Indian Oil Producer Bids for British Rivalmore similar news »
The acquisition of Imperial Energy by ONGC is the second Indian takeover of a British company in as many days, and reflects a phenomenon sometimes referred to as “the Empire strikes back.”
More Weakness Expected Among Banksmore similar news »
The Federal Deposit Insurance Corporation warned that the nation’s ailing banking industry was likely to weaken further and it raised the number of “problem” lenders to 117, up from 90 in March.
New Fears of a Downturn in Germanymore similar news »
The odds of a mild recession in Germany rose significantly Tuesday, as data showed the outlook for business had plunged to its lowest level since a downturn in 1993.