US fund Monarch to open office in London
Monarch Capital, the prominent US distressed debt hedge fund, is opening a new office in London in a sign of growing interest in Europe as the continent’s banks prepare to…
Loeb’s vision for Sony draped in risk
It takes a special breed of financier to see a drowning man’s life vest as an obstacle to his swimming practice. But that, essentially, is how Daniel Loeb, founder of…
Ex-employee set to reveal Google’s tax plans
Google’s tax planning has been branded “immoral” by a former employee who told a Sunday newspaper he was ready to hand over evidence to the tax authority that would expose…
Low rates fail to spur M&A boom
©Bloomberg Carl Icahn (left) and Michael Dell Low interest rates are failing to fuel a mergers and acquisition boom as companies tap the robust high yield markets to refinance and…
Tough oil pricing ahead, says Eni chief
©AFP Paolo Scaroni: ‘Where we can add most value is in countries that are complex and not easy to work in’ Oil prices are likely to fall over the next…
Apple faces grilling over US tax rate
©AFP Apple would have paid a tax rate of about 15 per cent last year, far below the 25.2 per cent it reported, had it not used a form of…
Bentley misses out on incentives
Bentley is one company that would profit from a revamp of the way government incentivises spending on research and development. The carmaker, owned by Germany’s Volkswagen, has a 900-strong engineering…
Verizon venture puts pressure on Vodafone
©Bloomberg For some observers, the stand-off between telecommunications groups Verizon and Vodafone over the future of Verizon Wireless is akin to a Monty Python comedy sketch. In Monty Python and…
Low fuel prices drive US light truck sales
©Bloomberg Cheverolet Silverado pickup trucks at an auto dealership in Illinois It looks like a return to bad old habits. As they published their monthly domestic car sales figures this…
US banks’ corporate loans spark risk fears
US banks are making riskier corporate loans as they seek to boost their flatlining profits and fight off tough competition from other lenders and the booming bond market, regulators, analysts…
Jamie Dimon, the last king of Wall Street
Jamie Dimon might as well be dead, such is the rush of eulogies from corporate titans. Warren Buffett, Jack Welch, Michael Bloomberg and Rupert Murdoch are among those to have…
Mile-high bid to step up to a better class
©Corbis ‘For those seeking a way out of the economy cabin, a number of airlines, including Virgin Atlantic, Etihad, Austrian Airlines and Tap Portugal offer a facility whereby you tell…
MPs accused of ‘demonising’ US companies
MPs have been accused of “demonising” US multinationals over tax after Google was this week branded “evil” by the chair of an influential parliamentary committee. Amazon and Starbucks have also…
Transocean rejects Icahn’s dividend move
Investors in offshore driller Transocean have decisively rejected an attempt by Carl Icahn to make the company pay a higher dividend, but have voted one director he nominated on to…
US energy revolution gathers pace
The growing role of the US in world energy markets was underlined on Friday as the Obama administration approved wider exports of liquefied natural gas and international companies committed billions…