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 15:17
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.
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 17:37
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 14:52
'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 17:36
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.
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.
