Business / World Business

Yahoo set to drop spinoff of Alibaba stake: report 09 Dec 2015 - 08:42 am

San Francisco: Yahoo has abandoned plans to spin off its large stake in Chinese online giant Alibaba, CNBC television reported Tuesday, citing unnamed...

Pakistan to privatise national airline by next year: govt 08 Dec 2015 - 03:58 pm

Karachi: Pakistan will privatise its national carrier by next July, a minister said Tuesday, following years of crushing losses and mismanagement that have...

Feel-good figures belied Japan's phantom recession 08 Dec 2015 - 11:06 am

A man walks past an advertisement of a luxury men's fashion boutique in the Ginza shopping district in Tokyo, Japan, December 8, 2015....

Japan revises GDP to annual 1.0 PCT growth in Q3 08 Dec 2015 - 10:02 am

Tokyo: The Japanese government on Tuesday revised its assessment on the world's third largest economy's growth in the third quarter of this year...

Oil market languishes under $40 a barrel 08 Dec 2015 - 12:49 am

London: Oil prices tumbled yesterday with Brent crude diving to the lowest point for almost seven years, as the market was plagued by...

Oil prices sink near seven-year lows on OPEC decision 08 Dec 2015 - 12:00 am

New York: Oil prices finished at their lowest levels since February 2009 on Monday as markets continue to reel from OPEC's refusal last...

China FX reserves plung to lowest level since Feb 2013 07 Dec 2015 - 01:53 pm

Investors look at computer screens showing stock information at a brokerage house in Fuyang, Anhui province,China. File photo/ REUTERS BEIJING: China’s foreign exchange...

China's foreign reserves at nearly three-year low 07 Dec 2015 - 01:22 pm

Beijing: China's foreign exchange reserves fell to their lowest level in nearly three years in November, official data showed Monday, with analysts blaming...

Toshiba shareholders sue in Tokyo for $2.45 million after stock plunge 07 Dec 2015 - 08:46 am

By Makiko Yamazaki TOKYO:Fifty individual shareholders of Toshiba Corp sued the Japanese conglomerate in Tokyo on Monday, seeking 301.99 million yen ($2.45 million)...

Yahoo board in final talks on future of company 06 Dec 2015 - 08:45 am

By Deborah M. Todd SAN FRANCISCO (Reuters) - Yahoo Inc's board of directors on Friday is in the third and final day of...

Greece passes 'tough' austerity-extending 2016 budget 06 Dec 2015 - 07:52 am

Greek finance minister Euclid Tsakalotos delivers a speech during a parliamentary session in Athens on December 5, 2015 Greek lawmakers are expected to...

French tycoon Tapie says is 'ruined' by Adidas verdict 04 Dec 2015 - 06:13 pm

Paris: French tycoon Bernard Tapie claimed Friday he was "ruined" after being ordered to repay more than 400 million euros ($430 million) he...

'Typo' raises reduced MTN fine by $500 million: regulator 04 Dec 2015 - 05:31 pm

Johannesburg: South African telecoms giant MTN has had its reduced fine for failing to disconnect unregistered users in Nigeria increased by $500 million...

Fiat Chrysler shareholders green light Ferrari spin-off 03 Dec 2015 - 06:27 pm

Rome: Fiat Chrysler shareholders Thursday approved the spin-off of the group's sports and racing car unit Ferrari which is expected to take place...

ECB cuts key rate, primes anti-deflation guns 03 Dec 2015 - 06:13 pm

European Central Bank president Mario Draghi addresses a news conference at the ECB headquarters in Frankfurt, Germany, December 3, 2015. Frankfurt: The European...

EU to investigate McDonald’s tax deals with Luxembourg 03 Dec 2015 - 03:12 pm

By Foo Yun Chee BRUSSELS: EU antitrust regulators will investigate McDonald’s tax deals with Luxembourg which enabled the US fastfood chain to escape...

China's Spring Airlines to buy 60 Airbus planes in $6.3 bn deal 03 Dec 2015 - 12:26 pm

Shanghai: Chinese budget carrier Spring Airlines said Thursday it plans to buy 60 Airbus aircraft from the A320 single-aisle jetliner family, in a...