Monday, September 21, 2015

Global Business


China's state-backed semiconductor fund is near to closing a 120 billion yuan ($18.98 billion) investment round for a second

Samsung Q1 net profits up

South Korean telecoms giant Samsung Electronics said Thursday its first-quarter net profits soared by more than half thanks to

Revolut becomes Britain's first digital bank unicorn

Financial technology firm Revolut said on Thursday its valuation had jumped by five times in a year to $1.7

Asia equities mostly down on tech selling but dollar holds up

Further weakness in the technology sector dragged on Asian equities Thursday while the dollar eased from its latest rally

Global conflicts unsettle German consumers

Confidence among German consumers is on the wane as the public frets over conflict lines being drawn between world

Nokia struggles with losses

Finnish telecoms equipment maker Nokia on Thursday posted its fifth straight quarter in the red, though its losses narrowed

US business spending on equipment slowing

New orders for key US made capital goods unexpectedly fell in March, weighed down by the biggest drop in

Electric carmakers bloom at Beijing auto show

Auto executives from across the globe are plugging their plans for an electric car future in China at the

Volkswagen sees 'good start' to 2018

German car giant Volkswagen on Thursday reported a small drop in profits but nonetheless said strong sales got the

London Metal Exchange to reassess Rusal's aluminum

The London Metal Exchange said on Wednesday it would analyze the implications of U.S. sanctions in relation to Rusal's

Hostile takeover?

 German car maker Daimler AG's boss said on Wednesday there was no indication the firm's largest shareholder, Chinese auto

World stocks move towards longest losing streak

World shares were on their longest losing streak of the year on Wednesday, as a rise in US bond

GM, S Korea weigh raising investment

General Motors and South Korea are considering increasing the size of their investment in the US automaker's local unit

Indonesia pricing policy dispute fueled Pertamina shake-up

When Pertamina's former chief executive, Elia Massa Manik, was fired on Friday, he became the state energy company's shortest-serving

Google overhauls Gmail to lure businesses

Alphabet Inc's Google unveiled on Wednesday its first Gmail redesign since 2013, capping what the company says was an

Boeing adds German partners for heavy-lift helicopter battle

Boeing has teamed up with 10 German firms as part of its bid to win a 4 billion euro plays catch-up in Brazil

Claudia Maria de Oliveira is leery of online shopping. But while browsing social media recently, the 49-year-old Brazilian spotted

Sinopec plans to extend cuts in Saudi crude oil imports

China's Sinopec, Asia's largest refiner, plans to continue to cut their Saudi Arabian crude oil purchases for June and

Stormy economic horizon to give ECB pause

Confronted by threats to economic growth and still-sluggish inflation the European Central Bank will likely temper expectations Thursday for

'US tariffs have not hit Asia market yet'

The head of Japan's steel industry federation said on Tuesday that new import tariffs on steel imposed by the

German business confidence erodes in April

Confidence among business leaders in Germany fell back in April, a closely-watched survey showed Tuesday, as executives responded to

Google helps stock markets recover

World stocks steadied on Tuesday after three sessions of losses thanks to strong earnings from the likes of Google

Oil tops $75, highest since 2014 OPEC meeting

Oil rose on Tuesday above $75 a barrel to its highest since November 2014, supported by OPEC-led production cuts,

Ryanair agrees to buy 25 more Boeing 737

 Ryanair has agreed to buy a further 25 Boeing 737 MAX planes, worth $3 billion at list prices, lifting

Strong LNG demand to absorb new supply

Last year's strong demand for liquefied natural gas (LNG), led by Asia's major economies, is expected to continue this

US sorghum initially bound for China diverted to Saudi Arabia

Three cargoes of sorghum from the United States bound for China have switched destinations to Saudi Arabia after being

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