Lulu Hypermarkets chief executive officer Yusuffali M.A. said his company would be entering in expanding in emerging markets and create new ones in the Middle East and Asia.
Finance/Venture
Buyers rush to IPOs of private equity-owned Numericable, Merlin Entertainments
Private equity-owned Numericable and Merlin Entertainments held successful initial public offerings despite holding higher debts.
Commonwealth Bank of Australia approves on AUD 2.83 billion Dexus Property Group, CPPIB offer
The AUD 2.83 billion offer from Dexus Property Group and the Canada Pension Plan Investment Board for the Commonwealth Bank of Australia's listed trust was accepted by the lender.
PitchBook gives data to guide business decisions of venture capital professionals- report
In an interview with GeekWire, PitchBook Founder John Gabbert said the company's online research tool would help venture capital and private equity professionals make better business decisions.
All eyes on the Fed next week for tapering signs
A Reuters report said a change in the US Federal Reserve's bond-buying program might come out from its officials as several of them, including vice chair Janet Yellen, would have speaking engagements next week.
Latest News
Prefundia's crowdfunding platform would now be accepting project proposals from the public. According to a report by tech news site Techcrunch, crowdfunding platform Prefundia was now opening its doors to the public after three months in beta.
The Central Bank of Ireland assured the public that it had been pursuing an alternate solution to bail out Newbridge Credit Union after talks of a merger with Naas Credit Union had failed.
Germany's coalition government formalized a measure to provide funds and expertise for a European bank to manage the loan agreements and if necessitated, closure of banks.
Deutsche Bank AG said that new rules would not foster business but in the past week alone it had agreed on a couple of business related loans.
Since the Facebook bungle, Nasdaq had been hard pressed to recover to list more tech IPO stocks in its fold.
EC Harris and Mace would form a joint venture to manage the construction of Kingdom Tower. The United Kingdom's EC Harris and Mace had signed a joint venture agreement to provide project management services.
According to Global Finance, the National Bank of Abu Dhabi is acclaimed as the world's safest bank.
SAC's first public statement after pleading guilty was criticized for lack of contrition. SAC Capital Advisors was criticized for its lack of contrition after pleading guilty on four counts of securities fraud and one count of wire fraud.
The New York Department of Financial Services and the Manhattan District Attorney's Office are conducting inquiries and may subject both AIG and MetLife to fines.
