Business
Latest stories
Greek PM Warns Hardliners with Snap Vote to Approve Reforms

Greek Prime Minister Alexis Tsipras on Wednesday said he would hold early elections if hardliners in his party continued to resist an unpopular new bailout deal that promised debt relief.

"If we do not have a parliament majority I will be forced, we will be forced to hold elections," Tsipras said in a two-hour interview with Sto Kokkino radio.

W140 Full Story
Personal Loan in Lebanon: Often the Right Choice?

The following information is provided by Bnooki.com that is a FREE online platform that gathers data related to financial products and services offered by banks and financial institutions in Lebanon.

You may need new house equipment; your children are applying to university, or maybe it is time for travel. Perhaps a personal loan may be the way to achieve that. But don’t rush, taking a personal loan option is often not the right move.

W140 Full Story
Nissan's Three-Month Profit up 36% to $1.3 Billion

Nissan on Wednesday said its net profit for the three months to June soared 36.3 percent to $1.3 billion on strong sales in North America and Europe.

Japan's number-two automaker said its quarterly net profit reached 152.8 billion yen ($1.3 billion), while operating profit jumped 58.0 percent to 193.7 billion yen.

W140 Full Story
Nintendo Swings to Profit in April-June, Sales up 21%

Japanese video game giant Nintendo said Wednesday it swung to a $67 million net profit in the three months to June, owing to a jump in console sales and a weaker yen.

The company, whose chief executive Satoru Iwata died of cancer at the age of 55 this month, said its 8.28 billion yen net profit reversed a loss of 9.92 billion yen a year earlier.

W140 Full Story
Procter & Gamble Names New CEO

Top American manufacturer Procter & Gamble promoted its beauty branch leader, David Taylor, to head the company as CEO, the company announced.

Taylor will replace current CEO A.G. Lafley, 68, according to media reports Tuesday.

W140 Full Story
Rollercoaster China Stock Market Has more Room to Drop

Fasten your seat belts, investors, China's volatile stocks still have room to drop.

But analysts say keeping the rollercoaster on the tracks without an outright crash will depend on how the government manages its eventual exit from the market.

W140 Full Story
Secret 'Parallel' Money Plan Clouds Start of Greek Bailout Talks

The Greek government and its international creditors began work on a mammoth new bailout Monday overshadowed by revelations that Greece's ex-finance minister Yanis Varoufakis had been secretly planning for a parallel system of liquidity.

As the European Commission confirmed that technical talks on Greece's third bailout had started in Athens, the embattled leftist government was put on the defensive by Varoufakis's claim to have "hacked" into his own ministry weeks earlier to create duplicate files for millions of Greek taxpayers.

W140 Full Story
Euro Gets Boost from Eurozone Growth Data

A rise in German business confidence and signs of a pickup in lending in Europe gave a boost to the euro Monday.

The single currency jumped more than one percent against the dollar, hitting $1.1132, the highest level in two weeks, before easing to $1.1091 in late trade.

W140 Full Story
Britain's Cameron Warns of Dirty Money in London Property

British Prime Minister David Cameron is to speak out against "corrupt money from around the world" being laundered through property in Britain in a speech to be made during a trip to Southeast Asia on Tuesday.

The Conservative Party leader is to announce a consultation on increasing transparency on property ownership, amid concerns from campaigners that rising property prices in Britain are fuelled by corrupt cash.

W140 Full Story
Dollar under Pressure on China Equity Rout Concerns

The dollar recovered slightly against the yen Tuesday, although gains were limited as investors remain on edge after a sharp plunge in Chinese markets hit risk sentiment, but the euro was supported by upbeat German data.

In Tokyo, the greenback fetched 123.55 yen, up from 123.24 yen in New York late Monday. although it is still off the 123.75 yen earlier in Asia.

W140 Full Story