Business / World Business

Malaysia's Petronas says to cut 1,000 jobs 01 Mar 2016 - 03:02 pm

Petronas is the single largest source of Malaysian government revenue and national export earnings. AFP /Manan Vatsyayana Kuala Lumpur: Malaysian state energy firm...

Barclays loss doubles, to sell African bank unit stake 01 Mar 2016 - 11:22 am

The Barclays Bank building is seen in London's financial district of Canary Wharf, Britain in this January 22, 2016 file photo. (Reuters /...

Glencore posts biggest profit drop since IPO on metals slump 01 Mar 2016 - 11:13 am

The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland. (file photo / reuters) By Jesse...

Australia announces media deregulation, paving way for acquisitions 01 Mar 2016 - 10:22 am

A sign is seen in front of the the NewsCorp building in New York. Reuters By Jarni Blakkarly SYDNEY: Legislation to change media ...

Argentina, 'vulture' funds end 15-year debt battle 01 Mar 2016 - 08:27 am

Daniel Pollack, court-appointed mediator presiding over the settlement negotiations between Argentina and its bondholders, speaks during a press conference in New York on...

IMF, Argentina move toward repairing rift 01 Mar 2016 - 07:45 am

People walk past a bureau de change in downtown Buenos Aires on December 16, 2015 (AFP Photo/Eitan Abramovich) Washington: The International Monetary Fund...

Apple ready for encryption 'conversation': lawyer 01 Mar 2016 - 12:00 am

Washington: Apple wants a "conversation" to help settle a standoff with the lawmakers over accessing an encrypted iPhone, according to testimony prepared for...

VW CEO says convinced can win back customers’ trust 29 Feb 2016 - 06:01 pm

Volkswagen Chief Executive Matthias Mueller GENEVA: Volkswagen Chief Executive Matthias Mueller believes that Europe’s biggest carmaker will succeed in winning back customers’ trust...

Tribune Media eyes 'range' of strategic options 29 Feb 2016 - 05:30 pm

Tribune Media chairman Bruce Karsh said the new effort aims to "unlock value" for the company, saying it is undervalued in the market. ...

France can ride out global growth concerns: minister 29 Feb 2016 - 05:25 pm

Michel Sapin Paris: French Finance Minister Michel Sapin said Monday he was confident his country can ride out global growth concerns and hit...

U.S. shale's message for OPEC: above $40, we are coming back 29 Feb 2016 - 03:52 pm

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria. REUTERS/ HEINZ-PETER BADER BY...

China expects to lay off 1.8 mln workers in coal, steel sectors 29 Feb 2016 - 03:50 pm

A labourer marks steel bars at a steel and iron factory in Huai'an, Jiangsu province, China, in this file photo. REUTERS /PATTY CHEN/FILES ...

South Korean firms say lost $663 mn due to Kaesong closure 29 Feb 2016 - 12:35 pm

A barricade is set on the road leading to North Korea's Kaesong joint industrial complex at a South Korean military checkpoint. AFP /JUNG...

Amazon enters Britain's fresh food market with Morrisons deal 29 Feb 2016 - 11:28 am

Employees of Amazon India are seen behind a glass bearing the company's logo inside its office in Bengaluru, India, August 14, 2015.Reuters/Abhishek N...

Nissan surges as much as 12% on share buyback announcement 29 Feb 2016 - 08:34 am

Tokyo: Nissan shares surged as much as 12 percent at the start of trade on Monday as investors cheered the company's announcement to...

Buffett rails against presidential candidates who talk down economy 28 Feb 2016 - 12:00 am

Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks at the Fortune's Most Powerful Women's Summit in Washington October 13, 2015. (Reuters /...

IMF says Tunisia should adjust its 'development model' 28 Feb 2016 - 12:00 am

IMF headquarters. AFP Photo, Saul Loeb Tunis: Tunisia should adjust its development model to counter economic slowdown and build "inclusive growth", the International...

G20 finance ministers warn against Brexit 27 Feb 2016 - 03:29 pm

(L-R) German Finance Minister Wolfgang Schaeuble, German Bundesbank President Jens Weidmann, International Monetary Fund (IMF) Managing Director Christine Lagarde and Secretary-General of the...