Advert

International

  • AstraZeneca buys Almirall lung drugs

    AstraZeneca took a major step to build up its respiratory medicine business yesterday by striking a deal worth up to $2.1 billion for the rights to Spanish group Almirall’s lung drugs. The British drugmaker, which resisted a $118 billion takeover...

  • Time almost up for Argentina to avoid second debt default

    Time almost up for Argentina to avoid second debt default

    Argentina faced a race against time yesterday to avert its second default in 12 years, needing to either cut a deal by the end of the day with “holdout” investors suing it or win more time from a US court to reach a settlement. Argentine Economy...

  • MEPs call for trade transparency

    EU citizens must be better informed of the progress of EU-US talks on the proposed Transatlantic Trade and Investment Partnership (TTIP), said MEPs from all political groups debating the issue with EU trade Commissioner Karel De Gucht. MEPs from...

  • Portugal Telecom to revise terms of merger

    Portugal Telecom has agreed to revise terms of a merger with Brazil’s Oi to reflect a lower valuation of the Portuguese company after a holding company of the troubled Espirito Santo family failed to repay a $1 billion loan. Portugal Telecom said...

  • Eurozone trade surplus widens

    The eurozone’s trade surplus grew year-on-year in May in a sign net trade made a positive contribution to economic growth in the second quarter, the EU’s Statistics Office data showed yesterday. The external trade surplus of the 18 countries...

  • Primark – next stop the US

    Primark – next stop the US

    Discount fashion chain Primark has made its mark in Europe by offering fast-changing fashion at rock-bottom prices. The secret of its success: placing huge orders for top-selling items like socks, tops and jeans and passing on the savings to...

  • BoE studying fallout from annuities reform

    BoE studying fallout from annuities reform

    The Bank of England (BoE) is asking insurers how they can stay in business after the British government scrapped a rule forcing people to buy their most successful product, an annuity pension. Chancellor George Osborne stunned Britain’s pensions...

  • Facebook probed on mood experiment

    Facebook probed on mood experiment

    The British data watchdog is investigating whether Facebook Inc violated data-protection laws when it allowed researchers to conduct a psychological experiment on its users. A Facebook spokesman ack-nowledged that the experiment on nearly 700,000...

  • What’s in a name? Islamic banking rebrands

    What’s in a name? Islamic banking rebrands

    Islamic banking is based on core principles of the religion. So it is striking that some banks are removing the word “Islam” from their names – a sign of both the potential of Islamic finance to grow, and the obstacles to it becoming...

  • Argentine debt investors may let law slide to reach deal

    Argentine debt investors may let law slide to reach deal

    Argentina’s prospects for finally closing out its 12-year-old default on $100 billion of debt will depend on more political and legal maneuvering, a motivated US judge and the fatigue of investors, now that it has lost an epic battle with holdout...

  • ‘We will not default again’

    ‘We will not default again’

    Addressing the nation on Monday night, Argentina’s President Cristina Fernandez de Kirchner said her country would honour its payments to holders of its restructured debt. In a nationwide televised broadcast, the President said Argentina wants to...

  • ECB action not likely to revive lending

    ECB action not likely to revive lending

    The European Central Bank’s latest offers for long-term cash won’t revive lending in the region despite expectations for strong demand, a Reuters poll showed. ECB president Mario Draghi announced several new policies this month, including cutting...

  • Cameron may fail to stop Juncker getting EU job – former PM Major

    Cameron may fail to stop Juncker getting EU job – former PM Major

    British Prime Minister David Cameron may fail to stop Jean-Claude Juncker from becoming European Commission President, but Britain will be able to renegotiate a new settlement with the European Union, former Prime Minister John Major has...

  • UK retailer Mothercare could cut up to 500 jobs – Times of London

    British baby goods retailer Mothercare plc could cut as many as 500 customer service adviser roles as part of its restructuring plans, according to the Times of London. Mothercare plans to reduce the hours of staff who work 24 hours or more every...

  • Prices drop despite undersupplied system and Ukraine crisis over gas

    British wholesale natural gas prices dropped yesterday as Russian gas to Western Europe continued to flow through Ukraine despite an export halt by Moscow since Monday and a pipeline explosion on Tuesday. Gas prices for delivery the next day were...

  • Down on its luck: time to bet on France?

    Down on its luck: time to bet on France?

    A flatlining economy. The weakest profit margins in Europe. Stubbornly high labour costs despite the record unemployment that helped bring the hard-right National Front out on top in last week’s EU election. Why would anyone invest in French...

  • Pressure mounts at Tesco as British sales slide worsens

    Pressure mounts at Tesco as British sales slide worsens

    Tesco, Britain’s biggest retailer, posted the worst quarterly drop in underlying sales in its key home market since chief executive Phil Clarke took the helm in 2011, raising further questions over his trading strategy. Clarke is two years into a...

  • Bank of England reshuffle may help Carney on rates at first

    Bank of England reshuffle may help Carney on rates at first

    A shake-up of Britain’s top monetary policymakers, which started this week, caps a year of change at the Bank of England under Governor Mark Carney and might help him withstand growing pressure to raise interest rates. Adding to a host of new...

  • US sets new import duties on Chinese solar products

    US sets new import duties on Chinese solar products

    The US slapped new import duties on solar panels and other related products from China after the Commerce department ruled they were produced using Chinese government subsidies, potentially inflaming trade tensions between the two countries. The...

  • Netflix to launch in six European countries this year

    Netflix to launch in six European countries this year

    Netflix Inc will launch its online movie and TV subscription service later this year in France, Germany and four other European countries, in a major push into new markets. The other new countries Netflix will enter in late 2014 are Austria,...

Advert
Advert