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HuaweiIndia’s Reliance Industries, led by tycoon Mukesh Ambani, could spend $2 billion to boost its aerospace and telecoms businesses, reports said on Saturday.
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US corn and soybean prices closed higher Friday after a bouncy week linked to changing weather patterns.
Stocks took off at the end of the week, drawn by the allure of a helping hand from the world’s two most powerful central banks. Traders are unlikely to resist those charms again next week.
Social media companies, once hailed by their Silicon Valley boosters as world-changing businesses with limitless potential, are instead proving a sobering reminder of how investors can be seduced by Internet hype.
DUBAI — Dubai Properties Group, or DPG, a member of Dubai Holding, has finalised a land transaction in its Dubailand district with Emaar Properties, according to a statement issued on Thursday.
PARIS — The International Monetary Fund warned Friday that the Spanish recession would be worse than initially expected, with a forecast contraction of 1.7 percent this year and of 1.2 percent in 2013.
Apple Inc has agreed to buy fingerprint sensor technology developer AuthenTec Inc for about $356 million, in a deal that could put its iPhone at the center of the emerging mobile payments market.
HONG KONG — Asian markets rallied Friday and the euro held on to strong gains from New York after the European Central Bank chief said it would do “whatever it takes” to save the under-pressure single currency.
LONDON - Gold rose on Friday, holding around a three-week high as the dollar softened a touch and stocks gained on hopes a vow by the European Central Bank chief to prevent a collapse of the euro zone signalled more action to tackle the debt crisis.
LONDON — Barclays on Friday formally apologised for the Libor rate-rigging scandal and revealed that its finance director faced a probe into a separate regulatory matter in a fresh blow for the British bank.
