Browsing Category News
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Moody’s downgrades US
US treasuries futures fell late on Wednesday after Moody’s Investors Services placed the US government on review for a possible downgrade, which could see it stripped of its AAA ... -
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IMF urges Italy to cut budget deficit; UK energy bills to soar
The IMF urged the Italian government late on Tuesday to “continue pursuing fiscal consolidation”, stressing that it should cut its budget deficit to below three percent of GDP ... -
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Phone hacking may have included Downing Street
The attention surrounding News International – Rupert Murdoch’s media empire – intensified as allegations emerged that former Prime Minister Gordon Brown had personal data ta... -
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Nestlé agrees $1.7bn deal to buy sweet maker Hsu Fu Chi?
Nestlé, the world’s largest food and drink group, announced on Monday that it intends to buy a majority stake in Chinese confectioner Hsu Fu Chi for $1.67bn or SFr1.4bn.? The Sw... -
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JPMorgan Chase agrees record $211.2m settlement
JPMorgan Chase reached a record $211.2m settlement late on Thursday with federal and state regulators on charges it manipulated a bidding process to gain business from municipaliti... -
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News of the World to close amid phone hacking scandal
News of the World, the British tabloid paper that sold to millions as “the best for news, showbiz and sport exclusives” is shutting down amid the escalating phone hacking scand... -
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ThyssenKrupp to raise 1.7bn euro through share sale
German engineering and steel conglomerate ThyssenKrupp announced late on Wednesday plans to sell all of its remaining 49.48 million treasure shares accrued from its 2006 and 2008 b... -
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Record first half revenues for Tullow Oil
FTSE 100 oil company Tullow Oil published a trading and operation statement on Tuesday ahead of the group’s half-year result release showing record revenues of $1.05bn. The compa... -
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VW takes majority stake in MAN
Volkswagen, Europe’s biggest automaker, has secured a majority stake in German-based heavy truck maker MAN SE, the company said on Monday. VW now holds 55.9 percent of the voting... -
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Axel Weber nominated as next UBS chairman
Swiss Bank UBS said on Friday it has nominated the former president of Deutsche Bundesbank, Axel Weber, for election to join its board in 2012 and to chair the board from 2013 onwa...
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