Archives
Starbucks buys Japanese partner
September 24th, 2014
US coffee chain Starbucks is buying out its Japanese partner in a deal worth $914m (£559m). Starbucks Japan has been a joint venture between Starbucks and Sazaby League since 1995. Under the deal Starbucks will buy the 60.5% stake of ...
Bitcoin on PayPal
September 24th, 2014
PayPal announced a monumental partnership that will likely play a large part in the adoption of bitcoin throughout the world. The company has partnered with BitPay, Coinbase, and GoCoin to provide bitcoin support to the millions of PayPal users. ...
Japan PMI shows manufacturing picked up in third-quarter
September 24th, 2014
Japan’s manufacturing activity picked up in the third quarter, a survey showed, but economists say they need more information on wages and consumer spending to determine whether the government should raise the sales tax again next year. An improving ...
French court charges UBS with €1.1 bn over tax fraud
September 23rd, 2014
A 1.1-billion-euro payment was imposed to Swiss Bank UBS by a French court by a French court, for allegedly helping rich French clients to hide money in Switzerland. The bank made an appeal in July after charges of tax ...
Tesco in turnoil after profits overstatement
September 23rd, 2014
Tesco, Britain’s biggest retailer and one of its great corporate success stories of the last decade, has been thrown into turmoil after disclosing that it had overstated its first-half profit by £250m. Four senior executives were suspended and shares ...
China to invest $20 billion in India despite territorial dispute
September 23rd, 2014
The leader of the People’s Republic of China Xi Jinping arrived on a visit to India, where he had a meeting with Prime Minister Narendra Modi. During the talks, Modi expressed concerns that the trade imbalance between China and ...
Germany’s Merck To Buy Sigma-Aldrich For $17 Bn
September 23rd, 2014
Drugs and chemicals maker Merck KGaA agreed on Monday (22 September) to acquire US company Sigma-Aldrich for $17 billion in cash to boost its lab supplies business, the biggest takeover in the German group’s history. The deal helps Merck, ...
African countries to Issue more than $1 billion in climate change bonds
September 23rd, 2014
The bonds – planned to be issued in 2016 – will provide additional financing to participating countries to enhance their climate adaptation investments, in the event that weather shocks such as extreme heat, droughts, floods or cyclones increase in ...
Mario Draghi: ECB should Become More Active
September 23rd, 2014
Mario Draghi says he won’t sit back and wait for stimulus to reach the economy. The European Central Bank president said a planned asset-purchase program shows that policy makers will steer the size of the institution’s balance sheet to ...
Corporate law clients prefer in-house work
September 23rd, 2014
It is hard times for Big Law which is the business of providing legal services via independent professional partnerships. The examples of well-known brands such as Patton Boggs of surviving on their own or the collapse of partnerships such ...
