Initial public offerings were raised to US$42 billion in the second quarter from the previous US$20 billion made during the first quarter.

GSK was offered a formal takeover bid priced more than a billion pounds for its soft drink brand Lucozade and Ribena by Blackstone and Lion Capital.

Ahmed Reda Halawani resigned from Kingdom Holding Co. due to personal obligations and commitments as stated by the company in a statement on the Saudi bourse.

Onyx Pharmaceuticals Inc stated that it has rejected the unsolicited bid from Amgen Inc priced at US$120 per share piece.

Noki Oyj agreed to buy the stakes of Siemens AG in the Nokia Siemens Network according to sources. (Photo : Reuters)The image shows the Nokia Siemens Network sign inside the company's building.

Fund firms threatened the privatization of Lloyds Banking Group until rulings are clarified by banks and regulators.

France announced sale of its 4.69% stake in ADP, a Paris airport operator to Vinci and Credit Assurances.

Maria Fekter, Austria's Finance Minister was confident about getting the deal from EU after some negotiation.

The International Monetary Fund said the markets overreacted even if the US Federal Reserve didn't know how to stop buying bonds.

Through rights offering with private investors, Greece's Piraeus Bank would be able to raise Euro 7.33 billion.

General Council for Islamic Banks and Financial Institutions intends to expand to adjacent countries.

World Bank President Jim Yong Kim addressed the aims of the global lender to reduce poverty. (Photo : Reuters)President Jim Yong Kim of World Bank, gives a lecture on global creditor's goals.

Noodles & Co increased above its price range during the first day of trading and sold 5.36 million shares valued at US$18 per share piece yesterday.

The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.

Benoit Coeure, ECB Executive Board member, said the bank has Euro 50 billion on loans to small and mid-sized businesses.

Citigroup sold its Uruguay operations to Itau Unibanco. (Photo : REUTERS)Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.

Tiger Airways will pioneer a new route in the Philippine budget airline market. (Photo : Reuters)The office of a Tiger Airways ticketing office. Due to the recent spotlight on the Philippines' tremendous economic growth, Asia's low cost airline carrier Tiger Airways takes the opportunity to invest into what it considers to be a 'niche market.

Canadian investors fear the lack of transparency and inappropriate conduct from Pakistani government.

The ECB announced that Cyprus government bonds are ineligible as collateral due to lowered credit rating.

Japan's Government Pension Investment Fund will use its US$1.1 trillion budget to buy properties in major cities

Banco de Madrid gained Bankia's stake at Inversis. (Photo : REUTERS)Spain's Santander plans to invest in the country's so-called bad bank in a sign that healthy domestic lenders are willing to support the entity created to clean up the aftermath of a 2008 property crash.

Chinese fund managers suggested a lower exposure to stocks due to a probable cash squeeze. (Photo : Reuters)The image is a bank teller counting yuan. Fund managers from China lowered their preferred exposure to bonds and stocks this June as concerns regarding the effects of a cash squeeze in the money market were raised.

Outflows continue in record breaking fashion, as a total of $23 billion, the biggest since 1992, was reported.

Viktor Vekselberg continues expanding by initiating a bid to buy Schmolz+Bickenbach. (Photo : Reuters)Russian tycoon Viktor Vekselberg gives a speech in an assembly.

Europe, Middle East, and Africa all experienced a generally flat syndicated lending volume. (Photo : Reuters)The European Central Bank is expected to print money to prevent a further escalation of the euro zone's debt crisis.

The European Central Bank would suspend the eligibility of Cyprus's debt due to its demand to refinance its operations.

The South Korean F-X was extended to July 2 after receiving overwhelming bids from interested investors.

Senior vice minister Nishimura said that Japan needs a plan to boost growth. (Photo : Reuters)The image is a stack of Japanese yen. Yasutoshi Nishimura, senior vice minister for fiscal policy and economics, said that Japan must embrace new and solid growth measures to help the economy endure an upcoming consumption tax increase and other red ink reduction efforts.

Eurobank names Megalou as its new chief executive officer. (Photo : Reuters)The image shows a person coming out from a Eurobank branch. Eurobank, among the largest lenders to Greece, should follow an autonomous and more independent course, said its new chief executive officer on Friday.

Loans to the euro zone private sector declined further. (Photo : REUTERS)Structure showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt European region's private sector loans declined further last month as investors gain less interest for spending.