Business / World Business

Glencore puts Australian, Chile mines up for sale 12 Oct 2015 - 01:45 pm

ZURICH: Mining giant Glencore, under pressure from a crash in commodity prices and weighed down by debt, announced Monday it had begun talks...

World finance leaders upbeat on China, may be ignoring risks 10 Oct 2015 - 12:00 am

Christine Lagarde and George Osborne. File photo. By David Chance LIMA: Global finance leaders believe China will weather its slowing growth and manage...

European shares rise as car makers rally 09 Oct 2015 - 12:00 am

By Danilo Masoni MILAN: European shares closed higher on Thursday as auto stocks gained, but investors remained wary about the global economic outlook...

Volkswagen's US boss blames "individuals" for cheating 09 Oct 2015 - 12:00 am

By Andreas Cremer and David Morgan BERLIN/WASHINGTON: Volkswagen's rigging of diesel emissions tests was not a company decision but the result of actions...

Russia's Gazprom delays pipeline project amid Turkey tensions 07 Oct 2015 - 06:20 pm

MOSCOW: Russian gas giant Gazprom said Wednesday its TurkStream pipeline project with Turkey would be delayed as tensions between Moscow and Ankara peak...

Head of UK fund industry trade body quits abruptly 07 Oct 2015 - 02:20 pm

By Simon Jessop and Carolyn Cohn LONDON: The head of Britain's fund industry trade body quit his job on Wednesday following reports that...

VW recall to start in January, be completed end-2016: CEO 07 Oct 2015 - 12:23 pm

New Volkswagen CEO Matthias Mueller BERLIN: Volkswagen Chief Executive Matthias Mueller said in an interview with a German newspaper that the company would...

Gold gains on softer dollar, views on Fed rate outlook 06 Oct 2015 - 03:35 pm

By Clara Denina LONDON: Gold continued to gain on Tuesday as the dollar eased in the wake of disappointing US economic data that...

Changes won't be painless: New VW CEO tells staff 06 Oct 2015 - 02:02 pm

WOLFSBURG, Germany: New Volkswagen Chief Executive Matthias Mueller warned staff at a meeting on Tuesday that changes at the company would not be...

US motorists opt for larger vehicles, lower fuel economy 05 Oct 2015 - 06:21 pm

By John Kemp LONDON: U.S. motorists are opting for larger, more powerful cars with worse fuel economy in response to the sharp drop...

China appetite for pricey contemporary art 'suddenly evaporates' 05 Oct 2015 - 05:51 pm

Representational image PARIS: A cooling national economy has apparently decimated China's appetite for high-priced contemporary art, according to the latest figures from Artprice,...

European equities rebound on receding rate fears 05 Oct 2015 - 05:02 pm

LONDON: European stock markets rebounded strongly Monday, after hefty gains elsewhere, as weak US data fuelled talk the US Federal Reserve would not...

World Bank sees Ukraine rebounding 05 Oct 2015 - 04:52 pm

Caption KIEV: The World Bank on Monday said it expected crisis-torn Ukraine's imploding economy to start recovering later this year and reach 1.0...

Rolls-Royce to cut more staff at its marine unit 05 Oct 2015 - 04:43 pm

By Sarah Young LONDON: Britain's Rolls-Royce said it would cut an additional 400 staff from its marine business by the end of next...

Air France threatens job cuts triggering 'violent' protest 05 Oct 2015 - 02:07 pm

Employees of Air France shout slogans and hold placard reading 'Gagey get away!', during a demonstration in front of the company headquarters. PARIS:...

Pacific trade talks near deal after reported pharma breakthrough 05 Oct 2015 - 12:00 am

Australia's Trade Minister Andrew Robb attends the meetings for the Trans-Pacific Partnership (TPP) in Lahaina, Maui, Hawaii July 28, 2015 By Krista Hughes...

Volkswagen to hold extraordinary board meeting on Wednesday 05 Oct 2015 - 12:00 am

BERLIN: Volkswagen's supervisory board will hold an extraordinary meeting on Wednesday at which finance chief Hans Dieter Poetsch is expected to be appointed...