Italy’s two biggest banks, Intesa Sanpaolo and UniCredit, have signed a deal with US private equity firm KKR and restructuring adviser Alvarez & Marsal to create a vehicle for restructured loans, a statement said on Tuesday.
European stock markets rallied in morning deals on Tuesday as shares in pharmaceutical groups surged owing to a major reshaping of the sector.
China will cut the amount of funds rural banks must keep in reserve by up to two percentage points, the central bank said Tuesday, easing monetary policy in a bid to boost its slowing economy.
Fact file on new and concept cars at the Beijing auto show, which opened to the public Monday and spotlighted sport utility vehicles (SUVs), luxury cars and large sedans:.
Chinese stocks tumbled 1.52 percent Monday on fears of a possible market glut after authorities revealed a list of several firms planning initial public offerings (IPOs).
Japan’s Hitachi said Monday it will provide the world’s fastest elevators, which can clock speeds of up to 72 kilometres (45 miles) per hour, to a high.
China’s car market is just gearing up as the world’s largest, yet automakers are already eyeing the next big thing .
Turkey has agreed “in principle” to increase shipments of natural gas from Russia via the Blue Stream pipeline, its energy minister said on Monday.
India’s biggest outsourcing firm Tata Consultancy Services (TCS) and Japan’s Mitsubishi Corp said Monday they are teaming up to create a Japanese software services provider with annual revenues of $600 million.
Italian Prime Minister Matteo Renzi cut taxes for 10 million low earners to try to boost household spending after a two.
US pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a 60 billion pound ($101 billion) takeover, the Sunday Times reported on Sunday.
Brazil´s federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday.
Global automakers are scrambling to meet the demands of China’s young urban professionals, who want a car that makes them stand out, yet don’t always have the money to splurge on a top-end model.
8211; Russia’s parliament has agreed to write off almost $10 billion of North Korea’s Soviet-era debt, in a deal expected to facilitate the building of a gas pipeline to South Korea across the…
8211; Dozens of the largest U.S. stock exchanges, brokerages and high-frequency trading firms were hit with a class action lawsuit by the capital of the state of Rhode Island, accusing them of…
A group of investors seeking to buy Mt. Gox has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets.
8211; The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even as European sales jumped, after the U.S. tax authority tightened…
8211; Japanese Prime Minister Shinzo Abe’s government plans to shake up the world’s biggest pension fund, replacing several key advisers in a sign that the premier wants public funds to invest more aggressively,…
Iran’s crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when the country elected a new president, a top government official said Friday.
Tokyo investors will be watching the release of a string of data from the United States, China and Japan next week, after the benchmark Nikkei 225 index scratched back some of last week’s big losses.
Shanghai shares ended flat Friday on persistent fears about the world’s number two economy, at the end of a week that saw the release of data showing growth slowed sharply in the first three months of the year.
The world’s three biggest platinum producers have made a new pay offer to end a strike which has crippled their South African operations for 12 weeks, a spokeswoman said on Friday.
8211; The chief executive of Anglo-Dutch energy giant Royal Dutch Shell Ben van Beurden met President Vladimir Putin at his private residence on Friday, telling the Russian strongman that the company wanted to…
European shares edged lower on Thursday, weighed down by companies reporting earnings that were knocked by currency effects and weak demand from China, confirming a poor start to the earnings season in Europe.
Iran’s crude oil exports fell for the first time in five months in March, and are slated to drop further in April, moving closer to the levels stipulated by November’s temporary nuclear deal that eased some sanctions on Tehran.
Demand for cars in Europe moved up another gear in March and struggling French group Peugeot Citroen did well, trade data showed on Thursday, but the market is still suffering badly from a recent slump.