China-based Alibaba said it understood the importance of big data in driving its e-commerce business.
Sectors
SAC UK sees exodus of traders to the competition
Lia Forcina, Alidod Shirinbekov and John Levavasseur left SAC UK for greener pastures. SAC Capital Advisors LP's Lia Forcina had managed over USD700 million during her stint in the firm.
ECB head Mario Draghi seeks protection for bondholders
Bondholders were sought protected by Mario Draghi through the European Central Bank. The European Central Bank head Mario Draghi informed the European Commission last month requesting that bondholders be spared any losses in the event a bank rescue occurs until such time an EU banking union is put in place.
TPG Capital to pay USD 214 million for Star Entertainment's stake in Phoenix Satellite Television
TPG Capital agreed to buy a stake in Phoenix Satellite Television from Star Entertainment for a price tag of USD 214 million.
MCX CEO resigns from post
The CEO of India's largest commodities bourse quit his job as CEO. Last Saturday, the Multi Commodity Exchange of India Ltd had announced its Managing Director and CEO Shreekant Javalgekar had formally submitted his resignation from the company.
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Dubai Land Department's managing director announced the launch of its e-Market website during the GITEX Information and Technology Exhibition.
A UK court had started to hearing evidence about the alleged London Interbank Offered Rate or Libor manipulation brought against Barclays and Deutsche Bank.
Major mining operation disruptions this year in the British-Australian mining company Rio Tinto had reduced investor interest in copper on the London Stock Exchange.
The New York Stock Exchange (NYSE) had approved a dry run on October 26 for trading firms to test its systems to check whether there are technical issues that could affect trading in the upcoming Twitter Inc IPO.
Voxeljet, whose technology was used to design Aston Martin cars for the James Bond film "Skyfall", traded as high as USD29.06 from its initial USD13 per share price after its debut on the German stock exchange.
An impending economic crisis could have happened to Americans should US Congress and the government had not arrived at a debt ceiling agreement.
Grupo Ser Educacional SA had 30 days to comply with Brazilian regulator CVM in order to life the suspension of its planned initial public offering.
Global ratings agency Fitch ratings was confident that the US government would be able to fulfill its debt payments even if no agreement would be passed after October 17.
NBC had cancelled "Welcome to the Family" and "Ironside" after only three episodes.
