Murphy steps down from Gap, Peck steps up
Glenn Murphy is stepping down as CEO of American multinational clothing and accessories retailer Gap Inc., while nine-year veteran head of the retailer’s digital...
Auxilium Pharmaceuticals accepts Endo International’s takeover bid
Auxilium Pharmaceuticals Inc. says it accepts Endo International Plc’s acquisition offer. The Chesterbrook-based company says it has terminated its deal to take over QLT...
Bank of England holds interest rate at 0.5%
The Bank of England's Monetary Policy Committee (MPC) voted on Thursday to keep the UK’s benchmark interest rate at its record-low of 0.5%. The...
Now is time to strengthen growth, say German economists
Now is the time to strengthen growth and create a more favorable investment environment, four German institutes said on Thursday. Germany needs a more...
Alarm bell of slower growth, says British Chambers of Commerce
The results for domestic manufacturing and exports in Q3 could be “the first alarm bell” warning us of slower economic growth ahead, John Longworth,...
German exports fell 1 percent in August, imports declined by 2.4 percent
German exports and imports fell by -1% and -2.4% respectively in August 2014 compared to August 2013, the Federal Statistical Office (Destatis) reported on...
Canadian cross-border shopping in US rose 72 percent in six years
The amount Canadians spent cross-border shopping in the United States increased by 72% from 2006 to 2012 from $4.7 billion to $8billion, Statistics Canada...
Monsanto posts smaller Q4 loss
On Wednesday, American multinational agrochemical and agricultural biotechnology giant Monsanto Co. posted a smaller loss for the fourth quarter, with seeds and traits sales...
Ruble decline continues against the dollar
The Russian ruble continued its decline on Wednesday against the US$ but gained against the euro, Russian shares dropped for the second day running.
In...
Economic impact of Ebola epidemic could reach $32.6 billion by the end of 2015
If the Ebola epidemic continues in Guinea, Sierra Leone and Liberia and infects people in neighboring countries, the economic toll could reach $32.6 billion...