VW chief quits after failing  to oust CEO

FRANKFURT: Ferdinand Piech (pictured), a towering figure at Volkswagen for more than two de...

Deutsche to hive off Postbank in revamp

FRANKFURT: Deutsche Bank will cut back investment banking, sell its Postbank retail chain v...

Greece’s governors to lend cash to govt

Czech Republic’s Minister of Finance Andrej Babis (right) takes a “selfie&rdquo...

EU ministers back tax avoidance clampdown.

  Riga - European finance ministers on Saturday backed efforts to fight rampant tax...

Historic week for US stocks as Nasdaq breaks 15-year record

      New York--Fifteen years after its bubble exploded dramati...

Deutsche Bank to sell Postbank

Berlin--Germany's biggest lender Deutsche Bank announced Friday it was seeking to sel...

Dollar weakens as US data disappoints

  New York--The dollar extended its losses Friday on a run of weaker-than-expected US...

HSBC weighs moving headquarters to HK

A view of the London headquarters of HSBC. LONDON: HSBC, Europe’s biggest bank...

Shanghai motor show

A model checking the information of a Subaru car during the 16th Shanghai International Aut...

GDF Suez changes name to Engie.

Paris - French electricity and gas company GDF Suez announced Friday it was changing its ...

Big pharma mergers: Mylan boosts offer for Perrigo.

New York - Generic drug company Mylan increased its offer for over-the-counter giant Perr...

EU clears key hurdle to giant Lafarge, Holcim merger.

Brussels - The EU on Friday removed a key hurdle to the merger between French cement gian...

Greece carries out first privatisation under radical left government.

Athens - Greece's radical left government on Friday carried out its first privatisati...

Dollar pressured by disappointing US data

Tokyo - The dollar eased against the yen on Friday after weak data muddied the waters ove...

Car makers to profit from China's booming used market

Beijing - The vast majority of cars in the world's biggest auto market are purchased ...

Kia Motors Q1 net profit up 3.1 percent

Seoul - Kia Motors Corp., South Korea's second-largest automaker, said Friday its fir...

Honda unveils business jet

Tokyo: Honda yesterday unveiled its first private jet before it hits the market this summer...

Deutsche Bank fined $2.5bn over rigging

The twin towers of the headquarters of Deutsche Bank in Frankfurt, Germany, yesterday. ...

Greek PM meets Merkel to discuss cash deal

German Chancellor Angela Merkel (left) and Greek Prime Minister Alexis Tsipras prior to the...

10 years later, YouTube is a hit but faces challenges

Employees working at the Youtube headquarters in San Bruno, California.  Washin...

Carmakers rush to satisfy China’s growing demand for urban 4x4s

Shanghai: Car manufacturers are targeting the Chinese appetite for “crossover” ...