Business / World Business

OECD urges world leaders to tackle flagging growth 18 Feb 2016 - 12:58 pm

People walk past the New York Stock Exchange in the Manhattan borough of New York, September 21, 2015. REUTERS/CARLO ALLEGRI By Michel Rose...

Vietnam's VietJet signs $3.04 bn deal with Pratt & Whitney 18 Feb 2016 - 09:49 am

Singapore: Vietnamese budget carrier VietJet Air said Thursday it had signed a $3.04 billion deal with US engine maker Pratt & Whitney, underscoring...

Mexico cuts budget, raises interest rate 18 Feb 2016 - 08:09 am

Pemex posted losses of $10.2 billion in the third quarter of 2015 (AFP Photo/Omar Torres) Mexico City: Mexico's government announced budget cuts of...

Russia sues Ukraine in London over unpaid $3bn debt claim 17 Feb 2016 - 06:58 pm

Russia's Finance Minister Anton Siluanov speaks at a forum in Moscow, January 14, 2015. Reuters, Sergei Karpukhin Moscow: Russia has filed a lawsuit...

Canadian aircraft builder Bombardier cuts 7,000 jobs 17 Feb 2016 - 06:42 pm

Bombardier's CS300 Aircraft, showing its' Pratt & Whitney engine in the foreground, sits in the hangar prior to its' test flight in Mirabel...

US home building slows in January 17 Feb 2016 - 05:19 pm

Washington: New construction of US homes fell for the second straight month in January, sagging to an eight-month low, official data released Wednesday...

Iranian banks reconnected to global payments network 17 Feb 2016 - 03:34 pm

Iranian men queue at an ATM machine in Tehran on January 23, 2012. AFP /Atta Kenare) DUBAI: Global transaction network SWIFT has reconnected...

Airbus, Boeing win billion-dollar deals at Asia air expo 17 Feb 2016 - 01:43 pm

An Airbus A380, the world's largest jetliner, participates in a flying display during the 51st Paris Air Show at Le Bourget airport near...

Boeing wins $1.3 bn buy commitment from China's Okay Airways 17 Feb 2016 - 11:12 am

Wang ShuSheng (R), chairman of Okay Airways, and Ray Conner, president and CEO of Boeingcommercial airplanes, pose after signing an agreement during the...

Airbus wins $1.85 billion order from Philippine Airlines 17 Feb 2016 - 11:05 am

Airbus President and Chief Executive Officer (CEO) Fabrice Bregier (2nd R) poses with Philippines Airlines Chairman Lucio Tan (2nd L) after a signing...

Lost in translation: Wal-Mart stumbles hard in Brazil (Insight) 17 Feb 2016 - 09:28 am

A man talks on his mobile phone in front of a Wal-Mart store in Sao Paulo, Brazil, February 16, 2016. Reuters/Nacho Doc By...

Nigeria struggles as Buhari wrangles with budget, naira 17 Feb 2016 - 08:28 am

Lagos: When Nigerian President Muhammadu Buhari finally swore in his cabinet in November, nearly six months after taking office, he hoped to shake...

Argentina reaches deal to settle eurobond claims 17 Feb 2016 - 08:09 am

Mediator Daniel Pollack, pictured on February 5, 2016, announced that Argentina reached a deal in principle with the "Brecher Class" of "holdout" creditors...

US tech shares rally as oil falls on 'freeze' deal 17 Feb 2016 - 07:50 am

New York: A rally in beaten-down technology shares lifted US stocks Tuesday as the oil market gave a lackluster response to a conditional...

Venezuela opposition seeks end to state control of food firms 17 Feb 2016 - 07:40 am

Workers load packages of corn flour in Maracay, Venezuela on October 27, 2015 (AFP Photo/Federico Parra) Caracas: Venezuelan opposition deputies vowed Tuesday to...

Oil prices fall as conditional 'freeze' deal disappoints 17 Feb 2016 - 12:00 am

Oil prices have tumbled about 70 percent since June 2014, hit by oversupply, sluggish demand and worries about the global economic outlook.AFP, Andy...

Alibaba buys nearly 33 million shares of Groupon 16 Feb 2016 - 06:59 pm

Alibaba has bought nearly 33 million shares of online daily deal service Groupon. Groupon's stock opened higher, up as much as 35 percent...