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Cerberus lifts Seibu stake but short of 44.7 pct goal

TOKYO, June 1(Reuters) – Cerberus Capital Management LP said on Saturday it had secured the one-third stake in Seibu Holdings needed to veto decisions at shareholder meetings, but fell short of its…

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China punishes two brokerages in IPO fraud crackdown

BEIJING, June 1 (Reuters) – China’s securities watchdog has punished two brokerages for violating rules in helping fraudulent firms to list shares, underlining Beijing’s determination to bring…

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Blow for oil groups over Canada pipe plan

British Columbia’s environment minister said questions about the proposed Northern Gateway pipeline ‘were not satisfactorily answered’ in panel hearings

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