Tweet (Financial Times) — Lucas Papademos, the Greek premier, failed to make party leaders accept harsh terms in return for a second €130bn bail-out, pushing Athens closer to a disorderly default as early as next month. Greek television reported that Mr Papademos has set a deadline of midday on Monday for the three leaders to [...]
Tweet NEW YORK (DNN) — Facebook’s long-awaited IPO filing is imminent, according to several news reports. The Wall Street Journal kicked off the hoopla on Friday, citing anonymous sources who said that Facebook may file for an initial public offering as early as this Wednesday.// cnnad_createAd(“53218″,”http://ads.cnn.com/html.ng/site=cnn_money&cnn_money_position=220x200_ctr&cnn_money_rollup=technology&cnn_money_section=quigo&page.allowcompete=no¶ms.styles=fs&page.allowcompete=yes”,”200″,”220″); // ]]> The New York Times and CNBC echoed [...]
Tweet (DNN) — Online social networking site Twitter said Thursday it will begin deleting users’ tweets in countries that require it — but it will still keep those deleted tweets visible to the rest of the world. The move is significant because, until now, the only way Twitter could comply with countries’ limits was to [...]
Tweet Research In Motion’s joint chairmen and chief executives, Mike Lazaridis and Jim Balsillie, have resigned as part of a long-awaited shake-up at the embattled Canadian maker of the BlackBerry smartphone. RIM said late on Sunday that Lazaridis would continue to play an active role as vice-chairman and head of a new board committee on [...]
Tweet Hong Kong (DNN) – Hong Kong is one of the world’s richest cities. Almost one in 10 households boasts a millionaire. The government sits on a cash pile of about $80 billion. Yet Hong Kongers are choking, sometimes to death, on their own success. A bold claim, but the statistics are compelling. The Hong [...]
Tweet Paris (DNN) — French Prime Minister Francois Fillon insisted Saturday that France is a safe bet for investors, a day after the country’s credit rating was downgraded by a ratings agency amid concerns over debt and low growth. France was among nine euro area countries to be downgraded by Standard & Poor’s Friday, losing [...]
Tweet Manmohan Singh, India’s prime minister, has cut his forecast for his country’s economic growth rate to 7% this year signaling a sharp slow down in the world’s fastest growing large economy after China. Mr Singh said on Sunday that India was “going through difficult times,” alluding to a severe test of his leadership from [...]
Tweet (DNN) — Beef from Brazil is on Iranian dinner tables. An Iranian-built hospital treats patients near Bolivia’s capital. Iranian-funded factories dot the Venezuelan countryside. Iran has forged hundreds of agreements with Latin American nations and pledged billions of dollars to fund them. More deals could be in store this week as Iranian President Mahmoud [...]
Tweet (CNN) — Michael Woodford, the former Olympus CEO who turned whistleblower on a $1.7 billion company cover-up after his October ouster, has abandoned his bid to retake the reins of the beleaguered firm. He does, however, plan to file a lawsuit against his former employer for wrongful termination. “I will most definitely be suing [...]
Tweet (Financial Times) — When Macau unveiled record gambling revenues on Tuesday, the government was silent about the source of much of the cash fuelling the territory’s boom: illegal money transfers from mainland China. From pawn shops offering money withdrawal services, to underground banks using human mules to transport cash across the border, Macau tolerates [...]
