Business
French Economy Minister Says Austerity Measures Sapping Growth
Montebourg's interview with Le Monde daily came days after President Francois Hollande said he would accelerate reforms but not back away from his supply-side...
Russian Deputy PM Says No Plans To Ban McDonald’s: Itar-Tass
Russian authorities are not planning to close the McDonald's chain in the country, Deputy Prime Minister Arkady Dvorkovich was quoted saying on Saturday, after...
US Clothing Store Gap To Set Up In India
US clothing store Gap is bringing its brand to India with the aim of opening 40 outlets, and it will launch the first two...
Germany Gives Nod To RWE Unit Sale To Russian Investor: Sources
Germany's economy ministry will approve the sale of utility RWE's (RWEG.DE) oil and gas unit DEA to a Russian investor despite tensions between Russia...
Bank Of America Settles Mortgage Probes For $16.65 Billion
Bank of America Corp (BAC.N) reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought...
Wall Street Dips At Open, Dragged By Lowe’s, Target
U.S. stocks dipped slightly at the open on Wednesday following weak earnings forecasts from retailers Lowe's and Target, ahead of the release of minutes...
Argentina Says Proposed Debt Swap Aims To Protect Investors
Argentina's plan for making payments on its sovereign bonds via a local bank aims to protect the vast majority of creditors who participated in...
StanChart’s $300 Million Fine Raises Heat On Board
A $300 million fine on Standard Chartered (STAN.L) for lapses in anti-money laundering controls has piled pressure on the bank's board, coming after a...
Citigroup Seeks To Exit Japanese Retail Banking : Source
Citigroup Inc (C.N) is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said on Wednesday, as...
SAP SE To Invest $500 Million In Africa
SAP SE (Systems Applications Products Societas Europaea), a European multinational software corporation, will invest up to $500 million in Africa over the next seven...
