Greece says wants to make debt payments but needs aid urgently

Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on Monday, after several senior officials insisted Athens had no money to pay a loan installment falling due next week.


Europe stocks stumble, dollar lifted by U.S rate view

European shares fell in thin trade on Monday while the dollar powered ahead after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year.

Stock Market

Troubled Malaysia Airlines to be completely revamped: new CEO

Loss-making Malaysia Airlines is set to undergo a complete overhaul as it is restructured into a new company, with a rebranding that will be unveiled next week and changes planned to its fleet and network strategies.

Malaysia Airlines



Jobs & Career News

Lenovo annual profit up 1 percent, misses forecasts, on IBM, Motorola deals

Mobile World Congress 2015 - Day 2

Lenovo Group Ltd (0992.HK), the world's biggest PC maker by sales, said on Thursday its annual net profit rose one percent to $829 million, slightly below analyst expectations, as it completed two major acquisitions during that year.

Weak China factories chill hopes for global bounce, U.S. lift needed

China Surpasses US In Goods Produced for World's Largest Economy

Manufacturing activity in Asia's top two economic powerhouses remained stuck in low gear in May, but an absence of inflation pressures suggested that authorities could inject yet more stimulus if needed.

European stocks fall on Greece; dollar rebounds


European shares fell on Monday, weighed down by worries over a looming cash crunch in Greece, while the dollar rebounded after concern over the U.S. economy drove the currency to four-month lows on Friday.

Intel, Altera resume deal talks: NY Post


Chipmakers Intel Corp (INTC.O) and Altera Corp (ALTR.O) have resumed talks on a possible deal that could top $13 billion, the New York Post reported.

Alibaba sued in U.S. by luxury brands over counterfeit goods

Alibaba Group

A group of luxury goods makers sued Alibaba Group Holding Ltd (BABA.N) on Friday, contending the Chinese online shopping giant had knowingly made it possible for counterfeiters to sell their products throughout the world.

Oil Rigs

Oil prices edge down as dollar strengthens

Crude oil futures edged lower toward $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping trading muted.


China invites private investors to help build $318 billion of projects

China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate.

Nokia Lumia 735 Skype and Selfie Pod at the East Side Gallery Berlin - Day 1

Nokia CEO says in no hurry to sell mapping unit HERE: magazine

Nokia (NOK1V.HE) is in no hurry to sell its mapping unit HERE despite receiving high quality bids, the Finnish company's chief executive said in a trade magazine interview.


HP sells $2.3 billion China unit stake to forge partnership with Tsinghua Unigroup

Hewlett-Packard Co (HPQ.N) will sell a controlling 51 percent stake in its China-based data-networking business to China's Tsinghua Unigroup for at least $2.3 billion, forming a partnership designed to create a Chinese technology powerhouse.


Mazda, Mitsubishi add 624,000 more cars to Takata air bag recall

Mazda Motor Corp (7261.T) and Mitsubishi Motors Corp (7211.T) said on Friday they would recall about 624,000 more vehicles to replace air bag inflators made by Japan's Takata Corp (7312.T), following similar moves last week by domestic automakers.


Greece sees reforms deal with lenders in next 10 days

Greece expects to reach a cash-for-reforms deal with its creditors in the next 10 days and aims to meet all its payments in June, the government's spokesman said on Friday, after the prime minister met with EU leaders.

London Stock Exchange

Stocks get that Friday feeling as stimulus trumps growth concern

Global stocks rose and bond yields fell on Friday, as investors shrugged off slowing global growth and focused instead on the continued stimulus provided by the world's major central banks.


Target profit tops estimates on healthy sales growth

Target Corp (TGT.N) on Wednesday reported a larger-than-expected rise in quarterly profit, citing robust online sales and strong demand for products at the center of its growth plan.


Tax scare on Yahoo's Alibaba stake spin-off seen premature

Yahoo Inc's (YHOO.O) planned spin-off of its stake in Alibaba Group Holding Ltd (BABA.N) is likely to proceed on a tax-free basis, analysts said, as Yahoo shares regained most of their losses after concerns of a possible change in U.S. tax rules spurred a slide on Tuesday.

Deutsche Bank

Deutsche Bank shifts power to co-CEO Jain in board reshuffle

Deutsche Bank (DBKGn.DE) reshuffled its management board late on Wednesday, consolidating restructuring authority under co-Chief Executive Anshu Jain while bidding farewell to its retail banking head Rainer Neske.

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