The maker of the addictive mobile game Candy Crush hopes to raise as much as $532.8 million in a New York IPO that would value the company at up to $7.6 billion.
King Digital Entertainment, the British developer behind the hit game, filed new documents on its much-awaited initial public offering that showed plans to sell 22.2 million shares at between $21 and $24 a share.Full Story
New Zealand on Thursday became first advanced economy to raise interest rates since 2012, ending a three-year freeze imposed after the devastating Christchurch earthquake.
In a widely anticipated move, the Reserve Bank of New Zealand lifted the official cash rate (OCR) 0.25 points to 2.75 percent and said it planned more hikes in an economy that was growing with "considerable momentum".Full Story
The United States, with its abundant supplies of natural gas, would seem to have an easy answer to Europe's fears that a strong response to Russia's rapid takeover of Ukraine's Crimea region could prompt Vladimir Putin to shut down gas lines that keep European homes warm, factories humming and electricity flowing.
Trouble is: Right now there's no way to get meaningful American supplies across the Atlantic Ocean.Full Story
Thailand reduced its official interest rate to the lowest level in three years on Wednesday to boost the economy in the face of a protracted political crisis.
The Bank of Thailand lowered its policy rate by 0.25 percentage points, to 2.00 percent -- a level last seen in January 2011.Full Story
Spanish consumer prices crept barely higher in February, official data showed Wednesday, as deflationary concerns dogged sluggish eurozone economies.
Prices climbed at an annual rate of just 0.1 percent in February after edging up by 0.3 percent in January, according to Spain's National Statistics Institute.Full Story
Indian budget airline SpiceJet has placed an order for 42 Boeing 737 MAX planes in a deal worth $4.4 billion, the companies announced in a joint statement on Wednesday.
Delivery of the single-aisle planes will begin from 2017 as the cash-strapped SpiceJet seeks to win new customers in the vast but fiercely competitive Indian market.Full Story
Media and entertainment giant Disney is in talks to buy Maker Studios, one of the largest content providers for online video sharing website YouTube, a report said Tuesday.
Specialist website Re/code cited "people familiar with the negotiations" and said the transaction would value Maker Studios at $500 million or more.Full Story
Switzerland, which led a push to block assets of ousted Ukrainian leader Viktor Yanukovych and others, has frozen the holdings of nine more individuals including one of his sons.
Swiss authorities, which last month ordered a freeze on the assets of Yanukovych, his coal magnate son Oleksandr and 18 other Ukrainians, published an order late on Monday extending their net.Full Story
EU finance ministers met on Tuesday to find a compromise with the European Parliament on how to wind up failing banks before they can damage the wider economy.
Ministers going into the talks voiced cautious optimism that some progress on 'banking union' was being made but stressed the need to get an agreement they can put before MEPs who oppose the current plans.Full Story
The collapse of Japan's Mt. Gox bitcoin exchange is spilling into U.S. bankruptcy court as the company scrambles for legal cover after losing digital currency valued at $473 million.
Mt. Gox's bankruptcy filing in Dallas late Sunday supplements a similar petition made in Japan late last month following the exchange's abrupt closure. The U.S. case is being brought under Chapter 15 of the country's bankruptcy code, which provides a haven for foreign companies seeking to reorganize their finances.Full Story