Bosnian lender Bobar Banka has been shut after its shareholders failed to come up with a recovery plan, the regional banking agency said, leaving its clients, including major state firms, at risk of losing some of their 250 million Bosnian marka ($156 million) in deposits.
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Saudi finance minister says no need to create sovereign wealth fund
Saudi Arabia's finance minister said there was no need for the kingdom to create a sovereign wealth fund to manage its oil wealth, rebuffing suggestions by prominent officials and businessmen.
Sony's 'Interview' draws U.S. moviegoers who trumpet free speech
"The Interview," the Sony Pictures film about a fictional plot to assassinate North Korean leader Kim Jong Un, opened in more than 300 movie theaters across the United States on Christmas Day, drawing many sell-out audiences and statements by patrons that they were championing freedom of expression.
Brent holds above $60, but heads for fifth weekly drop
Brent crude futures held above $60 a barrel on Friday as strong U.S. economic data supported the market, but oil prices were track for their fifth straight weekly decline as a building supply glut capped gains.
Sony PlayStation, Microsoft Xbox hit by delays
Microsoft Corp's Xbox Live and Sony Corp's PlayStation Networks experienced user connection problems on Christmas Day, for which a hacker group claimed responsibility.
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Global smartphone leader Samsung Electronics Co Ltd is planning a new product launch next year based on its own Tizen operating system, the South Korean giant's strategic push to free itself from Android and blaze its own software path.
Ukraine's parliament gave preliminary approval on Thursday to a law that would simplify tax legislation and impose additional duties on imports, in an effort to raise revenue amid economic crisis.
Japan aims to give a quick boost to lagging regional economies and low-income households with subsidies, merchandise vouchers and other schemes in a $29 billion stimulus package aimed at rejuvenating a two-year reflationary effort, a draft of the plan showed.
Japan, fearing it could be a soft target for possible North Korean cyberattacks in the escalating row over the Sony Pictures hack, has begun working to ensure basic infrastructure is safe and to formulate its diplomatic response, officials said.
South Korea has indicted the chief executive officer and local subsidiary of Uber Technologies Inc for violating a law governing public transport, becoming the latest jurisdiction to challenge the U.S. taxi service provider.
China's economy is creating more than 13 million new jobs this year, the Xinhua news agency cited the labor ministry as saying on Thursday, outstripping the official target despite slower economic growth.
Fuji Heavy Industries (7270.T), the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant and will instead make the SUV in Japan, a source familiar with the company's production plans said.
A fund managed by JPMorgan Chase (JPM.N) is in advanced talks to partner with Indian carrier SpiceJet Ltd's (SPJT.BO) co-founder for a planned $200 million investment into the cash-strapped airline, the Economic Times reported on Thursday, citing unnamed sources with knowledge of the discussions.
Google Inc's decision to screen Sony Pictures' film "The Interview" may help legitimize its YouTube platform as a serious rival to paid video streaming services, Netflix and Amazon.com Inc.
