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.
Deals
Investors applaud Yahoo's plans to keep bigger stake in Alibaba
Investors welcomed Yahoo's plans to sell fewer shares when Alibaba goes public. News of Yahoo Inc's plans to retain a larger stake than what it had originally announced was welcomed by the company's investors.
UK government to decide next month on RBS split- report
A report from the Daily Telegraph said the UK government would be deciding on the future of Royal Bank of Scotland by next month.
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.
ECB head Mario Draghi seeks protection for bondholders
Bondholders were sought protected by Mario Draghi through the European Central Bank. The European Central Bank head Mario Draghi informed the European Commission last month requesting that bondholders be spared any losses in the event a bank rescue occurs until such time an EU banking union is put in place.
Latest News
Caesars Entertainment would no longer be partnering with Suffolk Downs to bid for a casino gambling license in the Boston area.
Dubai Land Department's managing director announced the launch of its e-Market website during the GITEX Information and Technology Exhibition.
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.
Grupo Ser Educacional SA had 30 days to comply with Brazilian regulator CVM in order to life the suspension of its planned initial public offering.
JPMorgan is nearing settlement of a suit filed by FHFA for mortgage related securities fraud. JPMorgan Chase & Co had reached a tentative agreement for the settlement of USD4 billion with the Federal Housing Finance Agency.
According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
CBOE Holdings Inc, the largest US options exchange owner, announced on its website the schedule for trading using the VIX.
An agreement was signed between NRG Energy and Edison Mission for assets worth USD2.64 billion. The largest independent power producer in the United States, NRG Energy Inc, had entered into an agreement to purchase most of the assets of the bankrupt Edison Mission Energy.
