A newspaper reported that German regulator BaFin probed Deutsche Bank over its anti-money laundering control.
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Bank of England robust job data raises doubts on rates
The Bank of England's record low interest rates were doubted after an unexpected dissent from its policymaker and its robust jobs data.
China launches new pharmaceutical bribery probe
China launched a fresh three-month slate to intensify its probe against rampant bribery in the medical services and pharmaceutical sectors in the country, according to the official Xinhua news agency.
China eyes big industries in price probes
China’s National Development and Reform Commission or NDRC planned to examine big industries such as petroleum, banking, auto and telecommunications as part of its ongoing investigations on anti-trust violations in the country.
Gap and Urban Outfitters record top retailer earnings
Gap and Urban Outfitters showed top earnings in retail apparel. Top 2 apparel retail companies are set to report earnings as the back-to-school season starts next week.
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Sirius XM Radio recently closed the acquisition deal with Agero Inc. Sirius XM Radio disclosed last Thursday on the company's acquisition of Agero Inc for USD 530 million in cash.
U.S. consumer prices went up as predicted in July. U. S. consumer prices went up as predicted in July. This increase may console officials of the Federal Reserve program who have been worried about low inflation while they evaluate process on cutting down massive bond buying schemes.
Greek politicians are coming to a head on the issue of home foreclosure auctions. Greece would be lifting its restrictions on the implementation of home foreclosures in order to give banks the leeway to recover its bad loans.
Cheraman Financial Services announced today a proposed plan of funding different infrastructure projects in Kerala.
Raifeisen Bank International CEO said financial investors would prop up its capital requirements. Raiffeisen Bank International, one of Austria's foremost banks, has said that part of its capital requirements would be met by financial investors.
In accordance with the new free trade zones, China planned to simply its legislation to attract foreign strategic and financial investors.
ShopRunner added to Alibaba's recent purchases made to help in the former's IPO. Recently, ShopRunner a private shipping company owned by Michael Rubin, sold minority stakes to Chinese e-commerce company Alibaba Group.
US anti-trust regulators filed a lawsuit against US Airways and American Airlines' USD11 billion merger saying that the deal would only result to higher air fares, service reduction and a strangled competition in the industry.
BBlackstone entered into talks with Goldman Sachs to purchase a minor stake in pensions and insurance company Rothesay Life.
