Credit Suisse will have to pay $80-mn fine to US SEC in a settlement of charges against it in dark pool trading. Credit Suisse operates the US largest alternative trading platform, on which dark pool accounts are traded for high frequency investors.

Sep 15, 2015 10:14 AM EDT

Italian banking major UniCredit is downsizing its workforce as part of its cost cutting measures. The bank is expected to slash 7,000 jobs mostly in Italy, Germany and Austria. However, the total number of job cuts is likely to reach 10,000 level. Low interest regime is impactign the bank's performance.

Sep 15, 2015 10:11 AM EDT

Sergio Marchionne, Chief Executive of Fiat Chrysler Automobiles (FCA), has decided to drop his participation in the Frankfurt auto show as FCA is leading the labor talks with United Auto Workers (UAW).

Sep 15, 2015 10:09 AM EDT

Google and Twitter are joining forces to create a new publishing tool for mobile users, according to reports. Initially dubbed as "accelerated mobile pages," the news platform will be the tech giants' answer to Facebook's Instant Articles.

Sep 15, 2015 10:08 AM EDT

Kuwait telecom major Zain has decided to invest in technology firms that add valued to its services. The telecom company is focusing on online ads, smart city projects, and television services. It has decided to repackage its data services to enhance revenues.

Sep 15, 2015 10:06 AM EDT

John Krafcik, a former boss from Hyundai Motors, and the current president of TrueCar was hired by Google to serve as the company's CEO on its self-driving car project.

Sep 15, 2015 10:02 AM EDT

Nintendo had appointed a new president following the death of Satoru Iwata two months ago. It was unexpected that the company picked Tatsumi Kimishima from Nintendo's Human Resources Division. But Kimishima had served in various departments before he was appointed to the role.

Sep 15, 2015 10:01 AM EDT

Jeb Bush, the Republican contender for US President position, is for lower tax rates, while promising for eliminating 'carried interest' of the rich and influencial people in the US corporate sector. Economists and election analysts consider this is an effort get an image among blue-color voters. In reality, Bush's plans help the rich indirectly, analyse the economists.

Sep 15, 2015 10:00 AM EDT

The ailing BHS has secured a loan for its revival plan. It'll use the funds to strengthen business operations, open new stores and rebrand itself from BHS to British Home Stores. Recently BHS was sold to a group of financiers.

Sep 14, 2015 09:55 AM EDT

Mark Zuckerberg will host its second Townhall Q&A discussions with India's Prime Minister Narendra Modi. It will be held on Facebook HQ in Menlo Park, California on September 27th.

Sep 14, 2015 09:51 AM EDT

New state firm reformed announced by Chinese authority on Sunday will see the firm being integrate in fewer firm. Through the reform, state-firm will also be given freedom to attract private investors into the firm.

Sep 14, 2015 09:50 AM EDT

Australian oil major Oil Search Ltd has rejected the $8B takeover bid from Woodside Petroleum. Oil Search's board viewed the takeover offer as low price translating into lower valuation of the company and it doesn't serve shareholders' interests.

Sep 14, 2015 09:43 AM EDT

AIrbus will officially opened its $600 million plant in Mobile, Alabama. The plant will be the most efficient that the company ever build in an effort to rival Beoing production and growing their presence in the United States.

Sep 14, 2015 02:17 AM EDT

Germany's leading cable provider, Tele Columbus and Pepcom, had agreed to consolidate on Sunday for €608M. The acquisition is set to be completed in April of 2016.

Sep 14, 2015 02:05 AM EDT

Macquarie Group's expected profit for the first half could surpass the analysts' projections. The drop in Australian dollar and rise in asset management revenues will help the Group to come out with encouraging results to be announced on 30 October.

Sep 14, 2015 02:05 AM EDT