It's official - foreign speculators are to blame. China's stock market rout hit a new phase over the weekend, as officials began acting on their convictions that traders are responsible in part for the crash that has sent shares downward by 30% in the ...
NEW YORK - PartnerRe's biggest shareholder, Italian investment company Exor, is buying the reinsurer in a deal worth about $6.9 billion.
HSBC Holdings Plc, Europe's largest bank, said second-quarter profit surged 18 percent, even as it took a $1.3 billion charge to settle a probe into currency rigging.
SINGAPORE/SYDNEY: The dollar recovered slightly against the yen on Monday, after suffering a setback late last week when subdued US wage growth clouded the outlook over when US interest rates were likely to rise.
Nokia, the Finnish telecommunications company, said on Monday that it had sold its Here digital mapping unit to a consortium of German automakers for 2.8 billion euros, or about $3 billion.