IPO bankers earn a merry Christmas with a bumper year

Bankers responsible for floating companies and selling new shares into the market will enjoy a well-earned rest this Christmas after their busiest year since 2007, having notched up business worth almost $865 billion in the last 12 months.


U.S. FCC pauses Comcast-Time Warner merger review until January 12

U.S. Federal Communications Commission on Monday once again paused its review of the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, citing delays in getting documents from Time Warner Cable.

Xiaomi raising over $1 billion from investors including GIC

China's Xiaomi [XTC.UL] is raising over $1 billion from investors including Singapore sovereign wealth fund GIC that would value the smartphone maker at over $45 billion, a person familiar with the deal said.

Apple pushes first ever automated security update to Mac users

Apple Inc has pushed out its first-ever automated security update to Macintosh computers to help defend against newly identified bugs that security researchers have warned could enable hackers to gain remote control of machines.


Latest News

Chief executives got their deal-making confidence back in 2014, emboldened by a clearer outlook for their businesses to take the global value for mergers and acquisitions (M&A) to their highest annual level since 2007.
China opposes all forms of cyberattacks and cyber "terrorism", the country's foreign minister told U.S. Secretary of State John Kerry on Sunday.Foreign Minister Wang Yi made the remarks in a telephone call with Kerry on Sunday night, according to a statement posted on the foreign ministry's website on Monday.
Malicious software likely linked to China was used to infect visitors to a wide range of official Afghan government websites, U.S. cybersecurity researchers say.
Ten years ago, the boss of Qatar Airways, who takes his first new A350 jet this week, warned Airbus it was flying off course. Boeing was knocking on his door with a "super-efficient" jet boasting 30 percent fuel savings thanks to a carbon-composite design.
Geopolitics plague Lithuanians at this frozen Russian border post, where a return trip by car can mean 48 hours of queuing. It is a reminder for some of why the former Soviet republic will cement its move to the West by joining the euro zone next month.
U.S. president Barack Obama has rejected the charge that he has been outmaneuvered by Russian president Vladimir Putin, saying in a TV interview due for broadcast later on Sunday that Putin was presiding over "a huge economic contraction" due to the Ukraine crisis.
Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years.
This spring, Taser International Inc won a small but high-profile contract to supply body cameras to the London police. But the deal nearly collapsed over one issue: where the video footage would be stored.
The average price of a gallon of gasoline in the United States fell 25 cents in the past two weeks, tumbling to its lowest level in more than five-and-a-half years, according to the Lundberg survey released Sunday.
The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs.