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World

Oct 09, 2016
Credit Suisse Group AG, the Swiss lender seeking to lower costs at its investment bank, cut two equity analyst positions in Dubai and reduced jobs in South Africa, including researchers…
Sep 29, 2016
Manufacturer Caterpillar, together with its independent dealers and the Caterpillar foundation, said they planned to invest over US$1 billion in Africa in the coming years to upgrade customer service capabilities…
Sep 26, 2016
A floating power plant isn't something you see every day. The massive ships look like plants you'd see on land complete with tall exhaust stacks—except these plants are bobbing in…
Sep 21, 2016
Germany's biggest airline has partnered with the Chinese carrier enabling the two companies to operate joint flights between Europe and China. Lufthansa called Air China an "ideal partner" for expanding…
Sep 16, 2016
An Apple Inc iTunes unit in Japan was ordered to pay some 12 billion yen ($118 million) in tax by local authorities after underreporting income, media reported Friday. The unit…
Sep 15, 2016
Fast-food giant McDonald's Corp has received final bids from at least three groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group and TPG Capital…
Sep 12, 2016
Associated British Foods (ABF) said on Monday it has agreed to sell its cane sugar business in southern China to a consortium led by Shenzhen-listed Nanning Sugar Industry Co Ltd.…
Sep 10, 2016
A Volkswagen engineer pleaded guilty to helping the auto maker's admitted efforts to cheat on emissions tests, becoming the first person criminally convicted in the U.S. in a wide-ranging scandal…
Sep 07, 2016
MasterCard said yesterday it had expanded its deal with payment processor PayPal Holdings Inc, which would allow customers to use PayPal's payment services in stores. PayPal's partnership follows a similar…
Aug 26, 2016
Singapore has strong links with its immediate region but needs to look further afield to diversify, Deputy Prime Minister Tharman Shanmugaratnam has said. Singapore-Africa trade has grown 5.2 per cent…
Aug 19, 2016
Wal-Mart Stores Inc reported higher-than-expected quarterly earnings on Thursday, saying it benefited from cleaner and more efficient U.S. stores, investments in technology that improved online shopping and higher employee wages…
Aug 18, 2016
Members of the Maasai tribe, known for their reputation as warriors and cattle keepers, might not be aware that right on their doorsteps, unscrupulous people operate one of the most…
Aug 16, 2016
The global oil market faces a sharp drop in supply in 2017 from Venezuela, traditionally a prominent exporter, as an acute political and economic crisis halts investments needed to squeeze…
Aug 08, 2016
South African furniture retailer Steinhoff International Holdings NV has agreed to buy Mattress Firm Holding Corp. for about $2.4 billion in cash, a deal that would mark its entry into…

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