead......
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AIG staffs go for SPA after receiving bailout assistance. Heard this over radio this morning.
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will it trigger another round of financial crisis (e.g. insurance, ...) in SG?
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Oil spikes $25 a barrel on anxiety over US bailout Monday September 22, 2:24 pm ET Oil prices shoot up over $25 a barrel as anxiety over US bailout weighs on dollar NEW YORK (AP) -- Oil prices are spiking more than $25 a barrel as rising anxiety over the U.S. government's proposed bailout of the financial system batters the dollar and sends investors scrambling for safe-haven assets. Investors worried Monday that the mammoth $700 billion rescue proposal will dramatically ramp up U.S. borrowing, an inflationary move that sent the dollar sharply lower versus its rivals. Light, sweet crude for October delivery was up $25.45 to $130.00 on the New York Mercantile Exchange. Prepare for increase in oil price, can go and pump now before they do anything.
