Business

AIG Joins List Of Finance Companies Looking To Move From Britain

U.S. insurer AIG (AIG.N) may move its European headquarters from London to another European Union country because of Britain's vote to leave the EU, the head of the AIG's European and UK operations said at an industry conference on...

Britain Considering All Options For Brexit Talks: May’s Spokeswoman

Britain is considering a whole range of options before it launches divorce talks with the European Union, a spokeswoman for Theresa May said on Monday when asked whether the prime minister was considering a transitional deal. Earlier, May said she...

Alibaba Cloud Stretches Global Reach With Four New Facilities

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Alibaba Cloud plans to open four new data facilities outside China, the cloud unit of Alibaba Holdings Ltd said on Monday, as it seeks to grab global market share from leading players Amazon.com Inc and Microsoft. The data facilities in...

Symantec To Acquire Lifelock For $2.3 Billion

Symantec Corp (SYMC.O) said it would acquire U.S. identity theft protection services company LifeLock Inc (LOCK.N) for $2.3 billion, in a deal that it hopes will prop up sales at its Norton cybersecurity unit. Symantec's security software often comes bundled...

Wal-Mart Will Offer Cyber Monday Deals Starting Black Friday

Wal-Mart Stores Inc will start offering online deals reserved for Cyber Monday two days in advance this year, joining a growing list of U.S. retailers who offer web promotions over the Thanksgiving weekend. Wal-Mart's special web promotions will be available...

Facebook’s Zuckerberg Discloses Steps To Fight Fake News

Facebook Inc, facing withering criticism for failing to stem a flood of phony news articles in the run-up to the U.S. presidential election, is taking a series of steps to weed out hoaxes and other types of false information,...

Dollar Halts Charge As Bashed Bonds Steady

Battered bonds and emerging market currencies enjoyed some respite on Thursday as the dollar took a breather from a post-U.S. election charge that has taken it to a 13-1/2 year high. Europe's main stock markets <0#.INDEXE> saw a subdued start...

Swire Pacific In Talks To Buy Coca-Cola Bottling Assets In China: Bloomberg

Hong Kong conglomerate Swire Pacific Ltd (0019.HK) is in talks to buy Coca-Cola Co's (KO.N) bottling assets in China from Cofco Corp's China Foods Ltd (0506.HK) unit, Bloomberg reported. A potential deal could value the business at about $1...

Russia Starts Blocking Linkedin Website After Court Ruling

Russia's communications regulator ordered public access to LinkedIn's website to be blocked on Thursday to comply with a court ruling that found the social networking firm guilty of violating data storage laws. LinkedIn (LNKD.N), headquartered in the United States, is...

Foreign Banks Shaken By Malaysia’s Move To Halt Currency Slide

Foreign banks in Malaysia on Thursday were trying to work out how to comply with the central bank's clamp-down on offshore ringgit trading, a move the broader market views as a form of capital controls. Form letters, sent this week...