Browsing Category News
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Smartphones help Samsung to record sales
Samsung Electronics, the world’s biggest consumer electronics group by sales, on Friday reported all-time-high quarterly profits for the October to December period despite the sl... -
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Three Swiss bankers accused of $1.2bn tax conspiracy
US prosecutors late on Tuesday charged three Swiss bankers with conspiring to help US citizens evade over $1.2bn in assets from the IRS. The filed indictment, which refers to ‘Sw... -
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China’s land sale revenue slumps 13 percent
Land sale revenue across 130 Chinese cities has dropped 13 percent year-on-year in 2011 to ¥1.86trn, said property research group China Index Academy late on Wednesday. In contras... -
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Miners boost FTSE as China data buoys demand outlook
Miners led Britain’s FTSE 100 higher early on Tuesday, boosted by stronger-than-expected manufacturing data from China, and as the index caught up with sharp gains posted in Euro... -
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Afren oil explorer says output ahead of target
Energy exploration firm Afren said production at its Ebok field, offshore Nigeria, had reached around 40,000 barrels per day (bpd), taking its end-2011 net output to some 55,400 ba... -
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Premier Wen Jiabao addresses China’s yaun
When Premier Wen Jiabao addresses China’s largely ceremonial parliament, investors will prick up their ears for any hint that change is coming to the country’s currency regime.... -
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DoJ approval for Deutsche Börse-NYSE merger
The US Department of Justice has approved a $9bn merger between the NYSE Euronext and Deutsche Börse contingent on divestitures. For the deal to be fully permitted by the DOJ, Deu... -
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IAG trumps Virgin to €206.8m BMI deal
The owner of British Airways, International Consolidated Airlines, on Thursday beat competitor Virgin Atlantic in the takeover battle for BMI, Deutsche Lufthansa’s loss-making ai... -
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Japan’s Naoto Kan intervenes to weaken yen
Japan has sold the yen in the market for the first time in six years, trying to stop the currency’s relentless climb from hurting exporters and threatening a fragile economic rec... -
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Moody’s: Eurozone a danger to UK’s AAA rating
Britain’s AAA credit rating could be at risk due to the crisis in the eurozone, Moody’s said in its UK end of year assessment late on Tuesday. In spite of a “stable” rating...
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