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...
Will Russian sanctions undermine ceasefire hopes?
As the European Union and United States expand their economic sanctions against Russian individuals and companies, will this move undermine the fragile ceasefire and...
Tottenham Hotspur acquisition by Cain Hoy Enterprises considered
Recently formed American private investment firm Cain Hoy Enterprises says it is considering a Tottenham Hotspur acquisition offer. Known as Spurs, the English Premier...
Digital First Media for sale
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...