U.S conglomerate General Electric is exploring the sale of its GE Money Bank unit in the Nordic region, which could fetch up to 2 billion euros ($2.
Dubai World, the conglomerate at the centre of the emirate’s debt crisis, has the means to make its first big repayment on time next year and expects to pay off more of its debt ahead of schedule, a top executive said.
Britain could save 1 billion pounds ($1.7 billion) a year in electricity costs by 2020 by doubling its interconnector capacity with Europe, network operator National Grid said on Monday.
FRANKFURT, April 1: (Reuters) – Some of the yield-hungry investors pouring money into the financing of aeroplanes are likely to make losses, as they have pushed interest rates down to levels that sometimes do not…
Bloomberry Resorts Corp hopes to recreate the magic of Singapore’s Marina Bay Sands with the expansion of its $1.2 billion Solaire casino.
U.S stock investors will take their cues this week from March jobs data and diplomacy to defuse East-West tensions over Russia’s annexation of Ukraine’s Crimea region.
8211; In forcing automaker Maruti Suzuki India Ltd to backtrack on a controversial production deal with its Japanese parent, a group of Indian fund managers scored a rare win that heralds…
8211; The dollar’s share of central bank reserves may fall by as much as 10-15 percentage points incoming years without threatening its role as the world’s main reserve currency, a senior…
Russia’s Lukoil began commercial production from one of the world’s largest untapped oilfields in Iraq on Saturday, as the country raises output to record levels.
U.S lawmakers overwhelmingly approved aid to Ukraine and sanctions on Russia, but the measure will not become law until at least next week, congressional aides said.
8211; West African leaders failed to agree to open their economies to free trade with the European Union at a summit on Saturday after regional heavyweight Nigeria voiced concerns, endangering a…
General Motors recalled nearly 1.5 million vehicles on Friday including for possible problems with ignitions blamed for 12 deaths.
Taiwan tech giant Hon Hai Precision, the world’s largest contract manufacturer for electronics, saw its net profit rise 12.7 percent on-year in 2013, bolstered by demand for Apple’s new products.
China Southern Airlines, the country’s biggest airline by fleet size, said net profit for 2013 fell more than 20 percent, the latest Chinese carrier to be hit by a weak economy and stiff competition.
Investors are pumping millions of dollars into encryption as unease about data security drives a rising need for ways to keep unwanted eyes away from personal and corporate information.
US pending home sales continued to sag in February, declining for the eighth straight month amid higher prices and higher mortgage rates, the National Association of Realtors said Thursday.
Sales of traditional computers will lose more ground in 2014 to tablets and other mobile devices, a market tracker said Thursday.
Europe’s main stock markets pulled back on Thursday as the US increased the pressure on Russia over Ukraine and traders took profits following a recent rally.
German Economy Minister Sigmar Gabriel has warned the EU Commission in Brussels that Berlin may withhold its approval of landmark EU-US trade talks over a contentious arbitration mechanism.
8211; Kenneth Lewis, who turned Bank of America Corp into the nation’s largest bank but also saddled it with enormous losses tied to mortgages, has settled a lawsuit accusing him…
8211; Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the…
Australian shares are set to open lower on Thursday, following losses on Wall Street as investors fretted about tougher sanctions being implemented on Russia, while a dip in copper and gold prices may hurt resource stocks.
Europe’s main stock markets rebounded on Tuesday as investors reacted to company updates and regional economic data, a day after indices had slid on China slowdown concerns and Ukraine tensions.
Global oil prices climbed on Tuesday after data showed key crude consumer China imported more record amounts last month, dealers said.
Britain revealed plans on Tuesday to sell an extra 7.5-percent stake in Lloyds Banking Group, in the latest move to steer the bailed-out lender back to the private sector.
Stocks on Wall Street rose in volatile trade on Tuesday following robust U.S
The Group of Seven top economic powers said Monday they are ready to step up sanctions against Russia if Moscow fails to de-escalate the crisis in Ukraine that has shaken relations.
A second straight sell-off of popular technology shares dragged US stocks lower Monday, as tensions with Russia over Ukraine kept investors on edge.