Search Results for: EU
Wipro bags $1.2 billion outsourcing contract of Canadian firm ATCO
July 18th, 2014
Wipro has bagged a $1.2 billion 10-year deal to manage information technology outsourcing of Canadian energy and utilities firm ATCO, thereby giving a further fill-up to the Bangalore-based IT firm’s oil and gas vertical. Under the deal – announced ...
UK banks face break-up threat as watchdog plans competition probe
July 18th, 2014
Britain’s big banks could be broken up after the country’s new competition watchdog said it plans to launch an 18-month investigation into services for small business customers and personal current accounts. The Competition and Markets Authority (CMA) said on ...
Bitcoins Can’t Shake Bubble Image in Poll After 45% Drop
July 18th, 2014
Bitcoins, which lost 45 percent of their value after skyrocketing to more than $1,100 last year, are poised to tumble further, according to the latest Bloomberg Global Poll of financial professionals. Fifty-five percent of those surveyed said the virtual ...
Nikkei posts biggest drop in three weeks, downing of Malaysia jet hits mood
July 18th, 2014
Japan’s Nikkei share average dropped to a one-week low on Friday and posted its biggest one-day fall in three weeks as investors turned risk averse on news a Malaysian Airlines passenger jet was shot down near the Ukraine-Russia border. ...
Asian shares fall as Malaysia jet downing hits sentiment
July 18th, 2014
Asian shares sagged and a drop in Treasury yields pressured the dollar on Friday after news of a downed Malaysian airlines jet at the Ukraine-Russia border sent investors scurrying into defensive assets. The United States believes a surface-to-air missile ...
Alibaba Plans IPO for After Labor Day
July 18th, 2014
Investors will have to wait a little longer for a chance to buy into the year’s most-anticipated initial public offering. Alibaba Group Holding Ltd. on Thursday decided to push back its IPO—which could raise more than $20 billion—until after ...
AbbVie-Shire Deal Is Expected, in a Flight to a Lower-Tax Locale
July 18th, 2014
The biggest deal of the year is set to be announced on Friday morning, as the pharmaceutical giant AbbVie plans to announce a $53 billion acquisition of Shire, according to people briefed on the matter. The deal will allow ...
Fedex faces criminal charges over online pharmacies
July 18th, 2014
FedEx Corp was indicted on Thursday for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials, according to a court filing. The 15-count indictment, handed down by a federal grand jury in San Francisco, ...
RBS winding down distressed debt unit
July 18th, 2014
State-backed Royal Bank of Scotland Group Plc is shuttering a distressed-debt unit as it continues to shrink its investment bank, Bloomberg reported, citing three people familiar with the matter. “We are materially reducing our special situations group,” Bloomberg quoted ...
Apple appoints BlackRock founding partner to board
July 18th, 2014
Apple Inc said Susan Wagner, founding partner of BlackRock Inc, had been appointed to its board. The maker of iPhone said Bill Campbell, the board’s longest-serving member, would retire after 17 years of service. Campbell is chairman of Intuit ...
