Germany's new leaders after its recent elections would reflect the future of not only the country but of the EU as well.
Legal & Regulatory
Pentagon finalizes USD 4 billion missile defense contract with Lockheed Martin
The US government inked a USD 4 billion missile defense contract with Lockheed Martin. Pentagon announced that it had finalized a deal with weapons contractor Lockheed Martin to provide more missile defense equipment to the US and the UAE.
Hedge funds set to make money as Lehman Brothers makes full payout
Hedge funds that gambled on Lehman Brothers expected huge payouts as administrators finished recovering assets.
China pushes private banks to raise private capital to avoid government bailout- analysis
A Reuters analysis revealed that Beijing was looking to private capital to strengthen the balance sheets of Chinese banks.
European Commission continues to evaluate financial transaction tax
European Commissioner Algirdas Semeta said work would continue on the proposed financial transaction tax.
Latest News
The latest German elections predicts a win for Chancellor Merkel with a slim margin. German Chancellor Angela Merkel, according to pollwatchers, would most likely win but had to fight to the last vote to keep her majority in the German parliamentary elections.
Warren Buffett, the billionaire head of Berkshire Hathaway, said that a possible standoff on the debt ceiling would be costly.
The return by Egypt of USD2 billion to Qatar is a sign of growing tensions between the two countries.
The Indian telecom department is nearing the completion of the new policy guidelines to govern the mergers and acquisitions in the industry.
Reuters reported that Monte dei Paschi di Siena was slated to announce a drastic recovery plan to avert a government takeover.
Global equity funds recorded the highest inflows the week before the US Federal Reserve announced its monetary policy.
The European Union and Singapore concluded a free trade agreement that would make doing business easier and more transparent for both countries.
The Canadian federal government together with two of the largest provinces are working towards a common securities regulator.
The Royal Bank of Scotland raised GBP 630 million by selling all the shares it holds in insurer Direct Line.
