Desperate in Davos: policymakers struggle for answers
January 25, 2016 by admin · Leave a Comment
By Noah Barkin DAVOS, Switzerland (Reuters) – Angela Merkel was missing from Davos this year, but the German leader's optimistic mantra “we can do this” echoed through the snowy resort in the Swiss Alps. Beneath the veneer of can-do optimism at the World Economic Forum, however, was a creeping concern that the politicians, diplomats and central bankers who flock each year to this gathering of the…
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Desperate in Davos: policymakers struggle for answers
Siemens to buy CD-adapco for close to $1 billion: source
January 25, 2016 by creative · Leave a Comment
Siemens AG , Europe's biggest industrial group, has agreed to buy CD-adapco, a privately held U.S. engineering software firm, for close to $1 billion in cash, according to a person familiar with the matter. Siemens's deal with CD-adapco could be announced as early
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Siemens to buy CD-adapco for close to $1 billion: source
Top Twitter executives to leave company in reshuffle: source
January 25, 2016 by admin · Leave a Comment
By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Four senior Twitter executives are leaving the media company, which is also adding a new chief marketing officer and two board members, a source said on Sunday, outlining the biggest leadership changes since Jack Dorsey returned as chief executive…
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Top Twitter executives to leave company in reshuffle: source
Crude extends gains after surge on short-covering, cold spell
January 25, 2016 by publisher · Leave a Comment
Oil prices soared 10 percent on Friday, one of the biggest daily rallies ever, as bearish traders who had taken out record short positions scrambled to close them, betting the market's long rout may finally be over. “Low crude oil prices continue to negatively impact high cost U.S. oil producers. A massive snowstorm on the U.S. East Coast helped stoke demand for oil for heating, helping
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Crude extends gains after surge on short-covering, cold spell
Toshiba to sell part of its chip operations: sources
January 23, 2016 by publisher · Leave a Comment
Japan's Toshiba Corp plans to sell part of its chip business as it aims to recover from a $1.3 billion accounting scandal, three people familiar with the matter told Reuters on Saturday. The electronics conglomerate has started accepting bids, with
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Toshiba to sell part of its chip operations: sources
IMF’s Lagarde says markets need clarity on China currency
January 23, 2016 by publisher · Leave a Comment
Financial markets need more clarity on how the Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday. Asked at a…
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IMF’s Lagarde says markets need clarity on China currency
Google to pay $185 million UK back taxes, critics want more
January 23, 2016 by creative · Leave a Comment
Google has agreed to pay 130 million pounds ($185 million) in back taxes to Britain, prompting criticism from opposition lawmakers and campaigners who said the “derisory” figure smacked of a “sweetheart deal”. Google, now part of Alphabet Inc , has been under pressure in recent years over its practice of channeling most profits from European clients through Ireland to Bermuda, where it pays no tax on them. In 2013, the …
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Google to pay $185 million UK back taxes, critics want more
VW China Chief: ‘volume isn’t everything’ in contest with GM
January 23, 2016 by publisher · Leave a Comment
Volkswagen AG's China chief said on Saturday he's optimistic in the company's outlook for this year, saying “volume isn't everything” in the competition with General Motors Co to lead the
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VW China Chief: ‘volume isn’t everything’ in contest with GM
Iran oil minister says proposed OPEC emergency meeting may hurt market
January 23, 2016 by admin · Leave a Comment
Iran's oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would hurt the crude oil market if it made no decision to shore up falling prices. Venezuela has been calling for an emergency meeting to discuss steps to prop up prices, which are at their lowest
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Iran oil minister says proposed OPEC emergency meeting may hurt market
JPMorgan raises Dimon’s pay 35 percent, but adds strings
January 21, 2016 by publisher · Leave a Comment
JPMorgan Chase & Co directors raised Chief Executive Jamie Dimon's total compensation by 35 percent to $27 million for 2015, a regulatory filing on Thursday showed. The company pegged Dimon's base salary at $1.5 million, the
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JPMorgan raises Dimon’s pay 35 percent, but adds strings