The Islamic holy month of Ramadan would unite 1.6 billion believers and would directly result to the recovery of markets particularly in the food sector.
Finance/Venture
Sheik's stake in Barclays sold
Sheik Mansour's stake in Barclays was sold last month. Sheik Mansour bin Zayed al-Nahyan of Abu Dhabi sold his shares in Barclays. In a regulatory filing last month, the bank said that the Sheik's investment vehicle, PCP Gulf Invest 3, sold its 758.
UK weighs options for US$7.6 billion Lloyds Sale
The UK Government said that they are weighing all of their options for the Lloyds Banking Group deal.
China's central bank announces interest rate reform
China's central bank announced interest rate reform. The central bank of China, the People's Bank of China (PBOC), announced that the floor on commercial banks' lending rates was removed.
Advertising changes lowers target price on Google stocks
Advertising changes lowered target price on Google stocks. Google made changes to its advertising system in the hope that this would increase the revenue coming in from mobile users.
Latest News
Sources said that Coller Capital is buying shares of DLJ Merchant Banking Partners. Sources revealed that Coller Capital Ltd. is currently in discussions to purchase Credit Suisse Group AG's shares of DLJ Merchant Banking Partners.
UBS stated that it outperformed other share-sale underwriters in the Southeast Asian Region thanks to big deals in Indonesia, Thailand and the Philippines.
Detroit's filing for bankruptcy may be traced to mismanagement and low tax revenue, according to analysts.
The holy month of Muslim was expected to bring nine times higher stock returns in predominantly Muslim states.
According to financial analysts, the filing of the city of Detroit for Chapter 9 bankruptcy protection does not usually occur.
Detroit City's officials announced today that the city filed for bankruptcy. The city of Detroit filed for bankruptcy today, making history as the largest city in the United States to ever perform such course.
Britain's Prince William and his wife Kate were waiting for the birth of their first child as the baby fever was expected to boost Britain's economy by GBP240 million.
Currency hedging requires an understanding of the market (art) and the actual exchange at a given time (science) to be insulated from currency value fluctuations.
Prospera Financial Services acquired TCA Financial Group LLC. Prospera Financial Services announced the acquisition of TCA Financial Group, LLC. TCA was founded in 2004 and has been attached to several professionals and financial advisers.
