IPOs increased

Source: Marketwatch
© Scanpix/AP
Many technical companies got listed last week. The successful IPO of Groupon Inc. gave a start to more than eight IPOs in the tech industry. When the market shows a sign of recovery, there will be a lot of IPOs, said Scott Sweet, research director of the IPO Boutique. However, the market is still too weak for large number of IPOs to be successful. Among eight IPOs that raised $1.2 billion five were undervalued, he added.
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Tue, 22 Nov 2011 09:24:26 GMT

Demonstrations in Egypt continue

Demonstrations in Egypt have been going on for 3 days. People protest against undemocratic government that fails to improve human rights. Thousands of people organize demonstrations in Tahrir Square in Cairo. More than 26 died in violence and hundreds were injured during these 3 days.

Tue, 22 Nov 2011 09:22:19 GMT

UBS investment banking manager in Japan to resign

UBS AG, the Switzerland's biggest bank announced that Yasuki Matsui, chairman of the investment banking unit in Japan is going to resign. Matsui is the third UBS Japanese executive after Taiji Okusu, Credit Suisse's manager of investment banking and CEO of Credit Suisse Paul Kuo who resigns from European bank this year. UBS did not announce reasons for Matsui resignation. In September UBS reported $2.3

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