UK, Swedish watchdogs warn of global cyber attack

A large-scale cyber attack from a group targeting organisations in Japan, the United States, Sweden and many other European countries through IT services providers has been uncovered, the Swedish computer security watchdog said on Wednesday.
5 April 2017, 18:00 PM

LNG producers turn to trading, risk taking to maintain market share

Producers of liquefied natural gas (LNG) have shot themselves in the foot with oversupply, and face calls for flexibility and greater competition from other fuels that may force them to take more risks and start trading just like other commodity dealers.
5 April 2017, 18:00 PM

Greece wants eurozone summit if debt talks fail: Tsipras

Greece has asked for a eurozone summit to be held if creditor talks on Friday fail to break months of deadlock on the country's debt and reform goals, Prime Minister Alexis Tsipras said Wednesday.
5 April 2017, 18:00 PM

No parallel Brexit and trade talks: EU's chief negotiator

Britain must stop pressing for immediate parallel talks with the European Union on a post-Brexit free trade deal, EU chief negotiator Michel Barnier said on Wednesday, and first agree on withdrawal terms.
5 April 2017, 18:00 PM

Britain to help reform Saudi economy

Britain said Wednesday it would help Saudi Arabia to diversify its oil-dependent economy as British Prime Minister Theresa May visited the Gulf kingdom.
5 April 2017, 18:00 PM

Credit Suisse scandal threatens Swiss efforts to clean up reputation

An anonymous tip to Dutch authorities on thousands of suspicious accounts at Credit Suisse could hardly have come at a worse time for Switzerland and its banks.
5 April 2017, 18:00 PM

BMW's UK workers to begin strike over pensions on April 19

British workers at BMW will hold eight strikes over the next few weeks to oppose plans by the carmaker to close their final salary pensions, beginning with a walkout at the firm's Mini plant and engine facility, Britain's biggest union said.
5 April 2017, 18:00 PM

Apple aims for more control, less cost as it accelerates in chip design

APPLE Inc's decision to stop licensing graphics chips from Imagination Technologies Group Plc is the clearest example yet of the iPhone maker's determination to take greater control of the core technologies in its products - both to guard its hefty margins and to position it for future innovations, especially in so-called augmented reality.
5 April 2017, 18:00 PM

US agrees to ChemChina's $43b takeover of Syngenta

US authorities have agreed to the $43 billion takeover of Swiss pesticide giant Syngenta by state-owned ChemChina, marking the biggest overseas acquisition by a Chinese firm.
5 April 2017, 18:00 PM

Gold slips on profit taking, firmer dollar

Gold prices fell on Monday on a firmer dollar and as investors booked profits after bullion recorded its best quarter in a year on Friday.
3 April 2017, 18:00 PM

In energy starved Indian villages, solar mini-grids light the way

A dusty plastic sheet covers a large diesel generator in a corner of a petrol station in Atrauli, a village in India's northern state of Uttar Pradesh, a modest but telling sign of progress.
3 April 2017, 18:00 PM

Reckitt Benckiser reviewing options for food business

British consumer goods maker Reckitt Benckiser is reviewing strategic options for its small food business, it said on Monday, as it seeks to pay down debt following its planned $16.6 billion purchase of Mead Johnson.
3 April 2017, 18:00 PM

Textile company places rare bet on Turkey's Kurdish southeast

IN Turkey's mainly Kurdish southeast, deeply scarred by conflict between state forces and militants, a textile firm that supplies companies across Europe plans three new factories - a rare bet the government can deliver on a vow to regenerate the region.
3 April 2017, 18:00 PM

Eurozone unemployment falls to near 8-year low

Unemployment in the eurozone fell in February to its lowest level since May 2009 as a hiring spree took hold despite uncertainty over Brexit, EU figures showed Monday.
3 April 2017, 18:00 PM

Tsipras says deal with creditors hinges on debt relief

Greek Prime Minister Alexis Tsipras said Sunday that "significant steps" would be needed on reducing his country's debt in order for Athens to finalize a long-delayed deal with its international creditors.
3 April 2017, 18:00 PM

Tesla delivers quarterly record of 25,000 vehicles in Q1

Tesla Inc, the US luxury electric car maker, said on Sunday first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter.
3 April 2017, 18:00 PM

State Bank of India sees cost savings after merger with units

State Bank of India, the nation's top lender by assets, expects no nasty surprises on bad loans after merging five subsidiary banks with itself at the weekend in a deal that will help it save costs and gain scale, senior executives said.
3 April 2017, 18:00 PM

Business confidence rises again in Japan

Confidence among Japan's biggest manufacturers has risen for the second straight quarter, a key central bank survey showed Monday, a welcome boost for the world's third-largest economy.
3 April 2017, 18:00 PM

Made in Senegal? New industrial park woos Chinese firms

Four new factory buildings rise up from fields on the outskirts of Senegal's capital, the first phase of a government plan to woo Chinese companies shifting low-end manufacturing to Africa as wages in East Asia rise.
3 April 2017, 18:00 PM

Oil prices steady

Oil futures held steady on Monday as a rebound in Libyan oil production over the weekend weighed against upbeat economic data from Asia that pointed to strong energy demand from the region.
3 April 2017, 18:00 PM