Business

Jack Ma Alibaba IPO

Bill Clinton says Jack Ma could help transform China

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Alibaba Group Holding Ltd. set a new record in its $21.8 billion initial public offering. The company’s debut has generated a lot of attention and...
money

US economic growth slowed down in August

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Economic activity in August was lackluster and less than forecasted. The Conference Board said that despite slower economic pace of growth, it is still...
Canada Maple Leaf

Canadian overall inflation steady but core inflation rose unexpectedly

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While the Canadian overall inflation rate in August stayed the same at 2.1%, its “core” rate surged to 2.1% from 1.7% in July, above...
georgia

Unemployment rate in Georgia increases to 8.1 percent

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The unemployment rate in the state of Georgia has increased to 8.1 percent, according to state labor officials. The Georgia Department of Labor released the...
b20 australia

B20 business leaders say global economy needs a kick-start

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The B20 group of business leaders are asking the world’s richest countries to increase spending on infrastructure and reduce the amount of regulation and...
Lotus

Lotus Cars announcing up to 325 job losses

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This week, British manufacturer of sports and racing cars Lotus Cars has announced up to 325 job losses, representing about one quarter of its...
Scotsman

London shares rose on Scottish vote, pound lost early gains

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When it became clear on Friday that Scotland had voted to reject independence, shares on the London Stock Exchange rose 18 points (0.27%) to...
Elisabet Fernández de Kirchner

US appeals court declines to rule on Citigroup and Argentina appeal

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A Citigroup Inc. and Argentinian appeal resulted in a “no verdict” by the 2nd U.S. Circuit Court of Appeals in New York on Friday,...
Prada Milano

Prada profits fall 21% because of a strong euro

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On Friday, Italian luxury fashion house Prada sPa reported a 21% fall in net profit to €244.8 million for the first half of 2014,...
Jack Ma Alibaba IPO

Alibaba IPO debut was a huge success

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China’s biggest e-commerce business Alibaba held its IPO in the NYSE on Friday. It was huge success. Early in the day stocks changed hands...