Business

China has temporarily banned imports of British cheese after the country's food inspectors complained about hygiene standards at an unnamed UK dairy. The Chinese officials were reportedly dissatisfied with its maintenance and storage, raw milk transport temperatures and air sanitisation. However,...

European stocks slipped in thin trade on Monday after soft Chinese manufacturing data, while simmering tensions in Ukraine underpinned safe-haven government bonds and gold. Portuguese bond yields edged to eight-year lows after Lisbon said on Sunday the country would make...

Norway picked Citigroup (C.N) over rival U.S. bank JPMorgan Chase & Co Inc (JPM.N) as custodian of its sovereign oil wealth fund, the world's biggest at $865 billion, the Financial Times reported on Sunday. Officials at the banks were not...

Ukraine's largest bank has temporarily closed branches in separatist-held Donetsk and Luhansk, saying it could no longer carry out cash transactions in regions riddled with crime that could "threaten the lives" of its workers. Pro-Russian separatists have targeted Privatbank, after...

A U.S. jury on Friday ordered Samsung Electronics Co Ltd to pay $119.6 million to Apple Inc, far less than Apple had sought and marking a big loss for the iPhone maker in the latest round of their globe-spanning...

Bill Gates, the former chief executive and chairman of Microsoft Corp, will have no direct ownership in the company he co-founded by mid-2018 if he keeps up his recent share sales. Gates, who started the company that revolutionized personal computing...

Honda Motor Co (7267.T) will double the number of car models it sells in China over the next two years to try to capture market share from rivals such as General Motors Co (GM.N), Japan's Nikkei newspaper reported on...

U.S. job growth increased at its fastest pace in more than two years in April and the unemployment rate dived to a 5-1/2 year low of 6.3 percent, suggesting a sharp rebound in economic activity early in the second...

U.S. drugmaker Pfizer Inc increased its offer for AstraZeneca Plc to 63 billion pounds ($106 billion) on Friday, but the British company promptly rejected the proposal, which would create the world's biggest pharmaceuticals company. AstraZeneca's board said the offer "substantially...

Twitter Inc investors who heeded the advice of high-profile banks such as Goldman Sachs Group Inc and Deutsche Bank AG to buy the social media company's shares might be kicking themselves. Much more accurate calls were made by Wells Fargo,...