Majid Al Futtaim Holding, the Gulf region's exclusive franchisee for Carrefour, is pulling out of Egypt and Syria.

The European Securities and Markets Authority had sought for the imposition of a levy for non EU clearing house operators.

Berlin is the site for the European headquarters of Etihad Airways. Eithad Airways recently unveiled its new headquarters in Berlin, enhancing the Gulf aircarrier's presence in Germany as well as the whole of Europe.

Oman is now opening itself to world class cargo operations. The Omani Government had laid out plans to make significant investments in new cargo facilities in various airports in the country.

Consumer goods conglomerate PepsiCo appoints new AMEA CEO in Sanjeev Chadha. PepsiCo Inc, the US based softdrink giant had announced its appointment of its new CEO for Asia, Middle East and Africa, Sanjeev Chadha to be made effective immediately.

Marek Belka, Poland's Central Bank Governor, had urged local banks to find opportunities through purchase of local rivals that are owned by foreign banks.

A draft bankruptcy plan is in the works for the city of Stockton and its bond creditors and other insurers.

The South Korean technology firm Samsung offered to settle with the EU Competition Commission as to the patent lawsuits currently being investigated.

NALCO, through a plan unveiled at its annual general meeting, would expand and invest in the energy, non-ferrous and other sectors.

According to AirAsia CEO Tony Fernandes, the MoU signed by Tata and Singapore Airlines is a 'non-issue'.

BlackBerry CEO Thorsten Heins had declared his disappointment as to last quarter's results. BlackBerry CEO Thorsten Heins intimated he was 'very disappointed' with the results from the last quarter as the sales of the company's smartphones plunged, most especially in the Americas.

High end brand Massimo Dutti was given permission by the Foreign Investment Promotion Board to set up shop in India.

Compared to JPMorgan Chase, Citigroup's legal costs would easily reach USD5 billion. The next US bank primed for legal and regulatory scrutiny would be Citigroup Inc.

JC Penney Co Inc's decision to sell shares caused its stock value to further depreciate. The decision by JC Penney Co to strengthen its cash reserves by the issuance of new USD1 billion in new shares resulted in a decline in its stocks by more than 13% last Friday.

The CFTC warned that all buyers must be allowed to participate and operations need to be transparent as required by the Dodd-Frank Act.

Alfa, the Mexican conglomerate, had laid out plans to conduct an IPO of its food subsidiary Sigma Alimentos.

America Movil is biding its time in making a formal offer for KPN. America Movil SAB recently said it won't be making a formal offer until early October as it needs more time to negotiate with the management of Royal KPN NV.

General Motors newly issued unsecured bonds were offered to the market and was lauded as preparatory for the return to investment grade status.

Arkansas is the first of many states in the US that would receive funds for Medicaid expansion under Obamacare.

Greencoat, fresh from its IPO, purchases two wind farm projects from BayWa at a total cost of GBP70 million.

OCC would register in Europe in order help companies seeking to trade in equity derivatives based in Europe.

Sino Ocean Land Holdings sold off new shares to China Life Insurance Co and the Nan Fung Group. One of the largest real estate developers in China, had said it would be raising USD808 million through the sale of new shares.

The conflict between heads in Intesa Sanpaolo may come to a head next week as Supervisory Board Chair Giovanni Bazoli meets with CEO Enrico Cucchiani.

An IPO or share sale by end of 2014 would be preferred mode of exit, according to TUI AG CEO. One of the shareholders in Hapag-Lloyd AG, TUI AG, has laid out plans to exit from its stake in Germany's biggest container shipping company.

According to a VW spokesperon, the trading volume at the London Stock Exchange was too low as against the administrative costs required.

Peugeot still is waiting on Dongfeng's investment while Chang'An Auto is all out in a venture with the French carmaker.

The Department of Telecom, upon the urging of the Comptroller and Auditor General, had confirmed the charges imposed on Bharti Airtel for improper spectrum use in seven areas.

Hettich's future plans include investments in research and development as well as training. Hettich, the German furniture fittings and hardware company, who has a subsidiary in India, said it would be investing about INR500 crore in the next five years.

The Fed Reserve's turnaround on tapering had opened better loan prospects for banks in India. IndusInd Bank is India's fourth largest private sector lender.

The Asian Development Bank had allotted two loans for renewable energy and utilities projects in both eastern and western India.