Brazilian oil major Petrobras has mopped-up about $70 billion in the world's largest share offering.
Goldman Sachs is likely to face a fine of around 20 million pounds from UK financial regulator FSA, just months after US Securities and Exchange Commission imposed a penalty on the banking major, a media report said.
'Curiously, Pinarayi's approach, stressing the imperatives of development, is robustly backed by Nitin Gadkari.'
'I stand next only to Gadkari, one of the few outstanding ministers in the Modi government, in applauding Pinarayi's political courage and vision,' says Ambassador M K Bhadrakumar.
The Pakistani administration is considering creating a new post to ensure that army chief Ashfaq Parvez Kayani will continue to play a crucial role in the military establishment in Pakistan.
The search engine giant Google Inc may face probe from German and American US agencies following its disclosure that it had recorded messages sent over unsecured wireless networks.
The gold-mad city has woken up to a massive scam as investigators discovered that at least 200 ounces of fake bullion, worth about $250,000 have been traded at the island`s fabled jewellery souks so far this year, Financial Times reported.
Social networking site, Facebook, has faced sharp criticism from the European data protection officials for putting users privacy at risk due to the changes it brought to its service, a media report said.
The FT said the top 50 was selected by an expert jury, whose choice was based on information on the executives' performance and durability. Much of the information was supplied by Egon Zehnder International, an executive recruitment group.
Pierre Paganini may be the most important reason Roger has the best record in men's tennis in the past 12 months.
Attributing to people close to the situation, the Financial Times said the failed sale of AIA has strained relationships at the top levels of the US insurer and tensions are growing between Benmosche and Golub.
The Japan Sumo Association plans to gift iPads to improve communication between coaches, wrestlers and association officials.
US antitrust regulators plan to investigate whether Apple is unfairly restricting rivals such as Google and Microsoft in the market for advertisements carried on the iPhone, iPad and iPod, says a media report.
The hedge fund servicing unit would be headed by John Nicholson, a former Barclays Capital executive, who would become the managing director in Citi's US trading team, the Financial Times reported.
Pakistan has sent extra troops to its border with India due to rising tensions, the country's high commissioner to the United Kingdom Wajid Shamsul Hasan has said, adding Islamabad had been 'unsettled' by pressure on its eastern border.
In an interview to the Financial Times in Tokyo, Mittal has said that his new strategy was to have a number of smaller steelmaking hubs in different parts of the country each capable of making a few million tonnes of steel a year.
Attributing to people familiar with the plan, the Financial Times said that SEC and Federal Reserve officials were warned by Merrill Lynch about Lehman's balance sheet calculations as far back as March 2008.
The Indian Institute of Management, Ahmedabad (IIM-A), completes 50 years of its existence. Samir Barua, director IIM-A, shares with Kalpana Pathak his plans for the institute.
Telecom Egypt, which already owns a 45 per cent in Vodafone Egypt, approached UK-based Vodafone about buying the remaining stake.
The Asian life assurance business of AIG, is expected to set a price range for its initial public offering early next week and hopes to strike agreements with big 'cornerstone' investors who could take one-fifth of the shares sold a few days after that, the report said citing sources.
British daily The Financial Times has reported that AIG had lost $2 billion over the deals and the move is a sign that Securities and Exchange Commission action against Goldman Sachs could spark litigation from investors who lost money on mortgage-backed deals.
India was for the first time the leading country in the world for FDI, overtaking the US.
Crisis-hit conglomerate Dubai World is expected to approach lenders this week, with its proposal to restructure $22 billion-debts, says a media report.
British insurer Llyod's chairman Lord Levene considers India a "very difficult market" for foreign insurance companies.
Meet the Indian-American deans, who have established their leadership and managerial skills taking up high-profile jobs at prestigious institutes.
Most economists say the impact on inflation could be substantial, considering that steel prices rose by over 9 per cent in the past year.
Software major Oracle has said Sun Microsystems is losing $100 million a month, while the European regulators are continuing their investigation into the software major's proposed $7.4 billion acquisition of the hardware firm, a media report says.
The Goldman employees currently receive as much as 75 per cent of their annual bonuses in restricted stocks or options.
A 2008-style bank run seems unlikely, but if it did happen, the sector is much better prepared.
The company had made its first breakthrough in the US in April when it had acquired 40 per cent stake in Atlas Energy Inc's 3,00,000 acres shale gas property for $1.7 billion. Atlas' Marcellus shale gas project spans parts of West Virginia, Pennsylvania and New York.
Attributing to Morgan Stanley CEO James Gorman, the report by the Financial Times said that the company plans to boost its under-performing securities business by hiring several hundred traders over the next few years.
Goldman Sachs and American Express played a large role in boosting the US Treasury's coffers by agreeing to pay a favourable price for the warrants received in return for the aid, the Financial Times said citing a study by the consultancy SNL Financial.
Dubai World's bank creditors have offered their loans for sale ahead of the restructuring of the conglomerate's debts, in a bid to reduce exposure.
Entertainment conglomerate Time Warner will put in a bid of $1.5 billion for the debt-laden hollywood studio Metro-Goldwyn-Mayer, says a media report.
Internet major Google could reveal today the closure of its Chinese search engine, says a media report.
Congress chief Sonia Gandhi and Uttar Pradesh Chief Minister Mayawati are among the four Indians named in the Financial Times list of '50 People Who Shaped the Decade.'
The insurer had received nearly $80 billion last year from the US government to tide over the financial turmoil.
According to the report in the Financial Times, the bank tried immediately to repatriate the dealer, S Kapoor, to India against his wishes after it was confirmed that he had informed the UK Financial Services Authority about alleged irregularities.
The distinction between "cheap" and "affordable" is a fine one, but no one understands this better than India's aspirational first-time car-owner, says Kanika Datta.
US confectioner Hershey Co is preparing a bid for British chocolate maker Cadbury, that will counter US-based Kraft Foods' 10.4 billion pound hostile offer.
India and China are in talks to monitor the melting of glaciers in the Himalayas, a border region crucial to both countries' water supplies, Minister for Environment Jairam Ramesh has said. "We are talking to the Chinese about monitoring the Himalayan glaciers," Ramesh said. However, he cautioned that India would not allow Chinese scientists "to climb all over India's glaciers", but sought a collaborative research programme.
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