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  • Tsipras Declares Victory as Greece Dodges Financial Collapse

    Tsipras Declares Victory as Greece Dodges Financial Collapse

    Mr Tsipras and his Syriza party won power last month on promises to end Greece's EU/IMF bailout programme.

  • ECB's Mario Draghi Wants to Buy Bonds, But Who Will Sell?

    ECB's Mario Draghi Wants to Buy Bonds, But Who Will Sell?

    The ECB might have to pay way above market prices, or take additional measures to encourage investors to sell.

  • Under Xi Jinping, China's Defence Budget Seen Defying Slowdown

    Under Xi Jinping, China's Defence Budget Seen Defying Slowdown

    The military budget will be announced at the start of the annual meeting of China's parliament on March 5. Last year, defence spending rose 12.2 per cent to $130 billion, second only to the United States.

  • Samsung Electronics Earmarking Cash for Growth, M&A

    Samsung Electronics Earmarking Cash for Growth, M&A

    While the South Korean company's profit declined in 2014 for the first time in three years as its lead in smartphones was challenged by Apple Inc, investors were cheered by a 40 per cent dividend boost and its first share buyback since 2007.

  • Alibaba Quarterly Revenue Disappoints, Shares Fall

    Alibaba Quarterly Revenue Disappoints, Shares Fall

    Gross merchandise volume (GMV), or the sum of all Alibaba's online commerce transactions, rose 49 per cent to $127 billion. Mobile GMV continued to grow, accounting for 42 per cent of total GMV, up from 36 per cent in the September quarter.

  • Morgan Stanley Fires Employee for Stealing Rich Clients Data

    Morgan Stanley Fires Employee for Stealing Rich Clients Data

    Morgan Stanley said on Monday it had fired a financial adviser who allegedly stole account information from about 350,000 of its wealth management clients and posted some of it online.

  • Accenture Raises Full-Year Revenue Forecast After Strong First-Quarter

    Accenture Raises Full-Year Revenue Forecast After Strong First-Quarter

    The company said it expects revenue growth of 5-8 per cent for the year ending August on a local currency basis, up from the 4-7 per cent growth it had estimated earlier.

  • Alcatel Lucent, Nokia Networks in Merger Talks: Report

    Alcatel Lucent, Nokia Networks in Merger Talks: Report

    The two companies could merge or agree close cooperation, the magazine said, adding that talks had resumed in the European autumn.

  • Honda Executives Take Pay Cut After 5th Fit Hybrid Recall

    Honda Executives Take Pay Cut After 5th Fit Hybrid Recall

    Honda said the latest recall was over two noise-related defects in the Fit and Vezel hybrids as well as some gasoline-engine Fit and N-WGN models. The automaker will also recall 251 cars overseas for the same glitch.

  • Apple's iPhone Sales Beat Street but iPad Volumes Slide

    Apple's iPhone Sales Beat Street but iPad Volumes Slide

    The new iPhone, which comes in larger sizes and a heftier price tag, marks Apple's best product launch on record. That helped push overall smartphone sales to 39.27 million in the September quarter, beating the roughly 38 million some on Wall Street had anticipated.

  • Citi Pulls Out of Consumer Banking in 11 Countries, Profit Jumps

    Citi Pulls Out of Consumer Banking in 11 Countries, Profit Jumps

    The third-largest US bank, built with a series of acquisitions spanning back to the 1980s, has been trying to slim down since the financial crisis to be as profitable as rivals. It has shed hundreds of billions of dollars of bad assets.

  • London Beats New York as Most Popular Destination for Workers: Survey

    London Beats New York as Most Popular Destination for Workers: Survey

    The study by The Boston Consulting Group and totaljobs.com found respondents from 189 countries ranked London above New York and Paris, while Britain was second behind the United States as the most appealing country for international jobseekers.

  • Bill Gross Told Rival Gundlach: 'I am Kobe, You are LeBron'

    Bill Gross Told Rival Gundlach: 'I am Kobe, You are LeBron'

    Gross' position at Pimco had grown precarious in the months since El-Erian left. The firm's flagship fund, the Pimco Total Return Fund, run by Gross personally, was underperforming and bleeding assets through redemptions.

  • Hewlett-Packard Plans to Split into Two Companies: Report

    Hewlett-Packard Plans to Split into Two Companies: Report

    Many investors and analysts have called for a break-up of the company, or a sale of the personal computer business, so that HP could focus on the more profitable operations of providing computer servers, networking and data storage to businesses.

  • Twitter Q2 Results Soar, Stock Flies 30%

    Twitter Q2 Results Soar, Stock Flies 30%

    Stronger-than-expected results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.

  • Morgan Stanley to Raise Junior Bankers' Base Salaries by 25%: Report

    Morgan Stanley to Raise Junior Bankers' Base Salaries by 25%: Report

    Investment banks across Wall Street have tried to ease schedules of junior bankers. Institutions such as Bank of America Corp have outlined measures to ensure that analysts and associates are recommended to take a minimum of four weekend days off per month.

  • Amazon's Heavy Investing Eats into Bottom Line, Shares Drop

    Amazon's Heavy Investing Eats into Bottom Line, Shares Drop

    Amazon reported a net loss of $126 million, or 27 cents per share in the second quarter, compared to a loss of $7 million, or 2 cents a share a year earlier. Total operating expenses rose 24 per cent to $19.36 billion.

  • China's Alibaba Stalks Banks With Investment Product

    China's Alibaba Stalks Banks With Investment Product

    As Chinese e-commerce giant Alibaba expands beyond online retail, it is shaking up staid state banks -- and drawing regulators' attentions -- after 100 million customers poured more than $90 billion into its investment product.

  • HTC's Profit Surge; Slightly Beats Forecasts

    HTC's Profit Surge; Slightly Beats Forecasts

    Shares of HTC ended up 0.4 per cent ahead of the earnings release, in line with a rise in the benchmark index.

  • Vodafone Agrees Italian Deal to Tap into Car Industry

    Vodafone Agrees Italian Deal to Tap into Car Industry

    Vodafone said it would offer 1.49 euros a share to buy out the shareholders in the Italian group. Cobra's majority shareholder Intek Group said in a statement it had agreed to tender its 51.4 per cent stake in Cobra for 74.3 million euros.

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