Business

stock

Nasdaq plummets to two month low

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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...
Sinopec

Sinopec retail stake sale nets 17.5 billion dollars

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A Sinopec retail stake sale will raise 107.1 billion yuan ($17.5 billion) in a deal with 25 domestic and foreign investors. Sinopec, whose parent...
Eurozone

EU needs massive stimulus

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Finance ministers met on Saturday and told the European Commission that the EU needs a massive stimulus to bolster growth. All options are being...
Vitor Bento

Update 1: Novo Banco has new leader

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Novo Banco now has a new leader. Eduardo Stock da Cunha, an audit director at Lloyds Banking Group, has been appointed by Portugal’s central...
OECD

G20 economies grow 0.8 percent in Q2 2014

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The G20 economies expanded by 0.8% in the second quarter of this year, according to data published by the OECD (Organization for Economic Cooperation...
President Vladimir Putin

Will Russian sanctions undermine ceasefire hopes?

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As the European Union and United States expand their economic sanctions against Russian individuals and companies, will this move undermine the fragile ceasefire and...
Spurs

Tottenham Hotspur acquisition by Cain Hoy Enterprises considered

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Recently formed American private investment firm Cain Hoy Enterprises says it is considering a Tottenham Hotspur acquisition offer. Known as Spurs, the English Premier...
DFM

Digital First Media for sale

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Digital First Media is seeking a buyer. The second-biggest newspaper firm in the United States as measured by circulation says it is looking at...
Li Kegiang

China August industrial output growth fell

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China August industrial output grew by 6.9% compared to August 2013, and July’s 9% growth on a year earlier. The National Bureau of Statistics...
HSBC

HSBC pays FHFA 550m dollars in settlement

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HSBC pays FHFA 550m dollars to settle claims that it did not adequately reveal the true risks on mortgage bonds it sold to Freddie...