Wednesday September 17, 2014

National Business

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Group including Wind Mobile CEO to buy out majority shareholder VimpelCom

TORONTO - An investment group that includes Wind Mobile founder Tony Lacavera and Canadian private equity firm West Face Capital has a tentative deal to buy out Wind's majority shareholder, VimpelCom Ltd., a Russian-Dutch company that has...

posted: September 16,2014

National Business

Even as China's economy rises, its stocks' returns are hobbled by fraud and dodgy accounting

WASHINGTON - Chinese e-commerce giant Alibaba is about to launch what may prove the biggest initial public stock offering ever. Yet anyone who expects to get rich from buying into China's high-growth story will be betting against history....

Dutch ready to look beyond austerity as more money set for defence, security

AMSTERDAM - The Dutch government is presenting a budget for 2015 that for the first time in years will be focused less on 'austerity' and more on security in light of international conflicts....

Allergan agrees to move forward with special shareholders meeting in December

NEW YORK, N.Y. - Allergan and Pershing Square are agreeing on at least one step toward settling a fight over the makeup of the Botox-maker's board....

ZEW index of German market optimism falls for ninth month as array of European concerns weigh

FRANKFURT - A key survey of German investor optimism fell in September for the ninth month in a row as the crisis in Ukraine, economic stagnation in Europe and the upcoming independence referendum in Scotland weighed on sentiment....

World Bank: Palestinian economy to shrink 4 per cent in 2014, after several years of growth

RAMALLAH, Palestinian Territories - The Palestinian economy is expected to contract for the first time in seven years in 2014, the result of the recent Gaza war, continued Israeli and Egyptian restrictions on Palestinian trade and a drop...

Japanese automaker Mitsubishi invests $600 million to set up car plant in Indonesia

JAKARTA, Indonesia - Mitsubishi Motors Corp. said Tuesday it will build a new car factory in Indonesia as part of a plan to raise its production capacity in the country from 160,000 to 240,000 vehicles per year....

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