Dollar falls as fiscal cliff worries grow
The dollar dropped to its lowest level against the euro in three months Friday, the euro going above $1.31 as politicians in Washington appeared no closer to averting the economy-crunching fiscal cliff.
16 December 2012
Coca-Cola FEMSA to acquire Philippine bottler
Coca-Cola FEMSA of Mexico is to take control of the US soft drink firm's bottling operations in the Philippines in a $688.5 million cash deal.
EU leaders end year on high with Greece, bank deals
EU leaders put a crisis-hit year behind them at the last summit of 2012 Friday, trumpeting hard-fought deals on Greece and banks but seemed to row back on reforms to fix the euro's shortcomings.
Obama, Boehner meet in fiscal cliff talks
President Barack Obama and Republican House Speaker John Boehner held surprise talks Thursday, as time ran short for hopes of a pre-Christmas deal to solve a fiscal crisis that could cause a recession.
14 December 2012
EU on verge of bridging pre-summit gulf on banks watchdog
European governments argued through the night in a bid to agree a deal on tightening the oversight of eurozone bank, hours before leaders stage on Thursday their final summit of a gruelling third year in debt-crisis mode.
Peru approves free trade agreement with EU
Peru has approved a free trade agreement with the European Union and Colombia that will allow 75 percent of agricultural products and 100 percent of other goods to enter the eurozone duty-free.
13 December 2012
US financier tied to Pinochet money laundering dies
Texas financier and media magnate Joe Allbritton, who lost the scandal-racked Riggs bank to a hostile takeover after it was fined for helping Chilean dictator Augusto Pinochet launder money, has died at the age of 87.
13 December 2012
German company suspected of bribery in Kazakhstan
GfT Bautechnik, an affiliated company of ThyssenKrupp, took part in construction of artificial islands in the Caspian Sea and supplied cutoff piling there.
13 December 2012
'Gulf princesses' hold key to lingerie firm revival
Gulf princesses. The key to success holds in two simple words for Maison Lejaby, a historic lingerie maker rescued from collapse 10 months ago, and newly revived as a purveyor of "Made in France" luxury.
12 December 2012
IMF warns Hong Kong property faces price correction
The International Monetary Fund on Wednesday warned that Hong Kong could see an abrupt fall in property prices after years of dramatic increases in one of the world's most expensive housing markets.
PPR joins luxury sector rivals on China gold rush trail
PPR, the French retailer that has snapped up Hong Kong jeweller Qeelin, intends to leverage the brand to build its presence in China and across Asia in a path already trodden by up-market rivals such as Richemont and Hermes.
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Best Kazakhstan-made goods being selected in Astana
A state contest-exhibition Best Kazakhstan Goods-2012 kicked off in Korme exhibition center in Astana on December 11.
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