Business / World Business

Volkswagen says pollution cheating dates back to 2005 10 Dec 2015 - 06:41 pm

Volkswagen AG CEO Matthias Mueller (R) and Hans Dieter Poetsch (L), chairman of the Volkswagen AG supervisory board, attend a press conference of...

Zara owner profit jump 20 percent on higher sales 10 Dec 2015 - 03:07 pm

People looking at clothes at a Zara store in central Madrid, Spain. REUTERS Madrid: Spanish global clothing giant Inditex, owner of the Zara...

Airline profits to hit record levels on low oil, booming travel 10 Dec 2015 - 01:23 pm

GENEVA: Low oil prices and healthy demand for travel will boost airline profits again in 2016, the International Air Transport Association said on...

Moody's puts Brazil on review for downgrade to junk 10 Dec 2015 - 08:17 am

Rio de Janeiro: Moody's put Brazil's sovereign rating on review for a cut to junk status Wednesday, piling more pressure on embattled President...

Uber takes to the roads in free-wheeling Sri Lanka 09 Dec 2015 - 05:38 pm

Colombo: Taxi app company Uber launched Wednesday in Sri Lanka, a country dominated by three-wheeler auto rickshaws, as part of the US start-up's...

Volkswagen says carbon emission claims proved unfounded 09 Dec 2015 - 02:45 pm

Frankfurt: Allegations that Volkswagen lied about the carbon dioxide emissions of up to 800,000 cars appeared to evaporate into thin air Wednesday as...

Yahoo set to drop spinoff of Alibaba stake: report 09 Dec 2015 - 08:42 am

San Francisco: Yahoo has abandoned plans to spin off its large stake in Chinese online giant Alibaba, CNBC television reported Tuesday, citing unnamed...

Pakistan to privatise national airline by next year: govt 08 Dec 2015 - 03:58 pm

Karachi: Pakistan will privatise its national carrier by next July, a minister said Tuesday, following years of crushing losses and mismanagement that have...

Feel-good figures belied Japan's phantom recession 08 Dec 2015 - 11:06 am

A man walks past an advertisement of a luxury men's fashion boutique in the Ginza shopping district in Tokyo, Japan, December 8, 2015....

Japan revises GDP to annual 1.0 PCT growth in Q3 08 Dec 2015 - 10:02 am

Tokyo: The Japanese government on Tuesday revised its assessment on the world's third largest economy's growth in the third quarter of this year...

Oil market languishes under $40 a barrel 08 Dec 2015 - 12:49 am

London: Oil prices tumbled yesterday with Brent crude diving to the lowest point for almost seven years, as the market was plagued by...

Oil prices sink near seven-year lows on OPEC decision 08 Dec 2015 - 12:00 am

New York: Oil prices finished at their lowest levels since February 2009 on Monday as markets continue to reel from OPEC's refusal last...

China FX reserves plung to lowest level since Feb 2013 07 Dec 2015 - 01:53 pm

Investors look at computer screens showing stock information at a brokerage house in Fuyang, Anhui province,China. File photo/ REUTERS BEIJING: China’s foreign exchange...

China's foreign reserves at nearly three-year low 07 Dec 2015 - 01:22 pm

Beijing: China's foreign exchange reserves fell to their lowest level in nearly three years in November, official data showed Monday, with analysts blaming...

Toshiba shareholders sue in Tokyo for $2.45 million after stock plunge 07 Dec 2015 - 08:46 am

By Makiko Yamazaki TOKYO:Fifty individual shareholders of Toshiba Corp sued the Japanese conglomerate in Tokyo on Monday, seeking 301.99 million yen ($2.45 million)...

Yahoo board in final talks on future of company 06 Dec 2015 - 08:45 am

By Deborah M. Todd SAN FRANCISCO (Reuters) - Yahoo Inc's board of directors on Friday is in the third and final day of...

Greece passes 'tough' austerity-extending 2016 budget 06 Dec 2015 - 07:52 am

Greek finance minister Euclid Tsakalotos delivers a speech during a parliamentary session in Athens on December 5, 2015 Greek lawmakers are expected to...