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.
Psy, Samsung push 'brand Korea' in 2012
A breakthrough year for "brand Korea" -- led by the rapper Psy and electronics giant Samsung -- has boosted efforts to promote a country that still feels overshadowed, under-appreciated and misunderstood.
11 December 2012
IMF's Lagarde warns against US fudge on fiscal cliff
The United States needs to raise taxes and cut spending to address the looming fiscal cliff, IMF chief Christine Lagarde said Sunday, warning that anything less would undermine economic confidence.
Spanish health workers stage fresh protest against cuts
Thousands of Spanish health workers clad in white medical garb marched in Madrid on Sunday in a fresh protest against government health cuts and privatisation plans, just days after a similar demonstration.
10 December 2012
With Romney filing, 2012 election spending tops $2 bn
Republican Mitt Romney raised $85.9 million in the final weeks of the White House race, his campaign said Thursday, bringing the total spent on the presidential election to a record $2 billion.
Judge calls for "global peace" in Apple-Samsung war
A judge mulling whether to trim or overturn Apple's billion-dollar damages award against Samsung on Thursday called for a ceasefire in the ongoing patent war between the smartphone titans.
US court gives Argentina new break on debt payment
A New York appeals court on Tuesday rejected a motion by hedge funds to force Argentina to make a security deposit as Buenos Aires seeks to overturn an order that it repay $1.3 billion to holders of defaulted bonds.