Due to the loss of support from the largest shareholders of Telecom Italia, CEO Franco Bernabe is planning to submit his resignation on October 3.
Investors
Iconic Harrods to undergo renovation
The escalator at Harrods would undergo a major facelift and renovation. Qatar's newly acquired luxury London department store, Harrod's, had laid out plans to undertake a multi-million renovation as part of the investment from the Gulf state in the world renowned brand.
Ooredoo partners with Myanmar women's organization for entrepreneurship program
Ooredoo, the Qatari telecommunications company, had entered into a partnership with the Cherie Blair Foundation for Women to provide assistance to businesswomen.
Shanghai free trade zone experiment on finance and economic policy
The Shanghai free trade zone is a testing ground for finance and economic policy in China. Shanghai's free trade zone would have Citigroup Inc and Bank of China Ltd as participants in the eleven square mile experiment.
Nufarm seek farmers to be open to foreign competition
Nufarm is asking for openness from Aussie farmers as foreign investors would increase competition with the industry.
Latest News
Videocon Group Chairman Venugopal Dhoot confirmed that its West Bengali project would commence by the end of 2013.
British solar solutions provider Solarcentury announced that it had formed a new venture in solar energy with South African local partner Momentous Energy.
JPMorgan's CEO met with the US Attorney General to finalize a settlement on the mortgage backed securities fraud investigations.
In an Upstart Business Journal report, Atlas Venture partner Jeff Fagnan endorsed startup investing network AngelList to Boston companies to increase venture capital investments in the area.
Online storage startup Box Inc co-founder Aaron Levie told an audience at a BoxWorks conference in San Francisco that the company's path towards an initial public offering would be the most natural thing to do.
According to a Reuters report, a struggling Alitalia would be closing shop soon if it won't be getting the cash it needs to implement Alitalia CEO Gabriele Del Torchio's long-term plans.
US and British regulators had charged interdealer broker firm ICAP's European arm and three ex-employees for rigging the London interbank offered rate to their benefit.
Kaufhof CEO Olaf Koch, in an interview, said the company is doing well and not considering mergers. Kaufhof, the German department store chain, is doing well but its owner Metro is planning to sell it.
Majid Al Futtaim Holding, the Gulf region's exclusive franchisee for Carrefour, is pulling out of Egypt and Syria.
