Yahoo to spinoff Alibaba stake into new entity
Yahoo is moving forward with the spinoff of its sizable stake in China’s Alibaba Group, and announced a name for it: Aabaco.
China breaks 6-year silence on gold reserves
China ended years of speculation about its gold holdings by revealing an almost 60 percent jump in its reserves since 2009, as the FT reports.
Fresh signs of recovery in China’s housing market
Chinese home prices rose for a straight second month in June, a sign that government efforts to boost the sector have started to gain traction.
Cramer Remix: My call on foreign markets
‘Mad Money’ host Jim Cramer is giving you a geography lesson on making money.
Google’s one-day rally is the biggest in history
Google shares added $65 billion in market cap on Friday, easily setting the record for a one-day gain.
Earnings should grab attention, but watch commodities
About a quarter of all S&P 500 companies will report earnings in the coming week, which could be a boost for stocks.
PPI payouts are a ‘bit of a lottery’
People who were mis-sold payment protection insurance (PPI) can receive widely differing compensation, a BBC investigation has found.
Google adds $60bn as shares surge
Google’s market value jumps $60bn as its shares hit new highs on the back of a rise in profits and revenues.
Tesla CEO Musk unveils Model S upgrades
Tesla Motors CEO Elon Musk announced some product upgrades and discounts on its Model S line of electric cars.
Bernanke criticizes euro zone’s failures
In a commentary penned for the Brookings Institution, Ben Bernanke criticized the “highly asymmetric outcomes” in the euro zone.