Monday, September 21, 2015

Global Business


Oil futures edged higher on Friday with a lift from a weaker dollar, but finished a fifth straight week

Australian bank tax spooks global investors

Australia's decision to slap a A$6.2 billion tax on its major banks has created uncertainty among global investors who

EU promises tough line on China, US while pushing for free trade

German Chancellor Angela Merkel warned US President Donald Trump on Friday that Europe would react in kind if the

Russia's jet makers 'not afraid' of US competition in India

Russian military aviation firm MiG said on Friday it was ready to deepen its cooperation with India, just days

Amazon needs more warehouse to reshape grocery delivery

If Inc hopes to revolutionize grocery delivery, then its bid to buy Whole Foods Market Inc for $13.7

GM settles ignition switch lawsuits

General Motors Co has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches

central banks head for the Portuguese hills

The cool shade of the hills above Lisbon will offer leading central bankers an escape from the summer heat

Anthem to pay $115m to settle US lawsuits

Anthem Inc, the largest US health insurance company, has agreed to settle litigation over hacking in 2015 that compromised

Wal-Mart not considering a bid for Whole Foods

Wal-Mart Stores Inc is not actively considering making an offer for Whole Foods Market Inc, a source familiar with

Trump admin OKs drone sale to India

The Trump administration has authorized the sale of unarmed surveillance drones to India, the manufacturer said

Eurozone business activity slows in June

Eurozone private sector business activity slowed sharply in June but was still running at more than six-year highs, a

Asia markets end week on quiet

Asian markets limped into the weekend, with energy firms still struggling after a bruising few days, while investors eye

China, India, Japan hamper Asia oil demand growth

As the global oil market frets about a stubborn supply glut, faltering demand growth in key Asian crude importers

Egypt court ruling revives row

A court that ordered the suspension of Egypt's food inspection system based its ruling in part on the quarantine

Toshiba stock listing status downgraded

Crisis-wracked Toshiba Corp suffered further indignities on Friday, estimating bigger losses for the past financial year and getting demoted

Amazon to charge $2.8 million for NFL ad packages Inc is looking to charge advertisers $2.8 million for packages that include 30-second spots during the Thursday night

US banks clear first hurdle in Fed's stress tests

The 34 largest US banks have all cleared the first stage of an annual stress test, showing they would

Geely seals Proton deal

The parent of Malaysia's Proton said Friday that Chinese auto giant Geely will inject $40 million and an SUV

Asian shares flat as weak oil prices weigh on investors

Asian shares are ending the week on a subdued note with most

Asia energy firms under pressure on oil drop

Energy firms struggled again in Asian trade Thursday after fresh plunge in oil prices as supply glut fears returned,

Iron ore reverts to supply driven market

Iron ore's demand-driven price surge last year is increasingly looking like an aberration as supply factors once again start

Airbus concedes defeat to Boeing in Paris order race

Airbus conceded defeat to rival Boeing in the race for new business at the Paris Airshow on Thursday, as

Saudi Arabia eases austerity just as oil prices decline

Saudi Arabia's decision to reverse some of last year's austerity measures coincides with a renewed decline in oil prices

Wanda shares suspend after trigger drop

Shares in a film unit of Chinese conglomerate Dalian Wanda Group were suspended from trading in Shenzhen after a

Brazil blocks JBS deal

A Brazilian judge has blocked JBS SA's planned sale of a South American unit while the attorney general's office

European stock markets stumble

European stock markets fell for a third straight day on Thursday, as battered oil prices hovered near seven-month lows

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