US Tourists Abducted in Sinai
Two American tourists have been kidnapped in the Sinai in Egypt, security sources have said. They appear to have…
CGI Agrees To Buy Logica For 1.7 Billion Pounds In Cash
CGI Group Inc. (GIB/A) agreed to buy Logica Plc (LOG) for 1.7 billion pounds ($2.6 billion) in cash to more than…
EFG-Hermes Receives Buyout Offer From Planet Consortium Group
A group of investors is considering a bid to acquire EFG-Hermes Holding (HRHO.CA) in a deal worth $1.2 billion,…
EU Banks Need Credible Refunding Mechanism: ECB’s Draghi
A credible mechanism is needed for recapitalizing euro zone banks and improving oversight in order to address the…
Apple May Have Tried To Block Spotify In U.S.: Parker
Apple Inc may have tried to prevent Spotify, the popular music streaming service, from entering the U.S. market,…
Renesas To Approach Shareholders For Support: Nikkei
Japan's Renesas Electronics Corp (6723.T) will present a plan to Hitachi Ltd (6501.T) and other major shareholders…
Oracle Plans New Cloud-Based Products
Larry Ellison, the billionaire chief executive of software maker Oracle Corp, said his company will launch a new…
Swiss Re Sells US Admin Re® Company (REALIC) To Jackson National Life Insurance
Swiss Re sells its US Admin Re® holding company (REALIC) to Jackson National Life Insurance for USD 0.6 billion in…
UAE Imposes No Limit On Credit Card Interest Rates
The Central Bank of UAE has decided to not impose any limit on credit card rates, following a meeting with the…
UAE’s Noor Islamic Bank Launches Two Investment Products With 100% Capital Protection
Noor Islamic Bank, an Islamic bank in the United Arab Emirates, has launched two unique structured wealth…