Browsing Category News
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China trade slows; BlackBerry outrage continues
China’s trade surplus shrank for a second straight month in September to $14.5bn. Trade data published on Thursday showed September’s figures were $3.3bn lower than the $17.8bn... -
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Brazil’s retail sales plunge; Occupy Wall Street kicks off
Brazil saw retail sales volumes drop 0.4 percent from a month earlier indication a slowdown as South America’s largest economy continues to struggle with rising inflation, the Br... -
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Qatar’s royals to buy Dexia’s KBL and BIL
The royal family of Qatar is moving up its investment in Europe’s banking sector with plans to acquire private banking arms of Dexia and its Belgian competitor KBC. Private lende... -
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China’s Sinopec to acquire Daylight for C$2.2bn
Sinopec Group, a unit of China’s state-backed energy company China Petroleum & Chemical Corp, late on Sunday signed a deal to acquire Canada’s oil and gas explorer Dayligh... -
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Sony secures financial backing from Abu Dhabi fund
Sony Corporation has reportedly secured financing from Abu Dhabi’s investment fund, Mubadala, to help compete for British music label EMI Group. The Middle Eastern investment fun... -
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IMF says swift action needed to steady Europe’s banks
A quick recapitalisation of European banks is necessary to steady markets and avert the economy from falling into another recession, IMF Europe Director, Antonio Borges, said late ... -
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Europe’s shares higher after Italy downgrade
Stock markets in Europe bounced higher early on Wednesday as traders decided to pick up stocks trading down at discount levels following three days of losses and Italy’s credit d... -
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European shares tumble as Greece misses deficit target
Shares in Europe slumped on Monday after the Greek governments’ Finance Ministry announced its draft budget figures showing the country’s deficit is likely to reach 8.5 percent... -
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China in $1.29bn copper mine deal with Anvil
Minmetal Resources, a unit of Chinas largest metal trader, China Minmetals Group, on Friday launched a C$1.3bn ($1.29bn) friendly takeover bid for Congo-focused copper producer Anv... -
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European regulators extend short selling ban
Italian, Spanish and French financial market regulators late on Wednesday extended the temporary bans on the short selling of selected financial stocks and banks in a bid to curb m...
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