Finance

'Putin's Banker' Sergei Pugachev on Interpol's Wanted List

Sergei Pugachev, a Russian tycoon and once known as "Putin's Banker," is on Interpol's list of "Wanted Persons"

Nov 28, 2014

Coca-Cola, SABMiller Merge Business to Create 'Coca-Cola Beverages Africa'

Beverage giants Coca-Cola and SABMiller have joined forces with packaging firm Coca-Cola Sabco, to form "Coca-Cola Beverages Africa" - the largest Coca-Cola bottler in Africa and the 10th largest in the world.

Nov 27, 2014

China's Growth Model Outdated; Will Current Reforms Save the Economy?

Experts say China's development model is "obsolete" and needs to be replaced "immediately".

Nov 27, 2014

China Slaps Microsoft with $140 Million Tax Fine

China has levied a massive $140 million fine on Microsoft Corp for tax evasion in the country, according to reports.

Nov 26, 2014

News Corp Invests $30 Million in Indian Property Website PropTiger.com

News Corp, the Rupert Murdoch-led media giant, has made an investment worth of $30 million on Indian real estate website PropTiger.com.

Nov 25, 2014

Russia Could Scale Back on Oil Production Ahead of OPEC Meet

Russia mulls limiting its annual oil production to 525 million tons due to falling prices and western sanctions.

Nov 25, 2014

Onex Buying Swiss Packaging Group SIG for $4.66 Billion

Onex Corp, the Canadian private equity firm, announced on Monday that it would be acquiring SIG Combibloc Group AG, the Switzerland-based packaging giant for a deal worth $4.66 billion.

Nov 24, 2014

2015-16 Union Budget to be People Friendly? Jaitley Decides Not to Burden Middle Class

Jaitley is looking for a people-friendly budget by keeping the middle class free of tax burden.

Nov 23, 2014

Future Group Acquires Nilgiris Chain for Rs 300 Crore

Future Consumer Enterprise Ltd., the FMCG arm of Future group, has acquired Nilgiris dairy Farm Pvt Ltd., the South Indian convenience stores chain for a deal worth INR 300 Crore.

Nov 22, 2014

How China's Clever Interest Rate Cut Gets Markets Excited; Will it Help the Economy?

The People's Bank of China (PBOC), the country's central bank, cut long term lending rates by 40 base points on Friday to buoy its faltering economy as a measure to avoid the hard market crash threatening the country. It also reduced its one-year deposit rate by 0.25 percent to 2.75 percent.

Nov 22, 2014