Browsing Category News
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Groupon files for $750m IPO
Chicago-based Groupon, the daily deal website which last year rejected a $6bn buyout offer from Google, has filed with the SEC to raise $750m in an initial public offering, the com... -
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Brazil needs more time to decide IMF candidacy
Brazil has welcomed the candidacy of Agustin Carsten, Mexico’s central bank chief, in his pursuit to become the next head of the Washington-based IMF but said it required more ti... -
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Schneider Electric bids 1.4bn euro for Telvent GIT
French power equipment specialist Schneider Electric has signed an agreement to acquire Spanish software firm Telvent GIT for €1.4bn ($2bn), the company said on Wednesday. Schnei... -
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German unemployment falls to 20 year low
Unemployment in Germany fell for a 23rd straight month in May the Federal Labour Agency in Nuremberg said on Tuesday. The decline in unemployment is said to be largely due to inc... -
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Japan’s April car production drops by half
Japanese car manufacturers Honda and Toyota reported on Friday a global production drop of around half for April compared to figures the same period last year. Toyota reported a 47... -
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Hunt for new IMF head; Foxtel expands
French finance minister Christine Lagarde late on Wednesday formerly launched her bid to lead the IMF as managing director. Lagarde, a former corporate lawyer, is the favourite to... -
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Greece debt crisis reaches stalemate
The head of Greece’s conservative party, Antonis Samaras, announced late on Tuesday that he would not back a further €6bn austerity measure to reduce the country’s deficit. ... -
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Sony predicts $3.2bn loss
Electronics giant Sony announced late on Monday a revised surprise $3.18bn net loss for the fiscal year that ended in March. It originally posted a profitable projection of $857m i... -
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Ryanair profit rises 26%
Low cost airline Ryanair posted a 26 percent profit increase to €401m in the year to March compared to €319m the previous year. Revenue rose 21 percent to €3.63bn from €2.... -
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Tepco president resigns after record $15bn loss
Tokyo Electric Power, the operator of the Fukushima Daiichi power plant hit by the tsunami in March, announced on Friday an all time high $15bn net loss due to the disaster which d...
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