Serbian Deputy Prime Minister Vucic confirms on television that he had asked his friend UAE Crown Prince Mohammed Bin Zayed for a loan.
Finance/Venture
California's minimum wage to rise at USD 10 per hour
California would soon have one of the highest minimum wages in the US at USD 10 an hour. The minimum wage of California was slated to rise to USD 10 per hour in the next three years.
CORRECTED: India Infoline to break merged brokerage business
According to a report by The Economic Times, India Infoline would be separating its brokerage business to meet banking regulations.
Two Republican representatives question regulatory oversight for private equity funds
Two Republican lawmakers questioned the time and resources spent by Securities and Exchange Commission in monitoring private equity funds.
Equity issuance presents optimistic economic growth- Reuters
A Reuters report said the growing number of equity issuance this year was a sign of positive growth.
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New York Times' Dealbook reviewed several prominent private equity deals during the buyout boom, and gave an update how the companies had been faring.
State-owned 1Malaysia Development Bhd raised the target for its IPO to USD 3 billion, according to a source interviewed by Reuters.
Sources told the Wall Street Journal that JPMorgan & Chase would be allocating USD 4 billion to strengthen its oversight controls.
Tax avoidance systems in EU member countries are to be investigated by EU. An investigation is to be conducted by the European Union on Ireland, Luxembourg and the Netherlands for allegations these countries gave multinationals favorable tax deals over and above the EU's anti-competition rules.
The debt financing cap of Xand was increased because of favorable market conditions. The top provider of colocation, cloud, disaster recovery and managed services, Xand, announced the increase of debt financing to over USD200 million.
TradeKing Group Inc. announced receiving an approval from FINRA for its acquisition of GAIN Securities Inc. assets.
The aid by Kuwait to Egypt would consist of USD2 billion in a central bank deposit, USD1 billion grant and USD1 billion in oil products.
The jackpot prize for this Saturday's Powerball draw would have an annuity value of more than USD 300 million.
Former partners of the venture capital firm Morgenthaler Ventures, had raised USD175 million in a seed funding round for their newest fund outside Morgenthaler called Canvas Venture Fund.
