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Although, Nasdaq has extended deadline for its 31% stake sale in the London Stock Exchange, market rumors are asserting that LSE is supporting the Qatari Investment Authority’s bid to end the unwanted ruckus, likely in the coming time....
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For IMF head, there are two candidates to replace Mr Rodrigo Rato who has resigned for personal reasons, France’s former Economy minister Dominique Strauss-Khan and the former president of the Czech Central Bank Josef Tosovsky.
Dominique...
US Home loan crises have inundates many central banks profit, so how mortgage finance companies can escape from it.
Freddie Mac, the second-biggest U.S. mortgage finance company, second-quarter profit fell 45%. Company’s net income dipped to...
Dell’s second quarter profit jumped 46%, on stronger sales of enterprise products and services, improved average selling prices and favorable component costs.
In the quarter, computer maker earned $733m, or 32 cents per share, compared to...
Australian hedge-fund manager Basis Capital Funds Management Ltd. sought bankruptcy protection for its Yield Alpha Fund after it suffered big losses due to the U.S. subprime-mortgage crisis.
The fund sought Chapter 15 bankruptcy protection in U.S....
BAA, the main operator of Britain’s airports, is planning to cut about 2,000 jobs and aiming to sell one or more of its seven UK airports.
The firm, which was bought by Spanish firm Ferrovial last year, to streamline the services, company...
Barclays’ chances for the ABN Amro seem to dwindle after slump in the UK firm’s share price wiping billions off its bid.
Volatility in the market, due to the subprime crises sent Barclays’ shares down about 16% since it proposed...
NBC Universal agreed to buy Sparrowhawk Media, which owns the channels, from the private equity firms 3i and Providence Equity Partners.
With the acquisition NBC Universal will double the size of its cable operations outside the United States....
Stock markets are again under the US subprime’s vicious gloom as credit crunch creates panic among the investors.
Beset by credit crisis in the global financial markets and tumbling house prices across the country are affecting the stock...
Kazakh national oil company KazMunaiGaz bought 75% stake in Romanian oil firm Rompetrol for $2.7bn but requires final approval from the European Union.
The deal will double KazMunaiGaz’s refining capacity and give it a total of 630 gasoline...
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