Standard Chartered organized this year's annual conference held in India by bringing African chairmen.

Former Provident executives were sentenced to jail after pleading guilty for investment fraud. According to United States attorney John M. Bales' statement today, four executives from Provident Royalties, Inc.

A. Schulman Inc dropped its bid for Ferro worth US$563 million after being ignored for months. A. Schulman Inc, a chemical producer, announced that it withdrew its bid for Ferro Corp.

The FCC approved Sprint's acquisition of Clearwire and SoftBank's investment on Sprint. After a unanimous vote, the Federal Communications Commission announced that it approved the transactions between SoftBank Corp, Sprint Nextel Corp.

In a meeting between British investors and state officials, opportunities for investments in Andhra Pradesh were discussed.

The benchmark Japanese government bond prices climbed which resulted to a proposed auction of a 30-year debt.

Minister of Food and Agriculture of Ghana Clement Humaldo urged investors to help cut down the losses from harvesting.

China and Switzerland signed in a free trade agreement today in Beijing. A new free trade agreement was signed by the governments of China and Switzerland today.

Investors said that the bond yield spike brought about by new jobs are signals to prepare their portfolios.

Asia's shipping industry was believed to be the best spot to experience recovery from the industry's worst slump.

Indonesia's cattle industry is receiving a long-awaited backing from Australian investors. After more than four years of wooing, the Indonesian cattle industry has successfully acquired much needed love from Australia.

Energisa takeover was pending court approval. A bid by Energisa SA to takeover Grupo Rede Energia SA was approved on Friday by the company's creditors.

The IRS proposed reform for the money market fund industry is set to tackle tax matters. On Wednesday, the US Internal Revenue Service recommended new regulations.

Asian stock became cautious while the European Central Bank held a summit and US payrolls report loomed.

A joint venture between Kenya Airways and KLM Royal Dutch Airline was granted 7 more years to operate.

The Iranian central bank has set the official dollar-to-riyal rate to 24,779. Iran's central bank has listed on its website on Saturday the new price of a dollar.

The Indian state of Punjab announced its open post for consultants. In accordance to a recent announcement by the Punjab government regarding industrial policy, new measures were being formalized to create land bank for the industry.

Dell buyout will not push through at US$24.4 billion. The deal to buyout Dell Inc. would not push through. According to people who had direct knowledge of the deal, Silver Lake Management LLC and Michael Dell would not be closing a buyout deal for the offer of US$24.

BP of South Africa made a huge investment on youth education. "We need more of these types on investments so as to grow the pool of young people who could be university ready," said Dipuo Peters, talking about a recent investment made by South Africa's largest oil company, BP.

Representatives from several Chinese firms defended their unpopular mega projects in Myanmar. In a press conference held in Rangoon, Myanmar yesterday, the Embassy of China and several representatives of Chinese state-owned companies issued a statement regarding the mega projects being developed in the country.

US municipal bond fund drop according to Lipper. According to Thomson Reuters' Lipper, the four-week moving average of US municipal bond funds remained negative at US$2.

The Reserve Bank of India announced new guidelines regarding the 'ownership' and 'control' of FDIs in the country.

Asian chipmakers were expected to earn more due to the increasing demand for gadgets. Asian chipmakers were set to take advantage on a major change in the unstable industry.

Pakistan's prime minister Nawaz Sharif told Chinese investors to invest in the country's energy sector.

Seven FDIs were approved by the Indian investment board. Seven Foreign Direct Investments of FDIs were approved by the Foreign Investment Promotion Board of India for ventures in local pharmaceutical firms.

Small banks cheered as US authorities drafts tough rules for Wall Street. After a vote, the Federal Reserve Bank decided in favor of the US version of global Basel III capital rules.

US investment industry continued to resolve the problems on ethics and costs amidst controversies. An average of US$8 million would be spent by Wall Street's brokerages.

The Investment Company Institute recorded US$28.1 billion withdrawals from bond reserves. Investors in mutual funds headquartered in the United States withdrew US$28.

Valeant Pharmaceuticals and energy sector boost TSX The Toronto Stock Exchange's S&P/TSX composite index, Canada's main stock index, hit 12,217.

Bank of Japan bought US$9.5 billion Japanese government bonds. The Bank of Japan offered to buy Japanase government bonds worth of US$9. 5 billion. The government bonds had residual maturities from 1 to 10 years.