The CEO of India's largest commodities bourse quit his job as CEO. Last Saturday, the Multi Commodity Exchange of India Ltd had announced its Managing Director and CEO Shreekant Javalgekar had formally submitted his resignation from the company.
Sectors
Chevron Corp files case in NY federal court on Ecuador case
Trial began Tuesday for the case filed by Chevron Corp against villagers in Ecuador and their lawyer Steven Donziger.
Budget deficits a second order problem- Summers
American economist Lawrence Summers said policy makers should focus on growth strategies rather than debate on issues about the budget deficit.
Italy needs supply-side reforms to fuel growth- IMF
The International Monetary said Italy would need to make supply-side reforms to boost its growth. Italy's growth has been hampered with high debt, an unstable government, red tape and low growth.
SAC UK sees exodus of traders to the competition
Lia Forcina, Alidod Shirinbekov and John Levavasseur left SAC UK for greener pastures. SAC Capital Advisors LP's Lia Forcina had managed over USD700 million during her stint in the firm.
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Fresh investments were promised by BP and Reliance Industries in oil and gas. The top executives of BP and Reliance Industries, CEO Bob Dudley and Chairman Mukesh Ambani respectively, jointly promised fresh investments worth up to USD10 billion in oil and gas.
Caesars Entertainment would no longer be partnering with Suffolk Downs to bid for a casino gambling license in the Boston area.
China-based Alibaba said it understood the importance of big data in driving its e-commerce business.
Dubai Land Department's managing director announced the launch of its e-Market website during the GITEX Information and Technology Exhibition.
A UK court had started to hearing evidence about the alleged London Interbank Offered Rate or Libor manipulation brought against Barclays and Deutsche Bank.
Major mining operation disruptions this year in the British-Australian mining company Rio Tinto had reduced investor interest in copper on the London Stock Exchange.
The New York Stock Exchange (NYSE) had approved a dry run on October 26 for trading firms to test its systems to check whether there are technical issues that could affect trading in the upcoming Twitter Inc IPO.
Voxeljet, whose technology was used to design Aston Martin cars for the James Bond film "Skyfall", traded as high as USD29.06 from its initial USD13 per share price after its debut on the German stock exchange.
An impending economic crisis could have happened to Americans should US Congress and the government had not arrived at a debt ceiling agreement.
