Mexico cuts 2013 growth forecast to 3.1%
Mexico cut its 2013 growth forecast on Friday after the economy expanded less than expected in the first quarter due to slumping industrial production and near stagnant exports.
18 May 2013 14:04
ANA reports fault on modified Dreamliner
Japan's All Nippon Airways on Friday said a modified Dreamliner had experienced a fault earlier this month, but insisted it would not affect the restart of the high-tech planes.
18 May 2013 10:00
Rio Tinto puts largest 'red' diamond on market
Rio Tinto said Friday it was putting up for sale the biggest "red" diamond ever produced by its Australian mine amid an "explosion" in demand from Asia for the rare pink-hued stones.
Hollande's headache worsens as France slips into recession
President Francois Hollande's nagging headache to reboot the French economy has turned into a migraine as the economy slipped into its second recession in four years, fuelling speculation of an impending cabinet reshuffle.
16 May 2013 17:14
Japan economy grows again, points to recovery
Japan said Thursday that its economy grew again in the quarter to March, pointing to a recovery as Tokyo and its hand-picked central bank team set about stoking the world's third-largest economy.
16 May 2013 16:46
Upbeat New Zealand heading back to the black
New Zealand on Thursday bucked the international trend toward austerity budgets and lifted spending modestly, while still predicting its books will be back in the black within two years.
16 May 2013 14:18
Toyota becomes Asia's biggest firm by market value
Toyota has accelerated past South Korea's Samsung Electronics to become Asia's biggest company by market value, after the Japanese automaker's shares doubled in the past year.
16 May 2013 11:18
BHP to scale back capital spending by a fifth
Global mining giant BHP Billiton has outlined plans to slash capital spending by almost a fifth, with new chief executive Andrew Mackenzie warning the brakes could be applied even further.
Romania, Kazakh oil firm settle debt dispute
Romania and the Kazakh oil company KazMunayGaz have settled their dispute over a 500-million-euro ($658-million) debt and pledged to invest together in energy projects.
G7 talks growth, austerity amid yen concerns
The G7 top economies are set for a second day of talks aimed at spurring growth amid US-Europe divisions over the scale of austerity and renewed market focus on "currency wars".
12 May 2013 11:42
Icahn revamps Dell offer, calls buyout 'giveaway'
A battle for US computer giant Dell heated up Friday as corporate raider Carl Icahn and other investors made a new offer and called a planned buyout led by company founder Michael Dell a "giveaway."
11 May 2013 16:41
New Zealand's Mighty River in strong stock market debut
Shares in hydro-electric generator Mighty River Power debuted on the New Zealand stock exchange at NZ$2.73 ($2.29) Friday, a 9.2 percent premium on the NZ$2.50 initial public offer (IPO) price.
11 May 2013 11:21
Turkish Airlines reverses lipstick ban for stewardesses
Turkish Airlines has reversed a ban on air hostesses wearing brightly-coloured lipstick following accusations it was trying to Islamise the company under government influence.
