Moody's cuts top French rating, terms outlook negative
France came under fresh economic pressure as the international ratings agency Moody's cut the French government bond rating by one notch from the highest level to "Aa1".
BoJ holds off fresh easing despite calls for action
The Bank of Japan held off launching fresh easing measures on Tuesday, despite growing calls for further stimulus to spur the economy and as it warned of a "high degree of uncertainty".
20 November 2012 16:35
Moody's warns on Italy's banks
Rating agency Moody's warned Monday that Italy's banks face worsening conditions over the coming year with asset quality declining, low profitability, and poor access to markets for funds.
US pushing 'jobs diplomacy' after costly wars: Clinton
The United States will push its economic interests more aggressively to preserve its global leadership after being tied down by two wars in the past decade, Secretary of State Hillary Clinton said Saturday.
17 November 2012 13:47
BP to pay record $4.5 bn fine over US oil spill
BP agreed Thursday to pay a record $4.5 billion in US fines for the 2010 Gulf of Mexico oil spill and pleaded guilty to 14 counts including felony manslaughter in the deaths of 11 workers.
16 November 2012 18:43
BP says in 'advanced discussions' to settle Gulf spill case
British energy giant BP said on Thursday it was in advanced discussions to settle open criminal and regulatory cases with US authorities over the 2010 Gulf of Mexico oil spill disaster.
BHP sells diamond assets for $500 million
The world's largest miner BHP Billiton on Wednesday said it was exiting the diamond industry, selling its Canadian assets to retailer Harry Winston Diamond Corp. for US$500 million.
Islamic Bank allocated $25 million to Kazakhstan farmers
The Fund for Financial Support to Agriculture has started a series of seminars on Islamic financing for personnel of branches and representative offices in 11 regions of Kazakhstan.
Calls for BBC overhaul after chief quits in abuse row
The chairman of the BBC's governing board called Sunday for radical change in the world's largest broadcaster after it was plunged into crisis following the resignation of its chief executive in a sex abuse row.
12 November 2012 15:22
Greece eyes fresh bailout funds after budget passed
The Greek parliament on Sunday approved a slashed 2013 budget which the government has vowed will secure the release of foreign aid vital to save the debt-ridden country from insolvency.
