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International
Toshiba reports $102 million quarterly net loss
Sales fell 4.5 per cent from a year earlier to 1.35 trillion yen, the lowest since the quarter ended December 2012, due to a poor performance in television and personal computer businesses.
Latest News
China announces multiple fiscal policies to boost growth
China Wednesday announced proactive fiscal policies aimed at stabilising growth in the world's second largest economy as it grappled with industrial overcapacity, sluggish demand, struggling exports and a volatile stock market.
China plans new push to reform state firms: Reports
China is preparing to unveil broad reforms for state-owned companies which will see some firms shut and others introduce more diversified ownership, according to media reports, in moves one analyst called a "game-changer".
Deutsche Boerse delays Asia plans due to turbulence, tech woes
Financial market turbulence in China and software problems have prompted Deutsche Boerse to delay its planned Asian derivatives exchange and clearing house by about 18 months, three people familiar with the plans said on Wednesday.
Chinese premier seeks to quell global markets' China fears
China has fended off the major risks to its financial system while its economic prospects remain positive, Premier Li Keqiang said on Wednesday, as he tried to reassure global markets that Beijing can keep its economy on track and stock markets in check.
German court orders Lufthansa pilots to halt strike
A German court of appeal ordered pilots at the Lufthansa airline to halt their strike on Wednesday, ruling it was illegal, overturning a judgement from a lower court the day before.
China to step up fiscal incentives to boost growth
China will adopt "stronger" fiscal policies to support growth, Beijing said as it seeks to sooth increasing fears about the world`s second-largest economy following turmoil in domestic and overseas markets.
ABB lowers sales target, eyes $1 bn in savings
Swiss-Swedish engineering giant ABB on Wednesday revised down its sales growth target for the next five years and unveiled a cost-cutting programme to rake in $1.0 billion in savings.
Warren Buffett says Berkshire Hathaway still shopping abroad
Berkshire earlier this year agreed to acquire a German motorcycle apparel and accessories retailer - a purchase that Buffett described as an advertisement to markets that he is shopping abroad.
Asian stocks catch a lift from Wall Street, Europe
MSCI`s broadest index of Asia-Pacific shares outside Japan was up 1.2 percent in early trade, after major Wall Street indexes all logged gains of more than 2 percent.
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