World Economy

BP Plc, which already has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, seeks to get a $750 million chunk of that back by convincing a Texas court that a missing…

Investments to help fight climate change can also spur economic growth, rather than slow it as widely feared, but time is running short for a trillion-dollar shift to transform cities and energy…

Britain’s banks have been quietly moving millions of banknotes north of the border to cope with any surge in demand by Scots to withdraw cash in the event of a Yes vote in Thursday’s independence…

Wheat climbed on speculation that a decline below $5 a bushel for the first time since 2010 may spur buying. Corn and soybeans also increased.

The contract for December delivery rose as…

 The Dutch government is presenting a budget for 2015 that for the first time in years will be focused less on ‘austerity’ and more on security in light of international conflicts, AP said.…

 Russia’s currency dropped to an all-time low against the dollar on Tuesday as investors fret about long-term economic damage from Western sanctions, AP reported. The Russian currency fell…

Microsoft has bought Mojang, the Swedish firm behind the popular video game Minecraft, for $2.5b. The title, which has sold over 54 million copies, allows players to build structures with retro…

Taiwan and China have restarted talks on adding further goods tariff reductions to their economic cooperation framework agreement (ECFA), despite the long-running dispute over the cross-strait…

Japan’s Mitsubishi Motors Corp will invest $600 million to set up its first multi-purpose vehicle (MPV) factory in Indonesia, aiming to capitalize on strong demand for the segment in the country…

The market economy group OECD has downgraded its growth forecast for most big economies. Conflicts in Ukraine and the Middle East and the referendum on an independent Scotland are areas of risk…

Confidence among Scotland’s small businesses has fallen in the past three months, while it has soared to a record high in the rest of the UK.

“We need to understand if this fall is a one-…

 TRW Automotive, one of the largest safety parts makers, said that it agreed to be acquired by the German auto parts maker ZF Friedrichshafen in a deal that valued the company at $13.5…

The parliaments of the EU and Ukraine on Tuesday ratified landmark association and free trade agreements following the decision by lawmakers in Kiev to grant more power for the eastern…

Saudi investors own 74 percent of shares in 14 industrial projects jointly invested by Australian businessmen in the kingdom while 20 percent of shares go to the Australian investors, Saudi envoy…

Aker Oilfield Services, a Norwegian provider of oilfield products, systems and services to the oil and gas industry, has agreed a $465 million contract for installing and maintaining equipment on…

A stuttering recovery in the US and the continued fragility of the euro zone means that risk assets are “mispriced,” the Organization for Economic Cooperation and Development warned on Monday,…

Mario Draghi’s 3 trillion-euro ($3.9 trillion) ambition could be a stretch to achieve. New stimulus measures ranging from long-term loans to asset purchases probably aren’t enough to expand the…

Russian President Vladimir Putin will hold a meeting of the State Council to discuss domestic business development as part of Russia’s membership in the World Trade Organization (WTO), according…

South Korean steelmaker Posco is considering selling part of a stake in construction unit Posco Engineering & Construction to an unidentified Saudi Arabian fund in a deal worth nearly 1…

European equities fell in early trading on Monday after disappointing macroeconomic data from China raised concerns about the pace of economic growth in the world’s second-biggest economy.

Russia is set to become the latest country to restrict virtual currencies such as Bitcoin. Deputy Finance Minister Aleksey Moiseev told journalists in Moscow that a law will be passed banning…

Russia announced plans to finance new railway tracks that bypass Ukraine. The project was listed in budget plans for spending in 2015, World Bulletin reported. Finance Minister Anton Siluanov…

New Zealand’s services sector continued its robust expansion last month with employment in the sector at its highest level in seven years, according to the latest performance of services index (…

Turkiye Finans Bank, the best Turkish Islamic Bank, has announced plans to expand its operations and establish in Bahrain.  It would be its first overseas foray and a welcome addition to the…

Nissan boss Carlos Ghosn is preparing to cut battery manufacturing, people familiar with the matter said, in a new reversal on electric cars that has reopened deep divisions with alliance partner…