Dubai-based real estate developer Emaar Properties on Sunday reported a 31-percent rise in net profits during the third quarter of 2015.
Emaar -- best known for building the world's highest tower, the Burj Khalifa -- said it had recorded net profit of $230 million between July and September 2015, compared to $176 million during the same period last year.Full Story
Four major Greek banks must find up to 14.4 billion euros ($15.8 billion) to survive potential economic shocks, the European Central Bank said Saturday, releasing the results of an in-depth financial health check.
Weakened after years of recession, Greece's banks took a further battering this year when the government pushed the country to the brink of a euro exit in a standoff with Berlin and Brussels over the terms of Greece's international bailout.Full Story
A flood of cheap money is financing the biggest boom in mega-mergers and takeovers since the 2008 global financial crisis.
But analysts warn that hastily arranged corporate marriages that seem blissful in good financial times can end in tears, and considerable debts.Full Story
China is considering relaxing limits to allow individuals to invest overseas in stocks and property, the central bank said, which would potentially unleash a flood of money if the government loosens strict capital controls.
The country keeps a tight grip on outflows of funds due to worries capital flight could disrupt the economy and weaken its control.Full Story
Porsche said on Friday it would recall close to 60,000 vehicles worldwide due to risks of engine leaks.
The luxury arm of beleaguered auto giant Volkswagen said the recall would apply to its Macan S and Macan Turbo models, which could be prone to leaks in a low-pressure fuel line in the engine compartment.Full Story
Banner earnings from Apple, a big drugstore merger and another twist in the Federal Reserve's message on interest rates highlighted a week that produced modest gains for U.S. stocks.
Major indices lodged their fifth straight week of gains, with the Dow Jones Industrial Average ending up 16.84 (0.10 percent) to 17,663.54.Full Story
Russia's central bank on Friday held its key interest rate for the second month running as it balanced worries over inflation against trying to resuscitate its crisis-hit economy.
The bank said that it had left the rate unchanged at 11 percent "in recognition of persistent substantial inflation risks" but insisted it could start cutting again in the future as weak domestic demand pushes down inflation pressures.Full Story
Eurozone inflation rose to zero percent and out of negative territory in October, official data showed Friday, a level that is still low enough to encourage the European Central Bank to pump up its stimulus.
Earlier this month, ECB president Mario Draghi signaled that the central bank could be ready to boost its contested bond-buying program given low inflation levels across the 19 countries that share the euro.Full Story
Swiss banking giant Credit Suisse said Friday it has been approached by Swiss and US authorities over banking links with FIFA officials accused of bribery and corruption.
"Credit Suisse has received inquiries from these authorities regarding its banking relationships with certain individuals and entities associated with FIFA," the bank said in a statement, adding that it was cooperating with the authorities on the matter.Full Story
Chinese President Xi Jinping's brother-in-law owned shares in a firm controlled by the country's richest man Wang Jianlin, the businessman confirmed after allegations that political connections helped Wanda Group grow.
The declaration by Wang comes after a sweeping anti-corruption drive under Xi has targeted a swathe of prominent cadres and low-level officials.Full Story