Advert

International

  • Sky shares fall as market weighs soccer rights gamble

    Britain’s dominant pay-TV firm Sky was counting the cost yesterday of its record bid to retain the rights for top-flight English soccer, with a falling share price reflecting the challenge of funding the deal. Despite protests to the contrary,...

  • Guide aims to help firms raise funds privately across Europe

    New ground rules to help companies raise funds privately across Europe have been introduced as the EU financial industry seeks to reduce a reliance on banks and US investors. Banks are traditionally the main source of corporate funding in Europe,...

  • British watchdog says bank competition still falls short

    Moves to improve competition within Britain’s banking industry have not yet had the desired effect, the head of the competition watchdog said, raising the prospect that the country’s biggest banks could be broken up. The Competition and Markets...

  • Shares mixed ahead of Greek showdown talks

    US stocks stalled their advance and European shares stumbled yesterday ahead of a showdown between Greece's finance minister and eurozone finance ministers over the country's debt, while oil prices slipped for a second day. Greek Finance Minister...

  • China plans 7% 2015 growth target

    China plans to cut its growth target to around seven per cent in 2015, its lowest goal in 11 years, sources said, as policymakers try to manage slowing growth, job creation and pursuing reforms intended to make the economy more driven by market...

  • Shell signs $11bn deal to build petrochemicals plant in Iraq

    Shell signs $11bn deal to build petrochemicals plant in Iraq

    Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said yesterday. Esawi told a press conference in Baghdad the Nibras complex, which...

  • Apple seen boosting share buybacks

    Apple seen boosting share buybacks

    Apple Inc.’s blockbuster results and a ballooning cash pile may prompt the company to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors. Apple’s shares were...

  • Canary Wharf owner ­succumbs to Qatari-led bid

    Canary Wharf owner ­succumbs to Qatari-led bid

    Canary Wharf owner Songbird Estates dropped its opposition to a £3 billion Qatari-led bid yesterday, saying the group now had the backing of the holders of at least 86 per cent of the shares. Songbird said it still thought the offer undervalued...

  • EU court adviser paves way for ECB bond-buying

    EU court adviser paves way for ECB bond-buying

    The European Central Bank won crucial backing yesterday for its pledge to do whatever it takes to support the euro when a top EU legal adviser removed a key hurdle to the bank’s plans to buy government bonds to bolster the economy. Pedro Cruz...

  • Russian finance minister warns on spending as crisis deepens

    Russia’s Finance Minister yesterday called for a cut in planned spending to weather an economic crisis, warning of a drop of more than $45 billion in revenues this year if the average oil price is $50 a barrel. In comments underlining the...

  • Oil under pressure as World Bank cuts growth forecast

    Oil under pressure as World Bank cuts growth forecast

    Oil prices pared early losses yesterday but remained under pressure after the World Bank cut its economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session. Oil and other...

  • Rouble suffers new fall but its collapse slows

    Rouble suffers new fall but its collapse slows

    The dramatic fall in Russia’s rouble slowed yesterday, with the government selling foreign currency to prop it up after a 50 per cent fall against the dollar this year. Losses were partly contained by exporters selling dollars in preparation for...

  • Apple wins class-action iPod trial

    Apple wins class-action iPod trial

    A jury in California has found in favour of Apple in a billion-dollar class-action lawsuit over the price of its iPod music players. The eight-member jury in US District Court rejected a claim by lawyers for consumers and iPod resellers, who...

  • Oil below $60 as Opec, Russia keep pumping

    Brent crude oil traded below $60 a barrel yesterday, near five-and-a-half-year lows, as major oil producers signalled they would maintain output despite a supply glut and faltering demand in Russia and Europe. Core Gulf Opec members have said they...

  • EU shines light on dirty money with central registers

    EU shines light on dirty money with central registers

    The European Union has agreed rules to stamp out tax evasion and stop dirty money from criminal gangs or terrorism finance being channelled through anonymous companies. EU states and the European Parliament struck the agreement on Tuesday evening...

  • Equities gain as oil prices rebound, and safety bid eases

    Global markets stabilised yesterday, with US and European equities rebounding as a comeback in oil prices drove up energy shares. The yield on US five-year Treasuries climbed to session highs as the gains on Wall Street and domestic oil futures...

  • Quantitative easing or not?

    Quantitative easing or not?

    The ECB’s monthly rate meeting today will focus minds on the debate over quantitative easing in the eurozone, as a series of data releases on both sides of the Atlantic sheds more light on European woes and US strength. Final purchasing manager...

  • Prosecutors investigate Airbus projects

    Munich prosecutors are carrying out an investigation at Airbus’s defence unit over alleged corruption linked to contracts with Romania and Saudi Arabia, they said yesterday. The Munich prosecutor’s office said it was investigating EADS, as Airbus...

  • Regulators widen probe into Orange, Jazztel deal

    Regulators widen probe into Orange, Jazztel deal

    EU antitrust regulators are likely to expand their scrutiny of French telecoms provider Orange’s 3.4-billion-euro bid for Jazztel after the companies failed to allay their concerns, two sources familiar with the matter said yesterday. Orange,...

  • Greece needs bailout extension as new credit line gets delayed

    Greece needs bailout extension as new credit line gets delayed

    Greece will have to ask for an extension on its bailout programme before parliaments in eurozone nations close for Christmas because a new credit line will not be ready in time, a senior eurozone official said yesterday. After two bailouts...

Advert
Advert