Latest stories
EU Fines Mastercard 570 mln Euros in Anti-Trust Action

The European Union has fined global credit card giant Mastercard 570 million euros ($647 million) for hindering competition with banks offering cheaper payment fees.

W140 Full Story
Israel and Ukraine Ink Free Trade Deal

Israeli Prime Minister Benjamin Netanyahu and Ukranian President Petro Poroshenko announced Monday the two countries had signed a free trade agreement. 

W140 Full Story
Renault Board to Replace Ghosn on Thursday

French carmaker Renault said Tuesday that it would hold a board meeting Thursday to name a replacement for its boss Carlos Ghosn, who remains in custody in Japan over alleged financial misconduct.

W140 Full Story
British Pound Recovers as May Outlines Brexit 'Plan B'

The pound recovered ground Monday after British Prime Minister Theresa May said she plans to return to Brussels to discuss changes to the Brexit deal she agreed with EU leaders last month despite an overwhelming rejection of the draft text by MPs last week.

The London stock market ended the day with the thinnest of gains, but still outperformed its European peers which all closed lower.

W140 Full Story
IMF Lowers Growth Forecast for Saudi Arabia, Region

The International Monetary Fund on Monday lowered its 2019 economic growth forecast for Saudi Arabia and the region over low oil prices and crude output along with rising geopolitical tensions.

W140 Full Story
Ghosn Vows to Stay in Japan if Granted Bail

Carlos Ghosn, the ousted Nissan boss detained in Tokyo on charges of financial misconduct, on Monday vowed to remain in Japan if granted bail and again proclaimed his innocence.

W140 Full Story
China's Economy Grew at Slowest Pace in 28 Years in 2018

China's economy grew at its slowest pace in almost three decades in 2018, losing more steam in the last quarter as it battles a massive debt pile and a US trade war, official data showed Monday.

The 6.6 percent growth comes in above the official target of around 6.5 percent and matches a forecast by analysts polled by AFP, but is down from the 6.8 percent chalked up in 2017, according to the National Bureau of Statistics (NBS).

W140 Full Story
Does the Corporate Debt Mountain Pose an Avalanche Risk?

During the years of ultra cheap money, companies loaded up on debt but now the concern is whether they will be able to handle the mountain of debt as interest rates rise.

W140 Full Story
Reports: France Pushes Japan to Accept Renault-Nissan Merger

Japanese media reported Sunday that France wants a merger between Renault and Nissan following the arrest of former Nissan chairman Carlos Ghosn, but according to France's economy minister changing the current set-up is "not on the table".

W140 Full Story
Brexit Bullion: Fear of No-Deal Triggers Irish Gold Rush

In a vault under the streets of Dublin a pot of gold owned by anxious investors is growing every day Britain edges closer to leaving the EU without a deal.

W140 Full Story