Through rights offering with private investors, Greece's Piraeus Bank would be able to raise Euro 7.33 billion.

General Council for Islamic Banks and Financial Institutions intends to expand to adjacent countries.

World Bank President Jim Yong Kim addressed the aims of the global lender to reduce poverty. (Photo : Reuters)President Jim Yong Kim of World Bank, gives a lecture on global creditor's goals.

ThyssenKrupp would sell off its European steel business, according to its CEO. (Photo : Reuters)The image is the signage in front of the ThyssenKrupp corporate headquarters.

The IPO of Associated Materials is well on its way as it chose the banks to manage the sale. (Photo : Reuters)The image is a home building store. The plan to introduce shares of Associated Materials to an IPO is well underway as buyout firm Hellman & Friedman LLC has picked the banks to manage the home building materials manufacturer's share sale.

Noodles & Co increased above its price range during the first day of trading and sold 5.36 million shares valued at US$18 per share piece yesterday.

The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.

Benoit Coeure, ECB Executive Board member, said the bank has Euro 50 billion on loans to small and mid-sized businesses.

Citigroup sold its Uruguay operations to Itau Unibanco. (Photo : REUTERS)Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.

Tiger Airways will pioneer a new route in the Philippine budget airline market. (Photo : Reuters)The office of a Tiger Airways ticketing office. Due to the recent spotlight on the Philippines' tremendous economic growth, Asia's low cost airline carrier Tiger Airways takes the opportunity to invest into what it considers to be a 'niche market.