In a move designed to avoid default, ThyssenKrupp was able to receive an extension of its credit lines from banks before its planned share sale.
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Finmeccanica in dicussions with CDP to acquire energy unit: paper
According to a report from Il Secolo XIX newspaper on Saturday while citing sources, Italy's Finmeccanica asked state owned Cassa Depositi e Prestiti to make an acquisition offer to buy the defense group's energy company.
Obama won’t negotiate on raising debt ceiling
US President Barack Obama said he would not raise the country's debt ceiling nor would he negotiate with congressional Republicans to give in their attempt to decrease funding for Obama's healthcare law.
Starbucks policy brings big shift for economic boycotts
The new gun safety policy announced by Starbucks had pleased many loyal customers and gun safety advocates.
Fed surprises markets, ceases from reducing stimulus
The US Federal Reserve surprised markets last Wednesday after it announced that it would continue its monthly bond buying at USD85 billion for now.
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The banking system of Germany had increased the need for reforms that are seen to be very difficult to accomplish by any new government.
With plans to reach 10,000 companies by 2015, The Dubai Multi Commodities Centre had become the largest free zone in the United Arab Emirates.
The US Federal Reserve might be more comfortable in implementing its stimulus reduction as increasing rents and healthcare costs had shown some stability in underlying inflation.
Populist movement Occupy Wall Street had marked its second anniversary through a planned march the United Nations office and a protest near the New York Stock Exchange.
Despite allegations of anticompetitive behavior, Huawei continued with expansion plans to Europe. Huawei, Chinese telecommunications equipment manufacturer, had laid out plans to create 5,500 jobs in Europe within five years.
Focus magazine reported that Deutsche Telekom would still choose a buyer for its online classified advertising business, Scout24.
The poverty rate of Americans rose to 46.5 million from last year shown in the stock market, according to a US Census Bureau data.
Mykola Azarov, the Ukranian PM, assured Russia that the EU agreements are no threat to Russia. The prime minister of the Ukraine reached out to Russia to allay fears as to Kiev's plans of signing a free trade agreement with the European Union.
Yves Mersch, ECB board member, projected the completion of the staff complement for the regulatory authority by late 2014.
