JPMorgan, Morgan Stanley cool off Indian realty

According to experts, banks have found better arbitrage opportunities in dollar terms in mature economies with mortgage and leverage rather than take equity exposure on Indian real estate. At a......

The reality of Indian realty: More downs than ups

'Most real estate companies, were listed during the period of irrational exuberance. The sector at the time was at a peak after seeing steady growth over the last seven years. Hence, a correction......

Wachovia: $160 mn settlement with US govt

Wachovia Bank NA will pay $160 million to the US authorities to settle allegations related to its anti-money laundering compliance programme. Wachovia, which is part of financial services major......

Wells Fargo to do back office work for Wachovia

US-based lender India unit would execute some back-office work of Wachovia. Earlier, this work was outsourced to third parties, said a senior bank executive. Wachovia's global operations were taken......

Liverpool up for sale, new chairman appointed

English Premier League club Liverpool went up for sale on Friday after American owners Tom Hicks and George Gillett appointed Barclays Capital to find a buyer. Liverpool, English champions 18 times......

Barclays to oversee sale of Liverpool FC - source

The US owners of Premier British League Football team Liverpool are looking to sell the club and have appointed Barclays Capital to find a buyer, a source familiar with the matter said on Sunday.......

Liverpool FC refinancing deal sealed

Liverpool Football Club's American owners, Tom Hicks and George Gillett, are set to announce they have a sealed 350 million pounds ($685.4 million) refinancing deal, a city source told Reuters on......

Tiger Woods undergoes knee surgery

Tiger Woods is expected to be sidelined for between four and six weeks after having arthroscopic surgery on his left knee in Park City, Utah on Tuesday. The world number one and 13-times major......

Tiger fails to hunt any birdies

Tiger Woods failed to register a single birdie on his card for the first time in four years on the PGA Tour at the Players Championship on Thursday. The world number one, struggling on the greens......