Venture capitalists pondered on costs for developing drones for commercial uses. Tim Draper, a venture capitalist, among others betted on the potential use of drones for commercial use in the US.
Regions
Germany's Bafin wants more information from ECB on debts
Banking regulator banking asked the European Central bank for details on what qualifies as debt. Bafin, Germany's banking regulator, wants the European Central Bank (ECB) to provide more information about the type of debts lenders would qualify for, according to a report by Bloomberg.
Asia's stocks fall after Feds tapers bets
Significant drops in stocks took place in Asia after the U.S. Federal Reserve Board pared economic stimulus.
Central Banks make currency-swap lines permanent to avoid future shocks
Central banks of the Group of Seven nations made permanent a cash crisis mechanism to avoid financial pitfalls.
Citigroup Inc. and JPMorgan Chase & Co. decide to put their top London currency dealers on a sabbatical after regulatory probe ensued, according to three sources.
Investment banks Citigroup Inc. and JPMorgan Chase & Co. put their top London currency dealers after regulatory probe.
Latest News
Bankers might be disappointed with Wall Street as firms would be setting aside more money for investors.
Facebook refused to boost frequency of mobile ads, which led to a 3% drop in sales. On Wednesday, Facebook Inc. displayed strong growth in the mobile advertising business.
Twitter invited potential investors on Wednesday for a luncheon in preparation for the microblogging site's initial public offering.
A Bloomberg report said Berkshire Hathaway Inc might be making more strategic acquisitions in the near future.
William Buchanan, the Chief Executive Officer of Lazard Capital Markets, stepped down from his post after a strategic review was done by the firm.
A report said the USD 600 million worth of naked bonds by Wynn Macau showed robust appetite for Asian gaming debt despite a slow economic growth in China.
OGX Petroleo & Gas Participacoes sold the stake it held in its only producing asset shortly before filing for bankruptcy.
Three Federal Home Loan Banks withdrew their objections at the settlement of a New York lawsuit offered by the Bank of America for its Countrywide unit.
Nine Entertainment would raise AUD 600 million for its IPO in Australia, a source said. A source told Reuters that Nine Entertainment Co would be going public.
