Business

Asian shares tick up cautiously as China data looms

(Reuters) – Asian shares cautiously rebounded from two-week lows on Thursday though investors were in no mood to embrace risk ahead of a batch of Chinese data that may offer clues about the extent of its economic slowdown. A standoff…

Mexico telecoms regulator reins in Slim and his empire

    (Reuters) – Mexico’s telecommunications watchdog on Friday slapped regulations on Carlos Slim’s telephone company America Movil and two of his financial and industrial companies, as it seeks to rein in the multi-billionaire and boost competition. Mexico is trying…

Prices remain stable in January February

According to Department of Trade and Industry Undersecretary Victorio Mario Dimaguiba, prices of basic goods remained stable for the months of January and February, with the price of cement even going down in the latter part of February.

Cerberus Capital to buy Safeway for about $9.4 billion

Thu Mar 6, 2014 5:51pm EST (Reuters) – Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion. The offer price of…

Obama plans $ 3.9 trillion budget for 2015

WASHINGTON, March 5 (PNA/Xinhua) — U.S. President Barack Obama has planned US$ 3.9 trillion of budget for the 2015 fiscal year, which will be used to fund infrastructure upgrading, education and other social programs, according to the budget plan posted…