A US district court has rejected Citigroup Inc.'s injunction barring Abu Dhabi Investment Authority (ADIA) from seeking a secondary arbitration over its USD7.5 billion investment in the then-beleaguered bank.
Legal & Regulatory
U.S Senators wants the NSA PRISM program to stop
3 U.S Senators published an op-ed in the New York Times today, questioning on why American citizens were not able to have the knowledge to challenge the infringement of their privacy rights.
TPG files suit against Israel's Strauss in Dutch court
Private equity firm TPG has asked a specialised Dutch court to order an inquiry into the affairs of Strauss Coffee, in which it holds a 25 percent stake, claiming majority owner Strauss Group had abused its rights in the company.
Nanex's charts threaten US trading on market regulation
According to a report by Bloomberg, the charts produced by market-data provider Nanex LLC caused the ire of some traders, who insisted that Nanex's charts caused unnecessary investor anxiety.
Bank of Cyprus hired former RBS deputy chief to lead restructuring
In its efforts to restructure the company, Bank of Cyprus hired former deputy chief executive Euan Hamilton from the Royal Bank of Scotland as a consultant. Bank of Cyprus's efforts to turn the state of the company around has been hindered by political infighting as well as heavy criticism over its lack of transparency.
Latest News
According to Xinhua, China Mobile will be the first carrier to provide 4G LTE in China starting Dec 18th. It would certainly boost Apple, of which the latter is eager to regain a significant market share that was lost to Android, said TechCrunch.
In order to comply with competition issues surrounding its July acquisition of Whyte & Mackay owner United Spirits Limited, Diageo PLC offered to sell majority of the latter's distilleries.
Facebook CEO Mark Zuckerberg gave his thoughts about NSA surveillance techniques in an episode of 'This Week on ABC today.' Zuckerberg thought that the government failed regarding its actions on privacy matters and calls for more transparency.
A joint bid that would later split up Time Warner Cable between Comcast Corp and Charter Communications Inc may allow the deal to avoid strict scrutiny from antitrust regulators and the Federal Communications Commission.
American Airlines Inc was slapped with another lawsuit claiming its merger with US Airways Inc would break antitrust laws, putting another roadblock on its exit from bankruptcy.
Citing a draft of the fund, a report from Bloomberg said the planned Sovereign Wealth of Zimbabwe may obtain a portion of the country's share of mining revenues.
The new collateral-free microfinance program set to be implemented next year by the Finance Ministry of Thailand to fight illegal loan sharks may not gain wide acceptance due to its high interest rate, according to a report on The Nation.
Following a nuclear deal reached in Geneva, the European Union has removed the ban on insuring tankers transporting Iranian oil. The EU also agreed to release USD4.2 billion in frozen oil assets and permit Iranian crude exports to continue at its current levels.
A report from Israeli scientists explored the connection between the arrested operator of Silk Road Ross William Ulbricht and the secretive inventor of the digital currency bitcoin Satoshi Nakamoto.
