Australia's Billabong posts mammoth $771mn loss
Embattled Australian surfwear brand Billabong reported a huge Aus$859.5 million (US$771.7 million) net annual loss Tuesday -- triple the firm's market value and far worse than analyst forecasts.
Greece may need new bailout of 10bn euros
Greek Finance Minister Yannis Stournaras said that if Greece required a new bailout in 2014, it would be a "much smaller" package of around 10 billion euros with no austerity conditions attached.
26 August 2013 13:18
Brazil to spend $55 billion to defend sagging real
Markets and analysts cheered Friday after Brazil's central bank pledged $55 billion until year's end to prop up the sagging real while Latin America's biggest economy is showing weak growth.
Microsoft eyes new course as Ballmer sets retirement
Microsoft chief executive Steve Ballmer announced Friday he would retire within 12 months, opening a new chapter for a company struggling to keep pace with the fast-changing tech sector.
Nokia says India 'least favourite market': report
Finnish telecom giant Nokia has told India's government that the country is now its "least favourable market" to operate in and it makes better sense to export its products from China.
23 August 2013 17:09
TENGRI LIFE
TENGRI TRAVEL
UK Islamic TV channel fined for inciting violence
Britain's broadcasting watchdog fined an Islamic television channel £85,000 ($133,000, 99,700 euros) after a presenter said anyone disrespecting the Prophet Mohammed should be killed.
22 August 2013 18:49
China manufacturing rebounds: HSBC
A closely watched indicator of Chinese manufacturing turned positive for the first time in four months in August, HSBC said Thursday, in a sign of renewed strength in the world's second-largest economy.
22 August 2013 13:36
US manufacturing gaining on competition: study
After decades of hollowing out, US manufacturing is overtaking competitors and stands to grab up to $115 billion more in export business from rivals by 2020.
21 August 2013 17:38
Al-Jazeera America goes live, woos viewers
Al-Jazeera America went live Tuesday, accompanied by a campaign of traditional and social media for its cable channel launch, as it pledged to outdo its rivals with serious, in-depth journalism.
Tokyo shares open lower after Wall Street losses
Tokyo shares opened lower Tuesday, following a weak showing on Wall Street as speculation lingers that the US Federal Reserve will scale back its bond-buying programme.
20 August 2013 12:41
Japan firm says skin stain complaints top 7,000
Japanese cosmetics maker Kanebo said Monday the number of complaints about skin discolouring from using its whitening products has topped 7,000 from customers both at home and abroad.
