A lengthy economic slump may be in South Korea’s near future, one that mimics the extended stagnation in Japan and for similar demographic reasons, an economist with the International Monetary Fund said. However, Rhee Chang-yong, […]
Indian Prime Minister Narendra Modi pledged firm and coordinated action between the government and the central bank to hew to the goal of 4% inflation. Modi noted the 4% figure is official, although it includes […]
Net foreign direct investment in China’s financial institutions came to 1.826 billion yuan in the second quarter, about half the total in the preceding period. Chinese financial institutions’ net overseas direct investment in Q2 amounted […]
Dutch human resources provider Randstad Holding (OTCPK:RANJY) has agreed to buy Monster Worldwide (NYSE:MWW) for about $429M and intends to finance the acquisition through existing credit facilities. The $3.40 per share in cash offer, representing […]
Consumer inflation in China grew less rapidly in July as increases in food costs abated, giving authorities more room to ease monetary policy in the world’s second-largest economy. China’s Consumer Price Index slowed to an […]
The European Commission has agreed to cancel budget fines for Spain and Portugal and set new deadlines for the countries to rein in their excess deficits despite them breaching EU limits in 2015. Spain will […]
Alibaba (NYSE:BABA) and HTC (OTC:HTCXF) are joining hands to advance virtual reality development with cloud computing solutions. The companies will focus on tackling bandwidth allocation, data transmission and data processing, building a VR cloud ecosystem and […]
Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) buys Orbitera for an undisclosed sum, although reports have suggested it was just above $100 million. Orbitera was founded by Firas Bushnaq, a serial entrepreneur, and Brian Singer, an enterprise software product […]
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