formats

Suntory completes $16bn Beam buyout

Japanese beverage giant Suntory Holdings completes the buyout of US firm Beam, maker of Jim Beam whiskey, in a $16bn deal.

formats

Sony slashes profit forecast by nearly 70%

Sony slashed its operating profit estimate by nearly 70 percent for the financial year ended March 31.

formats

Is April’s best-performing currency set for further gains?

South Korea’s won outperformed major global currencies in April, and according to HSBC, investors can expect it to continue rising this year.

formats

Welfare and tax boost for Brazil poor

Brazil’s President Dilma Rousseff announces an increase in social security payments and tax cuts ahead of her re-election campaign in October.

formats

VIDEO: Western equality ‘not working’

Economist Thomas Piketty says “democratic institutions cannot work properly if inequity becomes too extreme”.

formats

IMF approves $17bn Ukraine bailout

The International Monetary Fund approves a bailout for Ukraine, to help the country’s beleaguered economy.

formats

Sell in May and go away: Is it true?

There’s an old saying in the stock market: sell in May and go away. Now that the first of May is here should we sell?

formats

Ex-Nokia boss’ pay-off rises to $33m

Former Nokia chief executive, Stephen Elop, receives a bigger-than-expected pay-off, as the firm finalises the sale of it handset business to Microsoft.

formats

China official PMI rises slightly to 50.4 in April

China’s official manufacturing Purchasing Managers’ Index rose to 50.4 in April from 50.3 in March, data released Thursday showed.

formats

China plans crackdown on iron ore import loans

China plans to get tougher on loans for iron ore imports as concerns grow that steel mills are using import loans to stay afloat. The FT reports.