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China recovers $6.2bn in losses from graft

China recovers $6.2bn in losses from graft

July 29, 2015 - 14:38 AMT  10:38 GMT
The body said the funds were recovered between a high-profile meeting of Party leaders in Nov 2012 and June this year.
BP reports sharp fall in profits

BP reports sharp fall in profits

July 29, 2015 - 12:41 AMT  08:41 GMT
The results come at a time of continuing uncertainty for oil companies, with oil prices more than 50% lower than last year.
Etihad boasts $32,000 3-room suite on flights to New York

Etihad boasts $32,000 3-room suite on flights to New York

July 28, 2015 - 12:49 AMT  08:49 GMT
The living room, private bathroom and 2-person bedroom are situated in the nose of the doubledecker jet’s upper level.
Volkswagen overtakes Toyota in global vehicle sales

Volkswagen overtakes Toyota in global vehicle sales

July 28, 2015 - 10:44 AMT  06:44 GMT
GM retook the sales crown in 2011, when Toyota's production was hurt by the quake and tsunami in northeastern Japan.
Swiss bank UBS reports 53% increase in net profits

Swiss bank UBS reports 53% increase in net profits

July 27, 2015 - 15:40 AMT  11:40 GMT
The bank's main rival in Switzerland, Credit Suisse, announced a second quarter net profit of 1.1bn francs, beating expectations.
Israeli pharmaceutical giant Teva buys Allergan generic drug firm

Israeli pharmaceutical giant Teva buys Allergan generic drug firm

July 27, 2015 - 15:32 AMT  11:32 GMT
Brent Saunders said the sale would help enhance "global-branded pharmaceutical business and strengthen our financial position."
French farmers block roads from Spain, Germany to stop import

French farmers block roads from Spain, Germany to stop import

July 27, 2015 - 12:13 AMT  08:13 GMT
"We let the cars and everything that comes from France pass," Franck Sander, president of the FDSEA local branch, said.
Germany mulls creation of eurozone finance minister post

Germany mulls creation of eurozone finance minister post

July 25, 2015 - 19:00 AMT  15:00 GMT
"We are ready to discuss these issues seriously," the magazine quoted a German finance ministry source as saying.
Poland may import goods from Iran through Armenia: minister

Poland may import goods from Iran through Armenia: minister

July 25, 2015 - 15:33 AMT  11:33 GMT
“Shipping and freight transport is very convenient through the implementation of Silk Road project,” Janusz Piechociński said.
Greece invites IMF to participate in bailout talks

Greece invites IMF to participate in bailout talks

July 25, 2015 - 13:16 AMT  09:16 GMT
Athens is looking to secure yet another bailout — the third since its finances imploded in 2009 — worth 85 billion euros.
$58mln renewable energy project launched in Armenia

$58mln renewable energy project launched in Armenia

July 25, 2015 - 10:33 AMT  06:33 GMT
“By 2020, we expect to have solar power stations with the total capacity of 40-50 MW,” Tamara Babayan told a news conference.
Markit: eurozone private sector business activity slowed in July

Markit: eurozone private sector business activity slowed in July

July 24, 2015 - 17:36 AMT  13:36 GMT
The figures suggest the economy grew 0.4 percent in the three months to June and maintained that rate into July, Williamson said.
Mitsubishi Motors reportedly to end production in U.S.

Mitsubishi Motors reportedly to end production in U.S.

July 24, 2015 - 12:06 AMT  08:06 GMT
The company sold only 82,000 vehicles in the United States last year, less than one percent of the total market.
Iran targets oil and gas projects worth $185bn by 2020

Iran targets oil and gas projects worth $185bn by 2020

July 23, 2015 - 18:37 AMT  14:37 GMT
"We are looking for a two-way trade as well as cooperation in development, design and engineering," Nematzadeh said.
Hyundai Motor says Q2 earnings sank 24%

Hyundai Motor says Q2 earnings sank 24%

July 23, 2015 - 15:00 AMT  11:00 GMT
Hyundai said China sales declined as the country's local makers of cheap vehicles recorded explosive sales growth.
Eurasian Fund to give $300mln soft load to Armenia

Eurasian Fund to give $300mln soft load to Armenia

July 23, 2015 - 14:13 AMT  10:13 GMT
"If I am not mistaken, it will be granted with an annual interest rate of up to 1%," Russia's Deputy Finance Minister Sergei Storchak said.
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