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China's July foreign currency reserves fall to $3.20tn

China's foreign exchange reserves fell to $3.20 trillion in July, central bank data showed on Sunday, in line with analyst expectations.
7 August 2016, 18:00 PM

Chilean salmon industry tries to kick antibiotic habit

Chile's salmon industry, the second-largest in the world, is trying to cut back its heavy use of antibiotics, which pollute the environment and could cause new super-bacteria to emerge.
7 August 2016, 18:00 PM

Vedanta Resources aims to close merger with Cairn India in early 2017

Mining and energy group Vedanta Resources expects to complete its merger with Cairn India early next year, a move that would boost the firm's financial strength, Vedanta's CEO said on Friday.
7 August 2016, 18:00 PM

Ukraine sees solar power as Chernobyl's future

Imagine one of the largest solar farms ever at the site of the world's worst man-made nuclear disaster that struck Chernobyl in modern-day Ukraine and sowed panic across Europe.
7 August 2016, 18:00 PM

Kenya Airways: 'Pride of Africa' tries to stop a long fall

When Kenya Airways published the country's worst-ever corporate results last month, the scale of the loss revealed the effects of several disastrous decisions that the national carrier is struggling to reverse.
7 August 2016, 18:00 PM

Beverley Postma joins HarvestPlus as CEO

HarvestPlus has announced the appointment of Beverley Postma as its new CEO.
7 August 2016, 18:00 PM

Afghan tourism brings reward as well as risk; government urges caution

When police stopped a van that was travelling across central Afghanistan to the western city of Herat, they were in for a big surprise: it was full of Western tourists.
6 August 2016, 18:00 PM

PwC must face $1b MF Global malpractice lawsuit: US judge

A federal judge rejected PricewaterhouseCoopers' bid to dismiss a $1 billion lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage once run by former New Jersey Governor Jon Corzine.
6 August 2016, 18:00 PM

Why India's GST is one of the world's most complex tax reforms

WILL India, a $2 trillion (£1.5 trillion) economy with 1.3 billion consumers, now become a truly single market?
6 August 2016, 18:00 PM

Alibaba says it is not making any investment in Netflix

Alibaba Group Holding Inc is not making an investment in Netflix Inc, Alibaba spokesman Bob Christie told Reuters on Friday.
6 August 2016, 18:00 PM

Nissan in talks with Panasonic, others to sell battery operations

Nissan Motor Co is in talks with Panasonic Corp and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said.
6 August 2016, 18:00 PM

Novo Nordisk cuts growth forecast as profit jumps

The world's largest maker of diabetes treatments, Novo Nordisk, on Friday lowered its annual sales and profit growth forecast, citing price pressure in the United States, as it posted a 19 percent rise in quarterly earnings.
6 August 2016, 18:00 PM

Leading Russian mobile operator leaves troubled Uzbek market

Major Russian mobile operator Mobile TeleSystems (MTS) has abandoned its stake in a lucrative joint venture in corruption-prone Uzbekistan, the Central Asian country's communications ministry said late on Friday.
6 August 2016, 18:00 PM

Strong US employment report brightens economic outlook

US employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth, and raising the probability of a Federal Reserve interest rate increase this year.
6 August 2016, 18:00 PM

Nokia to cut deeper as merger spills red ink

Finnish telecom equipment manufacturer Nokia said Thursday it aims to accelerate savings after costs of absorbing former French-American rival Alcatel-Lucent pushed it into a second-quarter loss.
6 August 2016, 18:00 PM

JPMorgan denies having planned to buy Italy's BMPS

US bank JPMorgan Chase denied Friday that it ever intended to buy troubled Italian rival BMPS, as people close to the alleged deal had reported.
6 August 2016, 18:00 PM

Bitcoin not money, judge rules in victory for backers

Bitcoin, a Florida judge says, is not real money. Ironically, that could provide a boost to use of the crypto-currency which has remained in the shadows of the financial system.
6 August 2016, 18:00 PM

Business groups sue over new US limit on tax-driven foreign buyouts

Two business groups sued the Obama administration on Thursday over a crackdown on US companies that try to reduce their US taxes by rebasing abroad in a process known as inversion.
6 August 2016, 18:00 PM

Toyota braces for impact of stronger yen

Toyota Motor Corp flagged its smallest annual profit in four years for 2016/17 as the Japanese automaker braces for the impact from a strengthening yen amid slowing demand for some of its car models in the key North American market.
4 August 2016, 18:00 PM

Nokia quarterly profit halves on weak network sales

Nokia's second-quarter profit fell more sharply than expected as telecom operators around the world spent less on faster mobile networks, prompting the company to lift its cost-cutting target following its merger with Alcatel-Lucent.
4 August 2016, 18:00 PM