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BRICS set up bank to counter Western hold on global finances

16-07-2014 10:10:40

(Reuters) - Leaders of the BRICS emerging market nations launched a $100 billion development bank and a currency reserve pool on Tuesday in their first concrete step toward reshaping the Western-dominated international financial system.

IBM to offer iPads and iPhones for business users

16-07-2014 10:05:33

(Reuters) - International Business Machines Corp will partner exclusively with Apple Inc to sell iPhones and iPads loaded with applications geared at enterprise clients this fall, the company announced on Tuesday.

Global fund managers face multi-asset skills shortage

15-07-2014 17:05:29

(Reuters) - Global fund management firms are struggling with a skills shortage as the industry moves towards multi-asset investing in an attempt to improve returns, a study showed on Monday.

Microsoft expected to announce job cuts this week: Bloomberg

15-07-2014 16:51:52

(Reuters) - Microsoft Corp is planning its biggest round of job cuts in five years as the software maker looks to integrate Nokia Oyj's handset unit, Bloomberg reported, citing people with knowledge of the company's plans

Wall St. closes higher on Citi earnings, healthcare M&A

15-07-2014 16:49:37

(Reuters) - Stocks ended higher on Monday, with the Dow Jones industrial average hitting an intraday record, lifted by Citigroup's better-than-expected earnings and more deals in the healthcare space.