Legal & Regulatory
G20 urges US to end deadlock and avoid debt default
Finance officials from the largest economies in the world had urged the US to avoid a possible devastating debt default last Friday, said a report from Reuters.
Investors caught in Samsung bid hoax for Sweddish tech company
A fake press release was sent claiming Samsung Electronics would buy Sweden’s Fingerprint Cards that made shares soar on Friday trading.
Barclays aids Detroit with lifeline financing
The city of Detroit had gotten a USD350 million debtor-in-possession financing from Barclays Plc after filing for bankruptcy last July.
Wall Street hopeful on debt solution in Washington
US stocks rose last Friday as investors were hopeful for the government to reach an agreement over the weekend to end the partial deadlock of the US government.
Latest News
Dobrolet means 'good flier' to help it navigate the competition in the cut throat budget airlines business.
The Carlyle Group obtained approval from the Southwark Council Strategic Planning Committee for the South Bank development project.
In a move set to gain further foothold in the Chinese financial services sector, Alipay's parent company purchases asset manager.
After its review under the Global Financial Stability Report study, Italy, Spain and Portugal stand to be financially distressed because of their exposure to possible loan defaults from corporations.
Jet Airways and Etihad Airlines literally went through the proverbial eye of the needle, through the eye of the storm and weathered a broken camel's back to finalize its deal.
Libyan Prime Minister Ali Zaidan had been kidnapped by a revolutionary group from Tripoli and was taken at dawn into an unknown destination, said a Bloomberg report.
US President Barack Obama directed government lawyers to find an immediate way to resume payments for the families of killed soldiers in Afghanistan, said a Reuters report.
Spinal medical device company LDR Holding would hold an IPO over five million shares of common stock this week.
The late release of government subsidy for the IFC backed Simran Wind Project Pvt forces it to shelve expansion plans.
MTN and Vodacom may be forced to cut back its business should no compromise be met on mobile termination rates.