Russia's Merchel Steel has halted the offer for sales of its assets. Russian steel firm Mechel has withdrawn its offer to sell off 25% of its mining division due to tepid market conditions.
Industry
Inflows Surprise Many Despite Gold Price Tumble
Analysts and traders saw great fund inflows despite tumbling prices of gold and other commodities. Despite record losses for gold and other precious metals, many hedge funds and speculators continued to pour money into these investments.
SEC Studying ETF Registration Process
The SEC is seeking to find ways to ease requirements to allow less complex ETFs to be registered with the bourse.
New Chief Human Resources Officer for Think Finance
The new Chief Human Resources Officer of Think Finance is Marcella Butler. Marcella Butler is Think Finance's new Chief Human Resources Officer as disclosed by the developer of online financial products.
Hostess Brands Will Reopen and Expand Business in Kansas
Iconic Hostess Brands to return to the market after bankruptcy issues were resolved. Hostess Brands LLC disclosed plans to reopen its bakery in Kansas by summer.
Latest News
In a warning report, Reuters has found that debt issuances by companies have reached near 2007 levels.
Citi hires Ben Story, former head of Deutsche Bank. Former Deutsche Bank head Ben Story has been appointed by Citigroup to become head of UK Investment Banking and Brokerage.
Kawasaki Heavy Industries is open for merger option but has not made formal moves despite report from Nikkei newspaper.
SDA rates cut by Bangko Sentral ng Pilipinas to limit inflows and increase outflows. For the third time this year, the Philippines has cut rates it pays on special deposit accounts in an effort to curb capital inflows and prevent asset bubbles.
Infosys, the paragon of market guidance, has now experienced the shock of falling share values because of failed earnings expectations.
Despite Nikkei highs, two major companies report losses for the period. The Nikkei index of Japan is now nearing a five year high as the share average jumped higher in the day's trading.
The Silicon Valley Venture Capitalist Confidence Index rose from 2012, indicating improved market opportunities for the year.
Coop Group cancels deal with Lloyds on the sale of the Verde Network. The Lloyd's Banking Group planned the sale of over 600 bank branches of the Cooperative Group, which has fell apart after the Cooperative Group decided not to proceed with the GBP750 million deal.
There has been a solution reached by Romanian and Cypriot authorities for the local unit of the Bank of Cyprus.
