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Anti-corruption drive nets another senior Chinese official

President Xi Jinping's anti-corruption drive tries another senior official of graft. The Chinese government's investigation on corruption has now turned to the head of its state assets regulator in what has been called 'serious discipline violations'.


Warba Bank shares now allowed for trading in the stock market

After a three year prohibition on share trading, Warba Bank shares are now available for trading in the stock market.

Coca-Cola Femsa acquires Spaipa SA Industria Brasileira de Bebidas

The latest purchase made by Coca-Cola in Mexico was recently announced after an acquisition spree across three continents was undertaken.

US consumer spending increases slightly

Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.


Latest News

Ironridge Global Partners LLC establishes China fund to invest in Chinese midcap companies or US firms doing business in China.
To better achieve business goals for their partners, the InfoTrust Group utilizes the goodwill and leverage the Flatirons Solutions name provides.
Russian Aviation companies signed deals amounting to more than USD 12 billion in the 2013 International Aviation and Space Salon (MAKS).
The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.
Moody's the ratings agency said that the Islamic banking sector of Oman would grow between six and eight percent in the next five years.
An increasing number of GCC firms have relied on their lawyers for expertise in undertaking IPO transactions.
Investment One Financial Services Ltd purchased the Nigeria International Growth Fund for an undisclosed amount.
The Japanese government got the approval of a special panel to raise the national sales tax by 2014.
A source told Reuters that the FHFA would settle the lawsuit it filed against JPMorgan Chase & Co on subprime mortgages for at least USD 6 billion.
Proposals to overhaul the US tax system could eliminate the billions of dollars in tax breaks enjoyed by corporations.