Chinese giant PC producer Lenovo has completed the $2.9b acquisition of the handset unit in the iconic mobile maker Motorola Mobility, fortifying its positions in the US and other developed…
World Economy
Asian markets rose Wednesday following strong gains on Wall Street, as traders awaited news from the US Federal Reserve about interest rate plans for the world’s largest economy, AFP reported.…
Small and well-run Singapore, New Zealand and Hong Kong are the world’s easiest places to run a business, while global giants China, Brazil and India remain far down the list, according to a World…
The US Federal Reserve is expected to announce the end of its quantitative easing (QE) program.
The Fed’s main policy making committee is meeting in Washington, where it is discussing…
Companies have been banking on 3D printers someday becoming an everyday household accessory, but XYZprinting just jetted it closer to reality. The Taiwanese company today announced that…
Norway’s sovereign wealth fund, the world’s largest, will increase its holdings “significantly” in India as Prime Minister Narendra Modi opens Asia’s third-largest economy to investments and…
Shell Midstream Partners LP, the pipeline company backed by Europe’s biggest oil company, raised $920 million in its initial public offering in the US, pricing shares above the…
Industrial & Commercial Bank of China Ltd. reported its biggest jump in bad loans since 2006 as the nation’s property market slumped and the economy cooled. Nonperforming loans rose 9…
Gold prices are slightly lower in subdued early US trading Wednesday. Most markets were generally quieter in overnight trading, Forbes reported. December Comex gold was last down $1.90 at $1,227.…
Britain is trying to build infrastructure to develop Islamic finance through regulations in insurance, sukuks, mortgages, taking it a step closer for it to become a western hub.
High energy costs in Germany are pushing businesses to move production abroad, with BASF, the world’s largest chemical company, announcing it won’t be expanding its business domestically, but…
Russia rose by 30 positions in a new Doing Business ranking of the World Bank (WB), taking the 62nd place. The WB rating assesses the comfort of doing business in 189 countries around the…
World stocks and US bond yields extended almost three weeks of steady gains on Tuesday, as markets prepared for the Federal Reserve to formally end six years of aggressive, crisis-driven monetary…
Russia’s Central Bank has launched a new financial tool known as currency repo, or repurchase agreement, that will provide up to $50 billion by the end of 2016. It is expected to support the…
The anticipated construction of energy plants in some of Turkey’s most important olive groves risks the loss of a valuable asset and a denting of the country’s competitive power as a leading olive…
The Middle East and North Africa region continues to experience lackluster growth for the fourth year in a row, the IMF said in its latest regional assessment.
The IMF’s Regional Economic…
The gap between China’s reported exports to Hong Kong and the territory’s imports from the mainland widened in September to the most this year, suggesting fake export-invoicing is again…
Thailand swung to a trade deficit of $1.798b in September, compared with a $1.14b surplus a month earlier, the Ministry of Commerce said Tuesday, Dow Jones reported. Based on raw customs data,…
The Swedish central bank has cut its main interest rate to zero in an attempt to combat deflation, BBC reported. The cut of 0.25% was bigger than analysts had expected, and led to a fall in the…
Lloyds Banking Group took another 900 million pound ($1.45b) charge to compensate customers for mis-sold loan insurance on Tuesday and unveiled plans to axe 9,000 jobs and about 150 branches to…
Preparing for the ASEAN Economic Community (AEC) will be the biggest challenge for Indonesia’s new foreign minister, Retno Marsudi, according to Nur Hassan Wirajuda who served as the country…
Japanese retail sales rose the most in four months, a sign the economy is shaking off a blow from a sales-tax increase in April as Prime Minister Shinzo Abe weighs another bump in the levy,…
A middle-aged salesman sat glumly among an array of shorts, khaki leisure suits bedecked with gold belts and dresses with plunging necklines in the ancient Damascus bazaar — luxuries few can…
Citigroup, Goldman Sachs, Morgan Stanley and JPMorgan Chase have joined the list of banking giants opting out of a major Australian coal export project, Rainforest Action Network activists say.
SoftBank announced that it is investing about $800 million in two different Indian companies in what looks to be the beginning of a massive 11-figure commitment to the country over the next few…
