A USD1.4 billion settlement is being negotiated between Bank of America and Freddie Mac on the issues related to the repurchase of faulty mortgages sold by the bank to the mortgage lender.

The People's Bank of China had undertaken a program of lowering money supply to avoid further inflation, but this may lead to lack of financial support

KPMG launched its new USD100 million investment fund, London-based KPMG Capital, which would help identify and develop big data analytics firms all over the world.

In a recent statement, the State-owned Assets Supervision and Administration Commission or SASAC had welcomed the move to allow the private sector to purchase interests in state owned or controlled corporations.

Legg Mason Opportunity Trust Manager Bill Miller said he bought JC Penney debt for a new fund. Miller holds the record of beating the US benchmark for 15 years.

London-based Armajaro Holdings Ltd sold its coffee, cocoa, and sugar trading arm to Swiss agricultural trader Ecom Agroindustrial Corp Ltd after reporting a loss of USD7.5 million.

Many analysts say the lack of transparency may put the free trade zone experiment in China in jeopardy, unless it is confirmed as one of the economic priorities of the Third Plenum of the Chinese Communist Party.

Atomico Ventures was able to raise USD 476.6 million for its third fund, based on an filing submitted to the US Securities and Exchange Commission on October 25.

Singapore-based Bitcoin exchange startup itBit secured USD3.25 million in a new funding round to be used for the launching of its Bitcoin exchange currency and the expansion of its operations worldwide.

This is a summary of key economic events and central bank speeches, likely to affect the global economy through the foreign exchange, equity and debt markets.