Bafin, the German financial markets watchdog, clears German Bank directors of any wrongdoing. Bafin, the German financial market regulator, have not come up with any proof that the directors of the German Bank are behind the manipulation of the standard interest rates, according to a top official of Bafin that the Wall Street Journal Deutschland had spoken with over the weekend.

According to an anonymous source relayed to an Italian newspaper reported by Reuters, Telecom Italia would retain its stock on the fixed line network to prevent any takeover by Hutchison Whampoa.

Judge Ugo Bellini finds no evidence of fraud nor urgency to deem the issuance of a seizure order. An Italian magistrate has thrown out a request to issue an order to seize nearly Eur1.

The European Commission receives subsidy complaint against China for illegal subsidies on solar glass sold in the EU market.

In a move to help local Saudis, unused residential and military lands may be confiscated for that purpose.

Telenor ASA purchases HTO's Bulgarian mobile unit. The biggest telecommunications operator in the Nordic region Telenor ASA has entered into an agreement to purchase Hellenic Telecommunications Organization SA's Bulgarian mobile subsidirary for Eur717 million or US$934 million.

According to Morningstar's analysis, Vanguard Global REIT offers stable returns on investment.

BFA earmarks Eur275 million shares for Bankia. Reuters reported today that BFA, the Spanish state owned banking group, has committed that it will spend up to Eur275 million or US$358 million on the acquisition of new shares to be released by subsidiary lender Bankia by May of this year.

Zurich Insurance Chairman Josef Ackermann says that the insurer is withdrawing from biddings as the focus is on profit growth and not volume expansion.

Youku views mobile content as platform for profits for the firm. China's largest online video company, Youku Tudou Inc. , claims that original programming and a drive into mobile content will support the company as it looks into posting its first profit since its initial public offering in 2010.

Greek Finance Minister urged the legislative body to pass the reform measures required as a precondition to the release of the Eur2.8 billion tranche of bailout funds for the country.

McClendon, after his exit from Chesapeake Energy, is now undertaking a new venture, American Energy Partners.

With the proposed US$400 billion asset ceiling and 10% equity retention limit, banks may be forced into complicated situations.

BD Diagnostics inks a distributor agreement with Bruker Daltronics Inc. In an announcement it was disclosed that BD Diagnostics inked an international distributor agreement with Bruker Daltonics Inc.

Vale SA obtains clearance to leave Rio Colorado mining project. On Friday, a company spokesperson told Reuters that the Vale SA, a global miner, has already inked an agreement with the government of Argentina allowing them to quit from US$6 billion Rio Colorado potash mining project.

The deVere Group opens its offices on the Cayman Islands. The deVere Group has recently announced the establishment of its regional office in the Cayman Islands as a signal to its presence in the area.

Renault-Nissan CEO Carlos Ghosn expects approval for the China plant for the carmaker to be approved by the end of the year.

Ageas issues Eur1.00 per share extraordinary dividend due to sale of RPI portfolio and BNP Paribas call option.

Austria is now in the midst of forging an agreement to provide other EU countries data swaps to crack down on tax evaders.

MBIA engages the law firm of Weil, Gotshal and Manges on ways to avoid rehabilitation of its structured finance business unit.

Valeant Pharmaceuticals is in discussion to acquire Actavis for about US$13 billion. Valeant Pharmaceuticals International Inc, the largest publicly listed drug maker in Canada, is in discussion to purchase generics pharmaceutical firm Actavis Inc for US$13 billion.

Vodafone shareholders, should the US$100 million bid be offered, wants to either merge with Verizon Communications.

PIMCO's head of credit portfolio management is seeking to acquire investments and loans that have high risk but provide high returns.

CBRE announced a 12% profit realized from increased revenues from global property sales demand surge.

Recent research indicate US investors are again looking to snap up real estate ventures and investments located overseas.

SEC Chair Jo White is caught between a promise made during her confirmation hearings and the ire of consumer advocates she has sworn to protect.

Analysts and traders saw great fund inflows despite tumbling prices of gold and other commodities. Despite record losses for gold and other precious metals, many hedge funds and speculators continued to pour money into these investments.

The SEC is seeking to find ways to ease requirements to allow less complex ETFs to be registered with the bourse.

With interests in Volvo and other corporations, the sovereign wealth fund of Norway seeks to be more active in its deals and management.

Private investors acquire Bennett Tool and Die Co. A conglomerate of private equity funds acquired Bennett Tool and Die Co. , Inc. The conglomerate was comprised of private investors like InvestAsia, Jefferson Capital Partners, Capital for Business and Kansas Venture Capital.