Business

China Finance Minister Welcomes U.S. Policy Withdrawal: Xinhua

Attempts by the Federal Reserve to dial back its super-loose monetary policy are good for China because it shows the world's largest economy is improving, China's Finance Minister was quoted as saying on Sunday. Lou Jiwei, in Sydney for a...

Beyond Cute Cats: How BuzzFeed Is Reinventing Itself

BuzzFeed has come a long way from cat lists. This month one of its journalists was on the ground in Kiev reporting on the crisis in Ukraine, and last December it published an in-depth article on a Chinese dissident...

Chipmakers Dream Of China As They Head To Spain’s Smartphone Gala

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The world's biggest mobile brands will jostle for the spotlight at the premier mobile industry event this week in Spain, but away from the glitzy displays chipmakers will be preoccupied with China, the largest mobile market on the planet. From...

Nigerian Crude Oil Export Steadies As Demand From Europe, India Rises

Buoyed by growing demand from Europe and India, Nigerian crude oil export for March loading have sold well with less than 10 cargoes unsold from the March programme. More Nigerian crudes are expected to head to Europe in March compared...

Austria Should Stand By Hypo Creditors: Nowotny

Austria should not demand creditors of struggling state bank Hypo Alpe Adria HAABI.UL take a "haircut" on the debt, central bank head Ewald Nowotny said, contradicting the country's finance minister. Nowotny, who was on Friday put in charge of a...

HSBC To Announce Bonuses Totaling $4 Billion: Report

HSBC will announce staff bonuses totaling just under 2.4 billion pounds ($4 billion) globally for 2013 and is expected to report a significant rise in pretax profit, Sky News reported on its website on Saturday without citing its sources. Europe's...

G20 Support Builds To Adopt Ambitious Target For Global Growth

The world's top economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney, where major central banks are also being urged to coordinate policies to avoid "surprises" that could further roil...

Apple Security Flaw Could Allow Hackers To Beat Encryption

A major flaw in Apple Inc software for mobile devices could allow hackers to intercept email and other communications that are meant to be encrypted, the company said on Friday, and experts said Mac computers were even more exposed. If...

U.S. Data Soothes Nerves, Lifting Stocks And Dollar

Shares and the dollar rose on Friday, buoyed by upbeat U.S. factory activity data the previous day, while Ukraine's currency and bonds firmed on prospects of a deal to end a crisis that has killed 75 people in two...

U.S. Leads Pushback Against Emerging Market Angst At G20

The world's rich nations pushed back on Friday against emerging market complaints about the spillover effects of their monetary policies, saying they had to get their own houses in order and get with the agenda of boosting global growth. As...