Finance officials from the largest economies in the world had urged the US to avoid a possible devastating debt default last Friday, said a report from Reuters.
Legal & Regulatory
JP Morgan reports first quarterly loss since 2004
Taking the loss as a personal matter, CEO Jamie Dimon's JP Morgan reported a loss for the third quarter of 2013.
Telecommunications conglomerates seek Supreme Court decision on Aereo legality
With a possible loss of USD3 billion and failure in the lower courts, telecommunications companies have gone up to the Supreme Court to decide on the legality of New York based Aereo.
B.Braun gets clearance to raise stake in Rhoen-Klinikum
B. Braun got regulatory clearance to increase its stake in German hospital operator Rhoen-Klinikum after filing a request last month, said a report from Reuters.
Federal funding uncertain, US states look to pay for programs
As the US partial shutdown now on its eleventh day, states were confronted into choosing between putting their own funds for federal programs or letting vital services lapse.
Latest News
A fake press release was sent claiming Samsung Electronics would buy Sweden’s Fingerprint Cards that made shares soar on Friday trading.
The city of Detroit had gotten a USD350 million debtor-in-possession financing from Barclays Plc after filing for bankruptcy last July.
US stocks rose last Friday as investors were hopeful for the government to reach an agreement over the weekend to end the partial deadlock of the US government.
Brazilian antitrust regulators had been investigating Google over alleged anticompetitive practices by Microsoft Corp and Brazilian rivals.
In choosing Dubai, the Jeddah based Islamic Development Bank is ensuring the success of its first ever sukuk issue in the Middle East.
Dobrolet means 'good flier' to help it navigate the competition in the cut throat budget airlines business.
The Carlyle Group obtained approval from the Southwark Council Strategic Planning Committee for the South Bank development project.
In a move set to gain further foothold in the Chinese financial services sector, Alipay's parent company purchases asset manager.
After its review under the Global Financial Stability Report study, Italy, Spain and Portugal stand to be financially distressed because of their exposure to possible loan defaults from corporations.
