Business / World Business

Moody’s: Cyprus Economy To Grow 1.6% 13 Feb 2016 - 01:18 pm

-File Photo- Cypriots walk outside a Bank of Cyprus branch on the island's capital Nicosia, April 18, 2013. REUTERS/ANDREAS MANOLIS Nicosia: Moody’s Investors...

Greek banks won't need further recapitalisation, ECB's Nouy says 13 Feb 2016 - 11:04 am

Daniele Nouy, chair of the Supervisory Board of the European Central Bank, looks on during an event at Canary Wharf in London November...

China underground banks did $150 bln in transactions in 2015: Regulator 13 Feb 2016 - 08:33 am

BEIJING: Underground banks in China did more than 1 trillion yuan ($152 billion) in transactions last year and the government will step up...

Burberry faces U.S. lawsuit accusing it of deceptive price tags 13 Feb 2016 - 12:00 am

Visitors on an open-top tour bus drive past a Burberry store in central London, Britain July 15, 2015. REUTERS BY LI-MEI HOANG LONDON: ...

Germany’s Schaeuble to urge monetary policy changes at G20: media 13 Feb 2016 - 12:00 am

BERLIN: Germany’s Finance Minister Wolfgang Schaeuble will call for a turnaround in monetary policy when he meets with colleagues at the end of...

Uber gets another $200 mn for emerging markets push 12 Feb 2016 - 05:46 pm

Washington: Global ridesharing service Uber said Friday it had raised $200 million in additional funding to help its push into emerging markets. The...

VW says global sales climb, worsen in US 12 Feb 2016 - 05:20 pm

Berlin: German automaker Volkswagen said Friday global sales of all its brands rose by 3.7 percent in January compared to the same month...

IMF nominates Lagarde for second term 12 Feb 2016 - 01:54 am

IMF Managing Director Christine Lagarde in Davos. WASHINGTON: International Monetary Fund chief Christine Lagarde has been nominated to a second term as the...

Germany offers 500 mln euros in credits to Iraq 12 Feb 2016 - 12:00 am

German Chancellor Angela Merkel (L) and Iraqi Prime Minister Haider al-Abadi shake hands at a joint press conference after meeting at the Chancellery...

Iran’s windfall from nuclear deal cut in half by debts -U.S. official 12 Feb 2016 - 12:00 am

A view of a petrochemical complex in Assaluyeh seaport on Iran's Persian Gulf coast in this May 28, 2006 file photo. REUTERS By...

Lagarde is only candidate to head IMF: official 11 Feb 2016 - 05:53 pm

Christine Lagarde, Managing Director of the International Monetary Fund (IMF) attends the session "The Global Economic Outlook" during the annual meeting of the...

Yellen inspires fresh rout on global stock markets 11 Feb 2016 - 02:57 pm

US Federal Reserve Board Chair Janet Yellen testifies at the House Financial Services Committee in Washington February 10, 2016. (Reuters / Gary Cameron) ...

Indonesia unveils "big bang" for foreign investment, boldest move in 10 years 11 Feb 2016 - 01:58 pm

A customer of PT Mabua Harley-Davidson browses motorcycle spare parts during a clearance sale in Jakarta, Indonesia, February 10, 2016. Reuters/Beawiharta By Nicholas...

Dollar sinks in Asia as Fed boss dampens chance of rate hike 11 Feb 2016 - 09:17 am

Singapore: The dollar retreated across the board in Asia Thursday after comments from Federal Reserve boss Janet Yellen on the weak global economy...

Amazon executive to do stint with Italian government 11 Feb 2016 - 08:38 am

San Francisco: Online retail colossus Amazon on Wednesday said that one of its senior executives will take two years off to work for...

Mylan offers to buy Swedish pharma firm Meda for $9.9 bn 11 Feb 2016 - 07:49 am

New York: US pharmaceutical giant Mylan said Wednesday it has struck a $9.9 billon deal to buy Meda, capping two years of dogged...

Dovish Yellen gives big boost to yen 11 Feb 2016 - 07:45 am

New York: The Japanese yen pushed strongly higher Wednesday after a surprising warning by Federal Reserve Chair Janet Yellen over rising risks in...

Britain's Pinewood Studios owner could be sold 11 Feb 2016 - 12:00 am

Pinewood Studios gateway. Credit: Alexander Williams, Wikipedia London: The group which owns Britain's Pinewood Studios, where the James Bond films are made, could...