Many analysts say the lack of transparency may put the free trade zone experiment in China in jeopardy, unless it is confirmed as one of the economic priorities of the Third Plenum of the Chinese Communist Party.
Legal & Regulatory
American’s Flight Attendants Celebrate Settlement Announcement
The Association of Professional Flight Attendants, representing 16,000 flight attendants at American Airlines, cheered the announcement today that the Justice Department has accepted a settlement in its antitrust suit against American Airlines and US Airways.
AMR CORPORATION AND US AIRWAYS ANNOUNCE SETTLEMENT WITH U.S. DEPARTMENT OF JUSTICE AND STATE ATTORNEYS GENERAL
U.S. AIRWAYS-NEW AMERICAN AIRLINES AGREED TO MAINTAIN ITS HUBS IN CHARLOTTE, NY, LA, MIAMI, CHICAGO, PHILADELPHIA, AND PHOENIX FOR A PERIOD OF 3 YEARS
Saputo's AUD449 million bid permitted by WCB board and Australian government
Canadian company Saputo Inc's AUD449 million offer for Warrnambool Cheese and Butter Factory Holdings Ltd. has been recommended by the WCB board and subsequently approved by the Australian government.
Reuters: Iran's Setad controls properties worth more than Iran's oil exports
The Setad, an entity created by the first Ayatollah, now had expanded its business interests to real estate and nearly twelve other Iranian companies both locally and worldwide.
Latest News
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.
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 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.
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.
President Xi Jinping and other Communist leaders to meet up for the third plenum of China. As the final quarter of 2013 comes around, China's economy has undergone an acceleration in manufacturing and exports creating momentum for the Beijing leadership to be confident on possible policy shifts to be implemented for the next decade.
Healthcare company Johnson & Johnson stopped selling some of its products to Amazon.com because of complaints about the site's third party sellers.
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.
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.
