Chinese e-commerce company Alibaba Group is seeking to raise up to $24.3 billion in an initial public offering on the New York Stock Exchange, which would value the company at $163 billion. Those are both IPO records. Here’s a look at some of the largest global IPOs ever, based on records from data provider Dealogic. […]
Gold imports up 65% in June to $3.12 bn; exports jump 10.22%.
US authorities are examining whether BNP Paribas evaded US sanctions relating primarily to Sudan between 2002 and 2009.
Martoma, a father of three, even earned a $9.3 million bonus for himself due to his various trades for SAC.
Economic slowdown in EMs has impacted global export growth and recovery in advanced economies.
The comments add to warnings by private sector analysts that China’s run-up in debt, especially since the 2008 global crisis, could lead to financial problems.
General Motors has recalled more than 15 mn vehicles so far this year.
S&P rose above 1,900 for the first time, extending its year-to-date rise to 2.7 percent.
China and India both already have some of the largest populations based abroad.
Warren Buffett was likening BNSF's foresight to the biblical figure Noah and his vessel.
FBI agents are also reviewing Herbalife documents obtained from former distributors, two other sources familiar with the matter said.
China should not doubt the US commitment to defend its Asian allies, says US official.
The field is one of several that form the backbone of Iraq’s plans to revive its oil sector and lift the economy after decades of sanctions.
A cover story claiming it had uncovered "the face behind bitcoin,'' the world's most popular digital currency. It got plenty of attention, all right.
Initial claims returned to a more normal level, consistent with healthy labor market conditions, said Yelena Shulyatyeva.
MSCI’s world equity index, which tracks shares in 45 countries, was up 0.6 per cent, and the MSCI emerging market index rose 1.2 per cent.
Nisha said bilateral trade has the potential to grow to $10 billion from $2.5 billion, as recorded in 2013.
Japan’s finance ministry is studying possible rules that could govern transactions using the digital currency.
Escalation in tensions in the Ukrainian region of Crimea rocked European markets Thursday before a calm open on Wall Street helped ease the nerves.
The bidi product from the Indian company can no longer imported into the United States.
Facebook will acquire mobile messaging company WhatsApp for 19 billion dollars in a cash and stock deal.
Indians top the list of Dubai's most active property buyers.
Economists say the Fed will likely discount the reports and continue with measured reductions in its monetary stimulus.
Western sanctions put in place in 2012 over Iran’s disputed nuclear program have choked oil exports to around 1 million barrels per day.
Shanghai,Hong Kong and Kuala Lumpur are the only Asian cities to figure in the rankings.
'I had a migraine the whole last week when I was trying to assess this.'
Services accounted for about 45 per cent of the economy in 2012 and is the biggest employer in China.
Merck seeks to cut costs by USD 2.5 billion by the end of 2015.
US in shutdown mode as Barack Obama and Republicans trade charges; tourists to be affected too.
The government is looking to protect environmental standards with this move.
'The new employment conditions were not a 'Hire Singaporeans first' policy.'
In those fallen currencies,policymakers are seeing the seeds of their salvation.
Credit markets bounced in positive reaction to first statements of Raghuram Rajan,pushing financial markets higher.
The rupiah was the second worst-performing Asian currency with a 11.8 percent loss against the US dollar.
Volatility will benefit countries with better balance sheets and low currency vulnerability.
China's industrial profits grew 12.1 per cent in the first quarter this year from a year ago.