The International Monetary Fund approved Pakistan's US$5.3 billion loan to help the nation stabilize its struggling economy.
Industry
Egypt: Stock Up, Debt Insurance Cost Down
Egypt stocks soar and debt insurance cost plummet after ousting of President Mursi After the military ousting of President Mohamed Mursi, Egyptian share soared 6% and debt insurance costs plummeted.
No Banking Crisis In China Despite Cash Crunch
Cash crunch in China does not signify banking crisis According to experts, China's financial system is on a healthier trend. The recent cash crunch experienced by the country did not signal any systematic risk.
Softbank Now A Forerunner In US Wireless Market
Softbank joins the US wireless market after FCC approval for Sprint bid. Softbank Corp is now in the running to provide American with wireless and broadband telecommunication services.
Deals of The Day
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Italy's biggest bank UniCredit may consider a partnership for its business that manages 42 billion euros ($54.
Latest News
The European Union and China hope to defuse conflicts by negotiating about a solar panel deal. On Friday, the European Union and China were finally moving in the direction of a new contract.
CNOOC announced that they have signed a PSC with PetroBroad Copower CNOOC Limited announced that the China National Offshore Oil Corporation (CNOOC), its parent company, has signed a PSC or a production sharing contract with PetroBroad Copower Limited (PetroBroad Copower) to do work for Block 28/03 in Pearl River Mouth Basin.
Karim Kanji announced his resignation from Barclays Head of coal, dry-freight and iron-ore trader at Barclays Plc (BARC) Karim Kanji announced resignation from the bank.
Admeta announced the signing of a supplier agreement with BBC worlwide private ad exchange Admeta announced that they have signed a supplier agreement with BBC Worldwide to optimize and monetize the Good Food and Top Gear properties outside of the United Kingdom.
Credit Suisse estimated that they will receive US$94 Million hits from UK tax deal Credit Suisse forecasted that they are expecting a loss of CHF90 million or something in the area of US$94.
Etihad announced that they are near to closing deal with JAT Airways Etihad Airways announced that they are close to coming to an agreement over an equity investment with JAT Airways.
GDF Suez is highly considering taking an active role in a French bid GDF Suez is considering taking an active role in the French bid for the nuclear reactor project in Saudi Arabia.
Apollo Global Management announced that they have completed the first stage for their capital rising
Diageo PLC announced that they have acquired stakes in United Spirits Ltd. Diageo PLC announced that they have acquired a 25. 02 % stake in Vijay Mallya-led United Spirits Ltd (USL).
