Brazilian oil major Petrobras has mopped-up about $70 billion in the world's largest share offering.
On the issue of exchange rates, the summit reiterated the wording agreed in the meeting of the G20 finance ministers and central bank governors a few weeks earlier - a commitment to "moving toward more market-determined exchange rate systems, enhancing exchange rate flexibility to reflect underlying economic fundamentals, and refraining from competitive devaluation of currencies.
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.
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 2016 upstart, called Jio, dislodged rivals and has emerged as the nation's No. 4 carrier by offering call services free for life and data transmission at dirt cheap rates.
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.
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.
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.
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.
'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.
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.
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.
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.
Pierre Paganini may be the most important reason Roger has the best record in men's tennis in the past 12 months.
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.
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 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.
India was for the first time the leading country in the world for FDI, overtaking the US.
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.
A 2008-style bank run seems unlikely, but if it did happen, the sector is much better prepared.
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.
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.
The $6,00,000 fine by Financial Industry Regulatory Authority, which oversees broker dealers, comes after the US authorities hardened their stance on offshore tax operations with a series of actions in the past few months.
In an interview to the Financial Times, AIG Chief Executive Officer Robert Benmosche said it would take at least two years for AIG to sell businesses and earn enough profits to repay the government and persuade it to sell its 80 per cent stake.
Microsoft has also approached other big online publishers to persuade them to remove their sites from Google's search engine
On the funding gap for infrastructure development, estimated to be $190 billion, Singh said the government was relying on a combination of public investment and public-private-partnership for financing the mega projects.
Tata group-owned Jaguar Land Rover (JLR) has secured a 170 million pounds (about $ 284 million) loan from GE Capital in a move to strengthen its financial position, media report says.
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