Fund manager Schroders has signed an agreement to buy Cazenove Capital for 424 million pounds, a deal that would merge the two oldest names in the city of London, England.

SEC chairman Elisse Walter urged during video conference at the annual forum of the Australian Securities and Investment Commission that foreign regulation should be applied for cross-border trades.

Construction firm Arabtec has hired Shohidul Ahad-Choudhury, former executive of Deutsche Bank as the new mergers and acquisitions head.

Argentina has recently instituted new regulation for investments to curb capital flight and retain dollars.

Gold, corn and natural gas were among the top commodities traded according to figures obtained by Reuters from the Commodity Futures Trading Commission.

SEC Chairman Elise Walter proposes foreign regulatory guidelines for cross border trading especially with over the counter derivatives trades.

Standard is considering to buy a bank in Egypt as it sees economic stability in the country. Standard Chartered plans to buy an Egyptian bank to benefit from the booming lending sector of the Middle East, regional head Christos Papadopoulos said.

With nearly 70% of EBX shareholdings with its founder, Eike Bautista, there is a need to diversify in order to retain competitiveness.

The Popular Bank of Cyprus would be shut down and funds be put into rehabilitation of Bank of Cyprus according to last ditch bailout plan agreed upon by the government and lending institutions.

Colombia, Peru, Costa Rica and Mexico are preparing its financial systems for the pressure from foreign markets on their currencies.