US-based electricity company Dynegy said that its Dynegy Holdings unit and four of its wholly owned subsidiaries had filed for Chapter 11 bankruptcy late on Monday. The Houston power producer reached ...
Mining giant Anglo American has agreed to purchase Oppenheimer family’s 40 percent stake in diamond minor De Beers for $5.1bn in cash. The deal with CHL Group, which represents the Oppenheimer famil...
Late on Wednesday Russia reached an agreement with Georgia on a bilateral trade deal which will open the door for Moscow’s entry into the World Trade Organisation, said the country’s key negotiato...
Greece’s Prime Minister Georgios Papandreou remained determined on Wednesday to consult his people on the European rescue package that was reached at last week’s EU summit. Papandreou told parliam...
Tokyo-based investment bank Nomura Holdings on Tuesday announced a larger than anticipated quarterly loss, according to a company statement. The country’s largest brokerage by revenue posted a $590m...
Europe will not offer China concessions in exchange for contributions to the eurozone’s beefed-up bailout fund, an advisor to French President Nicolas Sarkozy said on Monday. Eurozone leaders agreed...
European officials responsible for the eurozone bailout fund commenced discussions on Friday with China to involve them in the EU rescue plan. The European Financial Stability is hoping the Chinese go...
Europe’s leaders on Thursday came to agreement on a deal with EU banks to write off half of Greece’s bonds in a plan to reduce the country’s heavy debt load. The agreement, which was reached at ...
The eurozone is experiencing the biggest challenge since its inception – it is currently at the worst point of the debt crisis that started two years ago. Contagion has already spread to Ireland, Po...
ArcelorMittal, the globe’s biggest steel producer, late on Tuesday backed out of its Macarthur Coal joint $5.1bn purchase with Peabody Energy, according to the company. The group originally joined t...