Business  July 07, 2015
China stocks sink again despite government efforts
Chinese shares sank further on July 7, 2015, defying government efforts to arrest a precipitous fall that has wiped an estimated $3.2 trillion off marketsChinese shares took anothertumble Tuesday, defying government efforts to arrest a precipitous fall that has wiped an estimated $3.2 trillion off markets and threatens the world's number-two economy.The government over the weekend announced a halt to initial public offerings (IPOs) and moves to pour funds into the market to end three weeks of plungi...  Full Story
Samsung Electronics Q2 profit drop misses estimates
People walk past a Samsung store in Beijing on May 8, 2015Samsung Electronics on Tuesday flagged a second-quarter drop in operating profit that missed analyst estimates after sales of its newest flagship smartphone failed to meet expectations.The earnings forecast came as a South Korean court ruled in Samsung's favour against a US hedge fund's efforts to block the proposed merger of two major affiliatesTh...  Full Story
Japan, Sydney stocks recover but Shanghai sell-off resumes
The Greek government has extended an eight-day bank closure until Thursday on fears cash machines will run dryJapanese and Australian stocks bounced Tuesday from the previous day's Greece-fuelled sell-off, but Shanghai and Hong Kong sank again as analysts warned Chinese measures to staunch a recent mainland rout will likely not be enough.The euro eased slightly but managed to hold its own after Greece's weekend vote against creditors' austerity proposals, ...  Full Story
Australia's central bank holds interest rate at 2.0%
AustraliaAustralia's central bank Tuesday kept interest rates on hold at 2.0 percent for the second-straight month, saying accommodative monetary policy was needed with economic growth subdued.The Reserve Bank of Australia has slashed rates by 250 basis points since November 2011 to support the resources-dependent economy as it experiences a sharp fall in m...  Full Story
Japan reactor refuelled for restart, despite opposition
Kyushu Electric PowerAtomic fuel was being loaded into a reactor in southern Japan on Tuesday as its operator prepared to restart operations despite widespread public opposition to the technology. The reactor is expected to become the first one to go back on line after two years of complete hiatus in Japan following the tsunami-sparked disaster at Fukushima.Kyushu Elec...  Full Story
IMF caught in delicate position between Greece and EU
Hated in Athens and brushed off by the Europeans, the International Monetary Fund approaches the next round of negotiations with Greece in a delicate positionHated in Athens and brushed off by the Europeans, the International Monetary Fund approaches the next round of negotiations with Greece in a delicate position.The global crisis bank is anxious to craft a compromise, but also under pressure to recover the billions it has lent to the country.In a sign of its caution, the IMF waited nearly 24 hours to...  Full Story
Latin America, Europe cab drivers team up against Uber
Uber suspended its UberPOP service in France on July 3, 2015, six months after it was bannedTaxi driver associations from Latin America and Europe teamed up in their campaigns against Uber and Cabify, following sometimes violent protests over the ride-booking apps.Daniel Medina, of the Organized Taxi Drivers of Mexico City, announced an "international front against the illegal operations of these global companies such as Uber that put the...  Full Story
Plan to increase Sunday shopping hours in Britain
The British government announced plans on Tuesday to allow shops to open longer on Sundays to compete with online shopping and global tourist destinations like Paris and New YorkThe British government announced plans on Tuesday to allow shops to open longer on Sundays to compete with online shopping and global tourist destinations like Paris and New York.Finance Minister George Osborne said he wanted to give mayors and local authorities the power to decide Sunday shopping hours in his budget, which will be unveiled on Wedn...  Full Story
More
Translate!