Business

China box-office back to strong growth in 2017

AFP - 1m ago

China's box-office revenues surged in 2017 after slowing sharply the preceding year, official media reported, as the …

ECB governor calls for tax, regulation on bitcoin

AFP - 7m ago

A top European Central Bank official on Wednesday called for governments to regulate and tax bitcoin, labelling the …

Asian markets extend gains, dollar hit by further weakness

AFP - 26m ago

Asian equities continued their positive start to the year on Wednesday following more record closes on Wall Street, but …

China's Ant Financial drops MoneyGram deal as US approval fails

AFP - 43m ago

Ant Financial, an affiliate of Chinese internet titan Alibaba, has been forced to abandon a $1.2 billion deal to buy US …

Asian markets clumb again, dollar faces further weakness

AFP - 50m ago

Asian equities continued their positive start to the year on Wednesday following more record closes on Wall Street, but …

Spotify hit with new copyright suit in US

AFP - 2h ago

A music publisher is seeking at least $1.6 billion from Spotify for alleged copyright violations, the latest lawsuit to …

Legal cannabis to generate $40bln, 400,000 jobs: study

AFP - 2h ago

The legal cannabis sector is expected to generate $40 billion and more than 400,000 jobs by 2021 in the United States, …

Asian markets build on gains, dollar faces further weakness

AFP - 4h ago

Asian equities continued their positive start to the year on Wednesday following yet another record close on Wall …

2017 safest year for post-war civil aviation: industry agencies

AFP - 9h ago

Last year was the safest year for civil aviation since plane crash statistics were first compiled in 1946, two industry …

Nasdaq ends above 7,000 as US stocks rally is extended

AFP - 4h ago

US stocks opened 2018 in torrid fashion Tuesday, bidding the Nasdaq to its first close above 7,000 points, while …

Ryanair applies for UK licence ahead of Brexit

AFP - 14h ago

Irish low-cost carrier Ryanair said Tuesday it has applied for a British operating licence in case Britain leaves the …

Banks 'reticent' to work with Sudan: finance minister

AFP - 14h ago

Sudanese Finance Minister Mohammed Osman al-Rikabi said on Tuesday that banks across the world are still wary of working …

China boosts investment in Sri Lankan mega-project

AFP - 14h ago

China will invest $1 billion in the construction of three 60-storey buildings at a mega-project near Sri Lanka's main …

European stocks fall as dollar under pressure

AFP - 4h ago

Global stock markets greeted 2018 in mixed fashion Tuesday, with euro and pound strength depressing Europe while Wall …

World markets ring in 2018 on mixed note

AFP - 2h ago

Global stock markets greeted 2018 on Tuesday in mixed fashion, despite a raft of bright manufacturing surveys, with many …

BP says to take $1.5bn hit on US tax reforms

AFP - 21h ago

British energy major BP said Tuesday that it expected to take a $1.5-billion (1.2-billion-euro) hit from US President …

Asia markets begin 2018 on positive note, led by Hong Kong rally

AFP - 3h ago

Asian stocks mostly kicked off the year with gains on Tuesday as traders drifted back to work after the festive break, …

Asia markets begin 2018 on a high, led by rally in Hong Kong

AFP - 1h ago

Asian stocks mostly kicked off the year with gains on Tuesday as traders drifted back to work after the festive break, …

China factory activity accelerated in December: Caixin

AFP - Jan 02 2018

Chinese factory activity accelerated in December, according to independent data released Tuesday, a positive indicator …

Legal marijuana off to blazing start in California

AFP - 23h ago

It's the first day that marijuana can be bought and sold legally in California, and store owner Nicole Salisbury's stock …

Saudi, UAE introduce VAT in first for Gulf

AFP - Jan 01 2018

Saudi Arabia and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long …

Latest 'Star Wars' passes $1 billion mark in third week: Disney

AFP - Dec 31 2017

The latest episode in Disney's colossally popular "Star Wars" series has passed the $1 billion mark in worldwide …

Make reforms while sun shines on world economy: Lagarde

AFP - Dec 31 2017

International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms "while …

Singapore bar offers bitcoin New Year party package

AFP - 7h ago

A Singapore bar that bills itself as the world's highest cryptocurrency club is offering a New Year's Eve package that …

Chinese ban on ivory sales goes into effect

AFP - Dec 31 2017

China's complete ban on ivory trade went into effect Sunday, officials said, a major step forward in Beijing's efforts …

Organic Champagne making a slow fizz into glasses

AFP - Dec 31 2017

A bubble it is not: the organic movement is only slowly taking root in France's Champagne region, although its …

China manufacturing activity slows in December

AFP - Dec 31 2017

China's manufacturing activity edged down in December, official data showed Sunday, but largely maintained momentum …

China tightens rules on oversea cash withdrawals

AFP - Dec 31 2017

China has tightened rules on how much cash cardholders can withdraw overseas in a bid to clamp down on money laundering, …

Canada's G7 presidency: a 'progressive agenda' at risk

AFP - Dec 30 2017

Prime Minister Justin Trudeau promises a "progressive agenda" for Canada's G7 presidency in 2018, but talks may once …

BA owner to buy bankrupt Austrian airline Niki

AFP - Dec 30 2017

British Airways owner IAG announced Friday it will snap up bankrupt Austrian airline Niki, outlining plans to keep on …

Can US stocks in 2018 repeat the huge gains of 2017?

AFP - Dec 29 2017

After a banner year for US stocks, that saw the Dow hitting repeated records, Wall Street strategists predicted 2018 …

US oil prices end above $60 for 1st time in 2-1/2 years

AFP - Dec 29 2017

US oil prices finished above $60 a barrel for the first time since June 2015 after new data suggested American producers …

Bombardier wins an order from EgyptAir for 12 CS300 planes

AFP - Dec 29 2017

Canadian aircraft manufacturer Bombardier on Friday announced the sale of 12 C Series aircraft to EgyptAir in a deal …

South Korea seized Hong Kong ship over oil transfer to North: Seoul

AFP - Dec 29 2017

South Korea briefly seized and inspected a Hong Kong-registered ship in November for transferring oil products to a …

US moves to reverse regulations for offshore oil drilling

AFP - Dec 29 2017

The US government on Friday published proposed new regulations on offshore oil drilling that would reverse safeguards …

South Korea seizes Hong Kong ship for oil transfer to North: Seoul

AFP - 2h ago

South Korea briefly seized and inspected a Hong Kong-registered ship in November for transferring oil products to a …

Spain to leave EU's deficit 'sin bin' next year: Rajoy

AFP - Dec 29 2017

Spain will be taken off the EU's red list of budgetary sinners next year, Prime Minister Mariano Rajoy said on Friday.

Goldman Sachs says US tax reform to cut earnings by $5 bn

AFP - Dec 29 2017

US banking giant Goldman Sachs said Friday the recently-enacted US tax reform will cut its earnings this year by about …

London stocks end year on record high

AFP - 7h ago

London's FTSE 100 ended 2017 on a new record high on Friday, on a shortened final day of trading before the New Year …

London stocks ring in 2018 with record high

AFP - 1h ago

London's FTSE 100 surged to a new record intraday high on Friday, on a shortened final day of trading before the New …

India likens crypto cash to Ponzi schemes

AFP - Dec 29 2017

India warned Friday against investing in cryptocurrencies including bitcoin, likening them to "Ponzi schemes", as it …

Dollar heads into 2018 on a weaker note, Asia stocks mostly up

AFP - 1h ago

The dollar suffered fresh pressure on Friday as traders cash in the recent gains fuelled by Donald Trump's tax cuts, …

China temporarily waives taxes to get foreign firms to stay

AFP - 23h ago

China will temporarily waive income taxes for foreign companies on profits they reinvest in the country as Beijing …

Chinese leasing firm orders 50 Airbus jets in $5.42 bn deal

AFP - 16h ago

A Chinese aircraft leasing company said on Thursday it will buy 50 Airbus A320neo jets for $5.42 billion as part of a …

German union steps up fight for 'modern' 28-hour week

AFP - 17h ago

Germany's largest union is bracing for a combative start to the new year as it presses demands for a 28-hour working …

Dollar heads into 2018 on a weaker note, Asia stocks mixed

AFP - 4h ago

The dollar suffered fresh pressure on Friday as traders cash in the recent gains fuelled by Donald Trump's tax cuts, …

SoftBank seals deal for large Uber stake, trimming valuation

AFP - 16h ago

Uber and SoftBank announced a deal on Thursday allowing the Japanese tech titan to take a large stake in the US …

Masayoshi Son: From chicken feed to Japan's richest tycoon

AFP - 15h ago

Once asked on Twitter about his receding hairline, Masayoshi Son, founder of Japanese telecoms giant SoftBank, retorted: …

Epson, Apple face French legal pressure over planned obsolescence

AFP - 17h ago

French prosecutors have launched a probe into Japanese printer maker Epson for alleged planned obsolescence in its …

SoftBank seals deal for large Uber stake

AFP - 15m ago

Uber and SoftBank announced Thursday they had sealed a deal allowing the Japanese tech titan to take a stake in the US …

Apple apologizes for slowing iPhones, offers discounted batteries

AFP - 21h ago

Apple on Thursday apologized to its customers for slowing down performance of older iPhone models and said it would …

European stocks weaker in light holiday trading

AFP - 23h ago

European stock markets were weaker in light holiday-season trading on Thursday, but London's FTSE 100 was still hovering …

Apple CEO must fly private for 'security, efficiency'

AFP - 11h ago

Apple's board has instructed chief executive Tim Cook to use only private aircraft "in the interests of security and …

European stocks mostly softer in light holiday trading

AFP - 1h ago

European stock markets were slightly weaker in light holiday-season trading on Thursday, but London's FTSE 100 was still …

Germany lays charges in Ryanair pilots 'tax fraud' probe

AFP - 12h ago

German prosecutors said Thursday they had charged five employees of a British recruitment agency working with Irish …

US home values soar in 2017, renters shell out record

AFP - -7m ago

In a hot housing market, the value of all US homes soared to a record this year, as did the monthly payments by renters, …

Apple, Epson face French legal pressure over planned obsolescence

AFP - 1h ago

US tech giant Apple and Japanese printer maker Epson face growing legal pressure in France over alleged planned …

European stocks flat in light holiday trading

AFP - 3h ago

European stock markets were flat in light holiday-season trading on Thursday, with London's FTSE 100 nevertheless …

Watchdog slams Lufthansa over 'algorithm' price hikes

AFP - 21h ago

Germany's competition watchdog on Thursday rubbished Lufthansa's claim that recent price hikes on domestic routes were …

Asian markets rise as strong year draws to an end

AFP - 2h ago

Most Asian markets rose on Thursday following gains on Wall Street, but with thin trading leading into the New Year …

Bitcoin falls on S.Korea curbs on digital currency trade

AFP - 21h ago

Bitcoin fell more than 11 percent after South Korea said on Thursday it would ban anonymous trading of virtual …

US, South Korea to hold trade talks next week

AFP - 24h ago

US and South Korean delegates will meet in Washington on January 5 for talks on possible amendments to their free trade …

South Korea to impose curbs on digital currency trade

AFP - 1h ago

South Korea said Thursday it would ban anonymous trading of virtual currencies and crack down on money laundering …

Nintendo eyes 20 mn Switch sales

AFP - 18h ago

Nintendo is expecting to sell more than 20 million of its new "Switch" consoles in the next fiscal year, the firm's …

Japan factory output edges up in November

AFP - 11h ago

Japanese factory output rose for the second straight month in November, according to official data released on Thursday, …

Royal Air Maroc orders four Boeing Dreamliners

AFP - 21h ago

Morocco's Royal Air Maroc has ordered four 787-9 Dreamliner aircraft from US aviation giant Boeing for delivery at the …

European stocks edge higher in thin holiday trading

AFP - Dec 27 2017

European shares were steady to slightly higher in thin holiday season trading on Wednesday, buoyed by a rise in …

US consumer confidence dampens in December

AFP - Dec 27 2017

US consumer confidence dampened in December, retreating from a 17-year high in November as optimism about the short-term …

British purchasing power set to stagnate in 2018: study

AFP - Dec 27 2017

Britons' purchasing power, which took a hit this year against the backdrop of Brexit, looks set to stagnate in 2018, …

China's Geely takes 2.7-bn euro stake in Swedish truckmaker Volvo

AFP - 2h ago

China's Geely, which already owns the Swedish car brand Volvo, has now become the biggest shareholder in AB Volvo, the …

China imposes new restrictions on outbound investment

AFP - Dec 27 2017

China has issued new rules increasing oversight of overseas acquisitions by its companies, as it seeks to reduce …

Miners boost stocks in thin holiday trading

AFP - 21h ago

London shares pushed upwards in thin holiday season trading on Wednesday, boosted by a rise in commodity prices …

Asia markets edge up as commodities rise, Apple fears ease

AFP - 2h ago

Asian markets edged upward Wednesday in thin trading after the Christmas break, as fears over lacklustre iPhone demand …

Hyundai shipbuilding stocks plunge on grim earnings forecast

AFP - 22h ago

Shares in Hyundai Heavy Industries plunged by more than a quarter on Wednesday after the world's largest shipbuilder by …

Signs point to strong US shopping season

AFP - 15h ago

Americans shopped with greater gusto at malls and online this holiday season amid a strong labor market and cold winter …

Brazil to suspend fish exports to EU

AFP - 17h ago

Brazil said Tuesday it was suspending fish exports to the European Union in response to concerns raised by Brussels' …

Nigeria petrol shortage bites at Christmas

AFP - Dec 26 2017

Long queues formed at petrol stations across Nigeria Tuesday, with motorists sometimes waiting up to 24 hours to fill up …

Oil prices close at 2-1/2 year peak

AFP - Dec 26 2017

Oil prices in New York jumped to a two-and-a-half year high Tuesday and briefly topped $60 a barrel due to a Libyan …

Feeding a metropolis: Mexico City's Central Market

AFP - Dec 26 2017

With hotels, car rental agencies, restaurants and even banks, Mexico City's main fruit and vegetable market, the …

Israel to halt trade in cryptocurrency-based firms

AFP - Dec 26 2017

The Israel Securities Authority said it is moving to ban trading in cryptocurrency-based companies on the Tel Aviv …

Japan jobless rate lowest since 1993

AFP - Dec 26 2017

Japan's unemployment rate in November dipped to its lowest level since November 1993, official data showed Tuesday, …

Iraq invites bids for new oil pipeline

AFP - Dec 24 2017

Iraq's oil ministry on Sunday called for bids for the construction of a pipeline to allow oil exports to resume from the …

Ad firms using tools to help them read your mind

AFP - Dec 24 2017

Why did you splurge on that new pair of shoes? Or that pricey smartphone? More and more advertisers are trying to tap …

Florida orange industry hit by hurricane, disease

AFP - Dec 24 2017

Hit by Hurricane Irma and a citrus ailment known as "Yellow Dragon Disease," Florida orange growers are bracing for …

Could the 'curve' be warning of a US recession?

AFP - Dec 24 2017

The US economy may be basking in the warm glow of solid growth, but economists are nervously eyeing a trend in the bond …

Frenchman invents lemony oysters in time for holidays

AFP - Dec 24 2017

A French seafood farmer is proposing lemon-flavoured oysters this holiday season, a delicacy he perfected after four …

Modern-day amber 'Klondikes' thrive in troubled Ukraine

AFP - Dec 24 2017

Volodymyr Korkosh steps on the accelerator and his jeep lurches forward, jumping through deep water-filled ditches. "We …

'Virtual gold' may glitter, but mining it can be really dirty

AFP - Dec 24 2017

As the poster child for the growing ranks of computer-generated currencies, bitcoin's recent stratospheric price rises …

Singapore firm Keppel Offshore to pay $422 mn in corruption fines

AFP - Dec 23 2017

Singapore's Keppel Offshore & Marine Ltd. (KOM) has agreed to pay $422 million in fines to the US, Brazil and Singapore …

Hamleys opens its largest toy store in Beijing amid Christmas debate

AFP - 19h ago

British toy retailer Hamleys opened its largest store in the world in Beijing on Saturday, just two days before …

Book chains better watch out: Amazon is coming to town

AFP - Dec 23 2017

Bookstores are a go-to for the procrastinating gift-getter, a one-stop shop that has a little something for everyone.

Venezuela reports economy shrank by 16.5% in 2016

AFP - Dec 23 2017

Venezuela's economy shrank a massive 16.5 percent in 2016, according to an official government filing to the US …

US tax reform promises big income boost for German carmakers

AFP - Dec 23 2017

German carmakers Daimler and BMW said Friday a new sweeping US tax reform giving major breaks to corporations will add …

Ghosts add new twist to transfer lore

AFP - Dec 23 2017

The ghost players of Apollon Limassol have added a new twist to football's complex transfer lore and attracted the …

From Cruyff to Cristiano - the boot deal bonanza

AFP - Dec 23 2017

Cristiano Ronaldo, Lionel Messi and the rest of the world's top footballers may earn eye-popping salaries but the sums …

Madrid stocks sink on Catalan woes; London retreats from record

AFP - 19h ago

The Spanish stock market tumbled Friday after a victory for Catalan separatists in a snap poll, while London hit an …

Home security startup Blink says bought by Amazon

AFP - Dec 22 2017

Blink on Friday put out word that online retail goliath Amazon has bought the startup specializing in wireless home …

Brazil to maintain control over Embraer: Temer

AFP - Dec 22 2017

Brazil on Friday ruled out relinquishing government control over the country's strategically important aircraft …

Bitcoin plunges as investors suffer 'reality check'

AFP - Dec 22 2017

Bitcoin prices plunged by more than 20 percent on Friday as investors cashed out just before Christmas following the …

Challenge looming despite go-ahead for Trump wall in Ireland

AFP - 1h ago

US President Donald Trump's golf course in Ireland has been given the green light to build a defensive wall, though …

Ukraine and Russia both claim win in gas dispute

AFP - 5h ago

Ukraine and Russia on Friday both claimed victory after arbitration aimed at settling a ferocious dispute over a 2009 …

Russia's Sistema, Rosneft settle dispute over Bashneft oil company

AFP - 16h ago

Russian oil giant Rosneft said Friday it has settled its long-running dispute with rival Sistema over its controversial …