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Briefly Business: BoE offers £75 billion stimulus to UK economy

BoE offers £75 billion stimulus to UK economy

BoE offers £75 billion stimulus to UK economy

London: The Bank of England has launched a second round of quantitative easing to defend Britain’s faltering economy against the euro zone debt crisis,pledging to buy £75 billion of assets with new money in a dramatic move to stave off recession.

Microsoft Corp considers bidding for Yahoo: report

New York: Microsoft Corp is considering a bid for Yahoo Inc,resurfacing as a potential buyer after a bitter and unsuccessful fight to take over the Internet company in 2008,sources close to the situation said.

CCI clears R100 crore Aica Kogyo takeover

New Delhi: Competition watchdog CCI has cleared the proposed takeover of laminates division of the Wadia Group firm Bombay Burmah Trading Co by Japan-based Aica Kogyo for an estimated Rs 100 crore.

Fitch reaffirms rating on Exim Bank’s long-term IDR

New Delhi: Ratings agency Fitch has affirmed Export-Import Bank of India’s long-term Issuer Default Rating,with a stable outlook,on the back of the bank’s good financial condition.

BBC slashing 2,000 jobs amid budget cuts

London: BBC said on Thursday it is to cut around 2,000 jobs as the publicly-funded broadcaster makes savings as part of government efforts to reduce a record deficit.

BMW to launch under-1,000cc bikes by Jan

Mumbai: BMW,which entered the domestic market early this year with as many as six models in the two-wheeler segment,plans to launch under-1,000cc bikes by January.

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