Etihad plans to invest USD600 million in Jet Airways after approval from Indian authorities. Etihad extended the regulatory clearance deadline of its USD600 million deal with Jet Airways.
Legal & Regulatory
European Commission approves BCP restructuring plan
The European Commission approved the restructuring plan of BCP, Portugal's largest listed bank.
Syria withdraws second tender offer to purchase white sugar
The Syrian government cancelled its tender to buy white 276,000 tonnes of white sugar two times after receiving only one offer from international traders.
Japan to use public funds to help Tepco with contaminated water from Fukushima nuclear plant
The Japanese government said it would use public funds to deal with the radioactive water emanating from the Fukushima nuclear plant as Tepco appeared overwhelmed by the problem.
Central Bank of Malaysia says no to sukuk issuance proposal for Bank Islam acquisition
The Central Bank of Malaysia said no to the proposal of BIMB Holdings to issue Islamic bonds to fund its purchase of Bank Islam.
Latest News
The oil consortium led by Essar oil is questioning a planned move to rescind an award over oil fields made seventeen years ago.
The Saudi Arabian government has cut down the number of pilgrims allowed to Mecca by requiring bonds for ferrying airlines because of ongoing expansion and construction at Islam's holiest mosque.
President Xi Jinping's anti-corruption drive tries another senior official of graft. The Chinese government's investigation on corruption has now turned to the head of its state assets regulator in what has been called 'serious discipline violations'.
The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.
An increasing number of GCC firms have relied on their lawyers for expertise in undertaking IPO transactions.
The Japanese government got the approval of a special panel to raise the national sales tax by 2014.
A source told Reuters that the FHFA would settle the lawsuit it filed against JPMorgan Chase & Co on subprime mortgages for at least USD 6 billion.
Proposals to overhaul the US tax system could eliminate the billions of dollars in tax breaks enjoyed by corporations.
Hermann Groehe said Angela Merkel would be most willing to tackle issues about European politics on their television debate this Sunday.
