The stock markets of the Middle East breathed a sigh of relief as the US-Russia agreement on Syria's chemical weapons averted a military strike.
Investors
Prime Minister says Mongolia to sell Samurai bonds
According to a statement from Mongolia's Prime Minister, the country would sell its Samurai bonds this year in a deal valued to as much as USD1 billion.
Ex-Obama economic aide withdraws from Fed chair consideration
Lawrence Summers, ex-economic aide to US President Barack Obama, had withdrawn from consideration to succeed Federal Reserve outgoing chair Ben Bernanke.
Westfield sells U.S. malls to Starwood
Westfield Group said it would sell its seven US shopping centers to Starwood Capital in a deal valued at USD1.6 billion.
Egypt's Citadel Capital plans capital hike
Egyptian private equity firm Citadel Capital said on Sunday it would increase its capital following the clearance it had won from the company's shareholders.
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The experience of some Muslim dominated countries as to tapping Islamic pension funds for capitalization had reaped benefits.
In an interview, Donatella Versace confirmed the near finalization of a deal with a minority stakeholder.
About INR900 crore had been earmarked for Tata Sky's format upgrade. Tata Sky, the direct-to-home television operator, had drawn plans to invest its INR900 crore this fiscal year on technology upgrades in order to reach out and achieve a 30% growth in subscribers.
DGH, in an order, required the relinquishment of awarded concessions to Reliance-BP for the 'expiry' of time for its development.
Because of the proliferation of smartphones, Olympus Imaging India is scrapping its low end camera line and the focus would be on its premium brands.
The INR3,000 crore investment this fiscal year by Tata Motors would push through despite economic slowdown in India.
The network branches of India Infoline Finance had been set to expand its clientele and service offerings.
Tom Bolland, current COO of Lehman is helping wind down the bank's business. Tom Bolland, current chief operating officer of Lehman Brothers International Europe, is under the employ of Tony Lomas, joint administrator and PriceWaterhouseCoopers Partner, is providing assistance as the bank winds down its business and maximizes its recoverable assets.
China had set aside CNY80 billion for its local gas and oil projects to boost internal energy supplies.
