French minister vows to cut red tape for investors
A French minister vowed Thursday to cut bureaucracy in a bid to lure foreign investors, and said her South Korean roots would help to boost France's profile in booming Asia.
07 March 2013
ArcelorMittal Temirtau to cut 3,000 jobs
ArcelorMittal Temirtau is lowering the production volumes mainly because of oversupply of steel at the global market, and axes jobs.
Firm sorry for 'Keep Calm and Rape' shirts
A T-shirt company has issued an apology for advertising tops with slogans such as "Keep Calm and Rape A Lot" and "Keep Calm and Kill Her", with its founder saying Wednesday the firm may go under.
Spanish shirt-seller is world's third-richest man
The recession ravaging Spain's economy has not held back Amancio Ortega, a railwayman's son from Galicia, who has just leaped to third place in Forbes magazine's listing of the richest people in the world.
Economic gloom overshadows euro finance ministers meeting
Eurozone finance ministers meet Monday against the backdrop of a weak economy and increased political uncertainty after inconclusive polls in Italy, the group's third largest economy.
04 March 2013
Air China to buy 31 Boeing planes
Air China signed an agreement Friday to buy 31 Boeing passenger and cargo planes from Boeing, subject to government approval.
02 March 2013
Judge slashes $1 bn Samsung-Apple penalty in half
A judge on Friday cut $450 million from a $1 billion award to be paid by Samsung in a landmark patent lawsuit from Apple, saying a jury had wrongly calculated the damages.
02 March 2013
$85 billion austerity hit lines up US economy
An $85 billion dollar austerity time bomb was to detonate against the US economy Friday, as President Barack Obama blamed a Republican refusal to compromise for a failure to avert "dumb" spending cuts.
Asian markets mostly down, weak China data
Asian markets were mostly lower on Friday as traders took a breather after healthy gains in the previous session while Chinese data showed growth in manufacturing activity had slowed.
01 March 2013
Shymkent faces construction boom
Kazakhstan's southern city of Shymkent will become a major metropolis in 4 years: chief architect of South-Kazakhstan oblast Ashirbayev.
01 March 2013
Facebook buys advertising firm from Microsoft
Facebook agreed Thursday to buy Atlas Advertiser Suite from Microsoft as part of an effort to boost ad revenues at the massive social network.
01 March 2013
Royal Bank of Scotland posts 2012 net loss of £5.971 billion
State-rescued Royal Bank of Scotland said Thursday that net losses almost tripled to £5.97 billion in 2012, when it was hit by compensation payouts, Libor rate-rigging fines and a vast accounting charge.