Finance/Venture

UBS AG France is under investigation for its bank practices. (Photo : Reuters)The image is the UBS sign on its corporate headquarters. The French unit of UBS AG has been placed under formal inquiry as part of an investigation started in 2012 over the practices conducted by the bank in France, according to a spokesperson.

HSBC is planning to sell off shares totalling of 98.94% of its stake with the PT Bank Ekonomi in Indonesia.

Erajaya Swasembada and Foxconn Technology Group are said to be discussing a deal of partnership for the Indonesian market.

Two brokerages were sanctioned after having been found out of helping fraudulent IPOs. (Photo : Reuters)The Chines flag waiving in front of rising business sectors The Securities Regulatory Commission in China will fine two brokerages for helping perpetrate fraud IPOs get listed on the bourse.

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Kinder Morgan Energy Partners LP has announced the cancellation of a $2 billion worth of project for Freedom oil pipeline.

US stocks were sold off yet government bond yields increased. With the rising sentiments of consumers about the Federal Reserve's next step, the US stocks that were sold and the bond yields from the government increased.

The US Treasury has announced suspension of pension funds to raise its debt limit. The US Treasury announced last Friday the suspension on pension funds payment.

Dell urges its shareholders to support founder/CEO Michael Dell's buyout proposal. Dell Inc. has called on to its shareholders for the approval of a $24.

Hulu received a hefty number of bidders giving bids of more than a billion for a piece of it. More than $1 billion was offered by DirecTV and two other bidders.

Held in Yokohama, the Tokyo International Conference of African Development gave a $32 billion fund to aid the economic development of Africa.

Digital currency companies are rushed to comply with anti-money laundering acts after Liberty Reserve gotten held up for an alleged money laundering scheme.

With the ongoing insider probe, more investors are pulling out their investments from SAC. With tremendously huge $3. 1 billion client money, Magnitude capital started getting back its funds during the first quarter of the year.

The Moroccan institution Attijariwafa Bank is set to raise US$500 million through a foreign bond float.

Morgan Stanley files petition to prohibit former brokers to reach out to current staff in their old office.