Russian PM Medvedev says talk of closed economy inappropriate
SOCHI Russia (Reuters) - Talk of making Russia a closed economy is inappropriate, and Russia intends to stick to basic principles of macroeconomic policy, Russian Prime Minister Dmitry Medvedev said on Friday. "Any discussions about fundamental changes to the model of economic development, in the direction of a mobilisational or closed economy, are inappropriate and unnecessary," he told an business conference in the Black Sea resort of Sochi. (Reporting by Darya Korsunskaya and Katya Golubkova; Writing by Jason Bush; Editing by Lidia Kelly)
Scottish 'no' vote best outcome for Europe: Spanish PM
MADRID (Reuters) - Spanish Prime Minister Mariano Rajoy on Friday welcomed Scotland's rejection of independence after a referendum on staying within the United Kingdom, saying it was the best outcome for Europe. "The Scottish have avoided serious economic, social, institutional and political consequences," Rajoy said in a video message posted on the government's website on Friday. "They have chosen the most favourable option for everyone; for themselves, for all of Britain and for the rest of Europe. ...
UK to make changes after Scotland vote keeps union
LONDON (AP) — Voters in Scotland have rejected independence, but leaders of Britain's three largest parties have promised Scots more autonomy than they have won so far. Prime Minister David Cameron said Friday he also wants to give England, Wales and Northern Ireland greater independence from central government. Here's a look at how things might change.
Yahoo options popular ahead of Alibaba IPO
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Alibaba Group Holding Ltd's shares do not begin trading until Friday, so investors hungry for a bite of the Chinese e-commerce giant have turned their attention to Yahoo Inc's options in recent days. The volume of options trading in Yahoo - which has a big stake in Alibaba - has risen steadily over the last month. On Thursday, a day before Alibaba's debut on the New York Stock Exchange, options trading peaked with more than 929,000 contracts changing hands. ...
Alibaba IPO prices at top of range, raising $21.8 billion
By Liana B. Baker, Jessica Toonkel and Deepa Seetharaman (Reuters) - Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut. At that price, the IPO, one of the largest-ever, would give Alibaba a market valuation of $167.6 billion, surpassing American corporate icons from Walt Disney Co to Boeing Co . The offering also vaults it atop U.S. ...