Europe’s money market funds future in focus
It would be good news for security guards and manufacturers of safe boxes. Rather than paying banks interest on overnight deposits, the European Central Bank would charge them for the…
Chrysler sales point to US auto strength
The US’s big three automakers on Tuesday provided the latest evidence of the resilience of the industry’s rebound from the financial crisis with each posting significantly stronger US August sales…
Liquidnet expands dark pools into Philippines
Liquidnet, the US dark pool trading systems operator, is set to launch trading of Philippines stocks on Wednesday, expanding its block trading system to its ninth market in Asia. The…
Ecover cleans up with US acquisition
©PA One of the best-known environmentally friendly consumer brands is set to create the world’s largest green cleaning products company by sales following the acquisition of a US rival. Ecover…
McDonald’s to open first vegetarian outlets
McDonald’s, the US-based hamburger chain, is to open its first ever vegetarian-only outlets in two Indian pilgrimage centres as it seeks to expand in a market where cows are sacred…
Canaccord taps former Lehman banker
Former Lehman Brothers banker Alexis de Rosnay is poised to take the top job at Canaccord in Europe, according to people close to the situation, as the Canadian broker aims…
Valeant to buy Medicis for $2.6bn
Valeant Pharmaceuticals said on Monday that it would acquire Medicis Pharmaceutical in a $2.6bn deal intended to bolster its skincare business and capitalise on an ageing US population. The move…
The US economy may surprise us all
In the past three years, the most noteworthy aspect of the US recovery has been its weakness. The headwinds arising from the 2008 financial collapse, especially against household finances, housing…
Chalco abandons Mongolia coal mine deal
China has abandoned its attempt to buy a large coal mine in neighbouring Mongolia, bowing to political opposition to a deal that inspired the mineral-rich country to pass a tough…
Frontier bonds boosted as EM yields fall
Investors have piled into emerging market debt since the peak of the financial crisis, seeking shelter from the western world’s turmoil but hungry for higher returns on offer in haven…
The case study: Goli Vada Pav
The story. When Venkatesh Iyer co-founded Goli Vada Pav with Shiv Menon in 2004, he saw a big opportunity in selling affordable, clean, ethnic fast food to lower-income customers in…
Big Apple dwarfs entire regions
Which matters more, next week’s rumoured iPhone 5 launch or the European Central Bank rescue plan expected this Thursday? Speculation about an iPad Mini or the worsening economic slowdown in…
US military contractors – warhorses
The past decade or so has been a good time to be contractor working for the US military or intelligence agencies. Between 2000 and 2010 the military budget grew 9…
Wall Street must be careful what it wishes for
Jay-Z is still doing his bit for Barack Obama but the kids won’t listen. At a festival in Philadelphia on Saturday the rapper displayed a video of Mr Obama urging…
CIC sells bulk of its BlackRock stake
China Investment Corp has sold most of its stake in BlackRock, the world’s largest asset manager, as part of a wider strategy by the sovereign wealth to cut its holdings…