BlackRock CEO Laurence D. Fink said the tapering by the US Federal Reserve would be extended until the March.
Sectors
Wix chooses Nasdaq over NYSE
Wix.com Ltd, the Israeli online provider of website management tools, chose to list in the tech oriented Nasdaq.
Hedge funds learn to identify debt crisis after Lehman Brothers collapse - report
Managers of hedge funds said to Reuters the worry over the US government defaulting on its debt payments was not as dire as they had experienced during the days leading to the collapse of financial services firm Lehman Brothers.
Snapdeal eyes new financing deal
A group of private equity investors, SoftBank and eBay had pumped in around USD150 to USD200 million worth of new funding to online marketplace Snapdeal.
Lehman Brothers Australian creditors approve insurance payment plan
Lehman Brothers' Australian creditors had approved a proposed insurance payment plan that allowed the company to receive around USD48 million.
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A payment of USD260.7 million was paid to Berkshire Hathaway for the exercise of its warrants from General Electric Co.
Wrigley issued a number of debt instruments with specific term lengths, yields and interest rates. An amount worth USD3 billion through a five bond offer was done by Mars Inc's Wm Wrigley Jr Co.
The European expansion plans of billionaire Carlos Slim was put on hold after failing to persuade the management of KPN to accept his takeover proposal.
Ahead of its IPO, Twitter hired JJ Hirschle, a former Google advertising executive as the company aimed to expand its businesses and strengthened its workforce.
US President Barack Obama had urged the Congress to move along with other agendas after reaching a deal to end the partial shutdown of the country.
The Singapore Stock Exchange had questioned the authority of Asiasons Capital to issue new shares for the acquisition of a stake in a US oil and gas company.
Jos. A. Bank Chairman Robert Wildrick said in an interview last Wednesday that the US apparel retailer had received strong support from top shareholders in the company for its Men's Wearhouse Inc. bid valued USD2.3 billion.
Egyptian telecoms magnate Naguib Sawirirs said that the unclear telecommunications policy in Canada would jeopardize foreign investment.
The shares of Australian building materials maker Boral Ltd had surged after the announcement of a joint venture with US peer USG Corp valued at USD1.6 billion.
