Business

Ireland Has Too Much To Lose To Deter U.S. Companies Re-Homing

Ireland is in the firing line from Washington again for luring U.S. companies to its shores for tax benefits, but despite contrite noises coming from Dublin, it has too much to lose to discourage U.S. firms bent on shifting...

Wall Street Up On GDP Data; Twitter Has Biggest Jump Ever

U.S. stocks were boosted Wednesday by some bullish earnings and a read on second-quarter economic growth that came in much stronger than expected, overshadowing a weak report on the labor market. Gross domestic product grew at a 4 percent annual...

Euro Touches Eight-Month Low, European Shares Fall

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The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were at record lows ahead of inflation data expected to boost the case for further European Central Bank policy easing. Investors were also awaiting a...

Exclusive: Upstart Trading Venue IEX May Prompt U.S. Market Rule Change

U.S regulators may relax rules that require the fastest possible execution of securities trades, potentially helping upstart trading venue IEX Group's plans to become a full-fledged stock exchange. IEX, described in author Michael Lewis' book "Flash Boys: A Wall Street...

Deutsche Bank Profit Rises As investment Bank Focus Pays Off

Deutsche Bank's plan to become "the last man standing" in investment banking in Europe is working, the bank said on Tuesday, reporting a 16 percent year-on-year increase in quarterly pretax income. But the specter of costly litigation and settlements cast...

Exclusive: Goldman Unit Eyes Foray Into China Amid Metals Financing Scandal

Goldman Sachs Group Inc's metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market...

China Regulator In Snti-Monopoly Probe Of Microsoft

A Chinese regulator said on Tuesday it is conducting an anti-monopoly investigation into Microsoft Corp (MSFT.O) because the firm has not fully disclosed information about its Windows operating system and Microsoft Office software. China's State Administration for Industry & Commerce...

Shanghai Court Says Trial Of GSK-Linked Investigators Set For August 8

The public trial of a foreign couple linked to GlaxoSmithKline Plc (GSK) is set for Aug. 8, a Shanghai court said on Tuesday. Earlier this month, Chinese prosecutors accused British investigator Peter Humphrey and his American wife Yu Yingzeng for...

Microsoft Says Government Officials Make Sudden Visits To China Offices

Chinese government officials have made sudden visits to Microsoft Corp (MSFT.O) offices in China, a spokeswoman for the company said on Monday, but declined to give any reason for the inspections. China's State Administration for Industry & Commerce, which Chinese...

Dollar Tree To Buy Family Dollar For $8.5 Billion

Discount store chain Dollar Tree Inc said it would buy rival Family Dollar Stores Inc for about $8.5 billion, creating North America's biggest discount retailer. Shares of Family Dollar, which has been under pressure from activist investor Carl Icahn to...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
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