In a bid worth AUD1.5 billion, Westpac stands to acquire the asset finance and commercial lending units of Lloyds Banking Group in Australia.
Legal & Regulatory
Libyan Prime Minister kidnapped by Revolutionary Group
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.
Obama seeks immediate solution for stalled military death benefits
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.
LDR Holding to do IPO
Spinal medical device company LDR Holding would hold an IPO over five million shares of common stock this week.
Late subsidy forces Simran Wind to stop expansion plans
The late release of government subsidy for the IFC backed Simran Wind Project Pvt forces it to shelve expansion plans.
Latest News
A report from The New York Times' The DealBook said the US government would stand to lose billions of dollars in lost tax revenues should corporate inversion continue.
Multiple issues regarding the imposition of collectible tariffs have affected the schedule of imported coal power plants of Tata Power.
The European Union approved Aegean Airlines' takeover of Olympic Air. European Union regulators gave approval to Aegean Airlines to purchase Olympic Air.
US Senator John McCain angrily stated that US lawmakers should resolve differences to end the US partial shutdown that caused a halt in military death benefits, according to a Reuters report.
On Tuesday, Finance Minister Luis Videgaray said that Mexico had urged the United States to reach an agreement to raise the nation's debt limits to avoid a possible default that could ruin the international reputation of the country.
Asian share prices fell as the US government shutdown would reach a deadline that would probably cause a first ever US debt default if left unresolved, said a Reuters report.
US President Barack Obama would nominate the Vice Chairwoman of the Federal Reserve to replace outgoing chairman Ben Bernanke whose term ends in January next year.
JP Morgan Chase & Co, the biggest bank in the US, would cut lending to some businesses as risks confronted the bank's reputation, said a report from the Wall Street Journal.
Mark Cuban's insider trading trial saw emails he sent to then UBS SVP Charles McKinney support earlier testimony made by the Dallas Mavericks owner.
