OAO Sberbank’s sale of 550 million Turkish lira ($304 million) bonds is part of its strategy for the parent company to seek financing in international markets, according to Chris Jones, global head of local currency syndicate at HSBC Holdings Plc.
Two of Florida ’s elected property appraisers asked state lawmakers to let them cut the value of coastal real estate to reflect damage from BP Plc ’s oil spill in the Gulf of Mexico and get BP to make up for lost tax revenue.
Hong Kong Exchanges and Clearing Ltd., the world’s biggest bourse operator by market value, named Romnesh Lamba and Martin Abbott co-heads of global markets as it completes its takeover of the London Metal Exchange.
Apple Inc. Chief Executive Officer Tim Cook introduced a smaller, cheaper version of the iPad designed to keep customers from buying low-cost tablets from competitors Microsoft Corp., Amazon.com Inc. and Google Inc.
Apple Inc. debuts its most significant overhaul of the iPad today in San Francisco. For competitors trying to get a foothold in the tablet market, the most important announcement may be what Chief Executive Officer Tim Cook does with the older models already on the shelves.
Boeing Co. may be headed for its first victory in aircraft orders in three years, buoyed by demand for the 737 jet as larger rival Airbus SAS defers a decision on whether to offer a new engine on its A320.
Apple Inc. unveiled a new version of the iPhone that boasts a bigger screen, faster chip and access to speedier wireless networks, an overhaul aimed at gaining share in the $219.1 billion smartphone market.