Brazil's benchmark Bovespa stock index increased by 2% after investors picked up Vale and OGX. On Thursday, Brazil's benchmark Bovespa stock index increased by 2%.
Deals
Surging demand for gadgets rewards Asian chipmakers
Asian chipmakers were expected to earn more due to the increasing demand for gadgets. Asian chipmakers were set to take advantage on a major change in the unstable industry.
India's FIPB approves 7 FDIs
Seven FDIs were approved by the Indian investment board. Seven Foreign Direct Investments of FDIs were approved by the Foreign Investment Promotion Board of India for ventures in local pharmaceutical firms.
Valeant Pharmaceuticals and Energy Sector Boost TSX
Valeant Pharmaceuticals and energy sector boost TSX The Toronto Stock Exchange's S&P/TSX composite index, Canada's main stock index, hit 12,217.
Bank of Japan Buys US$9.5 Billion Japanese Government Bonds
Bank of Japan bought US$9.5 billion Japanese government bonds. The Bank of Japan offered to buy Japanase government bonds worth of US$9. 5 billion. The government bonds had residual maturities from 1 to 10 years.
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Lululemon was sued for fraud over sheer yoga pants and its CEO sudden resigned. The CEO of Lululemon Athletica Inc. suddenly decided to resign from her position.
Telediffusion de France SAS was selling its French tower for US$5.1 billion. Telediffusion de France SAS' private equity owners were seeking higher than Eur4 billion, which is equivalent to US$5.
According to a new accounting rule, pensions were in bad shape. According to a new accounting rule that would take effect next year, US pensions were only 60% funded in 2012.
Michael Wekerle obtained Difference Capital Financial Icc's Convertible Unsecured Subordinated Debentures for US$10.75 million.
Australia's Brambles planned to spin off Recall Holdings. Brambles Ltd. has announced a revival of a previous plan to exit Recall Holdings. Recall Holdings, a data management business, would then be listed on the Australian Securities Exchange (ASX).
Creditors for Rede Energisa gave the Energisa offer the green light Creditors for Grupo Rede Energia SA, a Brazilian power distributor currently seeking to exit a backruptcy protection, approved for a takeover plan initiated by rival company Energisa SA.
Comcast Houston forecast soaring ratings from Dwight Howard's move to the Houston Rockets Los Angeles Laker Center's Dwight Howard's decision to move for the Houston Rockets signifies a victory for Comcast Corp against Time Warner Cable Inc.
Israel Corp. exercised its rights in TowerJazz, with TowerJazz raising US$22 million in the process.
Lloyds planned to sell its stocks amidst talk of investor boycott. Lloyds Bank planned to sell 39% stake, which is a step towards its privatisation. However, talks of boycott among investors could have a negative effect on how the sale proceeds.
