China should set an economic growth target of 6.5-7 percent for 2015 and refrain from stimulus measures unless the economy threatens to slow sharply from that level, the International ... Read More
Oil giant Royal Dutch Shell has described its performance as “robust” after its second-quarter profits more than doubled. Shell said profits for the period rose to $5.15bn (£3bn) from ... Read More
Banco Espírito Santo on Wednesday reported a first-half loss of €3.58 billion (or $4.8 billion), the largest ever for a Portuguese institution, wiping out the bank’s €2.1 billion capital ... Read More
Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank’s dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo ... Read More
Russia confronts the biggest sanctions from the West since the Ukrainian crisis erupted and has therefore adopted a nonchalant public stance, with President Vladimir V. Putin emphasizing the importance ... Read More
Standard & Poor’s on Wednesday cut its credit rating on Argentina’s foreign-currency sovereign debt to “selective default” even as talks between officials from Latin America’s No. 3 economy and ... Read More
U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of ... Read More
Barclays said on Wednesday that it had swung to a profit in the second quarter, but that it was hurt by lower revenue in its investment banking unit and ... Read More
Amazon.com Inc (AMZN.O) announced that is planning to invest a further $2 billion in India just a day after the country’s largest e-tailer Flipkart attracted $1 billion of fresh ... Read More
AstraZeneca (AZN.L) took a major step to build up its respiratory medicine business on Wednesday by striking a deal worth up to $2.1 billion for the rights to Spanish ... Read More
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