Dubai Land Department's managing director announced the launch of its e-Market website during the GITEX Information and Technology Exhibition.
Investors
Italy needs supply-side reforms to fuel growth- IMF
The International Monetary said Italy would need to make supply-side reforms to boost its growth. Italy's growth has been hampered with high debt, an unstable government, red tape and low growth.
ECB head Mario Draghi seeks protection for bondholders
Bondholders were sought protected by Mario Draghi through the European Central Bank. The European Central Bank head Mario Draghi informed the European Commission last month requesting that bondholders be spared any losses in the event a bank rescue occurs until such time an EU banking union is put in place.
TPG Capital to pay USD 214 million for Star Entertainment's stake in Phoenix Satellite Television
TPG Capital agreed to buy a stake in Phoenix Satellite Television from Star Entertainment for a price tag of USD 214 million.
British Petroleum and Reliance Industries to invest in oil and gas industry in India
Fresh investments were promised by BP and Reliance Industries in oil and gas. The top executives of BP and Reliance Industries, CEO Bob Dudley and Chairman Mukesh Ambani respectively, jointly promised fresh investments worth up to USD10 billion in oil and gas.
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A UK court had started to hearing evidence about the alleged London Interbank Offered Rate or Libor manipulation brought against Barclays and Deutsche Bank.
Voxeljet, whose technology was used to design Aston Martin cars for the James Bond film "Skyfall", traded as high as USD29.06 from its initial USD13 per share price after its debut on the German stock exchange.
NBC had cancelled "Welcome to the Family" and "Ironside" after only three episodes.
US retailer Walmart fired and then gave an employee his job back after he helped woman who was assaulted in a company store parking lot.
Small business IT administrators were not pleased with manually updating each Windows 8 device to Windows 8.1.
For PCMag's Matthew Murray, Windows 8.1 won't be worth the upgrade for desktop fans. Matthew Murray, in an article in PCMag, said the recently-released upgrade to Windows 8 doesn't do much for traditional desktop users.
JPMorgan is nearing settlement of a suit filed by FHFA for mortgage related securities fraud. JPMorgan Chase & Co had reached a tentative agreement for the settlement of USD4 billion with the Federal Housing Finance Agency.
According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
With an average of USD6 billion revenues on 10% cost on equity, Morgan Stanley's CFO said the business is doing good.
