Economy Rss icon

Must prevent Greece running out of cash before deal: Merkel

Greece is yet to agree with its partners on list of reforms to secure 7.2 billion euros aid

Novartis posts Q1 profit beat despite dollar drag

Says dollar at current rates will shave 10% off 2015 sales, 13% from core operating income

China factory PMI contracts to 1-year low in April

New orders decline further to 1-year low of 49.2 from March's 49.8

Markets Rss icon

Wall Street rises on tech earnings after Nasdaq record

Tech behemoths Google Inc, Inc and Microsoft Corp reported strong results

World equities at all-time high after Nasdaq record

MSCI All-Country World index hits a lifetime high of 441.1 points

Earnings lift European shares towards 2015 high

Global sentiment lifted by a new record high for Nasdaq index

Companies Rss icon

Comcast drops $45-bn Time Warner bid after antitrust pressure

Comcast Corp abandoned its $45-billion offer for Time Warner Cable Inc on Friday after US regulators raised concerns that the deal would give ...

Amazon posts better-than-expected revenue despite incurring $57 mn loss

The firm revealed that sales of its web services offering increased by 49% from a year earlier

Ford to lay off 700 workers due to slow car sales

The Michigan Assembly Plant, in the Detroit suburb of Wayne, will move from three shifts to two starting June 22

Online ad sales drive Google's revenue higher, shares rise

Shares rise 3.5%, rising dollar takes a toll on the results

Politics Rss icon

Xi describes Pakistan as China's 'dependable' friend

Says China ans Pakistan will always move forward together and the Chinese people will always stand together with the Pakistani people

EU presents 10-point plan on migrant crisis

The plan includes a voluntary pilot project across the EU on resettlement, and a new programme for the rapid return of irregular migrants

New book, 'Clinton Cash,' questions foreign donations to foundation

Book asserts that foreign entities who made payments to the Clinton Foundation through high speaking fees received favors from Mrs. Clinton's ...

Israel's Rivlin gives Netanyahu extra 14 days to form govt

Ahead of the deadline, Netanyahu went early today to Rivlin to formally request an extension of up to two weeks

Finance Rss icon

Deutsche Bank fined record $2.5 bn in rate rigging probe

Twenty-one traders and brokers face criminal charges

Ukraine crisis: US accuses Russia of violating ceasefire agreement

Ukraine accused Russia of arming the rebels and sending military support and troops across the border

Financial shocks may grow as liquidity shrinks, IMF warns

Rising US interest rates will expose gaps in liquidity that could make markets prone to deeper and wider shocks, the International Monetary Fund ...

Regulators want changes to short-term loans to handle 'too-big-to-fail' firms

Want changes to terms of repo contracts and securities-lending agreements

General Rss icon

17 Indian pilgrims die in bus accident in Nepal

The pilgrims from Gujarat were returning to Gorakhpur in India after a pilgrimage to Pashupatinath Temple in Kathmandu

Indian-origin trader arrested in UK over 2010 'flash crash'

Navinder Singh Sarao is accused of using computer programmes to create fake transactions on an exchange run by Chicago-based CME Group Inc

Pulitzer winner forsakes journalism to pay the rent

After the award was announced, it was reported that Kuznia quit journalism last year

Egypt's ousted president Morsi sentenced to 20 years in jail

He is accused of killing protesters in 2012

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