World Economic Magazine

Oil rises in volatile trade, Fed hike weighs

Oil prices rose on Monday in seesaw trading as the market balanced supply fears with expectations that rise in U.S.…

4 years ago

Intel to produce Taiwanese company MediaTek’s chips

U.S. chipmaker Intel Corp (INTC.O) said on Monday it will produce chips for Taiwan’s MediaTek Inc (2454.TW), one of the world's largest chip…

4 years ago

Credit Suisse eyes more cost cuts, SonntagsZeitung reports

Credit Suisse (CSGN.S) is considering how it could cut costs further after a dismal performance by the embattled bank in the past…

4 years ago

Vodafone sees progress in resolving Germany issues

Vodafone (VOD.L) is making progress towards resolving issues in its biggest market Germany after suffering a drop in service revenue there, its…

4 years ago

KPMG escapes record fine over Carillion, Regenersis audit checks

KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading…

4 years ago

Russian rouble weakens as market takes stock of rate cut

The Russian rouble weakened in jittery Moscow trade on Monday, adjusting to the central bank's decision to slash interest rates…

4 years ago

China plans real estate fund worth up to $44 billion for distressed sector, source says

China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest…

4 years ago

Oil prices fall as Libya resumes output, global demand outlook darkens

Oil prices fell on Friday on a weakening global demand outlook and the resumption of some Libyan crude oil output.

4 years ago

GLOBAL ECONOMY Global slowdown fears darken as cost of living bites

The global economy looks increasingly likely to be heading into a serious slowdown, just as central banks aggressively reverse ultra-loose…

4 years ago

Poland to buy jets, tanks and howitzers from South Korea, says minister

Poland will buy 48 FA-50 fighter jets, a first instalment of 180 K2 Black Panther tanks and howitzers from South…

4 years ago