Standard & Poor's (S&P) downgraded the debt-ridden country's credit rating from B- to CCC+, with a negative outlook, signaling the country is now vulnerable to default. Experts consider the country can slip into default this month unless compromise with creditors is reached...
In its twice-yearly World Economic Outlook, the IMF retained the world growth forecast for this year at 3.5 percent. The lender raised the growth forecast for next year to 3.8 percent from the 3.7 percent predicted in an interim report in January...
Chinese smartphone maker Xiaomi announced that the company has terminated its exclusive cooperation with Flipkart, a leading e-commerce provider in India, and signed agreements instead with Amazon and Snapdeal for the sales of smartphones in India...
As expected, the European Central Bank left official interest rates unchanged Wednesday, amid concerns over growth prospects and deflationary pressures in the region...
This year will mark a turning point in a showdown between the world's second largest economy and its biggest democracy. According to the International Monetary Fund, China's growth supremacy over India will finish soon...
Nokia will buy its rival Alcatel-Lucent SA in an all-stock deal valued at 15.6 billion euros ($16.6 billion) to launch the world’s largest supplier of equipment that powers mobile-phone networks. Alcatel investors will have 0...
The news in recent days of China's "Great Cannon" and a related research report from Canada has cast a spotlight from outside China on the machinations of China's government-run Internet services...
As government data indicated Tuesday, Singapore's economy grew at a faster-than-expected pace in the first quarter despite the central bank announcement there will be no change to monetary policy...
Last week, the chief of the International Monetary Fund cautioned that the era of low interest rates risks fueling asset bubbles around the world. She meanwhile called for more central bank easing as there is a bigger threat: the prospect of a long period of weak global growth...
Hillary Clinton running for president, China's disappointing data, India-Germany business relations - below are the most important things markets discuss today...
Slice Intelligence, which measures digital commerce by tracking consumer e-receipts, has said that with an estimated 957,000 Americans putting in orders, Apple Watch is seeing more initial success than iPod or iPhone...
Below are listed the most important economic events which are likely to influence market behavior this week. Monday, April 13...
According to the World Bank, economic growth of developing markets in the East Asia-Pacific area is likely to improve in 2015 in most countries, but as a whole, it will slow due to a drag exerted by China...
Youzu Interactive Co., Ltd, a web and mobile game platform in China, will invest CNY538 million to acquire the entire stake in Guangzhou Zhangtao Network Technology Co., Ltd...
Express Mobile, an information technology company in the U.S., has sued China's Alibaba for patent infringement...
According to a recent survey conducted by Bankrate.com, a personal finance site, just 26% of people under 30 are investing in stocks. That’s compared with 58% of people between the ages of 50 and 64...
The company's net profit was CNY27.9 billion, which was about USD4.5 billion, a year-on-year increase of 32.7%. By business lines, Huawei's carrier business revenue was CNY192.1 billion, a year-on-year increase of 16.4%; its enterprise business revenue was CNY19...
Hon Hai said that the joint venture will first provide information technology services to Hon Hai's plants in mainland China and offer integrated security systems to other companies in mainland China...
According to Deutsche Bank analysts, changes in how banks gauge the risk of losses on their assets may lead Credit Suisse Group AG’s incoming Chief Executive Officer Tidjane Thiam to further shrink its investment bank...
