Increased volume of agricultural production propped up Russia's slow growing economy. Russia's economy exhibited indications of development in July, based on new figures released by the state statistics service.
Sectors
Vietnam to relax foreign ownership limits
Vietnam's Finance Ministry submitted a proposal to relax foreign ownership restrictions by allowing foreigners to increase voting shares in non-conditional industries.
Azul Linhas pulls out IPO amid market slump
Azul Linhas announced cancellation of its intended initial public offering (IPO) which was previously announced last May 27.
US court gives investors a second chance for Barclays disclosure
On Monday, the 2nd US Circuit Court of Appeals in New York announced that investors may revive a lawsuit against Barclays PLC.
Banks aid El Corte Ingles' debt with EUR3.8 billion loan
Spain's El Corte Ingles said on Monday that it has reached an agreement with banks to refinance its EUR5 billion debt.
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Zayo Group announced acquisition of Access Communications for USD40 million to further expand its reach in the Minneapolis-St. Paul market.
Falcon Social raised EUR 6 million in Series A funds for its social management platform. Falcon Social, a Copenhagen-based social management platform, raised EUR 6 million or USD 8 million in its Series A funding round.
Former Lloyds Banking Group Plc executive Andrew Geczy was appointed as new Head to the International and Institutional Banking division.
Retailer Tesco would try to compete in the digital downloads market through the release of its own iPad-like tablet computer.
Remeditex Ventures and Velocity Pharmaceutical Development(VPD)announced the signing of a collaboration agreement.
Private-equity leader CVC Capital Partners Ltd. buys Skrill, a British online payment company by Investicorp.
Technology stocks experienced a fair gain with the help of Intel, Facebook and Apple. The technology market experienced a fair increase in the stock market, thanks largely to current top share gain leaders Intel Corp.
Web analytics experts said Google outage for a few minutes resulted to a 40% slump in the global internet traffic and a loss of USD500,000.
Zillow Inc. announced acquisition of StreatEasy for USD50 million as it moves to expand in the New York market.
