Detroit Bankruptcy: City Strikes Deal with Major Creditor Syncora
Syncora pact leaves Financial Guaranty Insurance as the last major creditor contesting Detroit's debt-cutting plan.
Alibaba Bumps Up its US IPO Price on Strong Demand
Chinese e-commerce giant boosts price range on its imminent NYSE flotation to $66 - $68.
Finnish Firm Pohjola Enlightens Dark Pool Trading
Pohjola's electronic trading system offers ability to control the way bets are routed to controversial dark pools.
Heineken Rejects SABMiller's Takeover Offer
Heineken's founding family intends to keep the company independent.
Phones 4U Enters Administration Putting More Than 5,500 Jobs at Risk
Phones 4U owner BC Partners says it will appoint PwC as administrators.
What Happened to Lehman Brothers' Bankers?
Many former Lehman bankers continue working in finance, but some run successful businesses.
Oil Prices Drop on Strong Dollar and Weak Global Demand Outlook
Brent crude maintains downtrend as IEA and Opec predict lower demand.
Gold Prices Set to Drop on Prospects of Stronger Dollar and Higher US Rates
Traders await US Federal Reserve chair Janet Yellen's policy move.
HSBC to Pay $550m to Settle US Mortgage Suit
Deal resolves FHFA's claims that bank falsely represented quality of mortgage bonds sold to Fannie Mae and Freddie Mac.
Japan Could Need $47bn Stimulus for Another Sales Tax Hike
Sales tax bump will expedite Tokyo's attempts to cut Japan's public debt burden.
Argentina: President Cristina Fernandez Signs Bond Restructuring Bill into Law
Fernandez's government determined to make a $200m coupon payment due on 30 September.
US Treasury Keeping Tabs on Swap Loopholes at Banks
Banks moving trading operations overseas to doge swap rules under Treasury scanner.
UK to Sign Trade Deals Worth Over £2.4bn with China
Deals will include a $1bn Malaysian oil terminal joint venture.
Gold On Track to Log Worst Weekly Decline in Over Three Months
Goldman Sachs has forecast that prices will drop to $1,050 in 12 months as US economy improves.
Fiat Boss Sergio Marchionne Sticks to 2014 Profit Forecast
Fiat expects a 2014 trading profit of €3.6bn-€4bn, on revenues of about €93bn.
Argentina Looks to Side-Step Vultures With Bond Restructuring Law
Argentine Congress expected to vote on draft law on 11 September.
US SEC Charges Firms Over 'Violating' Stockholding Disclosure Norms
Settlements made with RBS group, Starwood Hotels & Resorts, Jones Lang LaSalle and Sankaty Advisors.
China: August Inflation Unexpectedly Drops to Four-Month Low
China inflation data suggests world's second-largest economy is losing momentum.
India to Recalibrate GDP Measurement in 2015
New Delhi's initiative expected to show that Indian economy is larger than previously estimated.
Petroleos de Venezuela Taps Buyers for Citgo Petroleum in Likely $10bn Deal
Investment bank Lazard is managing the Citgo sale process, on behalf of PDVSA.
Air France-KLM Earmarks €1bn to Grow Transavia Brand in Europe
Air France-KLM CEO Juniac says group could consider an acquisition to supplement growth.
US CFTC Keeping an Eye on LME Amid Aluminium Warehousing Crisis
London Metal Exchange is preparing to roll out a new aluminium contract.
Alibaba IPO: Impending NYSE Listing Covered in a Few Roadshow Meetings
Alibaba expected to price the IPO on 18 September.
Dollar General May Launch Hostile $9.1bn Bid for Family Dollar This Week
Family Dollar has spurned Dollar General's unsolicited approaches citing antitrust risks.
GM's Chinese Venture Recalls Cadillacs Over Brake Software Glitch
Shanghai General Motors has begun to recall certain Cadillac XTS cars.
Siemens to Delist from London and Swiss Stock Exchanges
Delisting from London Stock Exchange expected to become effective early October 2014.
Toshiba to Invest $1.9bn a Year in Chip Business, Says CEO Hisao Tanaka
Hisao Tanaka says priority is for boosting sales and profit of Toshiba's semiconductor division.
Harvard Receives Largest Ever Donation Thanks to Hong Kong Foundation
Morningside Foundation has gifted $350m to Harvard's School of Public Health.
Jailed Sahara Group Boss Subrata Roy Gets 15 More Days to Sell London and New York Hotels
India's Sahara group could mortgage trophy hotel assets rather than sell them, to raise Roy's bail money.
Electrolux Pays $3.3bn for GE Appliances Unit
Deal includes a 48.4% shareholding in Mexican appliance maker Mabe.
