Due to stock market corrections, UBS announced that they are adjusting their portfolio Asset allocation strategists from UBS are saying that they are increasing their 'overweight' stance when it comes to equities.

Egypt stocks soar and debt insurance cost plummet after ousting of President Mursi After the military ousting of President Mohamed Mursi, Egyptian share soared 6% and debt insurance costs plummeted.

Cash crunch in China does not signify banking crisis According to experts, China's financial system is on a healthier trend. The recent cash crunch experienced by the country did not signal any systematic risk.

According to a data shown by fund research firm Morningstar, PIMCO Total Return Fund marked its weakest monthly performance last June.

According to analysts, big US banks were caused a multi-billion dollar dent after the selloff in the bond market in the last eight weeks.

There are more than a dozen top banks that are finalizing plans to run a GBP20 billion share sale in Lloyds Banking Group.

Cherin Group and AT&T announced that they have submitted a joint bid for Hulu AT&T Inc and Cherin Group announced that they submitted a joint bid for the auction of the video website, Hulu LLC.

Softbank joins the US wireless market after FCC approval for Sprint bid. Softbank Corp is now in the running to provide American with wireless and broadband telecommunication services.

US regulators finally approved the acquisition bid from SoftBank Corp to take control over Sprint Nextel.

BlackBerry is expected to face tough questions from investors during the annual shareholder meeting as the smartphone maker’s share went down by 28% last week.

Dell Inc’s shares fell more than 3% on Friday after investors grew skeptical if Michael Della and Silver Lake Partners could raise their buyout bid of US$13.65 per share piece.

Nokia's Standard & Poor's rating plummeted further in the junk territory. (Photo : reuters. com)Nokia, Finnish Telecom company SGV claims that Nokia is in no position to buy Siemens shares.

Accoriding to an ammendment, Amarc can increase controlling interest in the joint venture. An amendment to the ZNT and Galaxie joint venture was announced by Amarc Resources Ltd.

Glencore acquired 11.6% stake in PolyMet. Glencore Xstrata plc announced the acquisition of 31,756,979 common shares of PolyMet Mining Corp. by Glencore AG, a wholly-owned subsidiary.

Dell and Silver Lake proclaimed that they would not budge from their original offer price of $13.65 a share offer because this figure is already fair and reasonable.

Siemens admitted it did not have the capacity to produce 600 carriages that resulted to its withdrawal on the bidding war.

RBC Global Asset Management Inc.'s sales of funds increase in June. RBC Global Asset Management Inc. announced on Friday that June net sales were Can$318 million, comprising of Can$268 million for long-term funds and Can$50 million for money market funds.

Veolia Environment anticipated to earn Eur5 billion from the rich and rapidly growing hydrocarbon industry.

Fiat SpA and PSA Peugeot Citroen came to an agreement that would allow them to make new delivery vans in Italy.

Dennis Wilson, the Chairman of Lululemon Athletic is planning to offer 3.4 million shares of the company, reducing his control over the yogawear retailer by 3% as a result.

Bell Media acquired Astral and appointed new top executives. Bell Media officially acquired Astral Media Inc. for Can$3. 2 billion. The acquisition included two over-the-air TV stations, 77 radio stations, eight pay and specialty TV services, and last but not least, the Astral's out-of-home division.

Loblaw, Canada's biggest food retailer raised about Can$400 million for its real estate investment trust in an initial public offering.

China appointed Ding Xuedong as the new head of the country's sovereign wealth fund. Ding Xuedong was appointed as head of China's sovereign wealth fund.

Billionaire Eike Batista halted operations in iron-ore mine Corumba to save his empire’s commodities.

Conergy filed for insolvency after failing to get a deal with an investor who would finance its debts and operations.

Mark Mobius, CEO of Templeton Emerging Markets Group said that he has considered tapping growth in African emerging markets through private equity investments.

Wits Gold offered Great Basin Gold Ltd. ZAR 950 million though a stockholder loan for its Southgold unit.

A group of wheat growing states joined the US Justice Department antitrust division in investigating a proposed joint venture by ConAgra Foods Inc and Horizon Milling.

On Friday, Vivus Inc said that three of the nine people were recommended to the company’s board of directors by First Manhattan Co’s proxy advisory firm, ISS.

Vodafone Group PLC was expanding its enterprise in Africa with the hope to provide better service in the nation after earning Euro 1 billion.