World markets slumped Tuesday, with the Nikkei ending at a 16-month low, as the yen remained strong despite efforts by the Bank of Japan to keep a lid on the Japanese currency’s rise.
India will delay banning BlackBerry services pending a 60-day security test, the country’s home affairs department said Monday.
French pharmaceutical firm Sanofi-Aventis is stepping up the pressure on U.S. biotech firm Genzyme, going public with an $18.5 billion cash offer and hinting it may consider a hostile takeover if Genzyme refuses to talk.
The Bank of Japan eased its monetary policy at an emergency meeting Monday morning, in an effort to curb the yen’s strength and lift the country’s struggling economy — though the move was not enough to satisfy investors.
Toyota Motor Corp. said it was recalling 1.33 million Corolla and Corolla Matrix vehicles on Thursday, citing problems in engines’ electronic control units that have allegedly led to three accidents.
A new law requiring oil companies to disclose all payments made to governments has sparked a sharp debate, with Big Oil saying it will put it at a big competitive disadvantage.
Ford Motor Co. announced on Thursday that it will ramp up its presence in the fast-growing Asian and African markets.
Toyota said Tuesday it will begin selling a noise-making device for its popular Prius hybrids in Japan that is designed to alert pedestrians when the quiet, gasoline-electric vehicle is approaching.
The Japanese yen surged to a fresh 15-year high against the U.S. dollar Tuesday, as the Japanese government signaled it would not take steps to curb the currency’s strength amid growing concerns about the pace of the recovery.
The board of directors of Canadian fertilizer manufacturer PotashCorp. told its shareholders Monday to reject a $38.6 billion hostile takeover bid from Australian mining company BHP Billiton, saying it’s in talks with other parties about „superior offers.”
It’s been a dismal week for the economy all around, with an abundance of gloomy data pummeling recovery hopes. The oil market felt the brunt of the blows.
There’s a debate brewing in the world of do-gooder banking, pitting the father of microfinance Muhammad Yunus against a few entrepreneurs who have put an unlikely spin on Yunus’ model of lending to the poor.
Demographics in the U.S., with a smaller proportion of older people than Japan, could prevent a Lost Decade.
Struggling under mounting congestion problems and facing an explosion in automobile sales, China may build a novel bus-train hybrid people-mover that rolls over cars.
Now that Japan has been knocked out by China as the world’s second-biggest economy, the next question is: When will it dominate the U.S.? The Asian powerhouse could unseat the U.S. from the top spot as early as 2030, experts say, reconfirming China’s growing influence on economies in every corner of the globe.
On Monday, Alcon, the world’s largest eyecare company, held a emergency board meeting in a cramped conference room at a non-descript business center in Zug, Switzerland. Only four or five reporters attended, and ten of the fifteen chairs reserved for shareholders sat vacant. The conclave lasted just 45 minutes.
Jeans giant Levi Strauss & Co. launched a new brand of denim today aimed at conquering the fast-growing Asian consumer market.
Mining giant BHP Billiton said Wednesday that it would take its $38.6 billion cash offer for Potash Corp. directly to the shareholders, a day after the world’s largest fertilizer producer rejected unsolicited takeover bid.
Potash Corporation, the world’s largest fertilizer producer, said Tuesday it has received and rejected a $38.56 billion unsolicited takeover bid from BHP Billiton, calling the mining giant’s offer „grossly inadequate.”
Legally, of course, companies can’t bribe anyone to do anything, whether the kickback is taking place on domestic or international grounds. But the act that guides the Department of Justice’s international jurisdiction — called the Foreign Corrupt Practices Act (FCPA) — specifically prohibits bribery to officials of foreign governments to procure business.
Pactiv Corp.’s stock jumped 5% Tuesday after the maker of Hefty trash and sandwich bags said Reynolds Group Holding would acquire it for $6 billion.
China is on track to overtake Japan as the world’s second-largest economy after the United States, figures released Monday show.
Shares of MakeMyTrip Ltd. soared 89% on Thursday as the Indian travel agency made its debut on the U.S. market, in another sign of strength for online travel booking services.
Shares of MakeMyTrip Ltd. soared 75% on Thursday as the Indian travel agency made its debut on the U.S. market, in another sign of strength for online travel booking services.