European Central Bank Governing Council member Ewald Nowotny warned on Monday that inflation is expected to continue to fall in the eurozone in the first quarter of 2015 amid a prolonged slowdown in economic growth.He told a conference in Frankfurt that, "We see a massive weakening in the euro zone economy”.
Legal & Regulatory
India court orders Xiaomi to suspend smartphone sales
An Indian court has ordered Chinese budget smartphone maker Xiaomi Technology Co Ltd [XTC.UL] to temporarily stop selling its devices in India, the Economic Times newspaper reported on Thursday, citing legal documents.
Saving Sears: Eddie Lampert's complicated dance
Tax rules and concerns about Sears Holdings Corp's (SHLD.O) tenuous financial condition may force CEO Eddie Lampert to do a complicated dance as he plans to spin off the retailer's best real estate into a separate trust.
Abercrombie CEO Jeffries steps down as company seeks new look
Abercrombie & Fitch Co (ANF.N) Chief Executive Michael Jeffries, who transformed the teen apparel retailer from a drab sports brand into a fashion icon before running afoul of shoppers and investors, has stepped down after over two decades at the helm.
U.S. extends scrutiny of Standard Chartered on sanctions compliance
Standard Chartered (STAN.L) will face another three years of scrutiny for compliance with U.S. standards related to sanctions against certain countries, according to documents filed on Tuesday that also noted another probe of the bank is underway.
Latest News
Investors are pouring money into the operators of U.S. rehab centers as many more Americans get health care coverage for addiction treatment, driving up valuations and triggering a consolidation of businesses in the fragmented sector.
Lu Wei, China's top Internet regulator, may not welcome Facebook to his house, but he's certainly welcome at Facebook. Lu, the minister of China's Cyberspace Administration, recently toured the campuses of U.S. tech giants Facebook Inc, Apple Inc and Amazon Inc, according to a report and pictures posted on a Chinese government website on Monday.
Network equipment maker Cisco Systems Inc filed two lawsuits on Friday against Arista Networks Inc, accusing the smaller rival of copying its networking technologies.
When local officials warned striking shoe factory workers in China's Pearl River Delta this summer that they were breaking the law, a slight, bespectacled figure barely 5 feet 5 inches (1.65 meters) tall faced them down.
Britain plans to introduce a tax to target multinationals such as Google Inc (GOOGL.O) and Amazon Inc (AMZN.O) accused of using complex accounting schemes to cut their payments on earnings in the country.
Euro zone ministers are considering extending Greece's bailout by six months to mid-2015, according to a document obtained by Reuters, but Athens said it was only willing to consider an extension of a few weeks to the unpopular program.
Coming up next week: China CPI, Swiss Libor Rate, New Zealand official cash rate, Euro LTRO to start
In the upcoming week, China's trade balance, consumer price index and industrial production are scheduled for release, Swiss National Bank libor rate and monetary policy statement are to be announced...
Taiwan has identified 12 smartphone brands that do not conform with privacy standards, and the handset makers could face fines or a ban unless they address the breaches, an official at the telecoms regulator said on Friday.
A Virginia health panel remade by the Democratic governor voted on Thursday to revamp rules that threatened to shut down abortion clinics across the state
