Private sector loans growing in eurozone: ECB

The volume of loans to the private sector in the euro area expanded in November, with a bigger bounce recorded than the previous
30 December 2015, 18:00 PM

Apple to pay Italy 318m euros to settle tax fraud probe

Apple has agreed to pay Italy 318 million euros ($348 million) to settle a tax dispute after the US tech giant was investigated for suspected fraud, the country's tax agency said Tuesday.
30 December 2015, 18:00 PM

Saudi posts record $98b deficit

Opec kingpin Saudi Arabia posted a record $98 billion budget deficit in 2015 due to the sharp fall in oil prices, the finance ministry said on Monday.
28 December 2015, 18:00 PM

Facebook founder urges free internet in India amid row

FACEBOOK founder Mark Zuckerberg urged India Monday to approve a controversial plan that would provide a free Internet service to the poor, his latest bid amid an escalating row with authorities.
28 December 2015, 18:00 PM

Japan factory output slumps as recovery stumbles

JAPAN'S factory output declined in November, official data showed Monday, falling back after two months of gains as the economy struggles to mount a recovery.
28 December 2015, 18:00 PM

Survival of fittest for commodities shipping firms in 2016

SHIPPING companies that transport commodities such as coal, iron ore and grain face a painful year ahead, with only the strongest expected to weather a deepening crisis caused by tepid demand and a surplus of vessels for hire.
28 December 2015, 18:00 PM

China central bank says to keep reasonable credit growth, yuan stable

China's central bank said on Monday that it would "flexibly" use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing.
28 December 2015, 18:00 PM

Ruble drops to 2015 low amid oil price slump

Russia's battered ruble on Monday reached its 2015 low as the slump in oil prices weighs on the outlook for the country's recession-hit
28 December 2015, 18:00 PM

No further eurozone expansion seen in next few years: EU Commisioner

The eurozone is not expected to welcome any new members in the coming years, as the region's long crisis seems to have put some countries off, deputy European Commission chief said in a newspaper interview Monday.
28 December 2015, 18:00 PM

Oil falls toward $37, near 11-year low

Oil fell toward $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has more than halved prices since the downturn began in mid-2014.
28 December 2015, 18:00 PM

GSK pays $1.4b for HIV treatments

GlaxoSmithKline has ended a frenetic week for the pharmaceutical sector with a $1.4 billion takeover of HIV drug development assets from Bristol-Myers Squibb.
20 December 2015, 18:00 PM

From ghost city to boomtown, Phnom Penh soars high

From glitzy malls and high-rise flats to five-star hotels, a luxury building boom in Phnom Penh is transforming a capital once reduced to a ghost town into one of Asia's fastest growing cities.
20 December 2015, 18:00 PM

Malaysia's first Islamic-compliant airline takes off

Malaysia's first Islamic-compliant airline Rayani Air began operations Sunday with its maiden flight taking off from the capital to the resort island of Langkawi, local media reported.
20 December 2015, 18:00 PM

Volkswagen chairman eyes job rotation for key roles

Volkswagen plans to limit the time staff can remain in certain roles, its supervisory board chairman told a German weekly, in a step to improve oversight at the German carmaker.
20 December 2015, 18:00 PM

CEO Martin Shkreli says securities fraud charges are "baseless"

Martin Shkreli, the pharmaceuticals entrepreneur vilified for jacking up the price of a life-saving AIDS drug, said on Saturday that unrelated securities fraud allegations that resulted in his arrest this week were "baseless and without merit."
20 December 2015, 18:00 PM

New dawn or Wild West? 'Sharing economy' goes global

It's a new dawn for transport, lodging -- and pretty much every service under the sun -- and it's all about "sharing."
20 December 2015, 18:00 PM

Brazil's finance minister replaced amid economic upheaval

President Dilma Rousseff on Friday replaced Finance Minister Joaquim Levy, a fiscal conservative appointed just over a year ago, with a close ally, Planning Minister Nelson Barbosa, the Brazilian leader's office says in a statement.
19 December 2015, 06:19 AM

China to keep 2016 economic growth in reasonable range

Chinese leaders, meeting ahead of an agenda-setting conference, pledged on Monday to keep the country's economic growth in a "reasonable range" in 2016 by expanding domestic demand and making supply-side improvements.
14 December 2015, 18:00 PM

US calls for overhaul of deadlocked world trade talks

The United States called Monday for a fresh start to break a 14-year deadlock in negotiations to free up world trade in good and services worth some $23 trillion (21 trillion euros).
14 December 2015, 18:00 PM

Shell says to cut 2,800 jobs following BG takeover

Royal Dutch Shell on Monday said it planned to cut 2,800 jobs following its mega takeover of smaller rival BG Group.
14 December 2015, 18:00 PM