Allergan Inc is close to a buyout deal worth up to $65.5b by Actavis Plc, one that could end months of pursuit by Canada’s Valeant Pharmaceuticals and William Ackman’s hedge fund, Pershing…
World Economy
Vietnam’s Consumer Confidence Index jumped three points to 102, the highest level since late 2010, according to the assessment of Q3, 2014 by Nielsen Global Survey of Consumer Confidence and…
Thailand is heading for a second straight year of slumping exports, something the onetime tiger economy hasn’t experienced in at least two decades and a loss that magnifies challenges for the…
Japan’s Toray Industries said it will be the sole supplier of carbon fiber for Boeing Co’s 777X passenger jet in addition to the 787 Dreamliner and expects orders to exceed $8.6 billion…
Australia hailed a free-trade agreement with China that it says provides unparalleled access to the services market of the world’s second-largest economy.
A new global financial crisis is looming, warned David Cameron, Britain’s prime minister.
“Six years on from the financial crash that brought the world to its knees, red warning lights are…
Managing Director of the International Monetary Fund (IMF) Christine Lagarde said that her organization would closely monitor the G20 leaders ‘ commitments to economic growth, Xinhua reported.
Hungary’s GDP was up by 3.2% in the third quarter of 2014 compared to the same period of 2013, the Hungarian Central Statistics Office’s preliminary estimate, Xinhua said. The increase was…
Britain leaving the European Union would be a “disaster” for both it and the 28-nation bloc, Italian Prime Minister Matteo Renzi said on Sunday.
British Prime Minister David Cameron has…
Squeezed research and development (R&D) budgets in the EU, Japan and US are reducing the weight of advanced economies in science and technology research, patent applications and scientific…
Construction firm Arabtec dragged down Dubai’s bourse on Sunday after missing third-quarter profit estimates, while Saudi Arabian Mining Co (Ma’aden) weighed on the kingdom’s market ahead of a…
OPEC will keep its production ceiling steady at its “toughest ever” meeting this month, a former adviser to oil kingpin Saudi Arabia said as global crude prices hit a four-year low.
The 12-…
The global economy should be growing at a much faster pace, the chief economist of the Organization for Economic Cooperation and Development (OECD) warned on Sunday, as world leaders agreed on…
As large parts of Europe’s economy grind almost to a halt, attention will focus this week on the latest assessments of business confidence in the eurozone and Germany,…
The US Energy Department said that it will grant $425 million to research and build two supercomputers, to compete with that of China, that will be the fastest in the world.
The government’…
New European Commission President Jean-Claude Juncker is preparing a 300 billion euro ($375b) investment plan, due to be unveiled before Christmas, as a cornerstone of efforts to revive an ailing…
David Cameron has pledged to put “rocket boosters” behind plans for an EU-US free trade deal. The UK prime minister said EU and US leaders had met and all agreed the Transatlantic Trade and…
The sanctions imposed against Russian banks will finally have a negative impact on Germany, President Vladimir Putin said in an interview with the German TV Channel ARD on Saturday. “You know, if…
The European Commission has given the green light for United Arab Emirates’ Etihad to buy a large stake of Italy’s ailing Alitalia, DW reported. The latter said it expected a sizeable cash…
Larger displays, higher ingress protection and an increasing interest for Android are among the top trends that will drive the mobile computing scene in 2015, predicts Jerker Hellstrom, CEO of…
Investors from China and Japan have been aggressively tapping the South Korean financial market, industry data showed Sunday, helped by China’s recent policy to globalize its financial sector and…
India’s wholesale inflation cooled to a fresh five-year low as fuel and food prices fell, firing hopes the hawkish central bank could finally start cutting interest rates and spur stumbling…
G20 leaders representing the bulk of the world's economy on Sunday committed to reform measures to lift their collective growth by an extra 2.1 percent by 2018, despite evidence of a slowdown in…
Standard & Poor’s Ratings Services affirmed its ‘B-/B’ long- and short-term foreign and local currency sovereign credit ratings on the Arab Republic of Egypt. The outlook is stable.
Taiwan’s economy is said to be entering a “mediocrity era” with an economic growth rate below 3.9%, and an average annual export growth of only 2.9% from 2011 to 2020, Xinhua reported.
