Global economic recovery uneven, Eurozone a worry, says OECD
The global economic recovery is lopsided, says the OECD, with the US, UK and Canada pushing ahead, China slowing down to a more sustainable...
Cognizant TriZetto takeover deal worth $2.7 billion agreed
A Cognizant Trizetto takeover deal for $2.7 billion in cash has been agreed by the two companies. The New Jersey-based multinational information technology, consulting...
Phones 4U closes 550 shops
Phones 4U closes 550 shops out of 720 outlets and goes into administration after EE decided not to renew its contract, which ends on...
Sinopec retail stake sale nets 17.5 billion dollars
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...
What is a Basis Point?
In finance a basis point is equal to one hundredth of a percentage point (or 1/10,000). A basis point is also known as bp,...
Update 1: Heineken confirms SABMiller rejection
In a public announcement, Heineken N.V. confirmed that it was approached by SABMiller plc regarding a potential takeover of Heineken. The Dutch brewery consulted...
EU needs massive stimulus
Finance ministers met on Saturday and told the European Commission that the EU needs a massive stimulus to bolster growth. All options are being...
eBay mobile ads coming back
Two years after deciding they needed improvement, eBay mobile ads are coming back for tablets and smartphones, the e-commerce consumer-to-consumer giant announced. It plans...
Update 1: Novo Banco has new leader
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...
G20 economies grow 0.8 percent in Q2 2014
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...