Business

Apollo, Cooper Disagree Over $2.5 Billion Deal Value As Wrinkles Emerge

Apollo Tires' (APLO.NS) $2.5 billion acquisition of Cooper Tire & Rubber Co (CTB.N) has flared into a war of words as the two companies haggle over the price of the deal plagued by labor issues in the United States,...

Asian Shares, Dollar, Oil Dip As U.S. Shutdown Drags On

Asian shares, oil prices and the dollar came under pressure on Monday as politicians in Washington showed no signs of making progress to resolve the U.S. budget standoff, while safe-haven gold inched higher. Financial bookmakers expected European shares .FTSE .GDAXI...

Airbus Clinches Landmark Order For 31 Jets With Japan Airlines

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Airbus announced its first jet order from Japan Airlines Co Ltd (9201.T) on Monday, breaking open the last major aviation market dominated by rival Boeing Co (BA.N) after delays and a grounding of its 787 Dreamliner cast a shadow...

Twitter Reveals Rip-Roaring Growth, Big Losses Ahead Of IPO

Twitter Inc, racing toward the largest Silicon Valley IPO since Facebook Inc's 2012 coming-out party, hopes to woo investors with rip-roaring revenue growth despite having posted big losses over the past three years. The eight-year-old online messaging service gave potential...

U.S. Tensions Keep Dollar Near Eight-Month Low, Stocks Sag

The government shutdown and looming debt deadline in the United States kept the dollar pinned at an eight-month low on Friday and drove world shares towards a second week of losses. With no clear progress in Washington, financial markets were...

UK Banks Slow To Compensate Firms For Swaps Mis-Selling

British banks have paid out only a fraction of the 3 billion pounds ($4.85 billion) they set aside to compensate small firms mis-sold complex hedging products, drawing criticism from businesses and the financial watchdog. The country's biggest banks have run...

Samsung Takes Aim At Second Straight Year Of Record Profit As Memory Chips Rebound

Samsung Electronics Co Ltd is on track to post its second consecutive year of record earnings as a rebound in its semiconductor business shields the South Korean tech giant from a slower smartphone market. The world's biggest memory chipmaker is...

Banks To Repay 7.7 Billion Euros Of ECB Crisis Loans

Banks will return 7.675 billion euros ($10.46 billion) of crisis loans early to the European Central Bank next week, the ECB said on Friday, driving the amount of excess liquidity down and closer to the threshold where market interest...

U.S. Deadlock Hits Dollar, Weakens Shares

World stock markets began to shake on Wednesday in response to a U.S. government shutdown that shows no signs of ending soon, also sending the dollar to a one-month low against the yen. Investors have generally taken the view that...

Microsoft Investors Push For Chairman Gates To Step Down

Three of the top 20 investors in Microsoft Corp are lobbying the board to press for Bill Gates to step down as chairman of the software company he co-founded 38 years ago, according to people familiar with matter. While Microsoft...
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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