Business / World Business

Coke, Renault-Nissan launch investments in Argentina 23 Jan 2016 - 12:00 am

Buenos Aires: Drinks giant Coca-Cola and car maker Renault-Nissan have each announced big new investments in Argentina in a sign of renewed foreign...

ECB's Nowotny says Chinese monetary policy has been too ambitious 23 Jan 2016 - 12:00 am

European Central Bank Governing Council member Ewald Nowotny addresses a news conference in Vienna, Austria, January 22, 2016. REUTERS/Heinz-Peter Bader VIENNA: China has...

Fewer orders at Apple suppliers could signal first iPhone sales decline 22 Jan 2016 - 06:21 pm

An iPhone 6S Plus is seen at the Apple retail store in Palo Alto, California September 25, 2015. REUTERS BY J.R. WU TAIPEI: ...

Google paid Apple $1 billion in 2014 to keep search bar on iPhone: Bloomberg 22 Jan 2016 - 05:55 pm

Google apps are shown on an Apple iphone 5 in this photo illustration in Encinitas, California, April 16, 2013. REUTERS Google Inc paid...

Christine Lagarde says to run for second IMF term 22 Jan 2016 - 10:39 am

Paris: Christine Lagarde (pictured) announced Friday that she will run for a second term at the head of the International Monetary Fund, after...

Lagarde gets strong backing from Europe to stay at IMF 22 Jan 2016 - 12:00 am

International Monetary Fund (IMF) Managing Director Christine Lagarde looks on during a session at the World Economic Forum (WEF) annual meeting in Davos,...

Barclays to slash about 1,000 investment bank jobs worldwide 21 Jan 2016 - 02:49 pm

File picture of Barclays bank office at Canary Wharf in London, Britain. By Anshuman Daga and Lawrence White HONG KONG: Barclays will cut...

Brazilian businessman Batista transfers more stakes to UAE’s Mubadala 21 Jan 2016 - 12:00 am

DUBAI: Brazilian tycoon Eike Batista is transferring stakes in four more companies to Abu Dhabi’s state-owned investment fund Mubadala Development as he continues...

VW sued by British pension fund over emissions scandal: lawyers 20 Jan 2016 - 06:10 pm

Frankfurt: A German law firm said Wednesday it is suing embattled auto giant Volkswagen on behalf of a British pension fund for compensation...

Opinion: Middle East economic slowdown will cut oil demand growth: Kemp 20 Jan 2016 - 06:04 pm

By John Kemp LONDON: The Middle East was the fastest growing region for oil consumption except China over the last decade as young...

Luxury watchmakers rethink affordability to counter downturn 20 Jan 2016 - 12:56 pm

By Astrid Wendlandt and Silke Koltrowitz GENEVA: High-end watchmakers have signalled a shift in strategy with an expanded range of more affordable products...

Zurich Insurance eyes $275 mn loss after UK storms 20 Jan 2016 - 12:04 pm

Zurich: Zurich Insurance said Wednesday it expected to post a $275-million (251-million euro) loss for 2015 largely due to three massive storms that...

US firms moving operations out of China: Survey 20 Jan 2016 - 09:46 am

A man looks at the Pudong financial district of Shanghai. Reuters Beijing: One out of four US companies active in China has moved...

European industry commissioner demands action from VW 20 Jan 2016 - 01:45 am

Volkswagen boss to meet commissioner this week. Volkswagen declines to comment. European Commission to propose tougher regulation this month. By Barbara Lewis BRUSSELS:...

IMF cuts global growth forecast as China growth slows 19 Jan 2016 - 05:07 pm

By David Lawder WASHINGTON: The International Monetary Fund cut its global growth forecasts for the third time in less than a year on...

French carmaker Renault to recall 15,000 vehicles to check engines: Minister 19 Jan 2016 - 10:43 am

French minister of ecology, sustainable development and energy Segolene Royal Paris: French carmaker Renault, under the spotlight over high levels of harmful emissions,...