General strike in Greece Feb 4 over pension reform: unions

Greek unions on Friday announced a general strike against a planned overhaul of the country's ailing pensions system.
16 January 2016, 18:00 PM

EU fruit growers look to US market to offset Russian sanctions

European fruit growers could be able to export apples and pears to the United States later this year, the EU executive said on Saturday, following the publication of new US rules.
16 January 2016, 18:00 PM

China bank lending slides in December despite loosening

China's bank lending declined sharply in December from November, the central bank said on Friday, despite moves to keep the world's second largest economy from slowing further with looser monetary policy.
16 January 2016, 18:00 PM

Oil plummets to $29, dragging world stocks lower

OIL prices plummeted to $29 a barrel on Friday on the likely resumption soon of Iranian oil exports into an already flooded market as international sanctions against Iran are lifted, dragging equity indices around the world sharply lower.
16 January 2016, 18:00 PM

China's economy grew by around 7pc in 2015: premier

China's gross domestic product (GDP) totalled more than $10 trillion in 2015 and the economy grew by around 7 percent, with the services sector accounting for half of GDP, Premier Li Keqiang said on Saturday.
16 January 2016, 18:00 PM

Telefonica eyes AT&T's $10b Latin American TV assets

Spanish telecommunications company Telefonica SA has expressed interest in buying AT&T Inc's pay TV assets in Latin America, which could be valued at around $10 billion, according to people familiar with the matter.
16 January 2016, 18:00 PM

Oil collapse drags on Citigroup, Wells Fargo earnings

Earnings from US banking giants Citigroup and Wells Fargo showed an increased drag from the oil rout that investors fear will worsen.
16 January 2016, 18:00 PM

GE to sell appliance business to China's Haier for $5.4b

US industrial giant General Electric will sell its appliances business to China's Haier Group for $5.4 billion, it said Friday, in one of the largest Chinese acquisitions of an American firm yet.
16 January 2016, 18:00 PM

US retail sales fall in Dec

US retail sales fell in December to cap the slowest year of growth since 2009, amid persistent downward pressure on prices, the Commerce Department said Friday.
16 January 2016, 18:00 PM

Ukraine launches new China trade route bypassing Russia

Ukraine on Friday launched the first cargo train to China that will bypass Russia along a new "Silk Road" meant to counter the Kremlin's most stringent trade embargo on Kiev to date. "This is a historic event," Ukrainian Infrastructure Minister Andriy Pyvovarskiy wrote on
16 January 2016, 18:00 PM

India will help bankers lend more: Jaitley

India's government and the country's central bank will over the next few months add to banks' ability to lend, Finance Minister Arun Jaitley said on Saturday, addressing a conference on start-up businesses.
16 January 2016, 18:00 PM

China trade surprise brings relief

Stock markets in Europe and Asia rose and oil prices jumped on Wednesday after Chinese trade data cooled concerns over the world's second biggest economy, steadying money and currency markets in Shanghai and Hong Kong.
13 January 2016, 18:00 PM

Indian farmers slash sugar cane planting

Farmers in India's top sugar growing state of Maharashtra are being forced to replace cane with less water intensive crops, as a scorching drought drives authorities to hold back water from dams.
13 January 2016, 18:00 PM

Russia announces new budget cuts amid oil slide

Russia will cut its spending by 10 percent this year, the finance minister said Wednesday, as prices for Moscow's key export commodity slumped to new lows.
13 January 2016, 18:00 PM

Auto industry's green push challenged by low gas prices

Beneath the hoods of the cars showing in Detroit this week lie engines that are as powerful as ever, but are smaller and, helped by direct injection, guzzle less gas.
13 January 2016, 18:00 PM

Emerging economies' outlook more worrying than China: S&P

The "alarming" outlook for emerging countries hit by collapsing oil prices is more worrying than China's economic slowdown, ratings agency Standard & Poor's said Wednesday.
13 January 2016, 18:00 PM

Foreign investment plummets in junta ruled Thailand

FOREIGN investment in Thailand plummeted last year, official data showed, the latest sign that the kingdom's once-vibrant economy continues to falter under prolonged military rule.
13 January 2016, 18:00 PM

Commodity price falls a $160b bonus for China

SLUMPING prices saved China more than $160 billion on its imports of commodities such as oil, iron ore, coal and copper last year, official figures showed on Wednesday.
13 January 2016, 18:00 PM

From chaos to calm: one year on from Swiss "Frankenschock"

A year on from "Frankenschock", when Switzerland's central bank sent global foreign exchange markets into a frenzy by abruptly ending its cap on the Swiss franc, the currency is one of the most stable in the world.
13 January 2016, 18:00 PM

MetLife plans to split off US retail business; shares rise

MetLife Inc, the largest US life insurer, plans to separate a substantial portion of its US retail business from the core company, saying on Tuesday that the "regulatory environment" helped drive its decision.
13 January 2016, 18:00 PM