Foxconn buys Sharp in $5.25-billion deal

In a unanimous vote, Sharp's board made the decision to accept Foxconn's offer. It seems that Foxconn was giving a list of 350 billion yen worth of contingent liabilities from Sharp . Foxconn was previously considered an underdog in negotiati... More..

by | Published more than a month ago
Investment of Rs.97000 Crore in Road Sector: Jaitley
by | Monday, February 29, 2016

Investment of Rs.97000 Crore in Road Sector: Jaitley

In addition, the proposed increase in the limit of deduction of rent paid under section 80GG from Rs 24,000 per annum to Rs 60,000 will provide relief to those who live in rented houses. Unveiling the Budget fo...More..

by | Monday, February 29, 2016

Saudi Arabia says halts $3 bln package to Lebanese army

The state-run Saudi Press Agency said the money was to be used by the Lebanese army to buy French weapons. The other involves a $US1 billion support deal for the Lebanese police. Lebanon's Justice Minister ...More..

by | Monday, February 29, 2016

Foxconn to delay signing of Sharp takeover deal, says to clarify terms

Update: WSJ now reports that Foxconn is delaying the signing of takeover agreement due to new details Sharp disclosed a day earlier. Hon Hai's offer includes an investment of around ¥500 billion throug...More..

Barclays says board evaluating options for its African business
by | Monday, February 29, 2016

Barclays says board evaluating options for its African business

That marked a significant reversal in a strategy which has seen SA's largest retail bank progressively change its image - with the Absa red and name progressively giving way to Barclays blue - including the lis...More..

by | Monday, February 29, 2016

China's Central Bank Says No Basis for Continued Yuan Decline

Total social finance, a measurement of funds that non-financial firms and households get from the financial system, stood at 3.42 trillion yuan, nearly double December's count of 1.81 trillion yuan, the People'...More..