Monday, September 21, 2015

Global Business


Confidence among investors in Europe's largest economy, Germany, picked up in January, a closely-watched survey showed Tuesday, defying political

BAT to buy Reynolds for $49b

British American Tobacco has agreed a $49.4 billion takeover of US rival Reynolds American Inc, creating the World's biggest

Bombay Stock Exchange to raise $182m through IPO

The Bombay Stock Exchange, Asia's oldest bourse, will seek to raise $182 million through an initial public offering next

Xi against blaming globalization for world's problems

Chinese President Xi Jinping said Tuesday that there is "no point" in blaming economic globalization for the world's problems,

Iran signs petrol deals with Syria

Iran will build a mobile phone network and petrol terminal in Syria under deals signed in Tehran on Tuesday

Stocks slide before key Brexit speech

Europe's main stock markets slid Tuesday but the pound rebounded somewhat, as British Prime Minister Theresa May was set

Credit Suisse condition improves

Credit SuisseĀ  Chief Executive Tidjane Thiam sees market conditions improving during 2017 as the bank's reorganization gathers pace and

Global ship insurers to give Iran oil full coverage

Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month

Hyundai Motor to boost US investment

The Hyundai Motor Group said it plans to lift US investment by 50 percent to $3.1 billion over five years

Merger, acquisitions in UK to drop sharply

Merger and acquisition activity in the UK is likely to slip dramatically this year as a result of Brexit-induced

Strong US dollar may be the biggest risk

Global growth could be better than expected in 2017, though many uncertainties remain that could impact expansion, with the

Europe hits back at Donald Trump over NATO alliance

Top European officials hit back at US President-elect Donald Trump on Monday after he branded the NATO alliance "obsolete"

Turkey unemployment highest in half decade

Turkey's unemployment rate in October was the highest since 2010, the statistical authorities said Monday, the latest in a

Germany defends car industry after Trump assault

German Vice Chancellor and Economy Minister Sigmar Gabriel on Monday warned US President-elect Donald Trump not to slap punitive

Chinese economy to grow steadily

China's economy will remain stable and keep growing steadily while resisting protectionism, President Xi Jinping told Swiss executives on

Samsung chief likely to be arrested for bribery

South Korea's special prosecutor's office said today it was seeking a warrant to arrest the head of Samsung Group,

Japanese company to go for three-day weekend

A Japanese company is considering introducing a three-day weekend for its employees in a bid to tackle a culture

Merkel warns Trump against protectionism

German Chancellor Angela Merkel warned Saturday against protectionist tendencies of US President-elect Donald Trump, citing lessons learned in the

China's Wanda faces revenue shortfall

China's conglomerate Wanda, owned by the country's richest man, said its turnover fell by 14% in 2016 despite a

US banks earnings kick off

Reuters, New YorkUnited States bank stocks will stay in favor with investors as long as earnings reports in the

Moody's to pay $864 million over risky ratings

Credit rating agency Moody's has said it will pay out almost $864m to United States and federal authorities to

Seagate to cut 2,000 China jobs

US hard-disk drive manufacturer Seagate Technology will lay off more than 2,000 Chinese workers as it shutters a factory

McDonald's to distribute free meals to homeless

A branch of McDonald's, based a stone's throw away from where the Pope lives in Vatican City, is to

New taxi app for Ivory Coast middle class

In bustling Abidjan, a homegrown company has tapped into the global taxi app revolution that has spawned Uber and

Japan pushes for pacific trade deal

Japan and Australia will work together to ensure the Trans-Pacific Partnership free trade deal comes into force, Prime Minister

US to issue gold coin depicting 'Lady Liberty'

AFP, WashingtonThe United States is set to issue a commemorative $100 gold coin that depicts Lady Liberty -- a