China invested more money abroad last year than foreign firms piled into the country, data showed today, a first for the world's second largest economy as Beijing looks overseas as part of its drive to transform its economic growth model.
The Thai capital of Bangkok has beaten London to be crowned the world`s most popular travel destination this year, according to an annual ranking by global payments and technology company Mastercard released on Thursday.
The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signalled it could still tighten monetary policy by the end of this year as the labour market improved further.
Investors say the automaker failed to disclose details of the case in a timely way, leading them to lose money as the group`s share price plunged by 40 percent in two days after the crisis erupted last September.
The EU scrapped Wednesday a 90-day limit to its landmark free mobile phone roaming policy, promising checks to curb abuse after the initial plan ran into fierce criticism.
Global economic growth will flounder this year and next at rates not seen since the financial crisis as the march of globalisation grinds to a halt, the OECD warned on Wednesday.
The US Federal Reserve is expected to keep interest rates unchanged on Wednesday amid tepid inflation and recent weak economic data, but could signal an increased likelihood of a hike by the end of the year.
Japanese stocks rallied and lifted Asian equities on Wednesday, while the yen weakened after the Bank of Japan surprised markets by adopting a target for long-term interest rates in an overhaul of its massive monetary stimulus programme.
Microsoft Corp on Tuesday raised its quarterly dividend by 8 percent and said it would buy back up to $40 billion as part of a new share repurchase programme.
Junaid Ahmad has become the World Bank's Country Director for India, replacing Onno Ruhl who served a four-year term based out of the national capital.
GlaxoSmithKline said on Tuesday it had chosen Emma Walmsley, head of consumer healthcare, as its new chief executive, after considering internal and external candidates.
Indonesia plans to pursue Alphabet Inc`s Google for five years of back taxes, and the search giant could face a bill of more than $400 million for 2015 alone if it is found to have avoided tax payments.
The US on Friday claimed victory over India at the WTO wherein it had challenged the local content requirement in solar panels by the Indian government.
India lost its appeal at the World Trade Organization in a dispute over solar power on Friday, failing to overturn a U.S. complaint that New Delhi had discriminated against importers in the Indian solar power sector.
Middle East economies have plunged into decline in the years of war since the Arab Spring, creating daunting economic and development challenges, according to an IMF report released on Friday.
Mauritius, the island nation that accounts for the second-largest FDI, has sought a line of credit and more investments from India as it gets ready for implementation of the revised tax treaty from April 2017.
The U.S. Department of Justice is asking Deutsche Bank to pay $14 billion to settle an investigation into its selling of mortgage-backed securities, Germany`s flagship lender said on Friday.
If the fallout from a huge EU tax bill handed to Apple includes a push to encourage U.S. firms to bring more profits onshore, recent history suggests the impact for the dollar can only be positive.
Republican presidential hopeful Donald Trump laid out an aggressive economic vision Thursday, setting an ambitious goal of four percent growth and knocking rival Hillary Clinton for offering Americans nothing but a "welfare check."
The world`s major central banks, stung by this year's USD 81-million heist in Bangladesh, have launched a task force to consider setting broad rules to protect the vast network of cross-border banking from cyber attacks, according to two sources with knowledge of the matter.