The Korean Financial Investment Association was visited by members of the Fair Trade Commission to obtain documents on its probe as to alleged rate fixing for the country's certificate of deposit.
Investors
Many years later, the shadow of the 2008 crisis still linger
According to Bloomberg data, investor sentiment still had not returned to the US financial industry.
Carlyle's Axalta to gain from expanding car markets and collisions in Brazil and Mexico
According to Axalta CEO Charlie Shaver, the Carlyle owned paint and coatings firm would benefit from car population increases in Mexico and Brazil.
Boeing nearing close of South Korean fighter jet deal - source
A source told Reuters that Boeing Co would be picked as South Korea's supplier for its fighter jets in a KRW8.3 trillion or USD7.64 billion agreement.
Pebble smartwatch says no thanks to acquisition by competition offers
In a tech conference in San Francisco, Pebble Technology founder Eric Migicovsky expressed his confidence on their smartwatch product against similar products of tech giants such as Samsung and Apple.
Latest News
Paulo Portas, the new Portuguese deputy prime minister, would have oversight over budget negotiations, a position that would prove problematic in light of Portugal's compliance with previous requirements.
Nissin Foods was reported to be in advanced discussions with India's Capital Foods for a possible buyout, said sources familiar with the matter.
The Chinese government, amidst calls for a pending crisis due to bad debts, is pushing its banks to shore up its capitalization in compliance with Basel III.
Miss America 2014 announced Nina Davaluri from New York as its new winner during the pageant held in Atlantic City.
Kudu, the Saudi Arabian fast food chain, had opened bidding for 60% of its shares with KKR and Abraaj as the firms front running for the bids.
Raiffeisen Bank International had been drubbed by bad debts in its Eastern European business as well as insolvencies and restructuring in its home country of Austria.
Lippo Group owned by Indonesian tycoon Mochtar Riady said it had been looking to acquire real estate assets in the US after signs of economic recovery were seen the world's biggest economy.
Rabobank Groep would open its first commercial banking branch in Turkey with a USD300 million in capital after it got regulatory approval last month.
The 'Lehman Weekend' was the height of the financial crisis five years ago and may be repeated if 'shadow banking' would be allowed to continue without regulatory action.
