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The Wall Street Journal reported on Tuesday that Yahoo’s board will meet several times this week, during which the company’s directors will consider whether to sell Yahoo’s lucrative stake in Alibaba, the company’s core Internet business, or both. These...

The minutes of the Bank’s latest policy meeting showed it was in no hurry to match an expected rate hike by the U.S. Federal Reserve next week as there was “no mechanical link” between the Bank’s thinking and that of other central banks.

In January, when Yahoo announced plans to spin off its $31 billion stake in Chinese e-commerce giant Alibaba, there was talk of how it would liberate Yahoo to focus on its core business.

Rather than spin off the Alibaba stake into a new group, Yahoo will package its core business and stake in Yahoo!

As expected, the MPC voted by eight votes to one to leave rates unchanged and by nine votes to nil to maintain its money-printing programme at its current level. Another $26 billion in six-month bills was auctioned at a discount rate of 0.535 per cent, up from 0.415 per cent last week.

Officials added that there would have to be a sustained firming in the domestic cost pressures to push inflation up to the target of 2%.

Lower prices for American goods exported overseas are pressuring profit margins for corporations. The reports did not change views the Federal Reserve will raise interest rates next Wednesday for the first time in almost a decade. The four-week moving average of claims,...

South Africa’s currency fell close to a record low against the dollar on Thursday morning as the markets were digesting the news.

“Even writing off such a huge debt by the Congress Party can legitimately attract allegations of cheating, fraud, etc”.

It essentially combines a checkout payment system with app functionality, which allows customers to also locate items in-store or pick up items they have reserved. The retailer is hoping that its customers will embrace the mobile payment system more than consumers have flocked to...

Overall, retail sales edged up 0.1 per cent, having been weighed down by falling automobile sales and cheaper gasoline.

US stocks fell in a choppy session Tuesday as lower oil prices pressured energy stocks for a fifth day and weak Chinese trade data reignited fears of a global slowdown. All three major indexes were moving higher within a tight range a few minutes after the opening bell. S&P...

The bank suggested in its quarterly inflation report last month that a rise may be a year away.

OPEC failed to agree on an official output quota last week, leaving production near record highs despite the massive global glut that is keeping oil prices low.

And with eight out of nine members of the Bank’s Monetary Policy Committee (MPC) voting to hold again in December, change is not expected any time soon.