US consumer inflation hits three-year high fuelled by Iran war
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Oil prices jump on latest US-Iran peace process impasse
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Venture funding for startups still surging
Investors pumped some $32.5 billion into more than 1,800 venture-backed companies around the world in the past quarter, amid feverish interest in tech startups, a survey showed Thursday.
23 July 2015, 18:00 PM
Wal-Mart buys out China e-commerce firm Yihaodian in online push
Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday.
23 July 2015, 18:00 PM
GM earnings surge on solid sales in US, China
General Motors reported Thursday that earnings quadrupled due to solid sales in the US and China even as revenues were dented by the strong dollar.
23 July 2015, 18:00 PM
McDonald's earnings drop
McDonald's reported lower quarterly earnings Thursday behind a drop in comparable sales and declining traffic in all major segments.
23 July 2015, 18:00 PM
Greek parliament passes second crucial bailout bill
Greece's parliament on Thursday passed legislation on a second batch of reforms needed to help unlock a huge international bailout for the country's stricken economy.
23 July 2015, 05:41 AM
Toshiba president, senior execs quit over $1.2 bn scandal
Toshiba president Hisao Tanaka and his predecessor Norio Sasaki resign over a $1.2 billion accounting scandal blamed on management's overzealous pursuit of profit that has battered one of Japan's best-known firms.
21 July 2015, 06:58 AM
Yellen sticks to 2015 timeline for first US rate hike
FEDERAL Reserve Chair Janet Yellen stuck to her forecast for an increase in the Fed's key interest rate later this year on Wednesday, predicting a pickup in the US economy.
15 July 2015, 18:00 PM
Toshiba CEO to quit in accounting scandal
Toshiba Corp expects 300-400 billion yen ($2.4-3.2 billion) in charges related to improper accounting in an expanding probe that is set to force Chief Executive Hisao Tanaka to step down, sources familiar with the matter said on Wednesday.
15 July 2015, 18:00 PM
IMF threat to pull out of Greek bailout challenges Germany
THE International Monetary Fund's threat to pull out of bailouts for Greece unless European partners grant Athens massive debt relief poses a stark challenge to Germany, the biggest creditor, which insists on IMF involvement in any future rescue.
15 July 2015, 18:00 PM
Battle over Samsung merger holds potential for change
A bitter dispute over the proposed merger of two Samsung affiliates comes to a head Friday with a shareholder vote that could -- whatever the result -- force a shift in corporate governance practice among South Korea's giant, family-run conglomerates.
15 July 2015, 18:00 PM
Air pollution costs France 100b euros a year
The effects of air pollution cost France some 100 billion euros ($110.1 billion) each year, a French Senate committee report estimated Wednesday, citing impact to health as the major expense.
15 July 2015, 18:00 PM
China's GDP growth beats forecasts as stimulus kicks in
China's GDP expanded 7.0 percent year-on-year in the second quarter, official data showed Wednesday, beating expectations as months of central bank policy stimulus helped support the world's second-largest economy.
15 July 2015, 18:00 PM
Bank of Canada cuts key lending rate to 0.5 percent
Canada's central bank cut its key lending rate by a quarter-point to 0.5 percent Wednesday in a bid to stimulate an economy that fell into recession in the first half of the year.
15 July 2015, 18:00 PM
Amazon's profitless path
Twenty years ago today Amazon sold its first book, created the first online book store and went on to become a hugely profitable internet superpower. Today it's celebrating that anniversary with Amazon Prime day, 24 hours of special offers which will be the biggest day of e-commerce the world has ever seen.
15 July 2015, 18:00 PM
Sri Lanka seeks new funding sources in shift away from ally China
Sri Lanka is seeking cheaper funding sources to replace billions of dollars in debt from Chinese banks, government officials said, as the six-month-old government distances itself from Beijing weeks before a general election.
15 July 2015, 18:00 PM
Former-HSBC boss regrets mistakes made with Swiss, Mexican deals
HSBC should have made deeper checks before buying a Swiss private bank that allegedly allowed customers to dodge taxes and a Mexican business that breached anti-money laundering rules, its former chairman said.
15 July 2015, 18:00 PM
Asia Inc looks to post-sanctions Iran for demand spurt
From steelmakers to construction firms, industrial companies in Asia hope an end to sanctions in Iran can provide a new source of sorely-needed demand.
15 July 2015, 18:00 PM
British unemployment in surprise rise
Britain's unemployment rate climbed to 5.6 percent in the quarter ending in May, with the number of jobless up for the first time in over two years, data showed Wednesday.
15 July 2015, 18:00 PM
Oil prices fall back after Iran-fuelled gains
Oil futures slid Wednesday as markets started to price in the impact on supplies of Iran's historic deal with Western powers regarding the Islamic republic's suspected nuclear ambitions.
15 July 2015, 18:00 PM
Bank of Japan cuts growth forecast
Japan's central bank on Wednesday cut its annual growth and inflation forecasts for the world's third-largest economy, with analysts warning weaknesses remained and the downgrade hinted at a disappointing second quarter.
15 July 2015, 18:00 PM