Australia said on Friday there was a lot of merit in the China-led Asian Infrastructure Investment Bank (AIIB) while Japan's finance minister signalled cautious approval of the institution that the United States has warned against.
Sectors
Germany's SPD won't back down in U.S. trade talks
Germany's economy minister has promised to block any clauses in a trade deal between the European Union and the United States that go against the ideals of his center-left Social Democrats (SPD), including investor protection clauses wanted by the Americans.
What the Superdollar means for summer travel
Jane McManus can hardly believe her luck. The New York-based sportswriter for ESPN.com is planning a summer vacation with her family in Ireland.
Luxury brands hedge their bets with smartwatches
The flurry of technology deals luxury watchmakers announced this week to tackle the Apple Watch threat are more a way to hedge their bets in case the smartwatch market takes off than a strategic U-turn.
Petrobras halts giant production unit as safety problems found
Brazil's state-run Petrobras said on Friday it shut its P-58 offshore oil production ship after the country's petroleum regulator ANP found irregularities on board the vessel, one of the company's most important offshore production systems.
Latest News
China will take steps to rein in possible risks from short-term local government bonds, including converting such bonds into long-term debt, the country's vice finance minister, Zhu Guangyao, said on Saturday.
The current level of China's yuan CNY=CFXS is appropriate because it reflects foreign exchange supply and demand and economic fundamentals, a top central bank researcher said on Saturday, playing down talk of suspected official intervention.
Russian President Vladimir Putin proposed on Friday creating a regional currency union with Belarus and Kazakhstan, Russia's main partners in a union of ex-Soviet states facing growing economic challenges.
Greece will receive much needed funding once it has submitted a detailed list of proposed reforms to the Eurogroup of euro zone finance ministers, its government spokesman said on Friday, as the country strives to avoid a cash crunch within weeks.
Jaguar Land Rover Ltd on Friday said it is recalling nearly 36,500 Range Rover Evoque sport utility vehicles (SUVs), after local media reported the British luxury carmaker used faulty gearboxes.
Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from OPEC and the United States.
Amazon.com Inc has won approval from U.S. federal regulators to test a delivery drone outdoors, as the e-commerce company pursues its goal of sending packages to customers by air, even as it faces public concern about safety and privacy.
Billionaire entrepreneur Richard Branson's Virgin Group may take on Tesla Motors Inc and other companies in developing electric cars, Bloomberg reported on Thursday.
Tag Heuer, French luxury group LVMH's (LVMH.PA) biggest watch maker, said it will launch a smartwatch later this year using Google Inc's (GOOGL.O) Android operating system in a venture with Intel Corp (INTC.O) to compete head-on with the Apple Watch.
