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Business - Page 349

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Asian shares head to 5-month high, Congress making progress

Asian shares rose to their highest in nearly five months on Tuesday on heightened hopes for a deal in Washington to reopen the U.S. government and avert a possible debt default, though

15th October 2013
Business

Asmussen says no to roll-over of Greek bonds

The European Central Bank cannot roll over Greek bonds as this goes against a ban on financing governments, a senior ECB policymaker said on Monday, dashing Athens' hopes it will help plug

15th October 2013
Business

China punishes 13 medical workers for bribery in milk powder case

Chinese authorities in the northern city of Tianjin have punished 13 medical workers for taking bribes from Danone S.A. to recommend the French food maker's infant formula, the local government said on

14th October 2013
Business

Merkel starts crucial week of talks on new German government

Chancellor Angela Merkel is likely to pick a new coalition partner this week before moving on to detailed negotiations that could produce a new German government within about two months. While the

14th October 2013
Business

Asian shares fall, yen firms as U.S. debt deadline nears

Asian shares and U.S. stock index futures fell while the safe-haven yen rose on Monday as a possible U.S. debt default crept closer after weekend talks in Washington failed — though markets

14th October 2013
Business

Alibaba to transform China’s “e-conomy” with $500 bln marketplace

Alibaba Group's plans to revolutionise China's retail industry, investing $16 billion in logistics and support by 2020, will open up China's vast interior and bring access to hundreds of millions of potential

14th October 2013
Business

Ukraine leader sees solution soon to Tymoshenko issue

Ukrainian President Viktor Yanukovich hopes to find a definitive solution soon to the "painful" issue of his jailed rival, ex-prime minister Yulia Tymoshenko, Interfax news agency reported him as saying on Friday.

11th October 2013
Business

Chemical weapons watchdog wins Nobel Peace Prize for Syrian mission

The global chemical weapons watchdog working to eliminate chemical weapons stockpiles around the battlefields of Syria's civil war won the 2013 Nobel Peace Prize on Friday. The Organisation for the Prohibition of

11th October 2013
Business

Germany can’t wait for Europe on tax avoidance crackdown

A new German government should crack down on tax avoidance by multinational firms without waiting for its European partners to act, an influential member of the Social Democrats said ahead of a

11th October 2013
Business

Asian stocks rally to 3 week highs on hopes U.S. avoids default

Asian stocks jumped to three-week highs on Friday as investors took a chance and cheered perceived progress in Washington to avert a possible debt default, even though questions remained over whether a

11th October 2013
Business
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