With vigorous criticism of the rules on banking exposure related to government related debt, the UAE central bank was forced to review the rules and study on how to lessen its harsh effects.
Industry
Buyout firms to target European retailers to capitalize on low interest rates- Moody's Investors Service
According to Moody's Investors Service, buyout firms would be targeting European retailers to take advantage of low funding costs.
Top deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Wednesday The following bids, mergers, acquisitions and disposals were reported on Wednesday:Germany's Siemens agreed to sell the bulk of its water technologies business to private equity group AEA Investors for 640 million euros ($862 million).
Lower Indian wireless spectrum pricing - government panel
A panel from the telecom ministry recommended cutting down the price for wireless spectrum in India.
ING Groep NV says capital buffers sufficient for ECB testing
Regulatory authorities are reviewing the capital buffers ING Groep NV for real estate financial loans prior to ECB testing to be conducted.
Latest News
Social media is utilized by financial advisers to connect with managers and prospective clients. In a report by Zurich Financial Services Australia, the number of financial advisers using social media has increased.
GE Ventures entered the crowdfunding arena by partnering with the OurCrowd platform. GE Ventures embraced crowdfunding today by partnering with OurCrowd, an Israeli crowdfunding platform.
With Switzerland requiring higher capital ratios, banks may be hard pressed to continue with their normal operations according to JPMorgan Chase analysts.
Edmond de Rothschild raises EUR192 million or USD250 million for its BioDiscovery 4 fund. The Edmond de Rothschild Investment Partners have announced the closure of its BioDiscovery 4 Venture capital fund for European life science companies.
The 2013 Investec Private Equity study takes the observations of fifteen senior private equity executives and their views on the future of the market.
Some say the Euro is overvalued while others claim it is not. The founders of the Euro had dreamt of a superpower currency that can go head to head with the US dollar, to free Europe from US economic dependence.
The Confederation of British Industry said they are campaigning for a reformed European Union for British interests.
The president of the Federal Reserve Bank of Dallas has called out the US leadership on its continued gridlocks in a speech held in Sydney, Australia.
Shares of Chinese technology companies remained high despite fraud allegations of NQ Mobile. A Bloomberg report said that fraud allegations hurled against NQ Mobile did not affect other Chinese companies.
