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Saudi Arabian stock market to open to foreign investors

Jul 22, 2014 at 20:22 | Source: BBC

Saudi Arabia's stock market will open up to foreign investors for the first time, the country has announced. The move, which should happen in the first half of 2015, sparked a 3% rise in the Tadawul index in early trading. The Saudi market is th...

Guarding against missile attacks: Why MH17 incident is scarily off-script

Jul 18, 2014 at 22:51 | Source: FirstPost

We do not know yet who shot down MH17 over Ukraine. Ukraines government want to blame Russia-supporting rebels. Russias Vladmir Putin says Ukraines military campaign is to blame.US Vice President Joe Biden says Ukraine has accepted the offer of U.S. ...

Why MH17 incident is so scary: How do you guard against missile attacks?

Jul 18, 2014 at 17:23 | Source: FirstPost

We do not know yet who shot down MH17 over Ukraine. Ukraines government want to blame Russia-supporting rebels. Russias Vladmir Putin says Ukraines military campaign is to blame.US Vice President Joe Biden says Ukraine has accepted the offer of U.S. ...

Why MH17 is so scary: How do you guard against missile attacks?

Jul 18, 2014 at 16:20 | Source: FirstPost

We do not know yet who shot down MH17 over Ukraine. Ukraines government want to blame Russia-supporting rebels. Russias Vladmir Putin says Ukraines military campaign is to blame.US Vice President Joe Biden says Ukraine has accepted the offer of U.S. ...

Pfizer drops AstraZeneca takeover bid

May 26, 2014 at 23:12 | Source: BBC

US drugs giant Pfizer has withdrawn its £55 a share, £69bn takeover bid for UK pharmaceutical firm AstraZeneca. It said: Following the AstraZeneca board's rejection of the proposal, Pfizer announces that it does not intend to make an offer. As...

AstraZeneca shareholder urges new talks with Pfizer

May 21, 2014 at 04:02 | Source: BBC

Fund manager Schroders wants AstraZeneca to recommence engagement with Pfizer, after the UK drug maker rejected a takeover by its US rival. UK-based Schroders is the twelfth largest shareholder in AstraZeneca, with a 2% holding. On Monday, AstraZenec...

FTSE 100 climbs after strong housing, PMI data

May 01, 2014 at 20:47 | Source: Market Watch

LONDON (MarketWatch) — The U.K.’s FTSE 100 index advanced on Thursday after solid manufacturing and housing data, while well-received earnings reports from Lloyds Banking Group and BSkyB also helped spur an upbeat trading mood. The benchmark ind...

Owners of prime property in London confirm sale to Lodha Group

Feb 20, 2014 at 01:31 | Source: Economic Times

LONDON: Owners of a prime residential site in the heart of London have confirmed its sale to Mumbai's Lodha Group. The West End of London Property Unit Trust ( WELPUT) has sold New Court on Carey Street in central London to the Mumbai firm, its seco...

Flybe outlines base closures as part of job cuts plan

Nov 16, 2013 at 02:47 | Source: BBC

Flybe, the Exeter-based airline, is proposing to close six bases as part of its cost-cutting plan. Bases at Aberdeen, Guernsey, Inverness, Isle of Man, Jersey and Newcastle are due to close as the airline looks to save £85m over the next few years. ...

Pound weighs on FTSE 100 after ECB surprise

Nov 08, 2013 at 00:17 | Source: Market Watch

LONDON (MarketWatch) — Most U.K. stocks declined on Thursday as a stronger pound weighed on the investment mood in London after the European Central Bank unexpectedly cut interest rates. The FTSE 100 index (FTI:UK:UKX)  dropped 0.7% to close at 6...

Schroder Sees Rajan Steps Ending Record India Fund Exit

Oct 30, 2013 at 14:00 | Source: Business Week

Raghuram Rajan, governor of the Reserve Bank of India (RBI), is “a wonderful selection for the central bank,” John Morton, Boston-based head of emerging markets at Fischer Francis, a unit of BNP Paribas Investment Partners that manages about $54 ...

Schroder Sees Rajan Steps Ending Record Fund Exit: India Credit

Oct 30, 2013 at 10:00 | Source: Bloomberg

Reserve Bank of India Governor Raghuram Rajan's twin-pronged action to curb inflation and support economic growth is regaining the confidence of global investors after an unprecedented capital flight. Schroder Investment Management says inves...

Schroder Sees Rajan Steps Ending Record Fund Exit: India Credit

Oct 30, 2013 at 10:00 | Source: Business Week

Raghuram Rajan, governor of the Reserve Bank of India (RBI), is “a wonderful selection for the central bank,” John Morton, Boston-based head of emerging markets at Fischer Francis, a unit of BNP Paribas Investment Partners that manages about $54 ...

Europe stocks rise on U.S. budget deal progress

Oct 15, 2013 at 19:47 | Source: Market Watch

LONDON (MarketWatch) — European stock markets moved firmly higher on Tuesday as the U.S. fiscal standoff took a new turn with a bill proposal from Republican lawmakers and as Germany’s DAX 30 index flirted with an all-time high after upbeat data...

Stay away from easy money: Late Fed tapering could be a disaster for India

Oct 14, 2013 at 09:14 | Source: FirstPost

Emerging nations heaved a sigh of relief when the Federal Reserve last month decided not to reduce its monetary stimulus.By postponing the inevitable, the US central bank took pressure off emerging markets to implement reforms that could make them mo...

Dollar holds gains as Fed minutes point to taper

Oct 10, 2013 at 05:27 | Source: Market Watch

NEW YORK (MarketWatch) — The U.S. dollar gained ground versus major rivals Wednesday after the minutes of the September Federal Reserve meeting showed most members of the central bank’s policy panel still hoped to begin scaling back the flow of ...

Axis Mutual Fund hopes to make profit this fiscal

Sep 29, 2013 at 12:57 | Source: Economic Times

MUMBAI: Axis Mutual Fund, the fund house promoted by private sector lender Axis Bank, is hopeful of making profit this financial year, a top company official has said. "We were close to break even point last financial year. We are hopeful of being pr...

Is Angela Merkel too boring for Germany?

Sep 16, 2013 at 14:17 | Source: Economic Times

MUNICH: It is election season in Germany, and Angela Merkel, the chancellor, is living through her worst nightmare. The allegedly most powerful female politician on the planet hates campaign politics. Merkel should be confident and upbeat. She has ma...

Bunge to sell entire stake in Moroccan fertilizer JV to OCP Group

Sep 06, 2013 at 15:17 | Source: DomainB

US agriculture and food conglomerate Bunge Ltd yesterday agreed to sell its stake in Moroccan fertilizer company Bunge Maroc Phosphore S.A. to its joint venture partner OCP Group, for an undisclosed sum. Bunge, which holds a 50-per cent stake in Bun...

FTSE 100 drops after BOE minutes

Aug 14, 2013 at 23:32 | Source: Market Watch

LONDON (MarketWatch) — U.K. stocks dropped on Wednesday, after minutes from the August Bank of England meeting showed one out of nine members voted against adopting forward guidance on policy, interpreted as a hawkish release by investors. Meanwhi...

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