Crimeans should pay off their debts to Ukrainian banks despite now living under Russian law, a Russian central bank official was quoted as saying, marking a change in position by Moscow which had suggested ignoring any payment demands.
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Samsung Group sells shares in chemical, defense arms for $1.7 billion
South Korea's Samsung Group said on Wednesday it is selling stakes in four chemical and defense firms for 1.9 trillion won($1.72 billion) to Hanwha Group, the latest move in the massive task of restructuring the country's largest conglomerate.
Coal mine accident in northern China kills 24: Xinhua
A coal mine fire in China's northern Liaoning province has killed 24 workers and left 52 injured, the official Xinhua news agency reported on Wednesday, underscoring the poor safety record of the world's biggest coal producing country.
U.S. House to hold hearing on oil export ban
A House of Representatives panel will hold a hearing on Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance.
Carl Icahn raises stake in car rental company Hertz
Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent. The billionaire was already Hertz's largest shareholder and in the past few months had successfully pushed for management changes and won board seats on the company.
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President Barack Obama pledged on Tuesday to veto a deal still under negotiation in Congress that would make several expiring business tax breaks permanent.
Asian stocks edged up on Wednesday after data showing the U.S. economy growing at a relatively solid pace calmed investor anxiety over slowing global growth, while the Australian dollar languished near four-year lows against the dollar.
Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units.
The central banks are finding it difficult to boost growth by increasing domestic demand and hence the need to depend upon foreign demand. The progressive rate cuts and monetary easing measures have led to massive falls in these currencies thereby helping these countries to increase exports.
Microsoft sued the Internal Revenue Service on Monday, seeking information about a law firm hired by U.S. tax authorities in a review of how the software company books sales between subsidiaries.
China showed governments and the planet's biggest tech firms last week its vision for global Internet governance - clean, controlled and choreographed.
Japan's loss-making Sony Corp plans to slash its TV and mobile phone product line-ups to cut costs, counting on multi-billion dollar revenue surges for its buoyant PlayStation 4 and image sensor businesses over the next three years.
Macy's Inc, which traditionally kicks off the U.S. holiday shopping season with a nationally televised parade in Manhattan, also will join a handful of other companies this year parading their ads on Facebook's fledgling video feeds.
U.S. sportswear company Nike will continue to sponsor the United States Olympic Committee (USOC) and its athletes until the end of 2020, the USOC said on Monday.
