FedEx indicted for shipping illegal online pharmacy meds
The US Justice Department announced that package-delivery giant FedEx has been indicted for allegedly facilitating the distribution of controlled substances and prescription drugs sold by illegal online pharmacies.
China's growth speeds up to 7.5%, beats expectations
Chinese growth accelerated to a forecast-beating 7.5 percent in the second quarter, official data showed Wednesday, as government stimulus provided a much-needed boost to the world's second-largest economy.
Government slaps $579 million penalty on India's Reliance
The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.
Gold shines as investors seek shelter; oil drops again
Gold prices zoomed this week to a four-month peak as investors sought shelter from weak eurozone data and fears of contagion from a bank's problems in Portugal, dealers said.
12 July 2014
Softbank in deal to merge Sprint, T-Mobile: report
Japan's SoftBank and Deutsche Telekom of Germany have reached a basic agreement for a merger between their US affiliates Sprint and T-Mobile US, the business daily Nikkei reported.
12 July 2014
Ride-share operator Lyft's New York launch hit snag
Ride-share operator Lyft was forced to postpone its planned launch in New York after a court intervened over demands that it satisfy local safety and licensing requirements.
12 July 2014
Kazakhstan announces its international reserves figure
The gold and FX reserves of the Central Bank grew by 7.1% to reach $26.471 billion from January to June 2014, with the assets of the National Oil Fund growing by 8.21% to reach $76.607 billion.
10 July 2014
China's economy on track as June trade surplus jumps
China's monthly trade surplus jumped 16.4 percent in June to $31.6 billion, official data showed Thursday, as exports and imports both rose in the latest sign of recovering strength in the world's second-largest economy.
10 July 2014
Japan shipping giant plans first regular Arctic route
Japan's Mitsui O.S.K. Lines announced plans for the world's first regular commercial shipping route through the Arctic Ocean, starting in 2018, in an attempt to reduce sailing times.
09 July 2014
Chinese court rules against Apple in patent case
US technology giant Apple has lost a lawsuit against a Chinese state regulator over patent rights to voice recognition software such as the iPhone's "Siri", a Beijing court said.