Business

Sanctions put in place amid the crisis in Ukraine have caused more problems for Europe than Russia, the chief executive of Italian bank UniCredit (CRDI.MI) was quoted as saying in an interview with a Czech newspaper. "The sanctions have caused...

Japan's Sharp Corp (6753.T) said on Friday that it would seek 300 job cuts in Europe and pursue cooperative ties in household electronics with two companies in the region in a renewed round of restructuring of its European operations. The...

... As APC Senators Kick SAN FRANCISCO, September 25, (THEWILL) – The Senate on Thursday approved President Goodluck Jonathan's request for an external borrowing of $1billion to tackle the frightening security challenges in the country. The approval was however preceded by some...

U.S. regulator the Securities and Exchange Commission is investigating whether bond fund manager Pimco inflated the returns of its Total Return Exchange-Traded Fund (BOND.P) run by founder Bill Gross, who has come under renewed fire from investors this year...

In an era of automation, robotics and spotless factory floors, you don’t expect to see car workers lugging metal along a production line. But at Volkswagen's main Wolfsburg plant earlier this year, workers had to resort to handing metal sheets...

U.S. stocks were little changed on Tuesday, as conflict in the Middle East intensified to push the energy sector higher, offsetting declines in the healthcare space after the U.S. Treasury moved to curb "tax inversion" deals. The United States and...

Shares in drugmakers AstraZeneca (AZN.L) and Shire (SHP.L) fell sharply on Tuesday after the U.S. Treasury took steps to curb "inversion" deals that allow companies to escape high U.S. taxes by reincorporating abroad. The move could jeopardize an agreed deal...

World trade in goods will grow by 3.1 percent this year, much less than the 4.6 percent forecast in April this year, the World Trade Organization said on Tuesday. The WTO said it cut the forecast due to weak economic...

British bank Barclays (BARC.L) was fined 38 million pounds ($62 million) on Tuesday for exposing customers to unnecessary risks by failing to ensure client assets were properly safeguarded and adequate records kept. Imposing its highest fine for client asset breaches,...

Chinese companies traded in the United States were lower on Monday, dropping heavily after China's finance minister indicated that the country would not increase its stimulus measures. Recent data in China has been weak, leading many analyst to lower their...