The US Treasury Department late on Wednesday reached a deal with insurer AIG to sell off an estimated $6bn in stock in an attempt to gradually sell down the stake it still owns. Th...
Greece increased the pressure on its creditors late on Tuesday, as it looks to secure a bond swap deal that will help write off an estimated 53.5 percent of the country’s private...
Greek Tourism Minister Pavlos Yeroulanos believes that the EU is responsible for Greece’s current economic situation. “People should remember that European institutions have be...
Global shares in commodities such as copper and natural gas took a hit in early trading on Tuesday as investors tried to digest the repercussions of China’s announcement that it ...
Glencore, the globe’s largest commodity trader, said on Monday that the $37bn offer for Xstrata is a fair deal, and is a “logical” next step for the two companies. There was ...
Viviane Reding, the EU’s Justice Commissioner, has announced that Google’s new privacy policy, effective as of midnight on March 1, represented “a breach of EU law”. In the...
Shares in Peugeot fell around 7.7 percent following a debt rating cut by Moody’s late on Thursday. The move saw the French car manufacturer’s rating drop to “junk” status, ...
The US Airforce late on Tuesday unexpectedly cancelled a $355m light aircraft contract granted to Sierra Nevada and Brazil’s aircraft manufacturer Embraer. The deal was scraped f...
WPP, the world’s largest advertising and PR network, today reported an annual profit of £1.008 bn, representing not only an unprecedented 18.5 percent rise on 2010’s results, ...
India’s economic growth in the three months to December was at its weakest in over three years due to a slowdown in agriculture, mining and manufacturing, the Federation of India...