World Economy

David Cameron said Chinese President Xi Jinping has brought more than 30 billion pounds ($46 billion) in deals and investment on his visit to Britain this week, as the prime minister defended…

FedEx and its Dutch-based takeover target TNT Express say that the European Commission does not object to their €4.4 billion ($5 billion) agreement, paving the way for the deal to be completed in…

Lam Research is buying KLA-Tencor Corp. for about $10.6 billion, creating a huge player in the semiconductor sector that will rival Applied Materials Inc, according to Associated Press.

UK Government borrowing fell in the first six months of the financial year, official figures have shown, BBC reported. Public sector net borrowing excluding public sector banks was £46.3 billion…

Ferrari NV raised $893 million in its US initial public offering, pricing the shares at the top end of the marketed range after investor demand in the supercar maker outstripped the stock…

Alrosa PJSC, the world’s largest rough-diamond producer by output, sold less than half of the stones it mined in the third quarter, reflecting a collapse in global demand, Bloomberg reported. The…

Merlin Entertainments has signed an agreement with China Media Capital to establish a Legoland park in Shanghai, BBC reported.

It is part of a deal between the two to explore opportunities…

Credit Suisse Group AG will raise about 6.05 billion Swiss francs ($6.3 billion) of capital as part of a broad reorganization that will increase the bank’s focus on Switzerland and wealth…

Britain's smaller lenders and British units of foreign investment banks will escape the Bank of England's annual 'stress tests' of their resilience to financial shocks, the central bank said on…

Starbucks and Fiat Chrysler have been told they must pay back between €20 million and €30 million in taxes after European tax deals were ruled illegal, BBC reported.

Tax deals that…

Tata Steel has announced nearly 1,200 job losses at its plants in Scunthorpe and Lanarkshire, BBC reported.

Nine hundred jobs will be lost at the firm's plant in Scunthorpe. The remaining…

International Business Machines Corp posted a bigger-than-expected drop in revenue and cut its full-year profit forecast, as a stronger U.S. dollar accentuated weakness in demand from China and…

Swiss watch exports had their biggest quarterly decline since 2009 as the industry struggles with the strong franc and as a slump in demand in China and Hong Kong began to spread across Asia,…

Three years ago, Chinese officials said UK Prime Minister David Cameron had “seriously damaged” relations by meeting with the Dalai Lama, the exiled Tibetan leader. As planned talks between the…

Deutsche Lufthansa AG may offer long-haul flights from Berlin for the first time in a decade as Europe’s second largest carrier expands its low-cost arm, Bloomberg reported.

AstraZeneca opened a new $224 million drug manufacturing and packaging factory in Russia on Tuesday in a move Chief Executive Pascal Soriot said reinforced its long-term commitment to the country…

The rush of money leaving Pacific Investment Management Co. is easing up, according to Bloomberg.

Assets under management at Pimco were $1.47 trillion as of September, little changed from $…

Banks will have to double the amount of capital they hold to cover possible default on their pooled-debt under planned new global rules, they said on Tuesday, potentially hampering the EU's drive…

The China-fueled commodity slump that has torn through the world’s biggest raw-materials markets from iron ore to copper is now hitting the diamond industry. That’s bad news for Anglo American Plc…

Some of Europe’s biggest lenders have opened their doors for a former UBS Group AG executive to install an internal search machine that tracks availability of their bonds. Especially the ones…

French bank Societe Generale wants to cut 2,000 jobs and close 400 branches in its French retail banking business, the CFDT union said in a statement on Tuesday, Reuters reported. This follows…

Most US states reported jobs losses in September as slowing growth has weighed on hiring nationwide in the past two months. The Labor Department says hiring increased in just 20 states last month…

Estonia has to increase its minimum wage more slowly after 2017 to avoid eroding its competitiveness, the head of the International Monetary Fund’s mission to the Baltic country said, Bloomberg…

Behind the headlines and images portraying a government unable to reconcile warring bosses and trade unions, economic reforms are slowly taking hold in France, according to Reuters.

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EU and US negotiators have started a new round of trade talks to advance the Transatlantic Trade and Investment Partnership. The negotiations come after the US and 11 Pacific nations finalized a…