Potentially strengthening its hand in a proposed merger with London Stock Exchange (LSE), the Deutsche Boerse is selling U.S. options exchange operator International Securities Exchange for $1.1 billion to Nasdaq.   Having written it down continuously since acquiring it for $2.8 billion in...

Banks are like any other business, but they have a particular position on the market. They permeate every other kind of business, as an intermediate agent in almost every type of transaction, except one: cash. Thus, banks are trying to close the loophole, through the slow deletion of cash from our societies.

A major upgrade about how one can browse and book holidays is to be announced by Google and it is ready and available to be downloaded on the smartphones.   Two cities in Europe will pop up as soon as one pulls up the normal Google search bar and simply types – for example "Europe...

Warning that the sector is “fighting hard for its survival” amid rock-bottom prices, the North Sea oil industry has urged the chancellor to hand it a rescue package of tax breaks in next week’s budget.   Unless conditions for the industry improved, about 14bn barrels of an estimated 20bn...

A deal that would have seen rooftop solar panel installer Vivint Solar Inc being taken over by solar energy company SunEdison Inc was called off on Tuesday by the former company after SunEdison failed to "consummate" the deal, said Vivint Solar Inc in a statement.   As SunEdison's finances...

In a meeting with 20,000 workers at its German headquarters on Tuesday,  the top labor official of Volkswagen said that depending on how big a fine has to be paid for its manipulation of diesel emissions tests, the car maker may have to cut jobs in the United States as well as Europe and other...

China’s banks and UnionPay have largely been left out of China’s mobile payment revolution despite years of trying with pilot mobile payment programs and roll-outs in major cities.   Through its China Mobile Pay JV and its Merchant Services arm, UnionPay controlled about 1.8% of...

A German auto maker consortium which controls the HERE digital mapping business is in talks with potential new members, reported Reuters quoting Daimler's Chief Executive.     In a step to develop self-driving cars,  Nokia's high definition maps business was bought by German...

With the intention of expanding presence and reach in the global luxury luggage market, Samsonite International S.A. said on Friday it would buy Tumi Holdings Inc for $26.75 per share in an all-cash transaction. The deal has valued Tumi at $1.8 billion.   Subject to regulatory and...