New York-based exchange operator Nasdaq OMX confirmed on Friday it is bidding for a minority stake in leading Anglo-French swaps clearing house LCH.Clearnet. The bid forms part of Nasdaq’s strategy to expand beyond the US, the company said. Nasdaq CEO Robert Greinfeld spoke to journalists at the Federation of European Securities Exchanges conference in Athens, saying:…
Barclays Bank unveiled plans to increase annual revenue by as much as £6.4bn in the next two years in an attempt to increase shareholder returns, CEO Bob Diamond said late on Wednesday. In a statement Barclays outlined plans to make an additional income of between £4.3bn and £6.4bn by 2013, which would mean a 20…
Barclays Bank unveiled plans to increase annual revenue by as much as £6.4bn in the next two years in an attempt to increase shareholder returns, CEO Bob Diamond said late on Wednesday. In a statement Barclays outlined plans to make an additional income of between £4.3bn and £6.4bn by 2013, which would mean a 20…
Finnish phone maker Nokia has won its long-running patents case against Apple and will receive a one-off €800m payout from the iPhone maker in addition to royalties. The patent case was brought by Nokia against Apple in October 2009 and related to its patented technologies used in smartphones. The settlement signed on Tuesday through a…
Finnish phone maker Nokia has won its long-running patents case against Apple and will receive a one-off €800m payout from the iPhone maker in addition to royalties. The patent case was brought by Nokia against Apple in October 2009 and related to its patented technologies used in smartphones. The settlement signed on Tuesday through a…
Stanley Fischer, the 67-year-old governor of the Israeli central bank, was notified late on Monday by the Board of Directors of the IMF that his bid to head the IMF has been disqualified because of his age. Fischer was told on Monday night that the IMF would not regard him for the managing director position…
Stanley Fischer, the 67-year-old governor of the Israeli central bank, was notified late on Monday by the Board of Directors of the IMF that his bid to head the IMF has been disqualified because of his age. Fischer was told on Monday night that the IMF would not regard him for the managing director position…
Former IMF deputy chief and Bank of Israel governor, Stanley Fischer, has emerged as a candidate to challenge Mexico’s Central Bank governor Agustin Carstens and French finance minister Christine Lagarde. Fischer announced a formal bid to head the IMF at the weekend, saying his training as an economist would be an advantage to the candidacy….
Former IMF deputy chief and Bank of Israel governor, Stanley Fischer, has emerged as a candidate to challenge Mexico’s Central Bank governor Agustin Carstens and French finance minister Christine Lagarde. Fischer announced a formal bid to head the IMF at the weekend, saying his training as an economist would be an advantage to the candidacy….
The US Supreme Court ruled against Microsoft in its high profile appeal of a $290m patent case verdict against Canadian company i4i. The verdict brings to an end a long-lasting legal battle which saw i4i sue Microsoft in 2007, saying the technology which allows text manipulation in the Microsoft Word application belonged to i4i. According…
