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Published:Thursday | August 13, 2015 | 12:00 AMAP

China's yuan fell further Wednesday, fuelling concern about a possible "currency war" if other governments fight back with their own devaluations to compete in export markets.Shock waves from Tuesday's 1.9 per cent devaluation against the US dollar...

Published:Wednesday | August 12, 2015 | 11:04 PMAP
Published:Monday | August 10, 2015 | 8:07 PMAP

One of tech's biggest names, Google, is reorganising under a new moniker — Alphabet — in a move underscoring its founders' ambitions to pursue ventures far beyond the company's Internet search core, from self-driving cars to...

Published:Thursday | August 6, 2015 | 12:00 AMAP

Egypt is to unveil a major extension of the Suez Canal today, Thursday, a megaproject that has emerged as a cornerstone of President Abdel-Fattah el-Sissi's efforts to restore national pride and revive the economy after years of unrest.The 1869...

Published:Wednesday | August 5, 2015 | 11:04 PMAP
Published:Monday | August 3, 2015 | 3:41 PMAP

The government of Puerto Rico has confirmed that it failed to make a US$58 million debt payment that was due Saturday, a significant escalation of the debt crisis facing the United States island territory. Puerto Rican officials had warned on...

Published:Monday | August 3, 2015 | 3:31 PMAP

Greece's top companies lost billions in market value in a matter of minutes on Monday, when the stock exchange plunged upon reopening after a five-week closure and investors worried over a dramatic new drop in the economy. The main stock index...

Published:Wednesday | July 29, 2015 | 3:35 PMAP

The United States Federal Reserve appears on track to raise interest rates later this year but signalled Wednesday that it wants to see further economic gains and higher inflation before doing so. A statement from the Fed after its latest policy...

Published:Friday | July 24, 2015 | 12:00 AMAP

Puerto Rico's power company on Thursday rejected a new proposal from bondholders that calls for an US$8.1 billion debt exchange amid growing concerns the public agency could be the first one in the United States territory to go bankrupt. The...

Published:Wednesday | July 22, 2015 | 11:09 PMAP

Fiat Chrysler said Wednesday that it has a software fix that will prevent future hacking into the Jeep Cherokee and other vehicles.The fix is a response to a recent article in Wired magazine about two well-known hackers, Charlie Miller and Chris...

Published:Tuesday | July 21, 2015 | 12:00 AMAP

Federal regulators are directing the eight biggest US banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts. The US Federal Reserve's action Monday...

Published:Tuesday | July 21, 2015 | 12:00 AMAP

PayPal shares jumped in its first day as a separate and publicly traded company as the firm outlined plans to capitalise on the rise of mobile payments and the growing digitisation of money. The payments system company officially split with eBay...

Published:Monday | July 20, 2015 | 4:26 PMAP

Investors are running out of reasons to own gold. The price of the metal, which is often seen as a hedge against inflation and a weak dollar, slumped to its lowest in five years on Monday. The dollar has rallied in recent months, diminishing the...

Published:Sunday | July 19, 2015 | 12:00 AMAP

Work was supposed to begin next year on a €7 billion (US$7.6 billion) waterfront urban renewal project almost twice the size of New York's Central Park that could have poured nearly a billion euros into Greece's depleted coffers. The...

Published:Saturday | July 18, 2015 | 12:26 PMAP

Greek Prime Minister Alexis Tsipras reshuffled his cabinet after a rebellion earlier this week in his party's ranks over the austerity measures, replacing two ministers who voted against him and changing another eight ministers and deputy...

Published:Friday | July 17, 2015 | 12:00 AMAP

Oil prices that slumped steeply earlier this year may decline again once a historic deal between the West and Iran allows that country to start pouring more crude into a market already brimming with supply. Many analysts estimate that Iran, OPEC...

Published:Friday | July 17, 2015 | 12:00 AMAP

At Cuba's new mega-port project west of Havana, shipping containers are stacked five-deep the length of its 2,300-foot (700-metre) dock alongside four massive, Chinese-built offloading cranes. Neon-vested workers are busy laying roads and...

Published:Thursday | July 16, 2015 | 12:57 PMAP

Greek lawmakers voted overwhelmingly early Thursday to approve a harsh austerity bill demanded by bailout creditors, despite significant dissent from members of Prime Minister Alexis Tsipras' own left-wing party. The bill, which imposes...

Published:Wednesday | July 15, 2015 | 11:37 AMAP

The German government is arguing that one possible way to help Greece meet its financial obligations in coming days, before a full bailout programme is established, is for the country to issue IOUs for domestic needs. Finance Ministry spokesman...

Published:Monday | July 13, 2015 | 12:43 PMAP

After gruelling, often angry negotiations that tested the limits of European unity, Greece on Monday won a preliminary deal that averts financial catastrophe but also guarantees years more of hardship and sacrifice for its people. Prime Minister...

Published:Friday | July 3, 2015 | 12:00 AMAP

Forgiving debt, if done right, can get an economy back on its feet. The International Monetary Fund certainly thinks so, according to a new report in which it argues Greece should get help. But Germany, another major creditor to Greece, is...

Published:Monday | June 29, 2015 | 11:32 AMAP

Anxious Greek pensioners swarmed closed bank branches Monday in the hope of getting their pensions, while queues formed at ATMs as they gradually began dispensing cash again following the imposition of strict controls on capital. As global markets...

Published:Wednesday | June 24, 2015 | 12:00 AMAP

BlackBerry Limited reported worse-than-expected first-quarter financial results as phone sales continued their long slide, but software revenue increased as the company turns its focus away from hardware.The Waterloo, Ontario-based company said it...

Published:Wednesday | June 24, 2015 | 12:00 AMAP

The Senate pushed bipartisan trade legislation to the brink of final approval Tuesday in a combined effort by President Barack Obama and Republican congressional leaders to rescue a measure that appeared all but dead less than two weeks ago.The...

Published:Tuesday | June 23, 2015 | 12:00 AMAP

Greece has finally offered economic reforms that creditors consider closer to being acceptable, giving Prime Minister Alexis Tsipras a few days to turn a spirit of goodwill into a deal that might keep the country from a painful exit from the euro...

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