More Top Stories in Business

Rolling Stone Sells 49% Stake to Singapore Businessman

In a bid to rejuvenate itself in the digital era, the once iconic, pop culture magazine Rolling Stone has sold a 49% stake to a Singapore-based startup company, BandLab. The deal was announced over the weekend by Wenner Media, Rolling Stone’s parent company. Valuation and terms of the deal were ...

Yahoo! Finance · 2 hours ago

Most U.K. CEOs Say They Would Consider Moving After Brexit

The U.K.’s vote to leave the European Union has left more than three-quarters of chief executive officers saying they would consider moving their headquarters or operations outside Britain, according to a survey of 100 business leaders by the accountancy firm KPMG. Some 72 percent of the CEOs ...

Bloomberg · 3 hours ago

BOJ's Kuroda sees no big rise or fall in bond buying for now

By Leika Kihara OSAKA (Reuters) - The pace at which the Bank of Japan buys bonds will depend on what is needed to achieve its yield curve target but no big increases or decreases were expected for now, Governor Haruhiko Kuroda said on Monday, dampening speculation that the BOJ was considering ...

Yahoo! Finance · 1 hour ago

German business confidence soars as Brexit fears 'disappear'

Frankfurt (AFP) - German business confidence soared to its highest level in more than two years in September, the Ifo economic institute said Monday, recovering from a post-Brexit slump and signalling a rosier outlook for Europe's largest economy. The closely-watched index unexpectedly jumped to ...

Yahoo! Finance · 58 minutes ago

Aldi discounts Brexit impact, ramps up UK expansion

London (AFP) - The British division of Aldi is ramping up plans for expansion, unaffected by the shock Brexit referendum, as the German discount retailer enjoys booming demand. Aldi UK announced on Monday that it will invest £300 million ($389 million, 346 million euros) to revamp its stores over ...

Yahoo! Finance · 1 hour ago

Managerial militia in Dick Smith war zone

Any remaining veneer of a collegiate-like board and management at Dick Smith during the past 18 months of its corporate life has been revealed as a myth. It sounds more like a factional war zone. The NSW Supreme Court heard on Monday that the chairman, Rob Murray, saw departure of former director ...

Canberra Times · 56 minutes ago

Round 2 of Canadian auto talks start today between Unifor and Fiat-Chrysler

TORONTO – Fiat-Chrysler goes on the hot seat today as it sits down to negotiate a new contract with its Canadian unionized workforce. The start of talks follows on the heels of workers at General Motors accepting a new contract. Unifor, which represents workers at the Detroit Three in Canada, ...

Canadian Business Magazine · 3 hours ago

Gold slips on firm dollar; market focuses on U.S. debate outcome

By Swati Verma (Reuters) - Gold prices edged lower on Monday as the dollar firmed, though the market is focused on the outcome of the U.S. presidential debate later on Monday that could see investors buying more of the metal as a hedge against financial uncertainty. Spot gold was down 0.3 percent to ...

Yahoo! Finance · 3 hours ago

Aldi to invest £300m in stores after record sales rise

The British arm of Aldi has said it will invest £300 million in its stores after posting a 12% increase in sales to a record £7.7 billion in 2015. The money will be used to refurbish the store's fixtures for beers, wines and spirits and fresh produce, as well as a new "food to go" feature. More ... · 3 hours ago

What China Hopes to Accomplish with Its New $52.5 Billion Fund

China has launched a 350 billion yuan ($52.5 billion) restructuring fund as the government pushes ‘supply-side’ reforms that have included mergers of inefficient state enterprises and laying off workers in struggling sectors such as coal and steel. The China State-owned Enterprises Restructuring ...

Fortune · 56 minutes ago