• World Biz  |  NOVEMBER 22, 2014 9:00 AM

    Global M&A deals cross US$3 tril since 2007

    Story by
    www.reuters.com

    Mergers and acquisition deals announced so far this year have topped US$3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors. The total value of deals globally jumped about 48% to US$3.06 trillion as of Nov. …

     
  • World Biz  |  NOVEMBER 22, 2014 8:50 AM

    China rate cut; European stimulus hints lift markets

    Story by
    www.reuters.com

    World stock markets and oil prices rallied on Friday, fuelled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy. The jump …

     
  • World Biz  |  NOVEMBER 21, 2014 9:49 PM

    Volkswagen unveils RM360 bil investment plan

    Story by
    www.reuters.com

    Volkswagen AG is to invest 85.6 billion euros (RM360.9 billion) in its automotive operations over the next 5 years on foreign expansion, models and technology to back its quest for global leadership, even as it carries out an austerity drive.

     
  • World Biz  |  NOVEMBER 21, 2014 9:19 PM

    PBOC shores up lenders with first rate cut since 2012

    Story by
    www.bloomberg.com

    The People’s Bank of China’s first benchmark interest rate cut since 2012 will help aid the property market and shore up lenders, after the biggest jump in bad loans in nine years.

     
  • Economy & World Biz  |  NOVEMBER 21, 2014 5:51 PM

    ECB ready to raise inflation rates, says Draghi

    Story by
    www.reuters.com

    The European Central Bank (ECB) is ready to act in a timely manner if low inflation persists, ECB president Mario Draghi said on Friday.

     
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