June 24, 2013 3:17 pm
Rio Tinto the Anglo-Australian mining group, has recently stated it has abandoned plans to sell its precious gems business. Alan Davies, the head of Rio’s diamonds and minerals division, said today the company had considered a number of “strategic ownership options” for the division but decided the “best path to generate maximum value” for shareholders […]
Read moreJune 24, 2013 12:51 pm
US stock futures declined signaling the benchmark indexes would expand their monthly loss in more than a year. Futures on the S&P 500 expiring in September plunged by 0.9% to 1,569.9 at 7:14 a.m. in London. The benchmark index sank 2.1 percent last week, the most since April, after the Federal Reserve said it may […]
Read moreJune 24, 2013 7:22 am
Vodafone Group Plc. signed a preliminary agreement to acquire the German Kabel Deutschland Holding AG after offering a higher price of its previous offer. The purchase of Kabel brings to Vodafone access to 8.5 million connected households and potential customers for phone, Internet and TV subscriptions packages. Vodafone said it would pay 87 euros for […]
Read moreJune 24, 2013 6:46 am
Last week all three benchmark US indexes recorded daily records low since more than a year. Investors withdrawal from market was influenced by the statement of the Feds chairman Ben Bernanke who shared central banks intention to reduce stimulus till the end of this year. Although the statement was more of a hint of what […]
Read moreJune 21, 2013 12:50 pm
European stocks rose as the benchmark indexes Euro Stoxx 600 and Euro Stoxx 50 gained 0.38% and o.27%, respectively, rebounding from 1.5 year low. Federal Reserve said it may start reducing bond purchase program at the end of the year if the economy strengthens in line with forecasts. Standard & Poor’s 500 Index futures climbed […]
Read moreJune 21, 2013 11:05 am
On Thursday, Samsung Electronics presented its new stripped down version of the flagship Galaxy S4 smartphone. The launching spree of new devices didnt stop there but continued with showing two new tablet devices. The new products came as an answer to recent concerns that sales of the companys top smartphone Galaxy S4 are not reaching […]
Read moreJune 21, 2013 9:05 am
The finance ministers of the Euro-zone agreed to let a bailout fund pump cash directly into struggling banks. That would happen only if countrys governments share the risk by making capital investments in such banks. This strategy of direct recapitalizing banks through the 500 billion euro bailout fund is seen as a crucial achievement to […]
Read moreJune 21, 2013 7:41 am
SprintNextel Corp., currently being Clearwires majority shareholder, has been competing with Dish Network Corp. over Clearwire since January as both companies see Clearwire as the help they need to boost their wireless services. Sprint Nextel Corp. raised its buyout offer for Clearwire Corp. to $5 per share yesterday. The decision was supported by a key […]
Read moreJune 21, 2013 6:45 am
The worst day of the year for main US benchmark indexes was recorded yesterday. One day after Feds Chairman Ben Bernanke confirmed investors surmise that government bond buying program is going to start reducing stimulus till the end of the year. The Dow Jones Industrial average lost 353 points, or 2.3%. The decline was the […]
Read moreJune 20, 2013 2:15 pm
A co-ordinated move by regulators of six European countries aims to threaten Google to pay several million euros if the company doesnt address its data privacy issues within three months. “Time is running out for Google to get serious about data protection,” Viviane Reding, the EU’s top justice official in charge of bolstering the bloc’s […]
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