Category Archives: Finance

30Nov/15

IMF approves China’s yuan for benchmark currency basket

International Monetary Fund chief Christine Lagarde announces the Chinese Yuan will be added to the Special Drawing Rights (SDR) basket alongside the dollar, euro, pound sterling and yen.
Continue reading

27Nov/15

Britons chase Black Friday bargains

British retailers brace for a rush of shoppers on the hunt for pre-Christmas bargains on Black Friday.
Continue reading

27Nov/15

Welsh town goes “offshore” in tax protest

A small town in South Wales is registering its independent businesses as offshore companies to demonstrate how flawed they believe the British and international tax systems are – with a surprising amount of success. Joel Flynn went to Crickhowell to see how local businesses are trying to level the playing field.
Continue reading

21Nov/15

Get ready for ‘product placement plus’

REUTERS, YOUTUBE/THE LATE SHOW WITH STEPHEN COLBERT, (TWENTIETH CENTURY FOX TELEVISION) – Pepsi’s recent marketing effort on Fox’s “Empire” is the latest example of unique ways advertisers are pursuing brand exposure. Jeanne Yurman reports.
With DVRs and video streaming, consumers can increasingly shut out TV advertising.
Continue reading

20Oct/15

Deutsche’s $6bln ‘fat finger’ episode

(BVO) – It was the right client but the wrong amount.

Known as a ‘fat finger’ episode, a junior trader at Deutsche Bank wired $6 billion to a US hedge fund, according to the UK’s FT newspaper.
Continue reading

12Oct/15

Dell buys EMC for $67 billion

(BVO) – It’s the biggest tech deal ever. Dell is buying the data storage giant EMC for about $67 billion in cash and stock. It will pay a 19 percent premium.
Continue reading

12Oct/15

Copper gains on output cuts but China worries persist

Mining giant Glencore looks to sell copper mines in Australia and Chile to reduce its debt.

Continue reading

29Sep/15

Glencore shares halt slide, broker recommends going private

Shares in commodity trading firms take another tumble, driving global stocks to their lowest in more than two years, as pressure built on raw materials prices and emerging markets.
Continue reading