GE Capital partly exits Thailand’s Bank of Ayudhya in $466m deal
GE Capital, a unit of US technology and financial services group General Electric Co (NYSE:GE), said on Wednesday it had disposed of 7.6% in Bank of Ayudhya Pcl (PINK:BKAYY) in…
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Shares in toy maker Hornby sharply down after profit warning
Toy maker Hornby plc (LSE:HRN) saw its shares fall more than 40% today after announcing that the company will not make a profit this year. Hornby has blamed disappointing sales…
City of London opposes tighter regulation of high-frequency trading
European politicians drafting tough new curbs on the controversial trading practice high frequency trading (HFT) have faced stiff resistance from the industry – especially the City of London. The European…
China Construction Bank seeks acquisitions in Europe — report
Chinese lender China Construction Bank Corp (SHA:601939), or CCB, is interested in buying a European bank, or a minimum of 30% to 50% in one and has CNY100bn (USD15.8bn/EUR12.01bn) of…
Germany looks into planned merger of European defence giants EADS and BAE
The German government is currently looking into the details of the planned tie-up of European aerospace and defence group EADS NV (EPA:EAD) and British defence contractor BAE Systems Plc (LON:BA)…
Swiss banks expect exodus as foreign tax authorities demand increased transparency
Swiss banks are expected to lose billions of francs in deposits and assets as cash-strapped European governments, struggling to balance their budgets, are applying pressure on Switzerland to introduce tighter…
Broadcast technology firm Timewave rejects offer from Mayfair Capital
UK Timeweave Plc (LON:TMW), a provider of broadcast services to the bookmaking industry, rejected on Friday the GBP0.22 (USD0.36/EUR0.27) a share takeover offer from British investor Joe Lewis' company Mayfair…
Search giant Google continues acquisition spree with VirusTotal deal
US-based online antivirus service provider VirusTotal has been taken over by technology major Google Inc (NASDAQ:GOOG), the target company said in its official blog without providing financial details. VirusTotal said…
OECD lowers forecast for UK economy in 2012
The Organisation for Economic Co-operation and Development (OECD) has said that it expects the UK economy to contract by 0.7% in 2012. This is a significant decrease from the OECD’s…
Amazon to compete with Groupon by launching daily deal site in London
E-commerce giant Amazon is on a quest to conquer new territories by launching a daily deals site, designed to operate for London initially, it has emerged. The new site will…
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