The European Union announced Wednesday sweeping new guidelines to curtail state support for the renewable energy industry which Brussels says is harming the sector on the global market.
German engineering firms should be more aggressive in selling equipment to fast-growing markets in Africa rather than leaving the field to Chinese, U.S, Italian and French rivals, trade group VDMA said.
8211; American Airlines Group on Tuesday said flight cancellations because of bad weather hurt first-quarter results. The carrier canceled more than 34,000 flights in the first three months of this year, reducing…
Chinese coking coal company Winsway will make the coupon payment on its $309 million bonds maturing 2016 which falls due on Tuesday, it said.
Nokia has won approval from Chinese competition authorities to sell its mobile phone business to Microsoft Corp without having to change its main technology patent practices, it said on Tuesday.
Taiwan’s sole aircraft maker AIDC applied to be listed on the stock exchange Monday as part of a government drive to privatise large state.
8211; India’s third-biggest drugs company Sun Pharma announced Monday a $3.2-billion deal to buy domestic larger rival Ranbaxy from Daiichi Sankyo, ending the Japanese company’s costly run as owner. Despite Ranbaxy’s huge…
The World Bank said Monday developing countries in East Asia will grow 7.1 percent in 2014 as they benefit from a stabilising global economy and withstand the impact of US stimulus cuts.
Japan and Australia clinched a basic trade deal on Monday to cut import tariffs, as U.S and Japanese officials stepped up efforts to reach a parallel agreement that would re.
Britain’s second largest steelmaker SSI UK said it expects to record its first ever profit this year and to add much needed jobs in England’s north east, but added market conditions were tough and that its future was not yet secure.
A pilots’ strike in Germany last week has highlighted the power comparatively small groups of employees have to lay low key areas of the economy in pursuit of their own interests.
People clinging to Microsoft’s aging Windows XP operating system will be left to fend off cyber criminals by themselves come Tuesday.
8211; U.S. Trade Representative Michael Froman will travel to Japan on Monday for high-level talks in a bid to break a stalemate over market access for American farm groups and autos, his office…
France’s Vivendi said it had accepted cable company Numericable’s bid for its telecom unit SFR, which would give Vivendi at least 13.5 billion euros ($18.5 billion) in cash plus a 20.
8211; German consumer goods group Henkel said the weak Russian rouble would hurt its first-half earnings but it had no plans to withdraw from Russia or Ukraine in spite of…
The field of bidders for Danone’s Medical Nutrition business has narrowed to German healthcare group Fresenius and Swiss food company Nestle, two people familiar with the process told Reuters on Friday.
8211; A top Bank of England official put the world’s $87 trillion asset-management industry on alert on Friday, saying it posed some of the same “too big to fail” risks that…
The fragmented UK wealth management sector is shrinking as firms quit, bulk up or look to service a more profitable slice of the country’s growing number of rich clients, to cope with costly new regulations.
The U.S labor market emerged surprisingly strong from the severe winter, with employers hiring at a brisk pace and the jobless rate holding near a five.
The microblogging service Weibo, often described as China’s version of Twitter, will raise at least $340 million in its US stock offering, an updated filing showed Friday.
The United States has issued a license allowing Boeing to do business with Iran for the first time since the US embargo of 1979, a company spokesman told AFP Friday.
Switzerland’s Holcim and French rival Lafarge confirmed Friday that there are holding talks to merge and create the world’s largest cement company.
McDonald’s announced on Friday it had closed its restaurants in Crimea, prompting fears of a backlash as a prominent Moscow politician called for all the U.S fast food chain’s outlets in Russia to be shut.