New GCC firms rely on lawyers for IPO expertise

An increasing number of GCC firms have relied on their lawyers for expertise in undertaking IPO transactions.


Investment One Financial Services buys NIGFUND from Fidelity Bank

Investment One Financial Services Ltd purchased the Nigeria International Growth Fund for an undisclosed amount.

Japan government gets backing for tax hike

The Japanese government got the approval of a special panel to raise the national sales tax by 2014.

US regulators press JPMorgan Chase & Co for at least USD 6 billion to settle lawsuits- source

A source told Reuters that the FHFA would settle the lawsuit it filed against JPMorgan Chase & Co on subprime mortgages for at least USD 6 billion.


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T. Rowe Price banned some American Airline employees from trading the funds in their 401k plans because of collective trading.
Government protests and athletes' drug violations could imperil Turkey's bid for the 2020 Olympic Games.
The PCCI said that Indonesia had invited Filipino investors to invest in Amurang City's infrastructure and transportation sectors.
As data showed a recovery in the economy, an economist said the Federal Reserve would most likely stay on its September schedule to start easing its monetary stimulus.
Asset managers questioned the sufficiency of the communications efforts undertaken by Nasdaq when trading halts during technological crisis.
Pentagon said it still wanted foreign companies to do business in the US, but takeovers must not put national security at risk.
An anonymouse bourse official of the Mexican bourse told Reuters that the bourse canceled Minera Frisco's trades in the last 10 minutes of trading today as the share price spike was caused by a computer glitch.
Fidelity & Guaranty Life had sought to raise USD1 billion through an initial public offering said people involved in the planning process.
According to a top Indian government official, Walmart's plans of getting into the country's multi-brand segment could be at its final stage.
Richard Perry's fund, Perry Corp. had increased its holdings in JC Penney Corp. by adding 3 million shares in the stake it already owns in the retailer.
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