Business

European Central Bank Governing Council member Christian Noyer said on Monday that interest rates have to remain low for an extended period and might go even lower if needed as officials try to ensure the euro zone does not...

Union Verdi is preparing more strikes to step up pressure on Amazon in Germany, its biggest market outside the United States, in a dispute over pay and conditions, German media reported. Workers at Amazon centers in Bad Hersfeld and Leipzig...

Commerce Minister Gao Hucheng denounced the United States as "irresponsible" on Sunday after Washington accused China of jeopardizing a deal that aims to cut tariffs on technology products, saying Washington had disappointed participants in the talks. U.S. Trade Representative Michael...

A U.S. housing regulator has been investigating the activities of a small California not-for-profit that bought hundreds of foreclosed homes through a federally backed program intended to help local communities hurt by the housing bust, according to government documents...

Signs of rapidly worsening Chinese demand for IT giants IBM and Cisco Systems Inc are starting to spook Hewlett-Packard investors. HP's year-long stock rally sputtered last week amid fears a faster-than-anticipated slowdown in emerging markets, above all China, may dash...

South Korea will buy 40 Lockheed Martin Corp (LMT.N) F-35 stealth fighter jets, the country's military chiefs decided on Friday, with the first delivery expected in 2018, settling a drawn-out process to beef up the country's defenses. A Joint Chiefs...

World shares were set to end a volatile week on a positive note on Friday and the dollar reached a 4-month high against the yen as worry dissipated about an end to the Federal Reserve's stimulus. Volatility has eased as...

Striking workers at a Nokia factory in southern China on Friday threatened to extend industrial action after the company terminated the contracts of 59 employees for failing to return to work. Hundreds of employees stopped work on Tuesday, complaining of...

The European Central Bank's chief economist said on Friday the euro zone faces deflationary pressures, and the bank's president stressed that interest rates must remain low "because the economy is weak". With euro zone inflation running at 0.7 percent, well...

Federal Reserve officials said they plan to begin trimming the central bank's stimulus efforts in "the coming months". They believe that the US recovery is strengthening, according to minutes from their October meeting. The US central bank is currently engaged in...