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Australian Prime Minister Backs Away From Inquiry Into Rio Tinto plc, BHP Billiton Limited

Australian Prime Minister Backs Away From Inquiry Into Rio Tinto plc, BHP Billiton Limited

Tony Abbott is no longer supporting an inquiry into predatory behavior from Rio Tinto and BHP Billiton, following lobbying efforts from the companies After showing support for a possible inquiry into “predatory behavior” by Rio Tinto plc (ADR) (NYSE:RIO) and BHP Billiton Limited (ADR) (NYSE:BHP), Australian Prime Minister Tony Abbott […]

Google Inc’s (GOOG) Cloud Wins UK Tax Dept Contract Over Microsoft Corporation (MSFT)

Google Inc’s (GOOG) Cloud Wins UK Tax Dept Contract Over Microsoft Corporation (MSFT)

The UK’s HMRC department has moved away from its original usage of Microsoft’s software services and decided to switch to Google’s cloud services to cater to its requirements better Her Majesty’s Revenue and Customs (HMRC), the largest UK government department that looks after Great Britain’s tax collections, has publicly announced […]

Alibaba Group Holding Ltd. Looks To Outperform eBay Inc., Amazon.com, Inc. In Russia

Alibaba Group Holding Ltd. Looks To Outperform eBay Inc., Amazon.com, Inc. In Russia

Alibaba Group Holding Ltd. (NYSE:BABA), currently the leader in the Chinese e-commerce market, is still looking for different avenues for growth. The company is planning to expand its operations into a new location and serve its newest group of consumers, the Russians. Alibaba’s general manager, Mark Zavadskiy said: “E-commerce truly […]

National Bank of Greece (ADR) : Greek PM Rejects Bailout Proposals

National Bank of Greece (ADR) : Greek PM Rejects Bailout Proposals

Greek Prime Minister Alexis Tsipras labels bailout proposals “absurd” and “irrational” Greek prime minister Alexis Tsipras has dismissed the bailout proposal presented by the country’s international creditors, calling the terms “absurd” and “irrational.” In an address to the parliament yesterday, Mr. Tsipras stated that his country will not accept the […]

Alibaba Group Holding Ltd Buckles To Regulatory Pressure; Submits New Application To Invest In Taiwan

Alibaba Group Holding Ltd Buckles To Regulatory Pressure; Submits New Application To Invest In Taiwan

Alibaba has complied with the Taiwanese regulator’s demand to put in a new application, in order to continue operating in the region Alibaba Group Holding Ltd (NYSE:BABA) has submitted yet another application to invest in Taiwan under the rules for mainland-backed companies. Chinese investments in the region are scrutinized harshly, […]