The Brazilian unit of Julius Baer Group would be opening offices outside the main centers of Sao Paulo and Rio de Janeiro.
Investors
Arcapita rises out of Chapter 11 bankruptcy
The first Gulf region company that would come out of bankruptcy places many Western courts at a quandary on Islamic finance.
Tencent joins exclusive USD100 billion club on the Hang Seng
Tencent Holdings, with its recent share value rise, pushed the overall value to above USD100 billion.
Swiss investor confidence increases- survey
Investor sentiment improved in Switzerland for September, a new survey revealed. Investor confidence in Switzerland increased in September. Germany-based ZEW Center for European Economic Research and Credit Suisse Group based in Zurich revealed investor and analyst expectations rose to 16.
Hungary files to sell bonds in the US
Hungary applied for permission to sell bonds in the US market. The European Union's most heavily indebted member nation had filed with the US regulatory authorities for the issuance of USD5 billion worth of bonds.
Latest News
Pre-installation of Alibaba apps on China Telecom mobile phones part of strategic agreement- sources
Sources told Reuters that Alibaba's apps could be pre-installed on the mobile phones of China Telecom as part of the strategic agreement of both companies.
Sources told Reuters that shareholders of Smithfield Foods Inc was close to approving the Chinese company's USD 4.7 billion offer.
Sharp Corp announced that it would raise up to USD 1.68 billion through a public offer and third party placements.
According to a zdnet.com blog post, everyone won't be able to access iOS 7 right away after its release on Wednesday as servers could crash and the Internet might cease engine simultaneous searches from millions of Apple users.
On Wednesday, Ferrexpo PLC announced it had purchased a 14.4% stake in Ferrous Resources valued at USD80 million.
In a lawsuit filed in a Delaware court, shareholders claimed that Dole Foods Co Chief Executive David Murdock manipulated events in order to have his 2013 USD13.50 per share buyout approved by the company executive board.
Spain's Bankia had been in exclusive discussions with brokerage GVC to sell its own brokerage unit valued between EUR20 million and EUR40 million, said sources.
According to a Reuters report, Freelancer.com would be planning a local IPO in Australia that would help boost Australia's fast-growing technology markets.
According to sources, Polaris Financial Technologies had opened talks with Tokyo-based NEC Corporation to sell its IT division.
