Business

China Gives Microsoft 20 Days To Provide Explanation In Anti-Trust Probe

A Chinese anti-trust regulator said on Monday it has given Microsoft Corp (MSFT.O) 20 days to reply to queries on the compatability of its Windows operating system and Office software suite amid a probe into the world's largest software...

Britain’s Barclays To Sell Spanish Assets To Caixabank

Barclays is selling its Spanish retail and corporate banking operations to Caixabank, the two companies said on Sunday, as the British bank starts shrinking its struggling European divisions as part of a major overhaul. Caixabank, Spain's third-biggest lender and one...

Alibaba Aims To Launch Share Sale In Early September: Source

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Chinese e-commerce company Alibaba Group Holding Ltd is planning to launch its New York stock market debut in the week of Sept. 8, a person briefed on the matter told Reuters on Saturday. The much-anticipated sale or initial public offering...

Worried EU Leaders Call Jobs, Growth Summit For October 7: Draft

European Union leaders are set to hold an emergency summit on promoting growth and jobs on Oct. 7 at the suggestion of Italy, according to a draft of a statement to be issued after an EU summit on Saturday. Previous...

Exclusive: Intel Hires Senior Qualcomm Exec To Boost Mobile Business

Chipmaker Intel Corp (INTC.O) has hired Amir Faintuch, a senior executive at rival Qualcomm Inc (QCOM.O), to step up efforts in mobile and Internet-connected gadgets. Hiring a senior executive from a major competitor is rare for Intel, which is known...

Special Report: The billion-dollar Fall Of The House Of Espirito Santo

On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. Salgado signed two letters to Venezuela’s state oil company, which had bought $365 million in bonds...

Tragedy-hit Malaysia Airlines To Lose 6,000 Jobs In Bold Revamp

Malaysia Airlines (MASM.KL) (MAS) will slash nearly a third of its 20,000 workforce and cut back its global route network as part of a radical 6 billion ringgit ($1.9 billion) restructuring following the devastating impact of two jetliner disasters. The...

Google Tests Airborne Drones To Deliver Goods

Google Inc is developing airborne drones capable of flying on their own and delivering anything from candy to medicine, the Internet company said on Thursday. The effort, which Google calls Project Wing, marks the company's latest expansion beyond its Web-based...

South Africa Dodges Recession As Q2 GDP Grows 0.6%

South Africa’s economy avoided slipping into a recession in the second quarter, as solid growth in the agriculture and financial industries outweighed a hammering in the strike-hit mining sector, data showed on Tuesday. Africa’s second largest economy is struggling to...

Scottish Independence: Firms Say ‘Yes’ Vote Would Benefit Economy

More than 200 business figures have signed an open letter backing Scottish independence. Stagecoach chairman Sir Brian Souter and Clyde Blowers boss Jim McColl are among signatories who say independence is in Scotland's economic interest. It comes a day after a...