Yahoo ekes out third quarter revenue gain despite display ad weakness

Yahoo Inc reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company's online display advertising business continued to struggle.

Europe

Lufthansa close to deal with IBM for IT infrastructure unit

German airline Lufthansa (LHAG.DE) is close to a deal to sell its IT infrastructure unit to IBM (IBM.N), including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.

Africa

Egypt signs with six international firms to dredge new Suez Canal

Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's program to revive an economy battered by years of political turmoil.

Hungary plans to impose new tax on Internet traffic

Hungary's government plans to levy a new tax on Internet data transfers, according to the draft 2015 tax bill submitted to parliament late on Tuesday, which could hit Internet providers and the country's telecommunications companies.

Japan's power failure: Bid to forge national grid stumbles

After the Fukushima disaster crippled Japan's nuclear energy sector three years ago, the government pledged the biggest shake up in the history of the fragmented electricity industry to boost competition and contain a surge in power prices.

Investors seek delay to HK-Shanghai stock tie-up

Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator to delay a landmark China stock trading link that could generate billions of dollars of trade a day due to uncertainty over the scheme rules, according to a letter seen by Reuters.

EU's Juncker pledges investment plan for jobs

The incoming head of the EU executive, Jean-Claude Juncker, told the European Parliament on Wednesday that he would present his 300-billion-euro plan for investment to bolster growth and jobs by the end of this year.

Standard Life, ICBC to broaden cooperation in China, UK, Hong Kong

British insurer Standard Life (SL.L) and Industrial and Commercial Bank of China (ICBC) (601398.SS) said on Wednesday they had agreed to look at developing savings and investment services together.

Upbeat earnings, hopes of more ECB stimulus lift mood in Europe

European shares edged up and the euro hit a one-week low against the dollar on Wednesday, driven by upbeat company earnings results and hopes of corporate bond buying by the European Central Bank.

Philippine Airlines majority owner Tan seeks to buy out minorities at huge discount

Philippine Airlines (PAL) majority owner Lucio Tan is offering to buy out minority shareholders in PAL Holdings Inc (PAL.PS), the carrier's parent company, at 1.19 pesos per share, less than a quarter of the stock's current market price, regulatory filings showed.

QE2 Acquisition Corp. Announces Closing of Qualifying Transaction

QE2 Acquisition Corp. (formerly Crowsnest Acquisition Corp.) (the "Corporation") (TSX VENTURE:CAW.P), is pleased to announce that further to its news releases dated February 28, 2014, April 16, 2014, July 21, 2014, September 4, 2014 and October 7, 2014 that it has closed its Qualifying Transaction (as such term is defined in the policies of the TSXV) and subject to receiving final TSX Venture Exchange ("TSXV")

U.S. risks trade sanctions in WTO meat label dispute

The United States faces potential trade sanctions from Canada and Mexico after the World Trade Organization ruled on Monday it had failed to bring its meat labeling regulations fully in line with international fair trading rules.

India's Aditya Birla bids for Lafarge-Holcim assets: sources

India's diversified Aditya Birla Group has submitted a bid for the Brazilian and the Philippine assets of cement industry leaders Lafarge (LAFP.PA) and Holcim (HOLN.VX), two persons directly involved in the transaction said.

No Russia-Ukraine gas deal at EU talks; Moscow queries finances

Russia and Ukraine failed to reach an accord on gas supplies for the coming winter in EU-brokered talks on Tuesday but agreed to meet again in Brussels in a week in the hope of ironing out problems over Kiev's ability to pay.

U.S. to scrap trade deal on Russian steel duties

The U.S. Department of Commerce will terminate a 15-year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities.

Apple seen riding higher on strong iPhone demand, iPad rebound

Strong global demand for Apple Inc's (AAPL.O) iPhone 6 will drive revenue growth through 2015, while updated models should help reverse three straight quarters of declining iPad sales, analysts said.

Global shares rally on U.S. tech earnings, ECB purchase plans

A measure of global equity markets advanced on Tuesday as technology earnings lifted U.S. shares and the prospect of European Central Bank corporate bond purchases boosted European stocks, while weighing on safe-haven U.S. Treasuries prices.

U.S. existing home sales at one-year high, prices up

U.S. home resales raced to a one-year high in September, the latest indication the housing market recovery is gradually getting back on track.

Broadcom third-quarter results beat views, stock jumps

Broadcom (BRCM.O) posted third-quarter results on Tuesday that exceeded Wall Street's expectations as the chipmaker focused on networking and smartphone chips, sending its shares 5 percent higher.

Lufthansa pilots threaten more strikes as long haul hit

Lufthansa pilots threatened to call further strikes this week after the latest stoppage in a dispute over retirement benefits grounded two-thirds of its flights on Tuesday.

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics