Business news

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Samsung Electronics, China Trade Deal Give Boost to South Korea's Yuan Hub Ambitions

South Korea became the third country in the world to begin direct trading of the yuan for a local currency in December.

Feb 25, 2015

China's factories show signs of a rebound

China revving back up after a week-long holiday welcoming in the year of the sheep. And it looks like things are off to a slightly better-than-expected start. A snapshot of factory health, the HSBC/

Feb 25, 2015

China stocks to welcome short-selling

Fresh off of the Lunar New Year holiday break, the main Chinese stock exchange is opening its doors to short sellers. As soon as next week, foreign investors will for the first time be able to short

Feb 25, 2015

SBI-led Consortium Initiates Kingfisher House Possession

A State Bank of India-led consortium of 17 banks has initiated the process of taking over physical possession of the famed Kingfisher House, valued at ₹100 crore.

Feb 25, 2015

It's ten in a row for the Nasdaq

Stocks rose after Fed chair Janet Yellen's congressional testimony where she said the central bank is preparing to consider interest rate hikes on a meeting-to-meeting basis. The Dow and S&P 500

Feb 25, 2015

Fed's Yellen makes subtle shift in emphasis

A subtle but powerful message adjustment from Fed Chair Janet Yellen speaking to the Senate Banking Committee about plans for the first interest rate hike since 2006: (SOUNDBITE) JANET YELLEN, CHAIR

Feb 25, 2015

Spanish economy strengthening, says PM

There's an election on the horizon and upstart parties sprouting out of discontent. For a Spanish government lacking in voter support, some positive economic news couldn't come at a better time.

Feb 24, 2015

ECB presents new 20 euro bill

Crisp and fresh off the press. Few can resist the feel of a brand new banknote. This the euro zone's new 20 euro bill. It's the third in the Europa series gradually replacing the original notes

Feb 24, 2015

Fed's rate hike decision is on 'meeting-by-meeting' basis Yellen

ROUGH CUT (NO REPORTER NARRATION) STORY: The Federal Reserve is preparing to consider interest rate hikes "on a meeting-by-meeting basis," Fed Chair Janet Yellen told a congressional committee on

Feb 24, 2015

UK should stick with austerity - OECD

The hustle and bustle of London, and the sound of economic success. The UK economy is the fastest growing in the G7 with growth forecast to hit 2.6 percent this year. That's the assessment from the

Feb 24, 2015

Qatar's costly World Cup conundrum

Some match dates at last for the Qatar world cup finals. A FIFA task force is recommending the 2022 event takes place in November and December when temperatues drop from summer peaks of over 50

Feb 24, 2015

Westwood goes green at Fashion Week

Black, red and also… Green? British fashionista dame Vivienne Westwood is known for her loud style as well as her loud views. She used her latest London Fashion Week Red Label show to urge the

Feb 24, 2015

Home Depot warns on dollar

Americans are spending more money fixing up their homes, and that's jacking up sales at Home Depot. Same-store sales in the U.S. rose nearly 9 percent in the latest quarter. And profit rose sharply

Feb 24, 2015

Greece on course for bailout extension

A vital document submitted - just in time to meet a midnight deadline. Greece has now delivered a list of reforms it's promising to get an extension of its bailout. But with Brussels already warning

Feb 24, 2015

Consumers fuel Germany's recovery

The nation of savers - is now spending... and at a rapid rate. Consumers are fuelling Germany's recovery - with Q4 GDP data showing the economy grew by 0.7%. Morale is at its highest rate in 13

Feb 24, 2015