News

Outrage over Diamond promotion
Barclays? promotion of one of the world?s best-paid investment bankers, coupled with the resignation of Stephen Green as HSBC executive chairman, stokes political row about whether big banks should be
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BP set to reveal findings of oil rig probe
BP will give its first full account of the causes of the Deepwater Horizon disaster, and is expected to say that there were failures committed by BP but also by other companies involved in drilling th
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Vodafone loses landmark India tax case
Bombay High Court?s decision to tax Vodafone for the 2007 acquisition of Hutchison Essar could hurt cross-border dealmaking in India
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Eurozone worries linger over markets
European shares are lower, tacking losses on Asia and Wall Street amid renewed concerns about Europe?s banking sector while the stronger yen continues to hammer Japanese exporters
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Halifax index points to flagging housing market
House prices rose for the second month in a row in August, after three months of declines, but prices have been largely static since the beginning of the year, according to a leading housing market in
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UK manufacturing output steady
UK manufacturing grew at a steady pace in July maintaining its recovery from the deep decline it suffered during the recession, but there are fears that a slowdown is set to hit the sector imminently
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Foster?s rejects A$2.7bn bid for wine unit
Foster?s has rejected an unsolicited A$2.7bn cash offer for its wine business from an international buy-out group, saying the proposal ?significantly? undervalues the unit
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Sinochem in talks with Temasek on Potash bid
The state-owned Chinese group has asked Singapore?s state investment agency to join a consortium to mount a counterbid to BHP?s $39bn offer for Canada?s PotashCorp, but Temasek has made no decision
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Terra Firma and Citi trade blows over EMI
Private equity group trades verbal blows with US lender after mediation talks collapse, setting the stage for an acrimonious battle over who is to blame for the $6.1bn takeover of music group EMI
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HP sues to block Hurd?s move to Oracle
Hewlett-Packard has sued to block Mark Hurd, its former chief executive, from taking up a senior role at Oracle, adding a twist to a saga that has transfixed Silicon Valley
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