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AIA Group is also likely to bid for the ING's Asian insurance operations

Infrastructure and engineering company plans to raise 5 bn yuan of the earlier targeted 20 bn yuan

JP Morgan Chase says its quarterly earnings fell 25% as European financial turmoil cut the demand for securities underwriting

McDonald's Corp board raises its quarterly cash dividends almost 15% to 70 cents per share

Fiat SpA will keep the production of Jeep and Alfa Romeo sport utility vehicles in Italy rather than shifting it to the United States

Brazil's central bank has unexpectedly cut interest rates as the risk of recession in Europe and the US shifted policy makers' focus away from the fastest inflation in six years

Leading investment management and investment services company Bank of New York Mellon steps down, Gerald Hassell to takeover as chairman and CEO

Money Manager BlackRock Inc seeks regulatory clearance for its iShares exchange-traded funds to follow proprietary indexes

American business magnate Warren Buffet's company Berkshire Hathaway will invest $5 billion in American financial services firm Bank of America

Australian brewer Foster's has rejected $10 billion offer from rival SABMiller for the second time as shareholders hold out for a better offer from the global brewing giant

American multinational banking, financial services firm Bank of America is cutting 3,500 jobs this quarter, works on restructuring to slash more jobs

International insurance major AIG closes sale of Taiwanese life insurance business, utilizes proceeds to repay the government another $2.15 billion

Financial services unit of Votorantim Group Banco Votorantim has decided to raise $768 mln for 3 Brazilian private equity funds

Windturbines maker Suzlon Energy plans to raise Rs 50 billion as debt repayment date nears

London-based HSBC may cut over 10,000 jobs in cost-cutting drive and will slash costs by up to $3.5 billion by 2013

China's foreign direct investment has increased by 18.4% year-on-year to $60.89 billion in the first half of this year

Bank of Korea keeps interest rates steady after raising them in June, a likely temporary pause of its efforts to tame inflation by raising borrowing costs.

Vedanta Resources Plc has completed purchase of 10% stake in oil firm Cairn India and also plans to secure majority control of the company Cairn Energy Plc

Drug maker Lonza will buy Arch Chemicals for $1.2 billion to create the world's biggest microbial - control business.

Porsche AG will hike output of Cayenne SUV next year after the sports-car maker's best-selling model spurred a 37% sales gain

According to the study findings, published in the British Journal of Management, companies with just one female director on their board have considerably undervalued share prices, compared with all-male run companies.