Exclusive – Bahrain’s Ahli United Bank considers sale or merger: sources
LONDON (Reuters) – Ahli United Bank (AUB) , Bahrain’s largest lender, is evaluating a sale or a merger with a rival bank in a potential $5 billion deal, several bankers familiar with the situation said.
Yahoo’s growth anemic as turnaround chugs along
SAN FRANCISCO (Reuters) – Yahoo Inc again posted anemic quarterly revenue growth as the Internet company’s advertising business continues to lag its rivals, nearly two years into Chief Executive Officer Marissa Mayer’s comeback effort.
Euro strength here to stay, unless ECB steps in
LONDON/FRANKFURT (Reuters) – Many of the factors driving the euro exchange rate to levels that have set off alarm bells at the European Central Bank are unlikely to go away on their own, part of the reason the bank has been threatening action.
Yahoo shares jump as Alibaba’s revenue surges ahead of IPO
(Reuters) – Yahoo Inc’s shares rose as much as 9 percent in heavy trading on Wednesday, a day after Chinese internet company Alibaba Group Holding Ltd, in which it holds a 24 percent stake, reported a surge in quarterly revenue.
China first-quarter GDP at 18-month low, to cut reserve ratio for small banks
BEIJING (Reuters) – China’s economy expanded 7.4 percent between January and March, its slowest pace in 18 months, prompting authorities to act for the second time in as many weeks to shore up growth.
World economy on steady course at best, China a worry, polls show
(Reuters) – The world economy can expect steady growth at best over the coming year, but any rapid slowdown in China as it tries to rebalance its economy could upset the still-unsteady progress, Reuters polls showed.
BlackRock granted direct access to China’s financial markets
LONDON (Reuters) – BlackRock , the world’s biggest asset manager, said it had been awarded a license to invest directly in China’s mainland capital markets, giving investors some access to its stock and bond markets.
Sodastream in talks to sell up to 16 percent stake: report
(Reuters) – At-home soda maker Sodastream International is in early talks to sell a stake of up to 16 percent to a strategic entity, Israeli financial news daily Calcalist reported on its website.
Mt. Gox set to liquidate as court denies rehabilitation
(Reuters) – Mt. Gox, once the world’s biggest bitcoin exchange, is likely to be liquidated after a Tokyo court dismissed the company’s bid to resuscitate its business, the court-appointed administrator said on Wednesday.
Deutsche Bank denies report its CEOs’ jobs are at risk
FRANKFURT (Reuters) – Deutsche Bank denied a media report that said its co-Chief Executives Anshu Jain and Juergen Fitschen could be replaced, possibly with former UBS finance chief John Cryan.
