Industry

JP Morgan is the top M&A adviser for deals above US$10 billion for the first quarter of 2013. After having worked on all of the biggest transactions announced since the start of 2013, JP Morgan Chase & Co is the acclaimed top firm for the first quarter.

Investors in Spain have been focusing on bond sale, saying that they are not worried over the turmoil in Cyprus.

India eases its restrictions on foreign institutional investors or FIIs for bonds issues in the country.

Several hoaxes on stocks have emerged from the social media site Twitter as investors use the site as source of stock information.

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Investors of Commodity exchange-traded funds (ETFs) are shifting their interest to funds with broad commodities exposure.

The current lack of a majority in the Italian government is seen as a precursor to further economic issues in the long run.

Cyprus is working round the clock in drafting and discussing an amenable financial plan to avert bankruptcy.

CBS is expected to offer $100 million for One Equity Partners' stake in TV Guide Network, sources cited.

P. Schoenfeld Asset Management or PSAM is now raising questions on the proposed merger of MetroPCS Communications Inc. and T-Mobile as it vetoes the deal.

Piraeus bested rival Alpha Bank to become the manager of Cypriot lenders Bank of Cyprus and Cyprus Popular Bank.

The US, with its latest megadeals, lead the volume in mergers and acquisitions, overshadowing the bleak future of Europe and Asia.

French insurer AXA is now finalizing the sale of the majority state in its private equity arm to a group of investors in a deal worth about 500 million euros.

Telecom group Vimpelcom is tapping UBS to supervise the sale of its Canadian unit Wind Mobile, which is being valued between $500 million and $1 billion.

Pantaloon has agreed to shed off its 22.5% in a life insurance venture it has with Italian Assicurazioni Generali.