Investment One Financial Services Ltd purchased the Nigeria International Growth Fund for an undisclosed amount.

The Japanese government got the approval of a special panel to raise the national sales tax by 2014.

A source told Reuters that the FHFA would settle the lawsuit it filed against JPMorgan Chase & Co on subprime mortgages for at least USD 6 billion.

Proposals to overhaul the US tax system could eliminate the billions of dollars in tax breaks enjoyed by corporations.

Hermann Groehe said Angela Merkel would be most willing to tackle issues about European politics on their television debate this Sunday.

T. Rowe Price banned some American Airline employees from trading the funds in their 401k plans because of collective trading.

Reuters columnist Allison Schrager dissects the cause of unemployment in the US. Is the cause of unemployment in the US structural or cyclical? This was the question that Reuters columnist Allison Schrager attempted to answer in her column.

The Consumer Confidence Index of the US in August increased. The Conference Board, an independent business membership and research group, revealed that consumer confidence in the US increased in August.

Government protests and athletes' drug violations could imperil Turkey's bid for the 2020 Olympic Games.

The PCCI said that Indonesia had invited Filipino investors to invest in Amurang City's infrastructure and transportation sectors.

As data showed a recovery in the economy, an economist said the Federal Reserve would most likely stay on its September schedule to start easing its monetary stimulus.

Asset managers questioned the sufficiency of the communications efforts undertaken by Nasdaq when trading halts during technological crisis.

Pentagon said it still wanted foreign companies to do business in the US, but takeovers must not put national security at risk.

Fidelity & Guaranty Life had sought to raise USD1 billion through an initial public offering said people involved in the planning process.

According to a top Indian government official, Walmart's plans of getting into the country's multi-brand segment could be at its final stage.

Richard Perry's fund, Perry Corp. had increased its holdings in JC Penney Corp. by adding 3 million shares in the stake it already owns in the retailer.

Merger and acquisition deals in India had slowed down after fears on US and UK anti-bribery laws threatened investment.

Arturo Elias, Carlos Slim's chief spokesman said America Movil had no intentions of raising its offered bid for the remaining stake of KPN.

A US judge had granted the request of American Airlines and US Airways for an earlier trial against the US Justice Department that intends to block the two companies' planned USD11 billion deal.

AMC Entertainment announced a new initial public offering as it sought to raise USD400 million. AMC Entertainment Holdings Inc. is the biggest movie theater operator owned by the richest man in China, Wang Jianlin.

China Petrochemical Corp.'s unit, Sinopec International Petroleum Exploration & Production Corp. had agreed to pay USD3.1 billion for Apache's Egyptian oil and gas businesses.

Vodafone Group had announced selling its 45% stake in Verizon Communications that would end a 14-year old venture.

Zurich Insurance's Chairman Josef Ackermann resigned abruptly following the death of the company's CFO Pierre Wauthier.

American Express was said to compete for a stake in Foursquare Labs. American Express Co. had been reported to compete for an equity stake in Foursquare Labs.

Zurich Insurance Group dispelled its concerns about the resignation of Josef Ackermann in the wake of its CFO's death.

Canada-based Demeure announced receiving USD4 million from its third round of seed funding. Travel marketplace Demeure had raised USD4 million in its third round of seed funding.

US District Judge Colleen Kollar-Kotelly said she wanted the trial against American Airlines and US Airways to be held before the US Justice Department's proposed March 3 date.

The Civil Aviation Authority of the Philippines said it is confident that the country would be able to regain its Category 1 rating when the US FAA would visit in the next two months.

George Koutsos was named the new Deputy Chief Executive of the Hellenic Financial Stability Fund, replacing Marios Koliopoulos.

Swedish pharmaceutical firm Meda announced the signing of a deal for the USD 135 million purchase of US-based Acton Pharmaceuticals.