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Markets upbeat on Monte Paschi bank's higher capital
The world's oldest bank Banca Monte dei Paschi di Siena SpA has announced encouraging levels of capital. The Italian banking major's common equity Tier-I ratio is up at 11.7 percent by the end of September from 10.7 percent in June.
'Narcos' Season 2 Update: Son cries foul over Netflix depiction of Pablo Escobar life story
Pablo Escobar's son is not happy with how his father was depicted in the Netflix series. Meanwhile, the man who brought down Pablo Escobar has been contracted as a consultant in "Narcos" Season 2.
Ford to invest $9B in US plants
As part of the labor agreement, the US automobile major Ford has decided to invest $9 billion in plants located in North America. Similarly, General Motors (GM) has also assured the labor union on investment of $1.9 billion and Fiat Chrysler to invest $5.3 billion as part of the contracts signed with the labor union.
Investcorp buys hedge fund of SSARIS
Bahrain-based Investcorp Bank BSC has acquired hedge fund business from SSARIS Advisors LLC. The acquisition of hedge fund from the fund business of the US company will enhance product range of Bahrain's bank as the business is expected to add $800 million in discretionary and advisory assets to Investcorp Bank.




