Last Wednesday, North and South Korea said through a joint statement that it would reopen the Kaesong industrial zone to attract foreign investors.
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RBI CEO seeking other options
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China to simplify investment rules to attract foreign investment
In accordance with the new free trade zones, China planned to simply its legislation to attract foreign strategic and financial investors.
ShopRunner minority stake purchased by Alibaba
ShopRunner added to Alibaba's recent purchases made to help in the former's IPO. Recently, ShopRunner a private shipping company owned by Michael Rubin, sold minority stakes to Chinese e-commerce company Alibaba Group.
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China announced its plans of easing laws for foreign investors in its free trade zones. China has planned to ease laws on foreign investment in the country's new free trade zones.
China would be giving perks for foreign and private investors interested in providing elderly care services and facilities in the country.
Pertrobras sold oil assets to raise USD2 billion to finance five-year plan. Petróleo Brasileiro SA (Petrobras) has sold oil stakes on different petrochemical and oil explorations projects.
Prime Minister Manmohan Singh of India said the country will not replaying the crisis that occurred in 1991 even as it experiences its slowest growth in a decade.
An explosion rocked the commodities port of Umm Qasr in Iraq. Two workers said the port of Umm Qasr was hit by a blast. A major commodities port located near Basra, Umm Qasr is also one of the largest in Iraq.
Experts said Al Jazeera America needs to define its mission to be able to succeed with its American audience.
Obama reopened issue on Fannie Mae and Freddie Mac to spur delayed housing policies reforms. US President Barack Obama recently revisited the issue on the need for major reforms on the housing market policies.
Capital One Financial Corporation on Friday entered into a deal with Fannie Mae-headed Beech Street for an undisclosed amount.
North and South Korea announced that they had agreed to reopen the Kaesong industrial complex, which was closed when tensions grew between the two countries in April.
