Trillion dollar IT trade deal on a knife-edge at the WTO

A trillion dollar deal at the World Trade Organization to reduce tariffs in the vast information technology sector will stand or fall in the next 24 hours, trade diplomats said on Thursday.


Fiat Chrysler prices share offering at $11 each

Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) said it had priced an offering of 87 million common shares at $11.00 each as the carmaker seeks funds to cut debt and pay for an ambitious investment plan.

Alibaba-backed China mobile app Momo says CEO to fight misconduct allegations

Chinese mobile chat app firm Momo Inc, backed by Alibaba Group Holding Ltd, said its CEO will fight allegations of misconduct and corruption made by his former employer, as it prepares to debut on Nasdaq.

New Luxembourg leaks reveal Disney, Koch Industries tax deals

Tax deals that entertainment firm Walt Disney Co, commodities group Koch Industries and others agreed with the Luxembourg authorities were revealed on Tuesday by the International Consortium of Investigative Journalists (ICIJ).


Latest News

New Scotland Yard, the headquarters of London's storied police force and one of the British capital's most famous landmarks, has been sold to an Abu Dhabi investor, paving the way for its macabre but private museum to open to the public elsewhere.
Belden Inc, a maker of networking and cable products, said it will buy Tripwire, a Portland-based cybersecurity firm, for $710 million. Belden said the transaction will add 65 cents per share to adjusted income from continuing operations in 2015.
Sumitomo Mitsui Financial Group Inc (8316.T) will announce as soon as next week that it will buy Citigroup Inc's (C.N) Japanese consumer banking business, Bloomberg reported, citing people with knowledge of the matter.
Merck & Co Inc (MRK.N) said it would buy Cubist Pharmaceuticals Inc (CBST.O) for $8.4 billion plus assumption of debt, giving the major drugmaker an entry into the market for drugs that combat so-called superbugs.
Australia is experiencing a record-shattering boom in technology listings as start-ups starved of venture capital funding pursue backdoor listings, a trend that has regulators concerned companies are trying to take short cuts to get to market.
Singapore state investor Temasek Holdings has agreed to buy a minority stake in Virtu Financial Inc, the New York-based electronic dealing firm said on Monday, in a bet on the growth of automated trading globally.
Kuwait Investment Authority (KIA) and Och-Ziff Capital Management Group Ltd (OZM.N) are among the group of 11 investors that have committed about $2 billion towards Dalian Wanda Commercial Properties Co Ltd's Hong Kong initial public offering (IPO), a person with direct knowledge of the matter told Reuters.
Japan's Sharp Corp (6753.T) is set to sell its U.S.-based solar energy development unit Recurrent Energy to Canadian Solar Inc (CSIQ.O) for about 30 billion yen ($247 million), the Nikkei business daily said on Sunday.
The United States is willing to help Hungary and other European countries build energy infrastructure to reduce its dependence on Russian oil and gas, U.S. Chargé d'Affaires in Budapest André Goodfriend has told Nepszava newspaper.
A contract won by Lockheed Martin Corp (LMT.N) to supply Poland's air force with JASSM long-range air-to-surface missiles is worth about $250 million, the Polish defense ministry said.
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