Monthly Archives: April 2016

Abbott to buy St. Jude for $25 billion to boost heart devices

(Reuters) - Abbott Laboratories said on Thursday that it would buy St. Jude Medical Inc in a $25 billion deal to expand its heart device business, but investors worried that the acquisition would not pay off as promised.

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VW sees light at end of tunnel after U.S. emissions deal

WOLFSBURG, Germany (Reuters) - Volkswagen , battling to rebuild its reputation following a scandal over rigged emissions tests, said on Thursday it could see light at the end of the tunnel following a deal with U.S. authorities last week.

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Time Warner Cable’s data subscriptions rise more than expected

(Reuters) - Time Warner Cable Inc , which is in the process of being bought by Charter Communications Inc , reported a 7.2 percent rise in quarterly revenue as it signed up more customers than expected for its high-speed data services.

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Supermarket Merkur from Austria opens online store

Supermarket chain Merkur from Austria has announced its plan to launch an online store next month. The ecommerce website will only accept orders from customers in the Vienna area for now. In the online shop of Merkur, customers can buy the full range of the physical stores, which consist of Continue reading

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Are women in the driving seat yet?

Women influence almost 80 percent of car buying decisions, but only 16 percent make it to managerial positions in the automotive industry, EY says.

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UPDATE 1-Bankinter out with inaugural Additional Tier 1 bond

LONDON, April 28 (IFR) - Bankinter has started marketing an inaugural Additional Tier 1 bond, becoming the first second tier bank to attempt the sale of a deeply subordinated bond since a brutal...

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For the Bank of Japan, easing is getting harder

HARUHIKO KURODA added another instance to his record of wrong-footing financial markets this week. Confronted with a rising yen and tumbling inflation, the thinking went, the central-bank governor had little choice but to shore up the credibility of the Bank of Japan (BoJ) with even looser monetary policy. But in the end the BoJ kept its stance unchanged. Markets reacted swiftly after the decision on April 28th: the yen jumped and the Nikkei 225 stockmarket index slumped.

Since introducing an interest rate of -0.1% on excess bank reserves in late January, Mr Kuroda has been hauled before parliament no fewer than 32 times to explain himself. Perhaps that has left him gun shy. Or perhaps the BoJ’s inaction is a hint to Shinzo Abe, the prime minister, that monetary policy should bear less of the burden of dragging Japan’s economy out of the slough of low inflation and growth.

Many economists reckon, nonetheless, that the BoJ will have little choice but to ease again soon. Mr Abe’s policies have failed to produce much growth or inflation, partly due to a falling oil price and China’s slowdown. GDP contracted by an...Continue reading

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