The Philippine government presented opportunities for investments in the country to Chinese investors at the CAEXPO.
Finance/Venture
Germany may disappoint European policymakers- analysis
European policymakers were in for disappointment no matter what the outcome of the election would be, a Reuters analysis showed.
Poverty elimination, increasing incomes are part of World Bank goals
The elimination of poverty and improving incomes of the world's poorest were two of the goals of World Bank, its draft strategy paper showed.
Aung San Suu Kyi calls for foreign capital investments but wants them responsible
Aung San Suu Kyi said Myanmar needed foreign capital to recover but these should be responsible investments.
BB&T Corp loses tax shelter case
BB&T Corp lost a USD 772 million tax refund case against the IRS. Financial holding firm BB&T Corp lost a USD 772 million tax shelter case with the US Internal Revenue Service (IRS).
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Hedge funds that gambled on Lehman Brothers expected huge payouts as administrators finished recovering assets.
A Reuters analysis revealed that Beijing was looking to private capital to strengthen the balance sheets of Chinese banks.
European Commissioner Algirdas Semeta said work would continue on the proposed financial transaction tax.
The Commodities Futures Trading Commission had announced the approval of the applications to operate swap execution facilities for TruEX Group LLC and IntercontinentalExchange Inc.
The latest German elections predicts a win for Chancellor Merkel with a slim margin. German Chancellor Angela Merkel, according to pollwatchers, would most likely win but had to fight to the last vote to keep her majority in the German parliamentary elections.
Senior Housing Properties Trust sells off its two hospitals to Reliant Hospital Partners LLC. Real estate investment trust Senior Housing Properties Trust said last Friday that had finalized an agreeent to sell to third parties the New England Rehabilitation Hospital and Braintree Rehabilitation Hospital.
Branding Brand was chosen by investors to develop a mobile commerce platform for retailers. The largest mobile commerce platform to major retailers, Branding Brand, announced that it secured USD9.
Warren Buffett, the billionaire head of Berkshire Hathaway, said that a possible standoff on the debt ceiling would be costly.
Seeing a possible windfall of money from oil and gas rich investors, Britain is urging banks to create instruments to address the USD2.6 trillion market by 2017.
