With vigorous criticism of the rules on banking exposure related to government related debt, the UAE central bank was forced to review the rules and study on how to lessen its harsh effects.
Legal & Regulatory
Freeborn & Peters hires Gary A. Jungels
Chicago based law firm Freeborn & Peters had announced the hiring of Gary A. Jungels as Partner for its Corporate Practice Group.
Anglo-American sells interest in Amapa iron ore mine to Zamin Ferrous
Zamin Ferrous purchases Anglo American shareholdings in Amapa iron ore mine in Brazil. The mining consortium established by Pramod Agarwal, Zamin Ferrous, had completed the purchase of the Amapa iron ore mine located in Brazil.
Brussels launches in-depth probe into Ineos-Solvay deal
Brussels had launched a full state investigation on the joint venture between Solvay and Ineos due to antitrust concerns.
Bank of Nova Scotia rebrands and launches Tangerine
ING Groep NV's Canadian online bank is to be known as Tangerine. ING Groep NV's Canadian online bank was purchased by the Bank of Nova Scotia.
Latest News
US Attorney General Eric Holder said his comments that confirmed talks of a settlement between American Airlines and the US Airways regarding the airline's planned merger.
Cooper Tire & Rubber and Apollo Tyres would be meeting in court today over its planned buyout deal.
School bus company Atlantic Express Transportation Corp filed for debt relief. Atlantic Express Transportation Corp sought Chapter 11 bankruptcy protection, according to a court filing.
Twitter reprices its IPO shares to USD23 and USD25 per share, pegging the volume price at USD1.75 billion.
Top equity fund manager in Thailand reduced domestic shares holdings and sold off stocks while protests against government amnesty bill continued.
SAC Capital pleaded guilty to five counts of criminal charges amounting to USD1.2 billion in penalty.
YRC Worldwide Inc sought new labor contract terms from its union employees to get lenders' approval to refinance the trucking company's borrowings.
In response to developments in US economy, Fed officials scaled back asset purchases. In a report by Reuters, the Federal Reserve scaled back asset purchases following the slow improvement of the US economy.
With Switzerland requiring higher capital ratios, banks may be hard pressed to continue with their normal operations according to JPMorgan Chase analysts.
