Austria’s second biggest lender announces ‘massive’ cost-cutting plan

Raiffeisen Bank International explores cost-cutting measures to raise Eur 1.8 billion. Austria's Raiffeisen Bank International (RBI) is about to bite the bullet as it launches a cost-cutting program to raise Eur 1.


Gulf Keystone to advise shareholders against voting M&G nominees

After interviews were held last week, Gulf Keystone's board of directors would advise the shareholders not to vote for the M&G nominees.

US multinationals seek refuge in business-friendly Ireland

Ireland's low corporate income tax attracts US multinationals but the country's Department of Finance claim the policy aims to bolster local economy.

SF hospital announced Asiana's 3rd fatality

According to San Francisco General Hospital, a child died due to critical injuries sustained in the Asiana accident.


Latest News

The manufacturing industry is preparing for 3D technology which analysts think will revolutionize the industry.
The Australian Competition and Consumer Commission makes a probe about a newspaper report involving Crown Ltd.
eBay launched a new application in line with 3D printing's popularity. eBay is the latest company to invest in the world's latest technology craze - 3D printing.
German DIY retail Praktiker may have filed for insolvency this week but plans to rehabilitate the company is brewing.
The local fishing industry of Taiwan prepared for the upcoming typhoon season, amidst prior controversies.
Typhoon Soulik stopped the fishing and airline activity in the island territory of Taiwan and nearby Chinese provinces.
Months after enjoying record highs, 'Abenomics' produces lackluster figures. By all indications, Japanese Prime Minister Shinzo Abe's economic policy agenda dubbed "Abenomics" seems to be coming back to earth.
TRIMET issues a binding offer to purchase two companies owned by Rio Tinto Alcan. German aluminum producer TRIMET is interested to purchase St. Jean-de-Maurienne aluminum smelter and Castelsarrasin casting facility in France, which are both owned by Rio Tinto Alcan.
The United States and China confirmed they are negotiating again over a proposed investment treaty. After several snags, both Washington and Beijing announced that they are going to start where they left off on the proposed investment treaty.
Asiana airlines' accident affected the technology industry The Asiana Airlines accident halted more than just flight bookings or travel package reservations.