Business / World Business

China tycoon Wang considers delisting Wanda unit 31 Mar 2016 - 09:19 am

Wang Jianlin, chairman of Wanda Group, seen at the China Brand Forum in Beijing in this 2015 file photo. AFP Hong Kong: China's...

Saudi Aramco says Jafurah unconventional gas promising 31 Mar 2016 - 12:00 am

AL-AHSA, Saudi Arabia: Saudi Aramco is assessing the unconventional Jafurah gas basin which it says is promising, its CEO said on Wednesday as...

Apple at 40: stronger than ever as trend-setter 30 Mar 2016 - 05:33 pm

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July...

Fastjet says not in breach of brand deal with Haji-Ioannou 30 Mar 2016 - 05:26 pm

Fastjet Plc denied allegations made by shareholder Stelios Haji-Ioannou that the African budget airline had breached its brand licence deal with his easyGroup...

Tata Steel sparks outcry over crisis-hit sector 30 Mar 2016 - 04:21 pm

A picture shows part of the Tata Steel steel plant at Port Talbot, south Wales, on March 30, 2016. Indian steel giant Tata...

Companies in US add 200,000 jobs in March: ADP 30 Mar 2016 - 03:45 pm

Washington: Companies in the United States continued to add a solid number of jobs in March, increasing payrolls by 200,000 as the labor...

India sets rules for foreign investment in e-commerce sites 30 Mar 2016 - 03:25 pm

New Delhi: India has set rules for foreign investment in online marketplaces, allowing up to 100 percent overseas ownership and providing much-needed clarity...

Bundesbank concerned about negative interest rates for savers 30 Mar 2016 - 02:52 pm

Frankfurt: The German central bank, or Bundesbank, is worried that private savers may soon face negative interest rates on their bank accounts, board...

Alstom shares rise on outlook as UK chief quits over corruption probe 30 Mar 2016 - 02:17 pm

Paris: Shares in French transport giant Alstom powered higher on Wednesday on an upbeat growth outlook just as its UK chief stepped down...

Taiwan's Hon Hai seals Sharp takeover for $3.5 bn 30 Mar 2016 - 11:50 am

Hon Hai's Vice President Tai Jeng-wu speaks during a news conference to announce the company's agreement to acquire Sharp Corp in Taipei, Taiwan...

Blow for British steel industry as Tata to sell plants 30 Mar 2016 - 11:27 am

A picture taken on October 17, 2015 shows the Tata Steel plant in Scunthorpe, northeast England. AFP / LINDSEY PARNABY London: Indian steel...

China startup `Little Red Book' said to be valued at $1 billion 30 Mar 2016 - 10:52 am

By Lulu Yilun Chen and Shai Oster The “Little Red Book” has become a symbol of capitalist success in Communist China. E-commerce startup...

German retail giant Metro to split businesses into two listed entities 30 Mar 2016 - 10:21 am

File picture of Metro in St Petersburg. Wikipedia Frankfurt: German retail giant Metro announced Wednesday that it will spin off its different businesses...

Takata plunges 20% on 'worst case' airbag recall costs $24 bn: Bloomberg 30 Mar 2016 - 10:18 am

In February, an independent panel advised Takata to improve management oversight and automation to help move past the crisis (AFP Photo/Kazuhiro Nogi) Tokyo:...

China overcapacity darkens Asia's 2016 growth prospects: ADB 30 Mar 2016 - 10:18 am

Beijing: Huge industrial overcapacity in China will drag on both the country's and the region's growth this year, the Asian Development Bank said...

Finland hopes for new growth from shrunken forest industry 30 Mar 2016 - 09:54 am

A maintenance truck seen at UPM-Kymmene's biofuel plant in Lappeenranta, Finland, March 9, 2016. REUTERS/JUSSI ROSENDAHL BY JUSSI ROSENDAHL LAPPEENRANTA: It has created...

Spotify raises $1 bln in funding: report 30 Mar 2016 - 09:52 am

Washington: Music streaming giant Spotify has raised $1.0 billion in convertible debt from investors, with strict conditions, the Wall Street Journal reported late...