IVCPOST Staff Reporter

Dubai plans to be an Islamic business hub- report

A Reuters report said Dubai made its plans public to become the center for Islamic business and sukuk issuance in the world.

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Central Bank Gov says Saudi Arabia is not concerned with shutdown

Saudi Arabia Central Bank Governor Fahad al-Mubarak remained confident that Washington would be able to resolve its political deadlock.

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Even with the shutdown, US EIA can still operate until October 11- official

US Energy Information Administration Analyst Mike Conner said the agency still had funds to operate until October 11.

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SEC lawyer accuses billionaire Mark Cuban of insider trading

SEC Lawyer Jan Folena said Mark Cuban cheated when he sold his shares in an Internet firm nine years ago.

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Bank investors in limbo on new EU rules regarding bank bailouts

New EU rules had been set to be implemented in 2018 left investors uncertain of their next move.

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China eases foreign bank regulations in newly-opened Shanghai free trade zone

The Chinese government would be easing regulations for foreign lenders seeking to do business in the newly-opened Shanghai free trade zone.

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US budget impasse, Italy crisis test recovery of global economy

The budget deadlock in the US and the political crisis in Italy could test the growth of the global economy.

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TV ad compares Boehner to a baby throwing tantrums

Representative John Boehner was compared to a tantrum-throwing baby in a television commercial set to go live on Sunday night football.

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Asian creditors least of America's worries- analysts

Asian creditors may be the least of the worries of the US government even if the US Congress would fail to raise its debt ceiling.

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Avaya to explore sale to Oracle after elusive IPO

Avaya Inc had explored a sale earlier this year instead of taking the company private, said a Reuters report.

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The impact of bad publicity on merger plans

According to a report from Reuters, bad publicity would cause a great impact on an upcoming deal as stated in the Journal of Financial Economics by Baixiao Liu and John McConnell.

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Susan Bennett reveals she is Siri after clamor on Verge

Susan Bennett said she revealed her identity after the release of a Verge video showing people's interest in the voice behind Apple Inc's voice app Siri.

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Google, SAP and Cisco in discussions about BlackBerry deal - sources

Google, SAP and Cisco had been in discussions to possible acquire struggling smartphone maker BlackBerry, said a Reuters report.

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Vivarte in talks to reset loan agreements

French clothing retailer Vivarte had been in discussions regarding a possible reset of its loan agreements to make its EUR2 billion debt easier to manage, said a Reuters report.

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Jana Partners takes large stake in Outerwall

Activist investor Jana Partners LLC had reported a 13.5% stake in Outerwall Inc. and said it was exploring options including a possible sale, according to a Reuters report.

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