Manchester United slashes price for US IPO Britain's world-renowned football club Manchester United slashed the price of its US share launch, cutting the amount it was raising in Friday's IPO to $233 million from a hoped-for $300 million or more.
10 August 2012 13:40
Japan invests in Atyrau refineryKazakhstan's Atyrau refinery signed a loan agreement with Japan Bank for International Cooperation and Bank of Tokyo Mitsubishi UFJ for $297.5 million.
Commodity prices mostly fall on lack of stimulus measures Global commodity markets mainly fell in subdued trade this week as investors expressed disappointment at the lack of central bank action to kick-start the struggling global economy.
04 August 2012 18:48
BHP chief forgoes bonus after $2.84 bln US gas writedown BHP Billiton on Friday said chief executive Marius Kloppers will forgo his annual bonus after the world's biggest miner was forced to write down the value of its US shale gas assets by US$2.84 billion.
British finance minister fighting for survival: press British finance minister George Osborne must urgently form a plan to rectify the country's recession-hit economy after it shrank alarmingly in the second quarter.
27 July 2012 11:19
Moody's cuts Germany outlook Moody's took the first step toward stripping Germany of its coveted AAA credit rating on Monday, cutting the outlook for Europe's largest and most pivotal economy to "negative."
24 July 2012 18:30
Indonesia's weakening rupiah raises concerns Indonesia's weakening rupiah and widening current account deficit are raising concerns about Southeast Asia's largest economy, which is struggling against contagion from the global crisis.
24 July 2012 11:16
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 14:11
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 14:48
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 12:47
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 11:13
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 14:52
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 14:35
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 13:40
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 11:24
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.
