Although China's support to overhaul the current system of registration-based stock issuance, analysts said it might take a long time for the new system to be adopted.
Sectors
Sony sells 1 million PlayStation 4 consoles in 24 hours
According to tech giant Sony, the company sold over 1 million PlayStation 4 game consoles, its first game system in seven years, just 24 hours it went on sale last Friday.
Venture capitalists invest in new media despite risks- report
Venture capitalist have continued to pour money in new media firms despite the potential hazards in the hope that the startups will be able to lure advertising money, according to a Reuters report.
Israeli newspaper reports Apple acquisition of chip maker PrimeSense for USD 345 million price tag
According to financial newspaper Calcalist, Apple had bought Israeli chip maker PrimeSense for a USD 345 million. However, PrimeSense said it did not relate to rumors made about its customers and partners.
Aberdeen Asset Management nears acquisition of SWIP from Lloyds Banking Group- report
A report from The Sunday Times said Aberdeen Asset Management was close to reaching a deal to acquire Scottish Widows Investment Partnership from Lloyds Banking Group.
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An analyst on the US stock analysis market website SeekingAlpha.com said smaller, regional banks like First Defiance Financial for example, could be attractive takeovers targets.
Globe Telecom Inc legal counsel Froilan Castelo said his company did not violate anti-competition laws about the firm's acquisition of smaller rival Bayan Telecommunications Inc.
Small business franchises had been scurrying up to acquire Blockbuster's last 300 stores for its prime retail location, high visibility and access to great parking.
Federal regulators had a suspicion that currency traders have bonded together to increase costs of foreign currencies in order to gain on their investments.
The government of the Philippines would be launching an online portal designed to provide information on how foreign assistance had been spent, especially for the government's response to help the victims of Typhoon Haiyan.
US investigators assigned to the hacking incidents done by Anonymous have yet to determine the scope of the cyber campaign of the hacker collective on the state's government agencies.
According to sources who were familiar with the proceedings, the government of Japan will be making the USD1.2 trillion Government Pension Investment Fund (GPIF) exist as a separate entity in order to diversify its investments.
A VentureBeat article urged startups to push for involvement in the drafting of the Trans-Pacific Partnership (TPP) Agreement to ensure that provisions in the trade agreement are not biased.
A report by the coordinated efforts of MoneyTree, PricewaterhouseCoopers and the National Venture Capital Association indicated an increased activity in seed investments in venture capitalists.
