Dubai would be host to Eman Mansour's latest investment banking endeavor. Veteran Gulf Arab banker Emad Mansour had laid out plans to establish a new investment bank located in the tax free financial zone of Dubai.
Legal & Regulatory
OSX's Batista undergoes restructuring before bankruptcy proceedings
A new CEO was recently installed for billionaire Eike Batista's OSX as it prepares itself for bankruptcy and other legal processes, according to its lawyers.
Strict Hong Kong regulations threaten property developers
Property developers of high-end apartments and real estate in Hong Kong were not happy about the state government's new regulations on mortgage tax and downpayments.
Kenya's Eurobond issue to upgrade country's infrastructure
Kenya's Treasury Secretary Henry Rotich confirms the sale of as much as USD2 billion worth of Eurobonds for the country's debt payments and energy projects.
Haiyan devastates not only country, but may also affect economy
Typhoon Haiyan's devastation would also lower the growth of the Philippine economy. The Philippine benchmark index had its largest decline in the last six weeks amidst concerns from the consequent devastation from Super Typhoon Haiyan would affect the economic growth of the country.
Latest News
A Wall Street Journal report said big banks were thinking of blocking traders from chat rooms as regulators intensify probes on market manipulation and collusion
Monier Group Services was able to get an extension for its debt even without the backing of all its creditors after London's High Court decided on the matter.
US Department of Transportation found that US Airways Group was guilty of not providing standard disability services to its passengers.
US Justice Department's condition to AMR Corp and US Airways to lift the former's lawsuit could further delay merger plans.
The Central Bank of Ireland assured the public that it had been pursuing an alternate solution to bail out Newbridge Credit Union after talks of a merger with Naas Credit Union had failed.
Germany's coalition government formalized a measure to provide funds and expertise for a European bank to manage the loan agreements and if necessitated, closure of banks.
Since the Facebook bungle, Nasdaq had been hard pressed to recover to list more tech IPO stocks in its fold.
Market acceptance at an IPO lull period is the message Twitter sent to all fellow start ups. The initial public offer of Twitter had sent a powerful signal to technology executives reviewing market floats of Silicon Valley startups.
Hannes Smarson is facing embezzlement charges is his role in the misappropriation of funds from FL Group hf during his time as its chairman.
