The stock markets of the Middle East breathed a sigh of relief as the US-Russia agreement on Syria's chemical weapons averted a military strike.
Finance/Venture
Prime Minister says Mongolia to sell Samurai bonds
According to a statement from Mongolia's Prime Minister, the country would sell its Samurai bonds this year in a deal valued to as much as USD1 billion.
Ex-Obama economic aide withdraws from Fed chair consideration
Lawrence Summers, ex-economic aide to US President Barack Obama, had withdrawn from consideration to succeed Federal Reserve outgoing chair Ben Bernanke.
Westfield sells U.S. malls to Starwood
Westfield Group said it would sell its seven US shopping centers to Starwood Capital in a deal valued at USD1.6 billion.
Egypt's Citadel Capital plans capital hike
Egyptian private equity firm Citadel Capital said on Sunday it would increase its capital following the clearance it had won from the company's shareholders.
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The experience of some Muslim dominated countries as to tapping Islamic pension funds for capitalization had reaped benefits.
The network branches of India Infoline Finance had been set to expand its clientele and service offerings.
Economists view that the housing recovery is hindered by increasing mortgage rates. In August, the purchases of previously owned homes declined from the previous month.
Tom Bolland, current COO of Lehman is helping wind down the bank's business. Tom Bolland, current chief operating officer of Lehman Brothers International Europe, is under the employ of Tony Lomas, joint administrator and PriceWaterhouseCoopers Partner, is providing assistance as the bank winds down its business and maximizes its recoverable assets.
Jim Yong Kim, World Bank Group President, says that there is still risk present even as China reaches and surpasses its 2013 growth target.
After unwinding the most complex bankruptcy case in history, Lehman Bros would be paying out full value to its European creditors.
In the fifth year after the so-called 'Great Recession', Obama highlights the gains made by the US economy as a better capitalized and better regulated economy.
Germany, in order to avoid a protracted legal process, is leading the way to find a compromise in the creation of the EU banking union.
US President Barack Obama appointed Jeffrey Zients as his top economic adviser replacing current adviser Gene Sperling.
