Portugal Telecom has been forced to take a cut in its share of the merger with Brazil’s Grupo Oi after a holding company of the Espirito Santo family failed to repay more than $1 billion it owed to the telecom company.
Britain said it wants deeper reforms to the EU Emissions Trading System than those proposed by the European Commission and Germany, favouring cancelling hundreds of millions of carbon permits over launching a tool to regulate market supply.
Despite their recent upgrade to the more mainstream emerging market league, United Arab Emirates and Qatar are considered risky enough by many investors that they still treat them like frontier markets.
Indian Prime Minister Narendra Modi’s government will decide next month on the sale of a $3 billion stake in state oil firm ONGC, in a major test of whether he will follow tentative reforms outlined in his first budget with act.
Bank of England Governor Mark Carney said on Tuesday the central bank’s forward guidance policy aimed to signal how interest rates might change over the medium term, not pinpoint the timing of a first hike.
The BRICS group of emerging market nations is confident a global trade reform pact will be implemented despite concerns by India over its food security, Brazil’s trade minister said on Monday.
Airbus will kick off the Farnborough Airshow with up to 100 commitments for its revamped A330neo wide.
Samsung Electronics Co Ltd said it halted business with a supplier in China over suspected use of child workers, the fi.
Stock markets in Europe and Asia rose on Monday as investors put aside concern about euro zone banks and looked forward to corporate earnings and a raft of global economic events, including testimony from t.
Shanghai looks set to become the headquarters of a development bank being launched by the BRICS emerging market nations, despite fears by some members of the gro.
US pushing drugged, vaccinated, chlorinated chickens on the world BRUSSELS, (Reuters) – Chancellor Angela Merkel once said she wished “for nothing more than a free-trade agreement between the USA and the EU”. To…
Britain plans to force foreign buyers of major British companies to make binding commitments on issues that are in the national interest such as investment in research, Business Secretary Vince Cable said on Sunday.
Barclays boss Antony Jenkins faces one of the biggest tests of his leadership this month when he decides whether the bank, Britain’s third largest, should fight accusations it deceived and defrauded customers in the United States.
8211; Prosecutors from the U.S. Department of Justice are offering immunity deals to junior traders in London as they continue to investigate the alleged rigging of foreign exchange rates by banks and…
Russian President Vladimir Putin pledged to help revive Cuba’s struggling offshore oil exploration at the start of a six.
LONDON, (Reuters) – Chemical maker Synthomer Plc warned on full-year operating profit due to a further strengthening of sterling and as its nitrile business in Asia continued to face margin pressure. Synthomer shares fell as…
China’s central bank is looking into allegations by a state broadcaster that Bank of China , the country’s fourth largest lender, has been laundering money offshore for clients, the official Xinhua news agency said on Friday.
Brazil will announce the sale of about 25 planes made by Embraer SA to Chinese airlines during a visit by China’s President Xi Jinping, a Brazilian official said.
Britain’s banks are in the process of paying out 1.2 billion pounds ($2 billion) to compensate small businesses that were mis.
Japan called Friday for summit talks between Prime Minister Shinzo Abe and Chinese President Xi Jinping during a regional meeting in Beijing later this year, as diplomatic tensions sour relations between the neighbours.
South Africa’s financial capital Johannesburg is still in the running to be headquarters of a new development bank planned by the BRICS group of major emerging nations, a minister said Friday.
Chinese President Xi Jinping greets U.S Embassy deputy chief of the China mission Dan Kritenbrink at the fourth Conference on Interaction and Confidence Building Measures in Asia (CICA) summit in Shanghai May 21, 2014.
The billionaire founder of web portal operator Naver Corp beat back Google Inc to leave South Korea one of few countries where the U.S search engine does not dominate.
The condo business in Phnom Penh is experiencing a boom. With like more and more high-rise apartment buildings taking over the city, it is hard to picture Phnom Penh without some kind of towering construction in view.
“Cambodia is in a very important phase, because what we see here is a steady growth of 7 percent of the GDP. Foreign direct invest-ment (FDI) reached $600M. It is something phenomenal worldwide,” said Mr.
India’s economy could pull out of its slowdown and accelerate by nearly six percent this fiscal year, a government study forecast Wednesday before the first budget by the new right.
The EU on Wednesday hit French drugs giant Servier with a huge 331 million euro fine for colluding to delay a cheaper generic version of perindopril, a popular blood pressure treatment.