EU finance ministers reach banking union dealEU finance ministers Wednesday reached a banking union accord which will hand Brussels unprecedented new powers to prevent failing banks from wrecking the economy, official sources said.
Hit like ton of BRICS: 2013 tough year for emerging marketsOnly recently hailed as the saviours of the world economy, emerging markets had a tough year in 2013, hit by slow growth, market instability and social unrest that have worried investors -- though some analysts say the fear is overblown.
Apple wins court battle against SamsungSouth Korea's Samsung on Thursday lost its latest claim in a long-running global copyright battle against bitter rival Apple, a surprise blow to the electronics giant in its home market.
12 December 2013
Chinese investors look to mine Bitcoin volatilityChinese speculators have seen Bitcoin values plunge, soar and plunge again within days, but say the virtual currency's extreme volatility is a profit opportunity despite the white-knuckle ride.
US jobless rate drops to five-year lowThe US jobless rate fell sharply to 7.0 percent in November, a five-year low, raising the odds Friday that the Federal Reserve could soon cut its huge stimulus program.
07 December 2013
WTO pact in doubt after Latin America objectionsNegotiations on a global trade deal teetered on the brink of collapse Saturday as Latin American countries objected to the removal of a reference to the US embargo on Cuba, the WTO said.
07 December 2013
Make-or-break WTO meeting goes down to the wireCommerce ministers engaged in an eleventh-hour flurry of diplomacy on Friday, hoping to save a WTO package amid stark warnings that failure could permanently cripple the global trade body.
06 December 2013
Ford's Mustang muscle car gets 50th birthday makeoverThe Mustang, the iconic American muscle car, got a makeover for its 50th anniversary Thursday, with Ford aiming to repeat is huge US success in global markets such as China.
06 December 2013
China may mean gold for AppleIt could be a huge breakthrough for Apple to win a place in the line-up of China's largest telecom provider and a big shakeup for the smartphone market.
Qantas to cut 1,000 jobs, says challenges "immense"Australian carrier Qantas announced the axing of 1,000 jobs and warned of "immense" challenges ahead in a shock profit downgrade Thursday, flagging a half-year loss of up to Aus$300 million (US$271 million).
05 December 2013
Japan Tobacco and Philip Morris buy 40% of Russian distributorJapan Tobacco (JT) and Philip Morris will each buy a 20 percent stake in Russian distributor Megapolis for a total of more than $1.5 billion, as the rivals move to tap the world's second-biggest cigarette market.
05 December 2013
Pay-what-you-like restaurant in China loses thousandsA Biblically-named restaurant in China where patrons can pay whatever they want -- or nothing at all -- has shown that while loving your neighbour may be laudable, it is a risky business model.
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