With its consortium, Petrobras leads to extract the oil from the Libra pre-salt mine. A consortium led by Petroleo Brasileiro SA had landed a license to develop the largest oil discovery in Brazil under terms that had exceeded projections.
Industry
Higher yields is the reason why pension funds choose alternative investments
With a return of just 6.4% per year in traditional investment vehicles, a shortfall of 1.6%, many pension funds opt to invest in alternative options which promise higher returns.
Private investors seek settlement from JPMorgan
Fund managers BlackRock Inc and Neuberger Berman Group LLC seek settlement in the amount of USD5.75 billion for mortgage backed securities fraud.
Telcos provided more freedom under new UAE TRA rules
Called expedited processing, the Telecommunications Regulatory Authority of UAE would allow direct offers of prepaid products to be made by telcos.
Fidelity Investments joins ETF market
Seeing a decline in its fees and revenues in its current market, Fidelity Investments goes into ETF management, a market dominated by the Vanguard Group and BlackRock Inc.
Latest News
TrueEX's application for interest rate swap facilities is the next step to consolidate the market.
beRecruited, the top athletic recruitment social network, was sold off by Madison Parker Capital to the Raine Group.
Egypt was able to leverage a longer term to pay back the aid package provided by Kuwait. Kuwait had given Egypt five years to repay a USD2 billion central bank deposit.
The high rate of non-use in Twitter is what may challenge investors in their decision come IPO time.
Samsung is first in the smart watch race but Apple may win it all. Samsung had beaten Apple in the smart watch race. The main issue now is that the Galaxy Gear have been tepid at best.
In a speaking engagement in India, BP CEO Bob Dudley said market pricing of natural gas in the country is the proper way to do it.
Pope Francis meets with ECB President Mario Draghi for unspecified matters. The head of the Roman Catholic Church, Pope Francis, had held discussions with European Central Bank President Mario Draghi during a private audience held last Saturday.
Because of findings by gaming authorities as to alleged Russian mob ties, Caesars Entertainment drops Ganesvoort Hotel from its partner-investors listings.
Bernie Madoff's sons were vindicated for the civil case over the properties of their father in the UK.
