Browsing Category News
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Swiss bank Wegelin charged with tax evasion
The US Justice Department late on Thursday announced it had filed criminal charges against Wegelin & Co, Switzerland’s oldest private bank, for purportedly helping wealthy U... -
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Xstrata in merger talks with Glencore
The globe’s biggest listed commodities trader, Glencore International, and Anglo Swiss mining giant Xstrata, on Thursday announced they are in talks about a possible merger. The ... -
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Dassault Rafale emerges as India’s prefered jet-builder
French defence supplier Dassault Aviation has been chosen as India’s preferred bidder in an eagerly contested $20bn race to provide 126 fighter jets to India. The Dassault Rafale... -
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Bollard quits NZ Reserve Bank
After a decade at the helm the governor of New Zealand’s Reserve bank, Alan Bollard, on Monday announced he is to step down in September after deciding not to seek a third term i... -
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ABB to buy Thomas & Betts for $3.9bn
Swiss engineering giant ABB on Monday said it is buying US electrical equipment manufacturer Thomas & Betts in a $3.9bn cash transaction. The world’s largest producer of pow... -
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Cameron tells Davos bold and decisive action is needed
UK Prime Minister David Cameron late on Thursday launched an attack on his European counterparts at the World Economic Forum about their planned transaction tax “madness.” Came... -
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Roche makes hostile takeover bid for life sciences group Illumina
Swiss drug giant Roche Holding on Wednesday made a hostile $5.7bn bid for DNA diagnostics company Illumina. Roche had previously attempted “multiple efforts” to start negotiati... -
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Japan cuts economic forecast
The Bank of Japan on Tuesday slashed its growth forecast for the current fiscal year, citing as reasons the appreciation of the yen, the upshot of a slowdown in overseas economies ... -
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Ikea delays entry into India
Swedish home products retailer, Ikea, said on Monday it has decided to delay its planned entry into India’s market because of concerns about local sourcing requirements, accordin... -
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Vodafone wins landmark tax battle
India’s Supreme Court on Friday ruled that telecoms group Vodafone will not be liable to pay more than RS13,500 crore ($2.7bn) in tax related to an acquisition five years ago. Vo...
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