BlackBerry Ltd. was scheduled to meet with Canadian lawmakers to discuss the Investment Canada Act as investor concerns increased that a domestic buyout of the struggling company would no longer be possible.
Legal & Regulatory
American Airlines wins bankruptcy judge’s approval
US Bankruptcy Judge Sean Lane approved American Airlines' petition to exit bankruptcy today at a court hearing held in Manhattan.
EU competition authority to investigate tax systems of member countries
Tax avoidance systems in EU member countries are to be investigated by EU. An investigation is to be conducted by the European Union on Ireland, Luxembourg and the Netherlands for allegations these countries gave multinationals favorable tax deals over and above the EU's anti-competition rules.
TradeKing acquisition of GAIN Securities gets FINRA approval
TradeKing Group Inc. announced receiving an approval from FINRA for its acquisition of GAIN Securities Inc. assets.
Japan considers USD 50 billion economic stimulus package to cushion tax increase- sources
Japan was said to be studying the possibility of giving a USD 50 billion economic stimulus package to cushion the possible drag of its planned tax hike, sources told Reuters.
Latest News
Deutsche Bank AG was under review for excessive entertainment expenses made for pension fund executives.
Premier Li Keqiang said the Chinese economy was stable and that reforms would push through as planned.
Sheryl Sandberg met with the State Council Information Office (SCIO), an Internet regulator, in China yesterday.
The Telegraph reported that Royal Dutch Shell had postponed its refinery project worth USD 1.3 billion in eastern China.
Voters rejected the casino proposal of Hard Rock International for West Springfield, Massachusetts. The casino proposal of Hard International for West Springfield, Massachusetts was rejected by voters in West Springfield, Massachusetts.
The settlement paid out to investors for the collusion between Gen Re and AIG was already approved by US District Judge Deborah Batts.
The Reserve Bank of India (RBI) allowed local banks to borrow overseas up to 100% of their Tier I capital.
The USD2 billion deposit by the Qatari government in support of former Egyptian President Mursi's government was converted to bonds by the current administration in Egypt.
The Philippines' Department of Finance announced that it had begun to accept development proposals under the Philippines-Italy Debt for Development Swap Program.
