Business

Prosecutors raided the headquarters of LG Electronics on Friday as part of a probe into whether the South Korean company had damaged the washing machines of rival Samsung Electronics at retail stores in Germany, LG said. The raid comes amid...

Hyundai Motor and affiliate Kia Motors promoted younger executives on Friday, in moves analysts said would help smoothen an eventual leadership succession at the family-owned conglomerate. Hyundai Motor said it elevated chief marketing officer Cho Won-hong to executive vice president....

The Chinese government said on Friday that it will soon settle its antitrust investigation of U.S. mobile chipmaker Qualcomm Inc. The National Development and Reform Commission (NDRC), the country's anti-monopoly regulator which launched a probe of the San Diego-based company...

Russia's ruble rose on Friday to its strongest levels in more than three weeks, in a sharp rebound from its recent all-time lows, after the government ordered exporters to sell some of their hard currency revenues. The ruble plunged to...

Russia said its currency crisis was over on Thursday but warned that inflation is set to climb above 10 percent, adding to the problems facing President Vladimir Putin's government as it fights its worst economic crisis since 1998. The ruble...

Fuji Heavy Industries (7270.T), the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant and will instead make the SUV in Japan, a source familiar...

Global oil markets fell again on Wednesday in holiday-thin trade, extending more than a week of see-saw volatility as traders jousted over whether a growing supply glut had been fully priced in. Oil whipped lower early in the day and...

China will simplify currency rules and step up credit support for firms investing overseas, the cabinet said on Wednesday. It was the government's latest move to encourage use of excess factory capacity at home and help local firms grow globally. The...

...Street rate for naira 3-5 pct below cenbank's lower target ...Christmas shopping slows as shoppers curb imports ...Central bank has taken measures to fight "speculators" Nigeria's central bank says the post-devaluation band for the naira is "appropriately priced", but black market hawkers...

The strongest growth for the world's largest economy in over a decade meant there was plenty of pre-Christmas cheer in global markets on Wednesday, as stocks continued their strong run and the dollar hovered at an 8-1/2 year high. Risk...