Imperial Tobacco Group (IMT.L) plans to buy U.S. cigarette brands including Winston and Kool for $7.1 billion as part of Reynolds American’s (RAI.N) $27.4 billion purchase of Lorillard (LO.N). ... Read More
Euro zone countries should get financial incentives if they make ambitious economic reforms, the designated candidate to become the president of the European Commission said on Tuesday. Speaking to ... Read More
British inflation unexpectedly surged to a five-month high last month and house prices continued to accelerate, prompting financial markets to increase bets on an early Bank of England rate ... Read More
Banks shouldn’t count on a fresh round of European Central Bank cash to trade sovereign debt and reap big profits, Mario Draghi said. “The convenience to use the ECB ... Read More
The UK is suffering from “myopic management” that threatens its global competitiveness, an independent commission has warned. The country will need 1m new managers by 2020, to replace those ... Read More
Microsoft Corp. (MSFT:US) is planning its biggest round of job cuts in five years, as the software maker looks to slim down and integrate Nokia Oyj’s handset unit, people ... Read More
The SANAD Fund for MSME (SANAD) signed a $10 million senior loan contract with AlexBank. This loan, SANAD’s first in Egypt, will facilitate investment and working capital loans for ... Read More
Major Chinese banks have temporarily suspended a yuan remittance service after a state broadcaster accused the country’s fourth biggest lender Bank of China (BOC) of allowing wealthy Chinese to ... Read More
Environmentalists are claiming victory over the Dan A. Hughes Co., which has been drilling for oil in an area of southwestern Florida next to a protected panther habitat near ... Read More
Industrial production in the eurozone slipped in May, according to data published on Monday, reinforcing concern that a tentative economic recovery is already stalling. Factory output fell 1.1 percent ... Read More
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