Saad Al Muhannadi and Rachid Al Naimi were appointed as President of the Qatar Foundation and CEO of Qatar Foundation Investments respectively.
Investors
Morgan Stanley and others in faulty securities sale lawsuit by US regulator
The National Credit Union Administration (NCUA) had filed complaints against Morgan Stanley and eight other financial institutions for selling faulty mortgage-backed securities.
News of Gazprom divesting shares leads to rise of Amber Grid
Investors welcomed the news that Gazprom would be divesting itself of the 37% stake it holds in Lithuania's Amber Grid.
Applied Materials Inc to merge with Tokyo Electron
Applied Materials and Tokyo Electron signed a definitive agreement to merge and create a new firm valued at USD 29 billion.
Coates Hire agrees on "amend and extend" deal with current lenders
Coates Hire undertook a revised loan agreement with its existing lenders. Coates Hire Ltd, owned by Carlyle Group and Seven Group Holdings, would be undertaking an "amend and extend" loan with its existing lenders.
Latest News
A source told Bloomberg that Sony's Head of Marketing for its film unit, Marc Weinstock, was removed from his role.
Russian Presidential aide Yury Ushakov told reporters that state-backed nuclear company Rosatom would be signing an agreement with Fennovoima for the construction of a nuclear power plant.
Fairfax Holdings formalized a bid for BlackBerry at USD9 per share. In a surprise announcement, smartphone manufacturer BlackBerry had entered into an agreement to go private through a USD4.
A unit of China Investment Co, Chengdong Investment Corp, converted its Uralkali bond purchase to stock.
Boeing may well be the winner of the KRW 8.3 trillion or USD 7.7 billion South Korea fighter jet tender, a source told Reuters.
According to two unidentified sources, China would be opening its Internet portals to Facebook and other websites in the free trade zone in Shanghai.
Today, Dealertrack announced signing an agreement to acquire VINtek in a deal valued approximately USD53.4 million.
B2Gold Corp said the company had seen good deals for possible acquisitions in the next 12 months, according to a Bloomberg report.
Zafrul Aziz, Maybank's investment banking chief, submitted his resignation and would be joining CIMB Group Holdings Bhd, according to a Bloomberg report.
