Business  April 27, 2015
Tokyo Electron, US-based Applied Materials, scrap merger
US President Barack Obama tours Applied Materials, a manufacturer of systems for polishing the surface of unfinished semiconductor chips, prior to speaking on the economy and job creation in Austin, Texas, May 9, 2013Japanese semiconductor equipment maker Tokyo Electron and US rival Applied Materials cancelled their merger Monday after US competition regulators rejected the multi-billion dollar deal.The announcement comes several days after Comcast and Time Warner Cable scrapped their mega-merger plans, due to opposition by the US Department of Justice to the w...  Full Story
European stocks soar on upbeat signs in Greek debt talks
LondonEurope's main stock markets rebounded strongly on Monday on optimism that stalled Greek debt talks would get on track after Athens shook up its negotiating team.London's benchmark FTSE 100 advanced 0.47 percent to hit a new record close of 7,103.98 points driven by more upbeat news from Greece and banking shares.Frankfurt's DAX 30 index jumped 1.93...  Full Story
Oil prices turn mixed
US benchmark West Texas Intermediate fell 33 cents to $56.82 a barrel compared with FridayWorld oil prices wobbled Monday with losses limited as fighting in Yemen fuelled fears about a supply disruption in the Middle East, analysts said. Brent North Sea crude for June delivery shed just 10 cents to $65.18 a barrel in late afternoon London trade as light profit-taking set in. US benchmark West Texas Intermediate for June meanwhile rose 2...  Full Story
Capgemini to buy IGATE in $4 billion US expansion push
French IT services and consulting company Capgemini said Monday it was buying New Jersey-based IGATE for $4 billion (3.7 billion euros), boosting US-generated business to nearly a third of its total activity."IGATE is a leading company that perfectly fits our strategic ambition. It will give us a new status on the American market, and take further ...  Full Story
Greece shakes up EU-IMF talks team but keeps Varoufakis
The Greek flag (R) and a towel depicting a 200 Euro banknote hang outside a kiosk in Athens, on March 22, 2015Greek Prime Minister Alexis Tsipras shook up the team handling crucial talks with its creditors Monday after relations between his embattled finance minister and the EU hit a new low. A government statement said a "political negotiation team" would be formed under junior foreign minister Euclid Tsakalotos, a 55-year-old Dutch-born economics profess...  Full Story
China has world's 2nd biggest wine-growing area: trade group
Figures for 2014 showed China had 799,000 hectares (1.97 million acres) of land devoted to wine growing, compared with 1.02 million hectares for SpainChina now has the second-largest wine-growing area in the world after Spain, pushing France into third place, according to figures released Monday by the International Organisation of Vine and Wine (IOVW).The figures for 2014 showed China had 799,000 hectares (1.97 million acres) of land devoted to wine growing, compared with 1.02 million hectares ...  Full Story
Rajoy warns Spaniards against lure of Greek-style policies
Spanish Prime Minister Mariano Rajoy, whose conservatives faces a challenge in local elections in May from the anti-austerity Podemos party, an ally of GreeceSpanish Prime Minister Mariano Rajoy warned Spaniards off Greek-style anti-austerity policies Monday, saying the kind of confrontational stance adopted by the Athens government jeopardised economic recovery.Rajoy's remarks come less than a month before local elections in which his conservative Popular Party faces a challenge from two new parties, i...  Full Story
UK government 'tells BP it would oppose takeover'
Analysts say BP could become a takeover target because it has been forced to sell off assets following the Deepwater Horizon rig spill in 2010, and because of lower oil pricesThe British government has warned oil giant BP that it would oppose a foreign takeover of the company weakened in recent years by the Gulf of Mexico oil spill, media reports said Monday."The government has met with BP in recent days to express its opposition to any potential takeover of the oil major," the Daily Telegraph reported.The Financial Tim...  Full Story