Oil prices on Monday climbed to a nine month high, close to $105 a barrel on the New York Mercantile Exchange, after Iran’s oil ministry said late on Sunday that it had halted crude exports to both ...
Anglo-Australian miner Rio Tinto said on Thursday that its top executives will not take a bonus this year following an $8.8bn hit on its aluminium business Alcan. The mining giant reported a 50 percen...
Switzerland’s biggest lender by assets, UBS AG, announced on Tuesday a 76 percent fall year-on-year in net profits for the fourth quarter of 2011 in the wake of its $2bn rogue trading scandal last y...
The Chinese government on Monday announced it has prohibited state-owned airlines from paying EU-imposed charges on carbon emissions. The move by the Civil Aviation Administration of China, which is t...
The US Justice Department late on Thursday announced it had filed criminal charges against Wegelin & Co, Switzerland’s oldest private bank, for purportedly helping wealthy US citizens evade tax...
The globe’s biggest listed commodities trader, Glencore International, and Anglo Swiss mining giant Xstrata, on Thursday announced they are in talks about a possible merger. The mining group said th...
French defence supplier Dassault Aviation has been chosen as India’s preferred bidder in an eagerly contested $20bn race to provide 126 fighter jets to India. The Dassault Rafale fighter jet was nam...
After a decade at the helm the governor of New Zealand’s Reserve bank, Alan Bollard, on Monday announced he is to step down in September after deciding not to seek a third term in office. The move c...
Swiss engineering giant ABB on Monday said it is buying US electrical equipment manufacturer Thomas & Betts in a $3.9bn cash transaction. The world’s largest producer of power and automation te...
UK Prime Minister David Cameron late on Thursday launched an attack on his European counterparts at the World Economic Forum about their planned transaction tax “madness.” Cameron said the introdu...