Emerging markets, including China, South Africa and Turkey, fell 10% from this year's peak. (Photo : Reuters)Kit Digital Inc's former chief executive significantly lowered the price he was willing to pay to buy the video technology provider, citing the company's worsening liquidity and capital structure issues.
Finance/Venture
US Gets Stable Credit View, Wall Street Ends Flat
The US Stocks were able to end up with little changes on Monday after the country's credit outlook was revised from negative to stable.
Deals of The Day
The following bids, mergers, acquisitions and disposals were reported on Monday. The following bids, mergers, acquisitions and disposals were reported on Monday.
Reserve Bank of India cracks down on bank regulation violators
The Reserve Bank of India enforces penalties against three banks for money laundering and fraud violations.
Deloitte Purchases McColl Partners
Deloitte, the tax and advisory firm, has bought McColl Partners. (Photo : Reuters)The image is the logo of the top accounting firms in the US, Deloitte.
Latest News
S&P, who lowered the credit rating of the US from 'AAA' to 'AA' has improved its outlook from negative to stable in its latest review.
Travelers Cos. buys Dominion of Canada General Insurance Company with $1.1 billion, increasing the company's international reach.
UK-based private equity house WestBridge Capital appoints Pascal Wittlet as senior investment manager and relocates new offices in London to accommodate growing team.
Policy Exchange, an influential think tank, says that the British government should hand over a majority of its shares in Royal Bank of Scotland and Lloyds Banking Group to the public.
Big debts are seen looming as bold bets on acquisition from two Thai billionaires totaled US$27 billion last year.
British finance minister George Osborne announces an early public sale of their shares in Lloyds Banking Group.
According to sources, Bank Al Khair is expected to merge with commercial bank, Khaleeji Commercial Bank.
A US Court dismisses the complaint of Bloomberg filed against the Commodity Futures Trading Commission.
Raiffeisen Bank International Chairman says that it would tighten compliance rules due to the latest Stepic controversy.
