American economist Lawrence Summers said policy makers should focus on growth strategies rather than debate on issues about the budget deficit.
Investors
Yahoo reduces planned share sale of Alibaba stake in IPO
Yahoo decided to keep more of its stake in Alibaba after the latter would go public. Yahoo amended its planned share sale of its holdings in the Alibaba Group and decided to keep a larger stake of the Chinese e-commerce firm.
Google, Facebook partner up to assist client ads in FBX platform
Rivalry between Google Inc and Facebook Inc seemed to have thawed after the former announced its partnership with the latter on aiding clients to purchase ad inventory.
Chancellor Osborne to decide on to retain or break up RBS
Chancellor of the Exchequer George Osborne is planning whether toxic assets of RBS would be put into a bad bank.
Investors applaud Yahoo's plans to keep bigger stake in Alibaba
Investors welcomed Yahoo's plans to sell fewer shares when Alibaba goes public. News of Yahoo Inc's plans to retain a larger stake than what it had originally announced was welcomed by the company's investors.
Latest News
The International Monetary said Italy would need to make supply-side reforms to boost its growth. Italy's growth has been hampered with high debt, an unstable government, red tape and low growth.
Bondholders were sought protected by Mario Draghi through the European Central Bank. The European Central Bank head Mario Draghi informed the European Commission last month requesting that bondholders be spared any losses in the event a bank rescue occurs until such time an EU banking union is put in place.
TPG Capital agreed to buy a stake in Phoenix Satellite Television from Star Entertainment for a price tag of USD 214 million.
Fresh investments were promised by BP and Reliance Industries in oil and gas. The top executives of BP and Reliance Industries, CEO Bob Dudley and Chairman Mukesh Ambani respectively, jointly promised fresh investments worth up to USD10 billion in oil and gas.
Caesars Entertainment would no longer be partnering with Suffolk Downs to bid for a casino gambling license in the Boston area.
China-based Alibaba said it understood the importance of big data in driving its e-commerce business.
Dubai Land Department's managing director announced the launch of its e-Market website during the GITEX Information and Technology Exhibition.
A UK court had started to hearing evidence about the alleged London Interbank Offered Rate or Libor manipulation brought against Barclays and Deutsche Bank.
Voxeljet, whose technology was used to design Aston Martin cars for the James Bond film "Skyfall", traded as high as USD29.06 from its initial USD13 per share price after its debut on the German stock exchange.
