Baidu reports lackluster third quarter results
The Chinese internet giant Baidu reported lackluster profit and revenue results, well below what analysts had forecast.
The company, which operates China’s leading search engine,...
US Federal Reserve ending quantitative easing program
The US Federal Reserve has announced that it will be ending its quantitative easing (QE) program. Former head of the Federal Reserve Ben Bernanke...
Fiat Chrysler plans to spin-off Ferrari
The automobile giant, Fiat Chrysler Automobiles, has announced plans to spin-off Ferrari and sell 10% of the luxury sports carmaker on the stock market....
Billionaire numbers double since financial crisis
Inequality is spiraling out of control, with the number of billionaires globally doubling since the financial crisis of 2009, while hundreds of millions of...
BG Group to delay LNG terminal in Prince Rupert, Canada
British multinational oil and gas company BG Group plc says it won’t be until the 2020s before the liquefied natural-gas export terminal in Prince...
‘Don’t panic,’ says OPEC chief
OPEC General Secretary Abdullah al-Badri told oil producers not to panic at the recent slump in oil prices, a comment which appears to have...
Wage gap smaller in public than private sector, Canada
There is a smaller wage gap between men, women, aboriginal and minority workers in Canada in the public sector than in the private sector,...
Deutsche Bank posts 94 million euro loss in third quarter
Frankfurt-based Deutsche Bank AG posted a €94 million loss for the third quarter compared to a €41 million profit in Q3 2013, after setting...
British mortgage lending at one-year low, says Bank of England
The number of mortgages approved by British financial institutions has fallen to a one-year low, the Bank of England announced on Wednesday, adding to...
Teck Resources earnings fall steeply in third quarter
Canadian metals and mining company Teck Resources Ltd posted a 68.5% fall in third-quarter earnings on Wednesday, caused by declining steelmaking coal prices, the...