Business

Slow Start To 2014 For Shares, China Disappoints

World share markets made a soft start to 2014 on Thursday in the wake of disappointing data on Chinese manufacturing, while investors showed renewed appetite for commodities and the dollar as the new year got underway. Gold grabbed the limelight...

Fiat Shares Jump On Chrysler Merger Deal But Worries Remain

Fiat shares jumped on Thursday after it struck a $4.35 billion deal to gain full control of Chrysler Group LLC, but doubts remained over whether the Italian carmaker can use the merger to cut losses in Europe. Investors welcomed the...

Wal-Mart Recalls Donkey Product In China After Fox Meat Scandal

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Wal-Mart Stores Inc, the world's largest retailer, has recalled donkey meat sold at some outlets in China after tests showed the product contained the DNA of other animals, the U.S. company said. Wal-Mart will reimburse customers who bought the tainted...

Asia’s Manufacturers Buoyant At End 2013, China A Question Mark

Asia's manufacturing sector ended 2013 on a strong note, with expansion hitting multi-year highs in export-driven Japan and Taiwan, but signs of moderation in China raises concerns about the outlook for the new year. Both official and private measures of...

Hyundai, Kia Face Fading Growth As Currency Tides Buoy Japan Rivals

The man who led South Korea's auto industry on a tear through the last decade said Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) expect what will be their lowest annual sales growth since 2003 as the weak...

India Cancels AgustaWestland Helicopter Deal: Source

India has cancelled its scandal-hit $770 million helicopter deal with AgustaWestland, part of Italian defense group Finmeccanica (SIFI.MI), a senior defense ministry official told Reuters on Wednesday. India froze payments for the 12 AW101 helicopters after Finmeccanica's then chief executive...

Analysis: Scarred U.S. Consumers A Hard Sell For Traditional Retail

If there was one lesson from this year's holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks. A lot of stores had to discount heavily to...

China House Prices Show Signs Of Stabilizing: Surveys

Chinese property prices rose again in December, according to two private surveys, but are showing signs of stabilizing following government measures aimed at cooling the housing market and averting the threat of a bubble. Prices of new homes in 288...

China Central Bank Reiterates New Year Promise Of Stable Policy

China's central bank reiterated its promise of stable, prudent and consistent monetary policy in 2014 on Tuesday, while pushing reforms of the financial system as it looks to support growth in the world's second-largest economy. In a new year message...

World Shares Enjoy Vintage Year, Seen Gaining More In 2014

World stocks were ending 2013 close to six-year peaks on Tuesday and benchmark bond yields were poised for their first annual rise since 2009 as investors celebrated a pick-up in global growth with expectations of more to come. Thanks to...
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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