China’s biggest e-commerce provider, Alibaba Group Holdings, has come to a $7.1bn agreement after years of negotiations with Yahoo! to buy back half the 40 percent share owned by the American intern...
Global commodities giant Louis Dreyfus announced late Sunday it is planning to issue bonds for the first time in its 160-year history, according to its CEO Serge Schoen. The firm is intending to boost...
China National Offshore Oil Corp (Cnooc), China’s biggest offshore oil producer, late on Wednesday commenced its first unaided deepwater exploration in the South China Sea. Cnooc’s independent dee...
Unemployment figures for March within the 17 nations of the eurozone rose by 169,000 or at a rate of 10.9 percent, the highest level since the euro launch, said statistics agency Eurostat. The worse n...
It’s with great pleasure that World Finance announces the opening of voting of the 2013 Legal Awards. Now in its sixth year, the World Finance Legal Awards are fast becoming the global benchmark for...
Tough austerity measures and harsh labour reforms are hurting employment markets globally, according to the International Labour Organisation (ILO). Unemployment figures are forecast to increase at a ...
Standard & Poor’s late on Thursday cut Spain’s sovereign credit rating by two notches due to “a challenging fiscal outlook” for the nation. The ratings agency downgraded the country from ...
South Korea’s GDP grew 2.8 percent year-on-year for the first quarter 2012, slipping to its weakest level in two and a half years, according to figures published by the central bank on Thursday. The...
Europe’s largest oil company, Royal Dutch Shell, on Tuesday said it has come to an agreement to buy Mozambique-focused Cove Energy for £1.12bn, according to a company statement. Shell secured the d...
Dutch finance minister Jan Kees de Jager cut short US-based IMF austerity talks to return home after the governing coalition in The Hague failed to reach an agreement on deficit limits which were impo...