Focus turns to The Economist after FT sale

Last Updated: Saturday, July 25, 2015, 09:18

The Economist Group could become the latest British media business to undergo a change of ownership this year as its co-owner Pearson focuses on education, bankers and industry sources said.

Nikkei going global with Financial Times takeover

Last Updated: Friday, July 24, 2015, 23:40

Japanese media giant Nikkei said Friday its surprise acquisition of the Financial Times for USD 1.3 billion underscores its goal to be the voice of Asia on economic affairs as part of a broader Internet-driven global expansion.

Nikkei CEO vows to ensures FT's editorial independence

Last Updated: Friday, July 24, 2015, 20:42

Top executives at Nikkei Inc. pledged on Friday to preserve the editorial independence of the Financial Times after the Japanese media group`s $1.3 billion purchase of the British business newspaper, which has sometimes been critical of its new owner.

Nikkei's FT buy follows years of attempting to break into English news

Last Updated: Friday, July 24, 2015, 12:38

The Nikkei also had a years-long alliance with Wall Street Journal publisher Dow Jones, which came to an end in the last decade.

Govt proposes to dilute RBI chief's power; can't veto on policy rate

Last Updated: Thursday, July 23, 2015, 21:38

In a move that may dilute powers of RBI chief, the government Thursday proposed taking away his authority to veto the interest rate decision of the central bank's monetary policy committee.

Japan's Nikkei buys Financial Times from Pearson in $1.3 billion deal

Last Updated: Thursday, July 23, 2015, 20:48

Japanese media group Nikkei on Thursday agreed to buy the Financial Times from Britain`s Pearson in a $1.3 billion deal that brings together two leading financial news organisations from Europe and Asia.

Pearson to sell Financial Times to global media company: Source

Last Updated: Thursday, July 23, 2015, 18:04

British publisher Pearson has decided to sell the Financial Times to a "global, digital news company" after owning the business newspaper for nearly 60 years, a person familiar with the deal said on Thursday.

Pearson has decided to sell Financial Times, announcement due shortly: Source

Last Updated: Thursday, July 23, 2015, 16:34

British publisher Pearson has decided to sell the Financial Times newspaper to a global, digital news company, a person familiar with the deal said on Thursday.

Pearson has decided to sell Financial Times, announcement due shortly: Source

Last Updated: Thursday, July 23, 2015, 16:34

British publisher Pearson has decided to sell the Financial Times newspaper to a global, digital news company, a person familiar with the deal said on Thursday.

Shaken investors to stay away from gold as confidence shatters

Last Updated: Wednesday, July 22, 2015, 21:16

The slide was reminiscent of gold`s dramatic retreat in the second quarter of 2013, when prices fell nearly USD 200 in just two days in April, and another 11 percent in June.

Citi ordered to pay $770 million over credit card practices

Last Updated: Wednesday, July 22, 2015, 06:35

Citigroup Inc`s consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said.

Edelweiss consolidated net up 17% at Rs 91 crore

Last Updated: Tuesday, July 21, 2015, 18:22

Edelweiss Financial Services Tuesday reported a 17 percent rise in its consolidated net profit at Rs 91 crore for the quarter ended June, on the back of an overall increase in income.