Published:Tuesday | September 22, 2015 | 11:28 AMAP
Relief washed over the bond market last week after the United States Federal Reserve decided to hold off on hiking interest rates. But many investors were left to wonder: Was it just a temporary reprieve?The stakes are high for bond mutual funds,...
The leader of the South American country of Guyana said Saturday that he will seek intervention from the International Court of Justice to help settle a border dispute with neighbouring Venezuela. President David Granger said he plans to tell the...
Published:Monday | September 21, 2015 | 12:59 PMAP
Pressure piled on the head of Volkswagen on Monday in the wake of an emissions-testing scandal that's seen around €15 billion (US$16.9 billion) wiped off the company's market value. Following revelations that the German carmaker had...
Amazon is dangling a US$50 tablet computer in its latest attempt to lure consumers who can't afford or don't want the more expensive Internet-connected devices made by Apple and other rivals.The 7-inch Fire tablet unveiled Thursday marks Amazon's...
Published:Wednesday | September 16, 2015 | 2:33 PMAP
The makers of Budweiser aren't satisfied with being the kings of beer. They want an empire.Anheuser-Busch InBev, the world's biggest brewing company and the owner of Budweiser, announced Wednesday it wants to buy SABMiller, the second-largest brewer...
Published:Wednesday | September 16, 2015 | 10:38 AMAP
The world's two biggest brewers could be joining forces after Anheuser-Busch InBev, the maker of Budweiser and Corona, said Wednesday it has made a takeover approach to SABMiller Plc, the owner of Miller Genuine Draft and Peroni. While no...
China's Communist Party issued a long-awaited blueprint for overhauling bloated state industries while retaining the party's dominance in the economy.The government of President Xi Jinping is under pressure to reverse an economic slowdown and reduce...
Published:Tuesday | September 15, 2015 | 11:02 AMAP
The US Virgin Islands has filed a lawsuit against American oil company Hess Corp for more than US$1 billion, alleging the firm abandoned a massive oil refinery it had pledged to run through to the year 2022.Within hours of the filing Monday, the...
Published:Tuesday | September 15, 2015 | 12:11 PMAP
Preorders for its latest iPhone have been so strong that Apple expects to surpass last year's record, when it sold 10 million phones during the first weekend.Apple began taking preorders for the iPhone 6s and iPhone 6s Plus on Saturday.The new...
Published:Tuesday | September 15, 2015 | 11:58 AMAP
BMW CEO Harald Krueger collapsed Tuesday during a news conference at the Frankfurt auto show and was helped offstage by staff. His condition was not serious, the company said later. Krueger stumbled backward and fell on his back during the first...
Published:Thursday | September 10, 2015 | 10:48 AMAP
Puerto Rico is bracing for widespread spending cuts after the government released a long-awaited fiscal reform plan on Wednesday that would reduce much of the island's US$72-billion public debt and calls for restructuring the remainder at the...
Published:Wednesday | September 9, 2015 | 2:51 PMAP
Apple is taking a small step with its latest iPhone while trying to make a bigger leap in other key markets with its largest iPad yet and a long-awaited overhaul of its online video box for TVs. The trend-setting company unveiled its newest twists...
Published:Wednesday | September 9, 2015 | 1:30 PMAP
United Airlines abruptly replaced its CEO as a federal investigation continued into whether the airline gave preferential treatment to a former chairman of the agency that operates the New York-area airports who has political ties to New Jersey...
Published:Tuesday | September 8, 2015 | 12:11 PMAP
Beleaguered Brazilian President Dilma Rousseff has acknowledged that her government may have made some errors but is pledging it will get past them.In an address marking Brazil's Independence Day on Monday, Rousseff said that part of the South...
Puerto Rico's heavily indebted power company said Tuesday that it signed a contract to replace Brazilian oil giant Petrobras as the island's main fuel supplier in a bid to save money as a restructuring deadline looms. The Electric Power...
Published:Wednesday | August 26, 2015 | 10:15 AMAP
China's leaders are winding down a strategy of trying to push up slumping stock prices by spending billions of dollars to buy shares. After the Chinese market benchmark soared to a peak on June 12 and then reversed course and plunged 30 per...
US investors got a serious jolt Monday when the Dow Jones Industrial Average tumbled 1,000 points minutes after the market opened in a wave of selling that circled the globe after a historic plunge in Chinese stocks.Though the declines eased...
The price of US oil closed under US$40 a barrel on Monday for the first time since the days of the global economic crisis on fears of a slowdown in the world economy. Already trading at six-year lows on a prolonged slump, US crude fell US$2.21 to...
Growing concerns about a slowdown in China shook markets around the world on Friday, driving the US stock market to its biggest drop in nearly four years. The rout started in Asia and quickly spread to Europe, battering major markets in Germany and...
Shares of the world's biggest oil companies are tumbling to multi-year lows on new data showing that United States crude inventories continue to rise at a time of year when they are typically in decline. Commercial inventories increased by 2.6...
UNITED KINGDOMLONDON, (AP):An independent commission is urging the Roman Catholic Church in Scotland to offer an unequivocal apology to victims of sex abuse.The inquiry was set up in 2013 following a series of scandals. Disgraced Cardinal Keith O'...
Two Citigroup Inc affiliates have agreed to pay US$179.5 million to resolve federal regulators' charges of misleading investors in hedge funds that later collapsed. The US Securities and Exchange Commission announced Monday the settlement with...
China tried Thursday to ease fears of more big declines for the yuan as companies from global automakers to Chinese clothing exporters faced a new era of uncertain exchange rates. There is "no basis for persistent and substantial devaluation,...
China's yuan fell further Wednesday, fuelling concern about a possible "currency war" if other governments fight back with their own devaluations to compete in export markets.Shock waves from Tuesday's 1.9 per cent devaluation against the US dollar...
