Latest stories
Fitch Downgrades Saudi Credit Ratings over Military Tensions

Fitch Ratings on Monday downgraded Saudi Arabia's credit rating by one notch, citing "rising geopolitical and military tensions in the Gulf region" after unprecedented attacks on Saudi oil facilities.

W140 Full Story
Turkey Shrugs off Thomas Cook Collapse amid Booming Investment

Turkey's tourism minister said Friday he was unconcerned by the collapse of British tour operator Thomas Cook as he unveiled ambitious plans to make the country one of the world's top holiday destinations.

W140 Full Story
Asian Markets Fall as Trump Impeachment Saga Hits Sentiment

Asian markets fell Friday following declines on Wall Street as the impeachment inquiry into President Donald Trump weighed on sentiment.

W140 Full Story
Asian Markets Rise on Upbeat Trump Trade Comments

Asian markets rose Thursday following upbeat comments from US President Donald Trump that a trade deal with China could come sooner than expected and steps towards a new agreement with Japan.

Trump, in an appearance at the United Nations, said a deal with China was getting closer, sending Wall Street higher despite concerns over the launch of an impeachment inquiry against the mercurial leader.

W140 Full Story
Asian Markets Fall on Trump Impeachment Move, Trade Fears

Asian stock markets fell Wednesday after US Democrats launched formal impeachment proceedings against Donald Trump and on renewed worries about trade as the president adopted a hard line on China.

W140 Full Story
Beijing Opens Glitzy Airport ahead of China's 70th Anniversary

A futuristic new airport in Beijing, which is expected to become one of the busiest in the world, was opened by President Xi Jinping on Wednesday.

W140 Full Story
China to Step Up Support as Economy Slows Further

China's economic growth will ease further next year due to slowing exports and US trade tensions, the Asian Development Bank warned Wednesday as it revised downwards its GDP predictions.

W140 Full Story
Nissan Paying $15M, Ghosn $1M to Settle US Fraud Charges

Nissan will pay $15 million and former chairman Carlos Ghosn will pay $1 million to settle allegations by U.S. regulators that they hid more than $140 million of Ghosn's retirement benefits from investors.

The Securities and Exchange Commission announced Monday the settlement of civil fraud charges with the major Japanese automaker and its former chairman, who also will be barred for 10 years from serving as an officer or director of a public company. Ghosn, 65, is awaiting trial in Japan on financial misconduct charges in a criminal case.

W140 Full Story
Slovenian Flag Carrier Suspends Flights over Liquidity Problem

Slovenian flag carrier Adria Airways suspended all its flights on Tuesday over liquidity problems but said intensive talks were under way to resume operations.

W140 Full Story
Thomas Cook Collapses with 600,000 Tourists Stranded Abroad

British travel firm Thomas Cook collapsed into bankruptcy on Monday, leaving some 600,000 holidaymakers stranded and sparking the UK's biggest repatriation since World War II.

W140 Full Story