A U.S. judge takes action against the Bank for China for contempt.» Read More
Ferretti, the Italian luxury yacht builder, is turning to the new super rich of Brazil as sales have slumped to its traditional ‘old economy’ customers in the marinas of the Mediterranean, the FT reports.
As the St Petersburg International Economic Forum wrapped up over the weekend, the business leaders and investors who flew into Russia to see President Medvedev outline his vision for attracting foreign investment into the resource-rich former super power were hopeful that reform is finally on the way, but sceptical that the Russian leadership will finally deliver on its promises to create a more business friendly environment.
Dmitry Medvedev has made clear he would like a second term as Russian president but said he and prime minister Vladimir Putin would not run against each other next year, he told the FT.
Cash-strapped nations are only now starting to loosen the purse strings on defense spending, and many may still be looking for bargains at the Paris Air Show this year..
Known as the BRICs, Brazil, Russia, China and India look to compete on level ground with traditional players in the aviation industry.
Strong travel bookings and surging global sales will translate into 1,040 commercial-plane deliveries worldwide this year and 1,225 next year, after two very lean years.
Demand for business jets could be flying high once again, as the economy slowly recovers and emerging global markets enter the fray. While business might not be picking up full throttle just yet, there is “cautious optimism” based on three important industry markers.
Given the doom and despondency across so many parts of the EU economy and with European governments tumbling over themselves to reverse years of living beyond their means, next week's Paris Air Show at Le Bourget should provide something to cheer, writes Howard Wheedon, Senior Strategist at BGC Partners.
Greece's crisis is roiling global currency markets, but bitcoins - yes - are unscathed. Time for your Friday FX Fix.
Russia and China are the most attractive BRIC countries at the moment, according to Jim O’Neill, Chairman of Goldman Sachs Asset Management.
At the St Petersburg International Economic Forum (SPIEF), one of the main topics on the agenda is how Russia transforms the wealth gained from its substantial natural resources into a more rounded economy.
Chinese stocks have seen a correction off late, but one fund manager, who's been shorting Hong Kong stocks since November, believes the market has hit bottom.
Corrupt Chinese officials smuggled an estimated Rmb800bn ($123.6 billion) of ill-gotten gains out of the country over a 15-year period, according to a report released by China’s central bank. The FT reports.
What happens if Greece defaults? Everyone from Japanese savers to US retirees is likely to feel the effects. Learn more.
Cummins Chief Executive Tim Solso told CNBC Thursday the United States lacks a qualified workforce with the kinds of technical skills he needs for his engine-making business.
Salman Khan of the Khan Academy explains what China's currency situation means for U.S. consumption and how it affects the entire U.S. and global economies.
Countries around the world keep their currencies pegged to the U.S. dollar, but how is this balance maintained? We saw in a previous video how a floating exchange rate can significantly affect international trade, but how is this achieved?
You've probably heard about the global controversy surrounding the Chinese currency: international leaders have criticized the Chinese government for keeping the value of the Yuan artificially low, because an artificially undervalued Yuan has serious implications for international trade.
New economic stats on retail sales from both China and the U.S. show there’s no double-dip recession out there — no matter what the bears-gone-viral may be telling you. No Armageddon. And no stock market crash either. Actually, Tuesday’s 123-point Dow gain to get back over 12,000 is a key sign that the stock correction may be over.
Default fears persist, Swiss economic outlook lists, Chilean peso lifts. Time for your FX Fix.