Franklin Templeton buys into Dubai asset manager
Franklin Templeton Investments, which manages $621 billion in assets, has bought 25 percent of Dubai's Algebra Capital Ltd and wants to grow its business in Arab markets, it said on Tuesday.
Deutsche Boerse sidesteps question on LSE interest
Deutsche Boerse declined to comment when asked on Tuesday whether the group was interested in U.S. Nasdaq Stock Market Inc's stake in London Stock Exchange.
Lindt CEO says considering buying Godiva: report
Swiss chocolate maker Lindt & Spruengli is considering buying Campbell Soup Co.'s Godiva Chocolatier brand, its chief executive told the Financial Times Deutschland newspaper.
Firms, banks begin to shed subprime caution
Companies showed signs of shrugging off the caution that has enveloped the world economy since a credit crisis broke, as investors looked on Tuesday to U.S. data to gauge the likelihood of a Federal Reserve rate cut.
Nikkei falls before U.S. data, Fast Retailing down
The Nikkei average lost 0.6 percent on Tuesday on caution ahead of a wave of U.S. economic data, while clothing company Fast Retailing Co Ltd extended its slide after announcing further acquisition plans.
GDF, Suez stocks slip again on merger doubts
Uncertainty about the revised terms of the planned merger of Gaz de France and Suez and worries about a possible interference of the French state in the new power giant nagged the companies' shares again on Tuesday.
Futures signal weak start before factory data
U.S. stock index futures indicated a weaker open on Wall Street on Tuesday before a key economic report forecast to show a dip in manufacturing activity last month.
Oil holds above $74, investors on hurricane watch
Oil held above $74 on Tuesday, as investors tracked a potentially catastrophic hurricane threatening Central America and OPEC stuck to supply curbs ahead of its meeting next week.
Softer stocks reignite risk aversion, boost yen
The yen strengthened on Tuesday as softer equity markets ahead of a flurry of U.S. data signaled a return to risk aversion for nervous markets, leading investors to unwind carry trade positions.
Climate change lifts APEC temperature
Usually derided as teetering on the tip of irrelevance, this year's Asia-Pacific leaders' summit in Sydney hopes to rise above its reputation for glacial action and have a real impact on the course of climate change. Leaders gathered for the meeting hope to build on June's G8 summit, in which nations agreed to consider a 50 percent cut in emissions by 2050 and build momentum ahead of a U.N. climate change meeting later this month.
New Blade Runner cut is how it should have been
Now with directorial clout, British filmaker Ridley Scott remakes the movie he made 25 years ago.
Nokia Siemens says reassured buyers after Q2 nerves
Nokia Siemens Networks (NSN) said on Monday it had reassured customers over the merger that created the telecom equipment maker, after uncertainty dented sales in the second quarter.
TV industry waits, frustrated, for next push
The television industry is ready to deliver a host of new ways to experience video from high-definition (HD) TV to Internet and mobile TV but manufacturers are frustrated at a lack of political impetus.
The Simpler Life
TVs usually dominate Europe's largest consumer electronics show but many gadgets in Berlin this week aim to make life simple and more beautiful too.
Reports of plasma's demise premature, makers say
Plasma television technology has a bright future despite an onslaught on its home turf from rival LCD (liquid crystal display) TVs, makers of plasma screens told Reuters at the IFA consumer electronics fair in Berlin.
Division over next-generation DVDs deepening
Hollywood studios are becoming deeply divided over which high-definition technology will replace the DVD, increasing prospects that it will be years before next-generation players become standard equipment in U.S. households.
Public indifferent to green overtures at IFA fair
Manufacturers at Europe's biggest consumer electronics touted their green credentials in vain to customers more interested in bigger and brighter screens.
APEC set for world trade, climate change talks
President George W. Bush hopes to spur momentum for a world trade pact and a global target on climate change at this week's APEC summit in Sydney, but host Australia has warned not to expect binding greenhouse targets. The Asia Pacific Economic Co-operation (APEC) summit will draw 21 leaders including Bush.
FTSE ends near 4-week high, Barclays helps
Britain's leading shares rose on Monday in thin volumes as comments by Barclays eased concerns over its financial health, helping to underpin financial stocks.
Small banks seen winning Intesa branch sale-source
Intesa Sanpaolo, Italy's biggest retail bank, is in exclusive talks with a group of small Italian banks in the bidding for nearly 200 outlets, a financial source said on Monday confirming newspaper reports.
Australia's Leighton buys Al Habtoor stake
Australian construction firm Leighton Holdings Ltd said on Monday it will pay about A$870 million ($707 million) for a 45 percent stake in Dubai-based Al Habtoor Engineering as it continues to expand in the lucrative Gulf market.
Holidaying U.S. leaves investors ticking over
World stocks made small gains and currency markets traded in a narrow range on Monday as many investors avoided taking strong positions during the U.S. Labor Day holiday with its accompanying lack of key economic news.
Airbus sees booming Chinese jet demand, A380 orders
European plane-maker Airbus expects Chinese airlines will need up to 150 of its jets over the next five years, including its giant A380s, as Chinese airlines expand to serve a domestic and international travel boom.
Sony PS3 narrows Nintendo Wii sales lead in Japan
Nintendo Co Ltd's video game console Wii outsold Sony Corp's PlayStation 3 by a ratio of three to one in Japan in August, but Nintendo's overwhelming lead in the market narrowed for the second consecutive month.
FDA extends review for Astellas fungal drug new use
U.S. health authorities have extended by three months their review of Astellas Pharma Inc's application for fungal drug Mycamine to be used for additional indications, the company said on Monday.
Sainsbury's Qatar suitor takes $3 billion loan: bankers
State-owned Qatar Investment Authority, which has offered to buy British supermarkets chain J. Sainsbury Plc, has raised a $3 billion loan as a warchest for investments, bankers said on Monday.
Trade diplomats roll sleeves up in new WTO push
Trade diplomats returned to the negotiating table on Monday for practical and business-like talks about the compromises needed to clinch a new global free trade accord this year.
SMIC in talks to buy NEC China JV-sources
China's biggest chipmaker, Semiconductor Manufacturing International Corp, is in advanced talks to acquire Japanese tech giant NEC's China venture to boost scale in the country's competitive chip market, two sources familiar with the situation said on Monday.
Sarkozy sets stamp on French power merger
The planned merger of Gaz de France and Suez to create one of Europe's largest energy groups has once more underlined President Nicolas Sarkozy's determination to keep a firm hold on French industrial policy.
OMX says had record trade volume in August
Exchange owner OMX said on Monday that daily trading on its exchanges reached a new high in August, eclipsing a record set in February of this year.