Italian Banca Monte dei Paschi di Siena has raised its capital for the bank's revised bailout plan to EUR2.5 billion or USD3.3 billion.
Investors
Credit Suisse would sell off its German unit
Credit Suisse AG is to sell of its German subsidiary according to a German paper. In a report from German weekly WirtschaftsWoche, Credit Suisse is intending to sell the private client's business of its German subsidiary Credit Suisse Deutschland AG.
European Union levy still not final despite legal opinion
Despite an European Council legal opinion, the EU maintains that the financial transaction tax issue is a misunderstanding.
US, Russia in cohorts on Syrian chemical weapons seizure
The governments of the United States and Russia came to an agreement to seize the Syrian government's arsenal of chemical weapons within the week.
Apple's new technology would create more business for others too
The Apple iPhone 5C and 5S with its new technology stands to create more business for eBay, Discovery and Intuit.
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According to Thomas Jordan, Swiss National Bank Chairman, said there is a lot that needs to be done before banks can avoid harming the general economy.
India would be inaugurating is its insurance repositories on September 16. India's Insurance Regulatory and Development Authority's insurance repositories would be inaugurated on September 16.
Thanks largely to Twitter Inc's IPO filing, publicly traded fund GSV Capital would be looking to receive bigger gains.
The Bank Recovery and Resolution Directive for all EU members to recognize the Single Resolution Mechanism would be created after the German elections.
A report from a Chinese newspaper revealed that Samsung would be investing USD 500 million for a plant in China.
JPMorgan Chase Co., Bank of America Corp. and Goldman Sachs Group Inc. would not be able to get out from their financial commitments to a buyout of retailer Rue 21 by private equity firm Apax Partners.
Sources told Reuters that Grohe got final offers for Geberit, Lixil and Duratex. Sources told Reuters that bathroom equipment manufacturer Grohe received bids from three of its peers.
According to sources who told Reuters, interest in buying BlackBerry Ltd was lukewarm that the company would have to break its business up to exit.
A Reuters report said that investors had started to take out their capital from emerging markets as Fed tapering loomed.
