Combating corporate tax avoidance globally, OECD
Firms like Google, Amazon and Starbucks have hit the headlines this year for pursuing strategies to avoid paying corporate tax. The OECD today issued...
Russian ruble plunges further
The Russian ruble plunges further as economic sanctions bite harder and investors despair at the fiscal impasse the country has created for itself. The...
UK August inflation declines to 1.5 percent
UK August inflation fell to 1.5% on an annual basis, from 1.6% in July, says the Office for National Statistics (ONS). Falling prices in...
Allergan shareholder meeting agreed to discuss Valeant proposal
An Allergan shareholder meeting to discuss the takeover offer by Valeant Pharmaceuticals International has been agreed. The meeting, which will be held on December...
Fed meeting rattles markets across the world
Stocks in Europe have fallen to a two week low in light of the upcoming Federal Reserve meeting. Asian shares have declined too.
The Fed...
Chinese FDI hits four year low
Chinese FDI (foreign direct investment) hit a four year low, probably reflecting international investor caution following the series of alleged unfair targeting of foreign...
Calpers decided to stop investing in hedge funds
The largest pension fund in the US, Calper (the California Public Employees’ Retirement System), has decided to put an end to its hedge fund...
Alibaba increases its IPO share price range
The Chinese e-commerce company Alibaba Group is about to go public and there is a lot demand, which has prompted the company to increase...
ZF Friedrichshafen will acquire TRW Automotive for $13.5 billion
TRW Automotive has agreed to an acquisition offer by ZF Friedrichshafen (in a deal worth $13.5 billion).
TRW Automotive is the world’s leading manufacturer of...
Nasdaq plummets to two month low
Nasdaq has experienced its worst opening since July, declining by 1.07 percent (48.70 points) to 4,518.90. The drop is a consequence of lackluster performance...