Archive for July 18th, 2012

Foreign Exchange

Thomson Reuters launches tender offer for FX Alliance

US business information provider Thomson Reuters Corp (NYSE:TRI;TSE:TRI) launched on Wednesday its $22.00 (€18.00) a share tender offer to buy FX Alliance Inc (NYSE:FX), or FXall, a provider of electronic foreign exchange trading solutions to corporations and asset managers. The …

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Unemployment figures still high

The unemployment rate in the UK drops to 8.1%

The number of people out of work across the UK went down in the three months to May, official figures showed today. According to the Office for National Statistics

Financial Markets

Kepler in exclusive talks to acquire Credit Agricole Cheuvreux

The corporate and investment banking unit of French lender Credit Agricole SA (EPA:ACA) has entered into exclusive talks to sell its Credit Agricole Cheuvreux (CA Cheuvreux) subsidiary to

UK infrastructure

UK government announces £50bn scheme to support infrastructure projects and exports

A new initiative to guarantee infrastructure projects was launched today by the UK government as part of efforts to revive the economy. Under the UK Guarantees scheme the government

tablet

Dropbox acquires tablet advertising firm TapEngage

US file hosting service company Dropbox Inc had acquired tablets advertisement specialist TapEngage for an undisclosed sum, the latter said in a blog post. Sean Lynch and Matt Holden,

Seoul, South Korea

South Korean banks investigated for interest rate manipulation

South Korea's financial regulator has launched an investigation into possible interest rate manipulation by four of the country's banks, according to a BBC report.

The banks

PayPal is part of San Jose-based eBay

PayPal agrees to acquire payments start-up card.io

US e-commerce specialist PayPal, a subsidiary of eBay Inc (NASDAQ:EBAY), said in a blog post it had taken over local mobile payments startup card.io for an undisclosed sum. The

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