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Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.

The US economy remained stuck at a sluggish pace after the Federal Reserve chairman suggested the US central bank was prepared to reduce its bond acquisitions.

Lloyds Banking Group must plug a capital shortfall of GBP8.6 billion after Britain's banking regulator announced new rulings on Thursday.

Finance ministers in the Euro zone agreed to systematically rescue important banks with a Eur60 billion bailout fund.

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Stockholders at Trio Merger approved merger with SAExploration during the special meeting held today by the company.

Jefferies & Co backed billionaire Carl Icahn's bid for the computer maker Dell Inc. with US$5.2 billion loan.

SBI chairman Pratin Chaudhuri said that the State Bank of India needed Rs3000 crore to merge with one of its associates banks.

More US Senators are getting concerned with the Shuanghui-Smithfield deal and urged thorough review regarding planned acquisition.

According to the Nikkei newspaper, Mitsubishi UFG Financial Group of Japan paid US$4.1 billion for the acquisition of Thailand's fifth largest lender, the Bank of Ayudhya.

John Mattera, former hedge fund manager of Praetorian Global Fund Ltd. was sentenced 11 years of imprisonment after pleading guilty to Facebook and Groupon scam.

Cochin Shipyard considered IPO to fund its expansion that is valued roughly at RS1500 crore. (Photo : Reuters)The image shows a ship dry docking at a port.

Bell Hospital's directors announced today that it has signed an agreement to be acquired by LifePoint Hospitals.

On Friday, UBS AG surrendered its banking license in India after battling several allegations of money laundering.

On Friday, Al Noor floated in the London Stock Exchange and made its debut at GBP5.75 per share piece.