It was in 1989, as communism was imploding across the world, that the Vietnamese foreign minister gave a press conference in which he discussed the most fatuous mistakes of his fellow revolutionary socialists.
... * Rising investment bank revenue eroded by legal charges. * Legal reserves at 4.8 bln euros, contingent liabilities up. * Details of strategy shift due on Monday, April 27 (Adds contingent liabilities from statement, detail, background on restructuring).
Businesses, like individuals, like to cloak their motives in high-sounding ideals. So when HSBC revealed last week it was considering whether to move its domicile from the UK to another jurisdiction, the bank was at pains to stress it was not doing so simply to ...
Shell is expected to report this week that the weak oil price wiped two-thirds off its earnings in the first three months of the year.
This column starts with an apology. The last time I wrote about Tesco, I promised it would be the last. After analysing Horsegate, dodgy accounting practices and repeated sets of poor financial results, it really felt like time to move on.