HAVANA: Two firms signed a deal Thursday for the first commercial exports in half a century from Cuba to the United States, a new step in the countries’ historic rapprochement.
TOKYO: Nintendo shares dived almost five percent Friday, hours after the release of its latest mobile phone game and despite it topping download charts in several countries.
NEW YORK: World oil prices jumped Monday after non-OPEC producers struck a deal to cut output, while US and European stocks were subdued before a key Fed meeting this week.
VIENNA: OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.
VIENNA: OPEC sought Wednesday to defy expectations and finalise a deal reducing its oil output for the first time in eight years, in an effort to boost painfully low crude prices.
SHANGHAI: China’s largest online travel agency Ctrip will buy British flight search app Skyscanner for $1.7 billion, the companies said, as it steps up its overseas ambitions.
KUALA LUMPUR: It is not the end of the Trans-Pacific Partnership Agreement (TPPA) yet, as investors are opting for a wait-and-see approach to President-Elect Donald Trump's actual moves in his first 100 days in the White House.
FRANKFURT AM MAIN: Volkswagen on Friday said it will cut 30,000 jobs at its own brand unit under a huge savings plan aimed at helping the German auto giant recover from the dieselgate emissions cheating scandal.
LONDON: A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.
TOKYO: Tokyo stocks opened higher on Tuesday as exporters extended gains with the yen dropping to its lowest level against the dollar in over five months.
KUALA LUMPUR: British Airways has launched an 'On Business' loyalty programme as part of its commitment to the Malaysian market.
LONDON: Britain's Marks & Spencer said on Tuesday it would shut stores at home and abroad, with its new chief executive seeking to cut costs as part of a revival plan.
BANGKOK: Thailand’s rice committee announced new loan schemes for storage of white paddy and Pathum Thani fragrant rice on Monday to help rice farmers struggling with falling prices.
DUBAI/LONDON: Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh threatening to raise oil output steeply to bring prices down if Tehran refuses to limit its supply, OPEC sources say.
KUALA LUMPUR: HSBC Bank Malaysia Bhd expects usage of the renminbi by Malaysian corporations to grow substantially over the medium term.
RIYADH: A seven-fold hike in visa fees to do business in Saudi Arabia risks deterring the foreign investment needed to transform its oil-dependent economy, diplomats and other sources say.
SEOUL: Samsung Electronics’ worst-ever recall could cost the company as much as $17 billion after it halted sales of its flagship Galaxy Note 7 for a second time, spelling an almost certain end for the ill-fated premium model.
LONDON: When the pound plunged this month on new worries about Brexit, New Yorkers Derek Hotter and Ian Clark hopped on a plane for an impromptu holiday in Britain.
TOKYO: The pound suffered a “flash crash” in Asia Friday on a computer-generated sell-off in the beleaguered currency, as tough talk from French President Francois Hollande underscored the perils ahead for Brexit-bound Britain.
TOKYO: Tokyo shares shot up and the yen sank after the Bank of Japan tweaked its policy measures Wednesday, as it ramped up its attempts to kickstart inflation.
HONG KONG: Asian markets mostly rose Monday as traders gear up for huge central bank meetings in the US and Japan this week, hoping authorities press on with their loose monetary policies.
WASHINGTON: World Bank President Jim Yong Kim effectively won a second five-year term after nominations to lead the global development bank closed Wednesday with no other candidates proposed.
HELSINKI: Finnish telecom equipment manufacturer Nokia said Thursday it aims to accelerate savings after costs of absorbing former French-American rival Alcatel-Lucent pushed it into a second-quarter loss.
NEW YORK: Oil prices fell 5 percent to two-month lows on Thursday after the U.S. government reported a weekly crude draw within analysts’ forecasts that disappointed market bulls expecting larger declines.
SEOUL: Samsung Electronics on Thursday flagged its biggest operating profit in more than two years, boosted by cost-cutting efforts and solid sales of its latest flagship smartphone.
LONDON: The Bank of England will take “all necessary steps” to ensure monetary and financial stability after Britain’s decision to leave the European Union, it said Friday.
JAKARTA: Indonesia’s growth rate was slower than forecast in the first quarter of 2016, official data showed Wednesday, in a blow to President Joko Widodo’s efforts to boost Southeast Asia’s top economy.
SEOUL: Samsung Electronics says it will reform its authoritarian, top-down corporate culture in a bid to act like a lean startup.
HONG KONG: Ratings agency Moody’s downgraded its outlook for Hong Kong on Saturday, citing increasing political riskiness and closer economic ties with China, which is facing a growth slowdown.
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