Alibaba shares rise to highest level
August 11, 2016 – China’s Alibaba Group Holding Ltd posted its best revenue growth since before the e-commerce titan’s listing…
Australia’s Commonwealth Bank hits record profits
August 10, 2016 – Australia’s biggest bank, the Commonwealth, posted a two per cent rise in annual net profit to…
Viacom posts surprise profit
August 5, 2016 – Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, reported a surprise rise in…
Bank of England cuts interest rates
August 4, 2016 – The Bank of England cut interest rates today for the first time since 2009, revived its…
Teva buys Allergan unit in US$40 billion deal
August 3, 2016 – Teva Pharmaceutical today completed its US$40 billion acquisition of the generics arm of rival Allergan, a move…
Australia cuts interest rate to record low 1.5%
August 2, 2016 – Australia’s central bank dropped interest rates to a new record low today after a recent run of…
AB InBev and SABMiller to merge in October
August 1, 2016 – Anheuser-Busch InBev and SABMiller , the world’s two largest brewers, set out a timetable today for…
Oracle to buy NetSuite for US$9.3 billion
July 28, 2016 – Business software maker Oracle Corp today said it would buy NetSuite Inc for about US$9.3 billion in…
Air France strike hits 13% of flights
July 27, 2016 – Air France today said the first day of a week-long strike by flight crews had forced it…
United Airlines plans US$2 billion buyback
July 20, 2016 – United Continental Holdings Inc will buy back US$2 billion of stock and sell fewer seats than…