The Canadian government, under the Investment Canada Act, has the right to review bids for Canadian flagship industries such as BlackBerry for national security issues.
Firm Management
Dubai Land to launch website
Dubai Land Department's managing director announced the launch of its e-Market website during the GITEX Information and Technology Exhibition.
Walmart offers job back to employee fired for assisting assault victim
US retailer Walmart fired and then gave an employee his job back after he helped woman who was assaulted in a company store parking lot.
Previ to utilize fund managers to diversify asset base
According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
HSBC's loss may increase over time
Due to the statement by US District Court Judge Ronald A. Guzman, the USD2.46 billion judgment payment charged to HSBC Holdings for improprieties of its unit International Household, may increase due to interest on amounts due.
Latest News
Dutch insurers such as ING Groep NV and Delta Lloyd NV would have new abilities. Life insurance companies from the Netherlands, such as ING Groep NV and Delta Lloyd NV have faced tests of their financial abilities.
Prime Ventures invests in mobile games platform AppLift. An additional investment of USD7 million from Prime Ventures was received by mobile games marketing platform AppLift.
Series A funding round for FIELDS raised USD5 million led by ClearVue Partners. The premier online grocery store in Shanghai, FIELDS, with its strong focus on safety, freshness and quality, announced a USD5 million Series A investment round.
Preferred Freezer Services, Sinotrans Ltd, Yang Ming Marine Transport Corp and Yida Group form joint venture.
Named 'The Cartel', US regulators are reviewing how these individuals comprising the group may have influenced or attempted to manipulate the market.
About USD43 billion was pulled from the money market as investor fears of US debt crisis reached its height prior to Wednesday nights passage of much needed legislation.
The Department of Energy loan given to the now floundering Fisker was bought out by an investment firm headed by Richard Li.
A decision by US Judge Ronald Guzman put HSBC's Household International Inc liable to pay USD2.46 billion as settlement for misleading its investors.
Presented evidence on another case is being used as evidence to prove Barclays' hand in the recent LIbOR rigging scandal.
