Megafon is discussing with small lending institutions as to the eventual integration of banking services with its telecommunications services.
Industry
Top shareholders of Alibaba support corporate body provision
Hong Kong's adherence to its rules may force the IPO of Alibaba to be done elsewhere. The largest shareholders of the Alibaba Group have backed the partnership structure proposed by the company that was the central issue of a debate as to the permission to list its shares in the bourse.
Japanese firms pay up for price fixing machinations against US automakers
In an unprecedented sweep, several Japanese firms and their executives have been charged with conspiracy to undertake price fixing and agreed to settle amounts with the US Justice Department.
NASDAQ OMX set out new offers to retain clients
New product offers have been made by NASDAQ OMX such as USD10,000 contracts for its clients in the currency market.
JPMorgan's settlement to reach USD11 billion
JPMorgan Chase & Co are deep in the negotiations to settle the probes conducted at the state and federal levels.
Latest News
Several top private equity firms had expressed in a convention that Africa would be seeing an influx of investments in the near future.
Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.
GM debt had been upgraded by Moody's Investment Service to investment grade from junk status. General Motors' debt to investment grade status had been restored by Moody's Investment Service to investment grade.
Euler Hermes reported a projected 3.5% growth in UAE due to infrastructure developments and growth in business.
In a bid to appease investors, private equity firms in China would be resorting to selling off its maturing assets to return profits while waiting for the reopening of the mainland's IPO listing market.
According to a Bloomberg report, as the UK government sought to boost mortgage lending and building permits became easier to get, home building approvals increased 48% in the country.
The opening of trading at the Hong Kong Exchanges and Clearing Ltd. were delayed due to Typhoon Usagi and would resume trading in the afternoon.
New Treasuries demand showed a solid improvement following the retreat of Wall Street dealers and rising yields.
According to Philippine Central Bank Governor Diwa Guinigundo, the country had been prepared for the eventual stimulus reduction by the US Federal Reserve.
