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| Higher debt and weaker consumers to hurt retailers |
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LONDON (Reuters) - Retailers are in danger of becoming one of the leading victims of the credit crisis, with the cost of insuring their debt against default on the rise due to their exposure to heavily indebted consumers.
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BinckBank trading unit completes management buyout
The trading unit, called Accion and spun off from the online broker last October, had 250,000 euros ($389,800) in yearly costs before tax and is no longer reported as part of BinckBank's operations...
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Bharti-MTN set to close merger talks
MUMBAI: India's Bharti Airtel Limited and South African telecoms operator MTN Group are very close to completing their merger talks, reports said yesterday. Bharti is the leading mobile phone operato...