GIB has intended to borrow money instead of using public funds aiming to expand overseas. However, Environmental Audit Committee has recommended the government keeping a minority stake in GIB to ensure the bank’s objectives as well as its long-term strength. Following the recommendation, the government has started bidding for selling at least majority of the stake in GIB.

China will lower threshold for foreign investment and advance the revision on relevant regulation. China targets to attract more foreign investment in the country.

InstarAGF Asset Management announced the initial closure of its C$372 million fundraising for InstarAGF Essential Infrastructure Fund. The fund aims to purchase power, social and civil infrastructure assets and amenities with ecological downside protection.

Activist investor Carl Icahn on Monday reported a loss of $1.7 billion investment in 2015. This was a 18% down from previous year.

S&P 500 index began this week by slide below closely watched threshold. However, on Wednesday as Asian stock continued raising for third consecutive day, indexes began to recover.

Drone racers around the world will face and compete with each other in Dubai to vie for the prize stake of $1 million that will be distributed in the different categories. The team that wins the race will get $250,000. Dubai's sky will be invaded by qualifiers on March 7 and 8, where the main event happens on March 11 and 12.

Google’s Digital News Initiative (DNI) program has just granted more than $30 million to selected projects in 23 European countries. It’s the first batch of the long-term $170 million project to help stimulate innovation in digital journalism.

Ma is going to expand his control in media arena through acquiring stake in Caixin Media. However, the media company has confirmed that the potential investors primarily agreed not to interfere in Caixin’s editorial interest. Details of the possible deal hasn’t been available from either party.

SunEdison has announced on Wednesday suspending quarterly dividend followed by earlier decision for making delay in disclosing quarterly earnings report. Following these revelations, the banks deciding earlier to extend loan facility, have pulled out from the loan commitments. Delay in disclosing earnings violate prior loan agreement which has been cited as the reason for pulling back.

Fidelity Investment wrote down many of tech startups in its January valuation report. Canadian startup darling Hootsuite Media Inc. was among the list.

Honda has invested an extra cash of GBP 200 million in the Swindon facility. This move highlights the company's long-term desire to commence a manufacturing plant in the UK.

Tech salaries are soaring higher, as last year it more than doubles the average pay in other sectors. It proves that the tech industry remains a major driving force in the U.S. economy with high income and massive job gains across the country.

Alphabet Executive Chairman Eric Schmidt has been appointed by the Pentagon to lead a special defense board. He will personally advise the agency on emerging tech brought familiar to him in Silicon Valley. Pentagon is reaching out to Silicon Valley as well as hackers to help improve the bureaucracy’s digital security.

During five years, the Department of Energy’s ARPA-E program has invested in hundreds of projects for a total of $1.3 billion. The agency is still pushing forward to improve its funding system to help more projects commercialize its technologies.

Indian Finance Minister has apparently faced the brunt of imposing tax on withdrawals from EPF. Ahead of widespread criticism, he has explained certain provisions in the proposed budget arguing in its favor. However, he has hinted for a partial rollback.

Public worker unions are raising voice against huge fees and bonuses being paid to private fund managers. New Jersey's (N.J.) government worker pension fund paid $728 million in fees to private fund managers for 2015 year.

Cisco has acquired Leaba Semiconductor, an Israeli company for less than $400 million. The acquired company provides new ideas and solutions for important infrastructure difficulties. It focuses on the product design, development and marketing and develop affinity with silicon wafer manufacturers.

The European Bank for Reconstruction and Development (EBRD) is supporting National Bank of Greece via its trade finance scheme. From 2015, EBRD is investing in Greece, helping the crisis-hit economy recover as early as possible.

Argentina is planning to issue $15-bilion bonds making it the largest sum by any developing nation since 1996. Country's new President Mauricio Macri-led government will use funds mobilized through bonds for repaying debts and supporting government spending.

Led by energy and banking stocks, equities on Wall Street surged after the latest data buoyed investor confidence. Crude oil price was nearing $35 per barrel. Wall Street is waiting for jobs data to be released on Friday.

According to a latest 'Beige Book' from US Federal Reserve, economic activity in some districts has been slowing down, while some recorded modest growth in labor market. The latest financial market crash also hit consumer spending severely in some areas.

It's been almost a year since Exelon and Pepco announced their possible merger. Both companies are now facing difficulties as they need to comply with new conditions the district imposed. They have to adapt with the new terms if they want the merger to move forward.

On Tuesday, the precious metal gold glided owing mainly to the increase in a dollar. In addition, the positive US data, which fuelled the speculation on Fed interest rate hike, drove the global share market to a new height.

Intending the erase the image of lavish supercar maker, McLaren has introduced its 570 GT model. The auto manufacturer has pledged to continue producing cheaper cars for broadening its arena in the UK automobile market. The car maker has adopted an expansion strategy involving £1 billion fund aiming to triple the yearly production.

The Government Pension Investment Fund of Japan reported an investment profit of ¥4.73 trillion in the third quarter of 2015, compared to an investment loss of ¥7.9 trillion in the previous quarter.

A Google’s autonomous vehicle was involved in an accident with a public transit bus last month. That was the first accident ever caused by the vehicle’s software, leading Google to state its responsibility as the company aims to refine the car’s software.

Foresters and Proj Fox Acquisition have signed a deal on February 29, 2016, whereby, Foresters will indirectly buy both Aegon Fund Management (AFM) and Aegon Capital Management (ACM).

After United Technologies refused its $90.7 billion offer, Honeywell announced on Tuesday to stop its effort in acquiring its rival company. United Technologies refused the offer because of regulatory concern.

Blippar has a total funding of $55 million in Series D including those from its present investors which CEO and founder Ambarish Mitra called as investors with 'long-term vision'. The said fund will be used to 'power the future of visual discovery'.

The US Department of Labor has proposed a fiduciary rule which is believed to cause increase cost for brokerage business. The proposed rule is now being reviewed by the Office of Management and Budget. But fearing enactment of tougher rules, Metlife has announced on Monday selling its US adviser unit to MassMutual for $300 million.