WineDirect and Vintank would merge to increase revenues through social media and commerce. Vin65, a firm of WineDirect, and Vintank formed an exclusive alliance to connect the social media data of wine industry with the ecommerce records of their clients.

Palatine secures GBP 150 million funding after the close of its second fund. Manchester-based Palatine Private Equity secured funding amounting to GBP 150 million, 55% of which were commitments from overseas investors at the close of its second fund.

Kenya stated plans to introduce derivatives into its market. Following Kenya's equity trading volume decline in its stock exchange, which is also the region's largest, Kenya announced plans to introduce real estate investment trusts and derivatives, Kenya's financial-markets regulator said.

ACE Group announced that they have expanded their ACE Worldview platform ACE USA announced that it has expanded its ACE Worldview® platform to ACE Risk Management (ARM) clients and brokers.

INTL FCStone announced that they are cancelling plans to buy Cleartrade INTL FCStone Inc, a U. S. commodities brokerage announced that it has dropped plans to buy an online commodities exchange in Asia.

In order to manage a currency crisis, selling off foreign currency to mop up local currency averts a long term crisis.

The People's Bank of China has released notice to require banks and companies to use the yuan in their international transactions.

The Chicago-based media company is set to spit its ventures just months after undergoing financial restructuring.

Investors retracted US$13.9 billion from equity mutual funds invested in Brazil, Russia, India and China.

According to the third quarter BCI Index, investors in Nigeria are becoming more confident. Business confidence levels in the Nigerian market is steadily improving, said the Lagos Chamber of Commerce and Industry, the premiere chamber of commerce in the African nation.