With Khodorkovsky out, Yukos investors fight on
MOSCOW (Reuters) – Freed former tycoon Mikhail Khodorkovsky has ruled out trying to recover the fortune that made him Russia’s richest man, but two multi-billion-dollar law suits involving his defunct oil giant Yukos could be decided this year.
India seeks to scrap $2 billion tax dispute talks with Vodafone
NEW DELHI (Reuters) – India plans to pull out of talks with Britain’s Vodafone Group Plc over a $2 billion tax dispute, in a move that will prolong a more than six-year old row and increase uncertainty among investors in Asia’s third-largest economy.
Wall Street’s most eligible banker Fleming waits for suitor
NEW YORK (Reuters) – Wall Street power brokers are betting that Greg Fleming will be chief executive of a major U.S. company one day, but no one is quite sure of which one or when.
SoftBank says U.S. consolidation necessary to rise above No.3 rank
TOKYO (Reuters) – SoftBank Corp’s billionaire chief executive said he was not happy as just No. 3 in the U.S. mobile market and that consolidation was necessary there, as regulators indicate resistance to an acquisition of No. 4 carrier T-Mobile US Inc…
Prada 2013 sales growth of 9 percent lags estimates
HONG KONG (Reuters) – Italian fashion house Prada SpA said on Wednesday that sales grew just 9 percent in the year ended January 31, hurt by economic weakness in Europe and a stronger euro.
China to spend extra $10 billion in restive Xinjiang this year
BEIJING (Reuters) – The Chinese government will pump 61.66 billion yuan ($10.17 billion) in extra funds into the restive far western region of Xinjiang this year to improve housing and employment, state media said on Wednesday.
SoftBank CEO: Top two U.S. mobile operators hold oligopolistic position
TOKYO (Reuters) – SoftBank Corp Chief Executive Masayoshi Son said on Wednesday that the top two U.S. mobile operators have an oligopolistic position in the U.S. markets.
U.S. House approves ‘clean’ debt limit after Republicans drop demands
WASHINGTON (Reuters) – The U.S. House of Representatives narrowly approved a one-year extension of federal borrowing authority on Tuesday after Republicans caved into President Barack Obama’s demands to allow a debt limit increase without any condition…
Record tumble in Japan machinery orders casts doubt on Abenomics
TOKYO (Reuters) – Japan’s core machinery orders suffered a steep drop in December and companies expect more declines in the January-March quarter, a worrying sign for capital spending seen as key to cementing a recovery in the world’s third-largest eco…
IBM’s CEO visits China for trust-building talks with govt leaders: sources
BEIJING (Reuters) – A slide in IBM Corp’s sales in China amid a broad backlash against claims of U.S. government spying has triggered a rare visit to Beijing by Chief Executive Officer Ginni Rometty.
