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.
Legal & Regulatory
Poland to meet privatization target from smaller stake sales in 2014
Polands 2014 privatization target would be met through several sale of its stakes in listed firms. Poland had expected to meet privatization targets by 2014 through several sale of its stakes listed in companies.
Large international banks increase capital by USD 500 billion from 2009- Carney
Mark Carney, Chairman of the Financial Stability Board, said banks had infused fresh capital amount to half a trillion dollars since 2009.
Kingfisher Airlines sues International Aero Engines for USD 234 million
Mumbai-based Kingfisher Airlines sued International Aero Engines for engine defects. Mumbai-based Kingfisher Airlines Ltd filed a lawsuit against International Aero Engines (IAE) for defects in the planes' engines.
China COSCO Holdings expansion paves path for Piraeus privatization
A deal between China COSCO Holdings and Piraeus would pave the way for privatization of the largest port in Greece.
Latest News
The Central Bank of Malaysia said no to the proposal of BIMB Holdings to issue Islamic bonds to fund its purchase of Bank Islam.
Reuters reported that five of HTC's employees were jailed over the weekend over trade secrets breach claimed by the Taiwanese mobile phone maker.
Two of Everbright Securities senior executives resigned after severe penalties amounting to were imposed on the company for allegations of insider trading and other illegal activities.
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.
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.
