Search Results for: European law
The billion-dollar fall of the house of Espirito Santo
August 29th, 2014
On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. Salgado signed two letters to Venezuela’s state oil company, which had bought $365 million in ...
Microsoft CEO Nadella might visit China amid antitrust probe
August 28th, 2014
Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world’s largest software company. It ...
China antitrust regulator claims Microsoft sales information not transparent
August 26th, 2014
Microsoft Corp’s internet browser and media player are being targeted in a Chinese antitrust probe, raising the prospect of China revisiting the software bundling issue at the heart of past antitrust complaints against the firm in the West. Microsoft ...
How Money is Made
August 20th, 2014
Last month, the BRICS countries (Brazil, Russia, India, China, and South Africa) announced the establishment of their own development bank, which would reduce their dependence on the Western-dominated, dollar-focused World Bank and International Monetary Fund. These economies will benefit ...
Google and Right-to-Be-Forgotten Critics Distort Ruling
August 18th, 2014
Google Inc. (GOOG) and other critics of a European Union court ruling that created a right to be forgotten on the Internet are exaggerating it to undermine a reform of data-protection rules, the EU’s justice chief said. Search engines ...
Asia shares up after Wall St recovers from Ukraine-driven slide
August 18th, 2014
Asian stocks stalled and the dollar sagged against the safe-haven yen on Monday, as another bout of tensions in the Ukrainian conflict sapped investor confidence. Spreadbetters are picking European shares, which already had a chance on Friday to absorb ...
Oil Falls After Strong Global Supplies
August 7th, 2014
Brent crude traded near its lowest closing level in nine months on speculation that supplies remain sufficient to meet demand. West Texas Intermediate was near a six-month low. Futures were little changed in London. In Iraq, Kurdish exports remain ...
Big Banks’ ‘Living Wills’ Get Failing Grade
August 6th, 2014
Wall Street banks spent two years asking U.S. regulators what they should put in hypothetical bankruptcy plans to prove they aren’t “too big to fail.” The agencies broke their silence yesterday with a grade: Fail. The Federal Reserve and ...
Europe Index Futures Tumble With Asian Stocks; Kiwi Drops
August 6th, 2014
European index futures (SPA) dropped with the euro and stocks in Asia amid escalating tensions over Ukraine and concern that stronger U.S. growth will lead to sooner-than-projected interest-rate increases. New Zealand’s dollar and emerging-market currencies weakened. Futures on the ...
Walgreens CFO exits ahead of tax inversion news
August 5th, 2014
Walgreens announced Monday that the company is replacing Chief Financial Officer Wade Miquelon, a move that comes just as the Deerfield, Ill., drugstore chain plans to announce a decision on whether they will nominally move its headquarters overseas to ...
