Wal-Mart Stores Inc., has announced that it will increase its investment in the holding company of Yihaodian, Chinese eCommerce company, in an effort to strengthen its online presence.
China’s central bank has announced a cut in reserve requirements for the first time this year to reinforce economic growth.
Spending on information technology fell 13 percent in Egypt last year after the fall of former president Hosni Mubarak and will be flat for 2012 as a political void stalls government investment in the sector, IDC said on Sunday.
Japanese prosecutors are considering indicting the Olympus Corp. as a company for falsifying its financial reports to conceal huge investment losses in a $1.7 billion scandal, the Kyodo news agency reported on Sunday, quoting investigative sources.
Stephen Schwarzman, the boss of Blackstone, the world's biggest private-equity firm, made his fortune by buying, restructuring and selling companies -- delivering outsized returns for investors. These days, he is getting huge rewards for being the largest shareholder in what is more like an asset manager on steroids.
In the latest in a string of asset sales, Canada's Encana Corp. will sell a 40 percent stake in British Columbia natural-gas assets to Japan's Mitsubishi Corp. in a C$2.9 billion ($2.9 billion) deal that will help the energy company strengthen a balance sheet weakened by low gas prices.
U.S. job creation will accelerate a bit this year as a moderate economic recovery continues, the White House said on Friday, but it faces a key risk from the debt crisis in Europe -- and President Barack Obama's annual economic report warned that the road ahead could still be bumpy.
Masters of the Eurozone are considering tweaks to Greek debt restructuring in terms of its private-sector involvement among several options to further cut Greek debt toward the target of 120 percent of gross domestic product in 2020, officials said.
The parent of Fidelity Investments, FMR LLC, plans to raise $250 million through a debt offering, according to U.S. regulatory filings.
Prompted by a delay in a big trade of a popular exchange-traded fund, the U.S. Securities and Exchange Commission is taking a closer look at a possible connection between high-frequency traders and hedge funds jumping in and out of ETFs, among other areas, according to a person familiar with the matter.
While Indian authorities have launched an investigation into Monday's New Delhi car bombing, and its suspected masterminds, Prime Minister Manmohan Singh's government has continued to embrace trading with the country that is widely suspected of the attacks -- Iran.
The major U.S. indices floated close to yearly highs Friday, but extremely low volumes of trading, divergences in the behavior of important sub-indices and various other technical indicators suggested U.S. equities might be in for a price-slashing correction soon.
China’s Vice President Xi Jinping, on the last day of a much-ballyhooed five-day trip through the United States, said the Chinese economy will avoid a “hard landing” this year and maintain stable growth.
United Parcel Service Inc. is in talks with TNT Express after its Dutch rival rejected a 4.9 billion-euro ($6.45 billion) cash bid, the companies said on Friday.
Chinese Vice President Xi Jinping said on Friday the Chinese economy would experience stable growth and avoid a hard landing this year, dispelling a scenario economists fear may upset the global economy.
Dutch delivery firm TNT Express said on Friday its board of directors has rejected an unsolicited takeover offer from U.S-based peer UPS worth an estimated 4.9 billion euros, but it said discussions are continuing.
The convoluted path of Air Australia, which is less than four months old and operated on a leased fleet of five aircraft, is being framed as a case study in which corporate hubris and a hands-off approach from corporate regulators combined to deliver a spectacular demise.
France and England signed a new nuclear-energy pact on Friday that will lead to the construction of more nuclear power plants in the United Kingdom, with more than 500 million pounds sterling ($791 million) of private-sector investment.
German carmaker Porsche's new sports car in the SUV segment will be called Macan. The name is derived from the Indonesian name for tiger.
Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.
Exchange operator Nasdaq OMX is trying to gain support for a legislative proposal that would give it a competitive edge over both rival exchanges and banks that operate anonymous trading venues known as "dark pools."
Spider-Man: Turn Off the Dark producers have settled a dispute with the Broadway show's former director Julie Taymor
