Monday, September 21, 2015

Global Business


Venezuela formally launched its new oil-backed cryptocurrency on Tuesday in an unconventional bid to haul itself out of a

Asian markets rise as focus turns to release of Fed minutes

Hong Kong led Asian markets higher Wednes-day as traders brushed off a retreat on Wall Street, with attention turning

KFC falls fowl in UK with chicken run

Hundreds of KFC outlets remained shut in Britain on Wednesday due to a supply crisis, leaving fans craving a

Orange rings up 'excellent' performance in 2017

French telecoms group Orange said Wednesday it booked "solid" results on the back of an "excellent operational performance" in

Samsung set to launch new flagship smartphones

Samsung Electronics will unveil its next flagship smartphones -- the Galaxy S9 and Galaxy S9+ -- on Sunday, after

Text of revised Pacific trade deal released

Details of a revamped cross-Pacific pact aimed at slashing trade barriers were released Wednesday amid a renewed push for

Electric car jumpstarts cobalt prices

Cobalt is hitting historically high prices fuelled by the automobile industry, which needs the rare metal to make light

S Korean Moon urges 'stern' response to new US tariffs

South Korean President Moon Jae-in called Monday for a "stern" response to new US tariffs on the South's exports

Saudi Arabia's cabinet approves bankruptcy law

Saudi Arabia's cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost

Ex Haiti director admitted hiring sex workers : Oxfam

The former Oxfam official at the centre of a prostitution scandal admitted to paying for sex at his charity-funded

Alibaba, Tencent rally troops amid $10b retail battle

China's tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd, worth a combined $1 trillion, are on a

Lego builds foundations in China classrooms

Danish toymaker Lego is hoping to build a following with Chinese parents by promoting its place in the classroom

EU single currency reform won't be 'perfect': Moscovici

EU Economic Affairs Commissioner Pierre Moscovici said Sunday he does not expect a "perfect" accord on reforming the single

ECB freezes Latvian bank after laundering allegation

The European Central Bank said Monday it has frozen payments by the third-largest bank in tiny Baltic state Latvia,

Republicans face first test of tax cuts' power

Mark Marran, an operations manager for a Fortune 500 company, voted for Donald Trump. Two weeks ago he noticed

Coca-Cola sales beat on strong sales of vitamin water, coffee

Coca-Cola Co reported better-than-expected quarterly profit and sales on Friday as it sold more teas, coffees and vitamin water,

Zambia to rearrange China loans to meet conditions

Zambia will rearrange loans from Chinese companies and instead look to borrow directly from the Asian giant's government in

S'pore Brookvale Park sold bloc for $530m

Brookvale Park, a 160-unit development in Sunset Way, has been sold to Hoi Hup Sunway, a joint venture between

Judge approves Takata's US bankruptcy plan

Takata Corp's US unit received court approval for its bankruptcy exit plan, a plaintiffs' law firm said on Saturday,

Qualcomm to negotiate sale to Broadcom

US semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter's sweetened $121

Cyber criminals hack via SWIFT system

India's City Union Bank said on Saturday that "cyber criminals" had hacked its systems and transferred nearly $2 million

Software may help Daimler pass US emissions tests

US investigators probing Mercedes maker Daimler have found that its cars were equipped with software which may have help

IMF's Lagarde warns on rate risk from US tax reform

IMF chief Christine Lagarde warned Saturday that economic stimulus from US tax cuts may lead to a rapid rise

World stocks most rise as rate-hike fears ebb

Global stocks mostly rose Friday as investors continued to ramp up purchases as equities have stabilized following a bout

Indonesia inks $1.1b deal with Russia to buy 11 jets

Indonesia has inked a billion-dollar deal to buy 11 Sukhoi Su-35 jets from Russia, an official said Saturday.  The

Fitch raises Greece's debt rating, citing stability

The Fitch ratings agency on Friday upgraded Greece's sovereign debt grade, citing budget surpluses, greater political stability and the

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