Business / World Business

Yahoo, under fire by investors, takes steps for possible sale 20 Feb 2016 - 05:39 pm

A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, in this file picture...

EU lenders working on plan for gradual Greek debt relief: Greek paper 20 Feb 2016 - 04:57 pm

EU Headquarters in Brussels. Reuters. ATHENS: Greece’s EU lenders have been working on a plan to offer the country gradual debt relief on...

Richemont eyes up to 350 job cuts in Switzerland: report 20 Feb 2016 - 03:25 pm

Geneva: Richemont, the world's second-biggest luxury goods group, is planning to cut up to 350 jobs in Switzerland this year amid a "difficult"...

France's Lagarde named for second term to lead IMF 20 Feb 2016 - 12:00 am

Washington: France's Christine Lagarde, who battled financial fires across Europe as managing director of the International Monetary Fund, was officially named Friday to...

Liberty Steel buys second UK plant but says new jobs could yet go overseas 20 Feb 2016 - 12:00 am

BY MAYTAAL ANGEL LONDON: Liberty Steel has expanded its investment in the troubled UK steel sector by buying a second UK-based plant, though...

Google accounts show 10.7 billion euros moved via low tax 'Dutch sandwich' in 2014 20 Feb 2016 - 12:00 am

Google's new Canadian engineering headquarters in Kitchener-Waterloo, Ontario January 14, 2016. REUTERS BY TOBY STERLING AND TOM BERGIN AMSTERDAM: Google moved 10.7 billion...

Apple likely to invoke free-speech rights in encryption fight 19 Feb 2016 - 09:53 am

File picture for representation. By David Ingram and Dan Levine NEW YORK/SAN FRANCISCO: Apple Inc (AAPL.O) will likely seek to invoke the United...

Mazda recalls 1.9 million vehicles in Japan, overseas over Takata airbags 19 Feb 2016 - 09:47 am

A man walks past a Mazda Motor Corp logo projected on a screen at a news conference in Tokyo April 27, 2010. REUTERS/Yuriko...

Modi's 'Make In India' racks up $222 billion in investment pledges 18 Feb 2016 - 05:10 pm

India's Prime Minister Narendra Modi speaks during the inauguration ceremony of the 'Make In India' week in Mumbai, India, February 13, 2016. REUTERS/...

ECB insists more policy action is no 'done deal' in March 18 Feb 2016 - 04:42 pm

Frankfurt: The European Central Bank wants to signal its readiness to roll out new stimulus measures, while stressing that it is no done...

OECD urges world leaders to tackle flagging growth 18 Feb 2016 - 12:58 pm

People walk past the New York Stock Exchange in the Manhattan borough of New York, September 21, 2015. REUTERS/CARLO ALLEGRI By Michel Rose...

Vietnam's VietJet signs $3.04 bn deal with Pratt & Whitney 18 Feb 2016 - 09:49 am

Singapore: Vietnamese budget carrier VietJet Air said Thursday it had signed a $3.04 billion deal with US engine maker Pratt & Whitney, underscoring...

Mexico cuts budget, raises interest rate 18 Feb 2016 - 08:09 am

Pemex posted losses of $10.2 billion in the third quarter of 2015 (AFP Photo/Omar Torres) Mexico City: Mexico's government announced budget cuts of...

Russia sues Ukraine in London over unpaid $3bn debt claim 17 Feb 2016 - 06:58 pm

Russia's Finance Minister Anton Siluanov speaks at a forum in Moscow, January 14, 2015. Reuters, Sergei Karpukhin Moscow: Russia has filed a lawsuit...

Canadian aircraft builder Bombardier cuts 7,000 jobs 17 Feb 2016 - 06:42 pm

Bombardier's CS300 Aircraft, showing its' Pratt & Whitney engine in the foreground, sits in the hangar prior to its' test flight in Mirabel...

US home building slows in January 17 Feb 2016 - 05:19 pm

Washington: New construction of US homes fell for the second straight month in January, sagging to an eight-month low, official data released Wednesday...