By Reuters
Copper firmed a little on Thursday after sinking to a 4-1/2 month low in the previous session but remained under pressure as downbeat data from the European Union raised worries that global economic weakness will hit demand for industrial metals. (1:31 pm)
MORE TOPICS:
CHINA, COMMERZBANK, MANUFACTURING, EUROPEAN UNION, AUSTRALIA, COPPER
By Reuters
U.S. media executive Harry Sloan has approached private equity firm CVC Capital Partners <CVC.UL> to buy a controlling stake in its asset, Australia's debt-ridden Nine Entertainment, a source with direct knowledge of the matter said. (May 24)
MORE TOPICS:
GOLDMAN SACHS, MERRILL LYNCH, AUSTRALIA, HOLLYWOOD
By IBTimes AU
Credit Suisse, in a new report released on Wednesday, warned Australian banks not to lower their lending standards for home loans to make up for the flat growth of lending across the banking industry,. (May 23)
MORE TOPICS:
WESTPAC, AUSTRALIA, MORTGAGE
By IBTimes
China's Alibaba Group and Yahoo confirmed Sunday night they have reached an agreement that will allow the two online media giants to eventually go their own ways. Alibaba initially will pay an estimated $7.1 billion in cash and preferred stock to Yahoo. (May 21)
MORE TOPICS:
CHINA, GOLDMAN SACHS, INTELLECTUAL PROPERTY, INVESTMENT
By Reuters
Royal Bank of Canada <RY.TO> and Credit Suisse <CSGN.VX> are among the suitors seeking to bid for the non-U.S. wealth management businesses of Bank of America Merrill Lynch <BAC.N>, sources told Reuters, in a deal that could be worth around $2 billion. (May 17)
MORE TOPICS:
BANK OF AMERICA, MERRILL LYNCH, JAPAN, MANAGEMENT
By IBTimes
The euro fell to its lowest levels since January following the news Greece would have to hold a new round of elections, making the prospect of the dissolution of the euro zone economic union significantly more compelling. (May 16)
MORE TOPICS:
COURT, ELECTIONS, SUPREME COURT, LONDON