Leo Leiderman removed himself from the race for the new governor of the Bank of Israel. Leonardo Leiderman removed himself from the list of possible candidates to become the new head of Bank of Israel.
Finance/Venture
Federal Reserve gives no hints of bond buying reductions, describes US economic growth as "modest"
The Federal Reserve gave no indication that it intends to reduce its bond purchases, at least for now.
Dying rupee scares off global investors
The Indian currency continued to decline, prompting investors to shy away from investing in the country.
Institutional investors panick after MCX shares slide
Institutional investors, who own most of MCX's shares, panicked after shares of the company slid in the last quarter.
A succession problem looms for China's private businesses, Reuters reports
Reuters reported that China's private businesses could experience succession problem in the next few years.
Latest News
Barclays Plc's COO Jerry Donini will step down from office making him the last of former CEO Robert Diamond's management team to leave the investment lender.
Goldman Sachs ex-trader Fabrice Tourre was found guilty by a Manhattan jury in his role in the subprime mortgage-back deal known as Abacus in 2007.
Yes Bank Ltd announced that they are in the market to secure a US$250 million refinancing deal for the company's loans.
Starwood Capital Group clinched the sale of Liberty Center for USD 135 million from Forest City Enterprises and Jos Muscarelle.
Ross McEwan, the new CEO for the Royal Bank of Scotland, was tasked to start selling bank stake once he comes to office in October.
Grosvenor Capital Management and Credit Suisse agreed on the latter's sale of its Customized Fund Investment Group.
RSA's shares gained ground today after losing due to bad weather conditions in Canada. Shares of RSA Insurance Group gained momentum today after stumbling from its 33% dividend slash early this year.
Ageas SA announced that the company will return EUR200 million to shareholders and investors. Ageas SA announced that they will return an additional EUR200 million euros or US$264 million to its investors through a buyback deal.
Reports said that investments in the Philippines increased by almost 40% after six months. Asia's 'rising economic tiger' posted another increase in local and foreign investments as four major placement agencies approved businesses today.
