China manufacturing in second month of contraction
China's manufacturing activity contracted for a second straight month in September, according to official data released Monday, falling short of expectations for expansion.
Slovak PM says eurozone will not survive in current form
The eurozone is unlikely to survive in its current form and one or more countries will probably have to leave the 17-nation single currency bloc, Slovakia's Prime Minister Robert Fico said Sunday.
01 October 2012
Greek PM stresses urgency of austerity deal
Greek Prime Minister Antonis Samaras stressed the urgency of sealing an austerity pact ahead of crucial talks Monday between Greek officials and the so-called troika of international creditors.
01 October 2012
Chevron pays $17.5 mn fine for Brazil spill
US oil firm Chevron has paid a $17.5 million fine for a major spill off Rio de Janeiro state last year, Brazilian authorities said Thursday.
30 September 2012
Greek prisons groaning under austerity cuts
Austerity cuts imposed in Greece have created an explosive situation in the country's overcrowded prisons, where sanitation and food services are in disarray, insiders warn.
29 September 2012
Heineken takeover of Tiger Beer maker approved
Shareholders in the parent company of the Singapore-based brewer that makes Tiger Beer on Friday approved the firm's takeover by Dutch giant Heineken.
29 September 2012
Spain tightens austerity screw in 2013 budget
Spain's government unveiled Thursday a 2013 budget that tightens austerity even in the teeth of growing protests, easing the path to a widely expected sovereign bailout.
Deficit-cutting French budget to test Hollande credibility
France will present its 2013 budget Friday with President Francois Hollande's credibility on the line as he seeks to rein in public finances and reassure financial markets without stirring public anger.
27 September 2012
BHP requests four more years for major mine plan
Mining giant BHP Billiton on Thursday asked South Australia state for a 46-month extension to the approval of its Olympic Dam project expansion, which was shelved last month on cost concerns.
27 September 2012
Toyota, Nissan cut China output over island row
Japanese auto giants Toyota and Nissan are reducing production in China because demand for Japanese cars has been hit by a bitter row over disputed islands.
26 September 2012
Delays have left Greece with finance gap: Lagarde
International Monetary Fund chief Christine Lagarde said Monday that delays in implementing Greece's bailout program, including privatization, have expanded the country's financing shortfall.
26 September 2012
Cash-starved N. Korea secretly sells gold: report
North Korea has been secretly selling gold to make up for shortages of hard currency after it spent millions of dollars on celebrating the 100th birthday of its founder.
25 September 2012
Lebanon ready to drill for offshore gas: minister
Lebanon is technically ready to start drilling for offshore natural gas reserves, its energy minister said on Monday, after exploration in around half the country's exclusive economic zone was completed.
25 September 2012
CNN hits back in row over using slain US envoy's diary
CNN on Monday hit back at accusations by a top US State Department official that it had engaged in "distasteful" reporting by using the contents of a diary belonging to slain US ambassador to Libya.
25 September 2012
Israel okays development of Gaza offshore gas field
Israel has held new talks with the Palestinians over the development of a gas field off the coast of the Gaza Strip, the Israeli foreign ministry said in a new report released on Sunday.