Country

Obama will visit India again as ties expand

U.S. President Barack Obama will attend India's Republic Day celebrations in January as chief guest, a sign of steadily expanding ties between two countries that share concerns about China's growing power in Asia.


China's rate-cut likely to hurt banks, curb new loans to small borrowers

China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.

Los Angeles mayor presses China to allow more Hollywood films

A flurry of private Chinese investment into Hollywood should prompt Beijing to loosen its restrictions on U.S. film imports, the mayor of Los Angeles said in China on Friday as he urged officials to raise the country's annual cap on foreign films.

Hitler watercolour fetches 130,000 euros at Nuremberg auction

A 1914 watercolour by Adolf Hitler fetched 130,000 euros ($161,000) at auction in the German city of Nuremberg on Saturday, the auctioneers said.


Latest News

Boeing Co (BA.N) on Friday welcomed a decision by Japan to buy V-22 Osprey tilt-rotor aircraft that it builds together with Bell Helicopter, a unit of Textron Inc (TXT.N).
European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use whatever means necessary as China also acted to boost its sagging economic growth.
Chinese Premier Li Keqiang has called for "new growth engines" to counter slowing growth in the world's second largest economy, Xinhua reported late on Friday.
Bank of America has hired two U.S. government officials to join its financial crimes team, according to three people familiar with the matter, as banks are under increasing pressure to police their transactions for suspicious activity.
The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc (BKW.N) of Canada's iconic coffee-and-donut Tim Hortons Inc (THI.TO), Industry Minister James Moore said on Friday.
American Airlines Group Inc (AAL.O) subsidiary Envoy Air plans to transfer at least 50 Embraer 145 (EMBR3.SA) aircraft to other regional carriers beginning in early 2015 in a move that will lead to job cuts, according to an internal letter reviewed by Reuters.
Aereo Inc, the online video streaming company backed by media mogul Barry Diller, has filed for bankruptcy protection. The Chapter 11 filing on Thursday night came five months after the U.S. Supreme Court said Aereo violated broadcasters' copyrights by capturing live and recorded programs on miniature antennas and transmitting them to subscribers who paid $8 to $12 a month.
World stock markets and oil prices rallied on Friday, fueled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.
The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc's (GOOGL.O) search engine operations in Europe from the rest of its business as one possible option to rein in the Internet company’s dominance in the search market.
Jean-Claude Juncker will unveil a much anticipated 300-billion-euro ($370 billion) investment plan on Wednesday that is meant to trigger economic growth in the European Union.
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