Chinese government think-tank Development Research Center had proposed a lift of the ban to sell bonds in order to reduce its local governments' USD4 trillion debt.
Finance/Venture
MMC Ventures expands its management team
Camilla Dolan is the new Investment Manager and Anna Slemmings joins the Marketing Team of venture fund manager MMC Ventures.
Renaissance, through Topaz Marine, set to offer senior notes
The offered senior notes from Renaissance is worth USD350 million with a five year term. Renaissance Services, an Omani based firm, announced last Monday that its subsidiary, Topaz Marine was in the process of marketing a five year USD350 million senior note offer.
Abu Dhabi-Dubai bourse merger will form a market powerhouse - official
According to UAE Financial Markets Association President Mohammed Al Hashemi, the potential merger of the Dubai Financial Markets and Abu Dhabi Securities Exchange would create opportunities to boost investor capital in the United Arab Emirates.
Huishang Bank to offer 2.5 billion shares in Hong Kong IPO
Huishang Bank Corp's planned initial public offering would be the biggest public listing by a banking institution on the Hong Kong Stock Exchange in three years.
Latest News
At his financial mightiest, Eike bankrolled social services in Rio de Janeiro. Investors that entrusted their money to Eike Bautista have lost most of their funds amounting to bilions as his business empire imploded.
Pope Francis meets with ECB President Mario Draghi for unspecified matters. The head of the Roman Catholic Church, Pope Francis, had held discussions with European Central Bank President Mario Draghi during a private audience held last Saturday.
A total of USD13 billion is to be paid out by JPMorgan under the tentative settlement agreement forged with US authorities related to mortgage backed securities.
Chancellor of the Exchequer George Osborne is planning whether toxic assets of RBS would be put into a bad bank.
The US Federal Reserve's Beige Book report reflected a somewhat stable US economy in its first week of the government shutdown.
A report from the Daily Telegraph said the UK government would be deciding on the future of Royal Bank of Scotland by next month.
The legislation passed by the US Senate and Congress included fund allocations to cover fund reliefs to back payments of veteran soldiers.
American economist Lawrence Summers said policy makers should focus on growth strategies rather than debate on issues about the budget deficit.
Lia Forcina, Alidod Shirinbekov and John Levavasseur left SAC UK for greener pastures. SAC Capital Advisors LP's Lia Forcina had managed over USD700 million during her stint in the firm.
