Rome: Italy's troubled third-largest bank, Monte dei Paschi di Siena (BMPS), said yesterday that the European Central Bank (ECB) has called for it...
Rome: Italy's troubled third-largest bank, Monte dei Paschi di Siena (BMPS), said yesterday that the European Central Bank (ECB) has called for it...
London: The dollar inched higher against the yen and a handful of other major currencies in holiday-thinned trade yesterday, with sterling by far...
Tokyo: Toshiba said Tuesday it may book a one-time loss of several billion dollars over a US subsidiary's acquisition of a nuclear power...
Tokyo: Global stocks were mixed on a day when many markets were closed for a holiday. Japanese shares fell as the yen gained...
Beijing: China’s roaring bond engine is stalling heading into the new year, posing a quandary for policy makers as they try to curb...
Beijing: China’s non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan ($161.19bn) in 2016 and foreign direct investment into China...
Bangkok: Thailand's success in attracting huge numbers of tourists has put some infrastructure for handling the influx under pressure, an economist with the...
LUSAKA, Zambia: Cash-strapped Zambia could face a food supply shortage in 2017 after buying only about half of the maize it needs from...
Beijing: German luxury carmaker BMW will recall nearly 200,000 vehicles in China because of flawed airbags, according to the country's quality regulator and...
New York: Deutsche Bank AG employees may owe their cash bonuses for 2016, however modest, to a last-minute bargain by Chief Executive Officer...
New York: The year-end stocks rally on the heels of the election of Donald Trump as US president was built on expectations of...
Mumbai: India’s biggest oil and gas producer will pay as much as $1.2bn to buy a majority stake in a gas field off...
Philippine property to banking conglomerate Ayala Corp said, two groups of companies in which its energy unit has stakes will acquire Chevron's geothermal...
Zurich: Deutsche Bank AG said it reached a $7.2bn agreement to resolve a years-long US investigation into its dealings in mortgage-backed securities, removing...
Beijing: China’s leadership is signalling growth will slow slightly in 2017, policy advisers say, as it struggles to strike a balance between supporting...
Washington: New US single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening...
Beijing: China slapped a $29m fine on General Motors Co for antitrust violations, a sign of the growing tensions between the US and...
Loan bankers in Asia are relying on companies’ merger and acquisition activities and China’s ‘One Belt, One Road’ initiative to fuel loan growth...
