China’s banking regulator has told commercial lenders to restrict new credit they provide to local governments’ financing vehicles, to ward off potential risks of default, state media reports. The...
Samsung Electronics, the world’s biggest consumer electronics group by sales, on Friday reported all-time-high quarterly profits for the October to December period despite the slowing global economy...
US prosecutors late on Tuesday charged three Swiss bankers with conspiring to help US citizens evade over $1.2bn in assets from the IRS. The filed indictment, which refers to ‘Swiss Bank A’ only, ...
Land sale revenue across 130 Chinese cities has dropped 13 percent year-on-year in 2011 to ¥1.86trn, said property research group China Index Academy late on Wednesday. In contrast, countrywide land ...
Miners led Britain’s FTSE 100 higher early on Tuesday, boosted by stronger-than-expected manufacturing data from China, and as the index caught up with sharp gains posted in Europe in the previous s...
Energy exploration firm Afren said production at its Ebok field, offshore Nigeria, had reached around 40,000 barrels per day (bpd), taking its end-2011 net output to some 55,400 barrels of oil equival...
When Premier Wen Jiabao addresses China’s largely ceremonial parliament, investors will prick up their ears for any hint that change is coming to the country’s currency regime. Wen, who swore ther...
The US Department of Justice has approved a $9bn merger between the NYSE Euronext and Deutsche Börse contingent on divestitures. For the deal to be fully permitted by the DOJ, Deutsche Börse will ne...
The owner of British Airways, International Consolidated Airlines, on Thursday beat competitor Virgin Atlantic in the takeover battle for BMI, Deutsche Lufthansa’s loss-making airline. IAG agreed to...
Japan has sold the yen in the market for the first time in six years, trying to stop the currency’s relentless climb from hurting exporters and threatening a fragile economic recovery. Fresh after a...