Russia China mega gas deal signed
Vladimir Putin has witnessed the signing of a Russia China mega gas deal estimated to be worth more than $400 billion. The 30-year deal...
Lenovo profits jumped 29 percent
Lenovo profits jumped 29 percent to $817 million and revenue rose by 14% to $38.7 billion for the year to March 2014. The world's...
Euro rate rigging, HSBC, JPMorgan and Credit Agricole accused
Crédit Agricole, HSCB and JPMorgan have been accused by the European Commission of euro rate rigging, i.e. colluding to fix Euribor, a key euro...
Indian economic outlook improves in April
The Indian economic outlook improved in April, with the Leading Economic Index (LEI) rising by 0.7%, says The Conference Board. At the end of...
Forced labor generates 150 billion dollars in illegal profits annually
Forced labor, which includes commercial sexual exploitation, domestic and agricultural work, mining, as well as some other economic activities, generates $150 billion in illegal...
Credit Suisse helped tax cheats, fined $2.6 billion
Credit Suisse helped tax cheats and is fined $2.6 billion in the US after pleading guilty. According to the US Justice Department, the Swiss...
AT&T DIRECTV takeover
An AT&T DIRECTV takeover agreement has been approved by both boards of the US telecommunications giant and the satellite TV provider in a deal...
Can banks regulate themselves?
Can banks regulate themselves? The UK’s main banks have agreed to set up an “independent” body - Banking Standards Review Council - to oversee...
Chinese housing slowdown worries economists
The Chinese housing slowdown is worrying investors. The number of cities reporting increased new home prices in April was the lowest in 18 months,...
AstraZeneca rejects another Pfizer offer
AstraZeneca rejects another Pfizer offer, possibly putting an end to the world's largest drugmaker's quest to takeover Britain’s second largest pharmaceutical company. The new...