Coca-Cola Co (KO.N) is buying a stake in Saudi Arabia-based beverage company Aujan Industries for $980 million in what is seen as a bid to catch up with rival PepsiCo Inc (PEP.N) in the Middle East.
China on Wednesday dangled the prospect of more trade and economic incentives for Taiwan ahead of elections there next month, but warned the pro-independence opposition closer ties would be at risk if it did not change its stance.
Burger King is introducing a new style of its fries on Friday, and on that same day, the company will give away its new fries to customers for free.
Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday after a 13-year fraud, with a $1.1 billion dent in its balance sheet triggering speculation it will need to merge, sell assets or raise capital to repair its finances.
India's economic gloom deepened on Wednesday as figures showed a record low rupee is adding to Reserve Bank of India's (RBI) inflation headache and an adviser to the prime minister said there was little that could be done to check the currency's slump.
Most Southeast Asian stock markets closed weaker on Wednesday in light trading volumes after the Federal Reserve warned that turmoil in Europe poses a big threat to the world's biggest economy.
Rajesh Exports, the world's biggest jewellery maker, expects to raise gold imports by 17 percent next year to power its renewed thrust in the competitive and fragmented local jewellery market as a cushion against a volatile export market.
India's Rajesh Exports, the world's biggest jewellery maker, expects to raise gold imports 17 percent next year to power its renewed thrust in the competitive and fragmented local jewellery market as a cushion against a volatile export market, its chairman said on Wednesday.
Japanese camera maker Olympus Corp beat the deadline for an automatic delisting after it reposted five years of earnings, which showed a $1.1 billion loss and ignited merger speculation.
Last month the International Energy Agency said in its World Energy Outlook that If, between 2011 and 2015, investment in the [Middle East and North Africa] region runs one-third lower than the $100 billion per year required, consumers could face a near-term rise in the oil price to $150/barrel.
Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday, unwinding a 13-year fraud to reveal a $1.1 billion dent in its balance sheet and igniting speculation it would need to merge or sell assets to repair its finances.
Japan's disgraced Olympus Corp ironed out its crooked accounts Wednesday, unwinding a 13-year fraud to reveal a $655 million dent in its balance sheet and igniting speculation that it would need to merge or sell assets to repair its finances.
Jefferies Group Inc. (JEF), a mid-market pure play investment bank that has been battered for weeks by a steady feed of negative rumors, has more bad news to share. The firm is slashing 11 percent of its workforce, mainly in its equities division, as investors remain skeptical about the company’s ability to stay independent.
This December, Santa may well deliver more than just candy or coal to the entrepreneurs of Silicon Alley startups. If 2011 has been any indication, more money than ever before is being dumped into the coffers of New York-based high tech firms. For example, consider the following deals that have just happened:
Japan's scandal-ridden Olympus Corp faces one of its biggest challenges to survive as an independent company on Wednesday, when it must meet a deadline to file its second-quarter results or be delisted from the Tokyo stock exchange.
Activist investor Daniel Loeb, who already owns 5.2 percent of Yahoo, sent another letter to the company. This time, he demanded to see a list of prospective bidders.
Fed-watchers two decades ago had a hard time speculating what the central bank's decisions were because the Fed said relatively little about its monetary policy and allowed actions to speak for themselves. However, efficient markets do not like to be kept guessing.
It's an understatement to say that the Great Recession took its toll on department store chains, but there are survivors, and Nordstrom (JWN) is one.
Morgan Stanley (MS) is taking a step back to reach a mutually beneficial settlement with bond insurance firm MBIA. The investment bank announced Tuesday that it's willing to take a pre-tax loss of $1.8 billion in the current quarter to resolve outstanding legacy exposures.
The amount of gold held in exchange-traded products is near record highs and although the gold price is suffering from investors' desire for the safety of cash, the risk of this $116 billion stash of bullion being jettisoned is distant.
Most Southeast Asian stock markets fell on Tuesday on fears that any fresh credit rating downgrades in Europe will deal a fresh blow to financial markets and the cooling global economy.
Tourism will be a key priority for Egypt if Islamists come to power, the country’s major Islamist parties announced on Sunday.
