Euro falls to lowest against yen in over a decade The euro tumbled below 95 yen for the first time in almost 12 years on Monday as dealers rushed to the safe-haven Japanese unit owing to growing fears about Spain's debt crisis.
23 July 2012
Nasdaq hikes payout figure for botched Facebook IPO Nasdaq on Friday raised to $62 million the amount of money it will set aside to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.
21 July 2012
Online woes spark first Microsoft loss ever Microsoft posted its first ever loss on Thursday, shedding $492 million in the fourth quarter due to a massive $6.2 billion write-down to reflect the slump in value of its online operations.
21 July 2012
HSBC shares dive in Hong Kong after apology Shares in global banking giant HSBC fell more than two percent in Hong Kong on Wednesday after a top executive resigned over the lender's failure to control money laundering and terrorist financing.
19 July 2012
PayPal stuffs startup into its smartphone wallet EBay-owned online financial transactions titan PayPal on Tuesday announced that it has bought a San Francisco startup focused on using smartphone cameras to take credit card payments.
18 July 2012
Visa, MasterCard to pay billions in card-fee suit Credit card giants Visa and MasterCard agreed Friday to pay more than $6 billion to millions of merchants which had sued them for allegedly fixing card-use fees.
14 July 2012
Eurozone offers Spains 30 bn euros for banks Eurozone finance ministers agreed Tuesday to offer Spain 30 billion euros this month to help its distressed banks as they raced to stay ahead of market scepticism.
10 July 2012
New Greek government pins hopes on privatisations Greece's new government formally takes office this week and looks set to push privatisation so as to win favour and funds from EU-IMF creditors who are inspecting the country's strained finances.
Manchester United plays for dollars in US IPO Storied British football club Manchester United, overloaded with debt since their takeover by a billionaire American family of investors, is moving to raise cash through a US share sale.
05 July 2012
Kazakhstan will encourage squealingKazakhstan financial police is going to present a draft decree allowing to pay remuneration to Kazakhstan citizens who nose upon stealing officials.
Kazakhstan Tenge will not be devalued: expertAn expert of Kazakhstan Ministry of Economic Development Madiyar Kenzhebulat said that 166 tenge per 1 dollar would be “the worst scenario” for Kazakhstan currency.
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