After a year of landmark deals which are opening new markets for Islamic finance, the industry is under fresh pressure to address some of its shortcomings and prove that it is not just an imitation of conventional finance.
Regions
Lafarge SA, Holcim near deal to sell $7 billion in assets to CRH: WSJ
Cement companies Lafarge SA (LAFP.PA) and Holcim Ltd (HOLN.VX) are nearing a deal to sell at least $7 billion worth of assets to Ireland's CRH PLC (CRH.I), the Wall Street Journal reported on Saturday, citing people familiar with the matter.
Samsung Electronics to buy Brazil printing solutions firm
South Korea's Samsung Electronics Co Ltd (005930.KS) said on Saturday that it would acquire Brazilian printing solutions company Simpress, the latest deal by the tech giant to bolster its business-to-business operations.
Obama proposes 14 percent tax on U.S. companies' untaxed foreign earnings
President Barack Obama's fiscal 2016 budget would impose a one-time 14 percent tax on some $2 trillion of untaxed foreign earnings accumulated by U.S. companies abroad and use that to fund infrastructure projects, a White House official said.
Deadline passes in U.S. refinery workers contract talks
Union leaders and oil companies were unable to agree on a new labor accord on Saturday for workers at 63 U.S. refineries as a deadline passed that could lead to a strike.
Latest News
After December's landslide re-election, Japanese Prime Minister Shinzo Abe's program to revive the nation's economy is set to meet perhaps its stiffest challenge, the nation's sclerotic farming industry.
There will be one happy billionaire on Sunday when either Seattle Seahawks owner Paul Allen or New England Patriots counterpart Robert Kraft hoists the Vince Lombardi Trophy as the Super Bowl champion.
The Obama administration on Friday proposed a plan to move most doctors, hospitals and their patients to national standards for handling electronic clinical data by the end of 2017.
McDonald's Corp. (MCD.N) will open fewer new restaurants in Russia this year than last because a fall in the rouble has increased expansion costs and is hurting consumers, its Russian chief executive Khamzat Khasbulatov told Reuters.
A U.S. Treasury official and a director at the New York Federal Reserve are among those who have been considered to replace two hawkish Fed policymakers, according to people familiar with the searches.
A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.
German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if Athens does not agree to renew its bailout package.
Budget airline AirAsia Bhd resumed online promotions and advertising this week, a month after a plane operated by its Indonesia affiliate crashed into the Java Sea, killing all 162 people on board.
New Greek Prime Minister Alexis Tsipras, striking a conciliatory note on debt talks after a turbulent start to office, has called the European Central Bank chief to assure him that Athens was seeking an agreement.
