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HuaweiFacebook Inc on Friday unveiled plans for a massive new campus annex in Menlo Park to be designed by Frank Gehry, the renowned architect who has won plaudits for metal-sheathed works like the Guggenheim Museum in Bilbao, Spain, and the Walt Disney Concert Hall in Los Angeles.
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US prosecutors are looking into whether British bank HSBC was involved in laundering money for Mexican drug cartels and moving cash for Saudi Arabian banks with ties to terrorists.
Confidence-building moves by India and Pakistan have received a major boost as the central banks of the two neighbours cleared the way to set up bank branches across the border, media reports said on Wednesday.
The eurozone now looks destined for its second recession in three years, according to business surveys that showed the economic rot is even spreading through Germany, the region’s largest and strongest economy.
Qatar has paid Egypt $500 million, the Egyptian finance minister announced on Thursday, in the first instalment of $2 billion of financial support it had promised to Cairo.
Greece’s prime minister has warned those politicians in Europe who are happy to see the country leave the euro that such an event could trigger a domino effect throughout the 17-nation bloc using the euro currency.
beijing/shanghai — China’s manufacturing sector contracted at its sharpest pace in nine months in August, according to a survey showing falling export orders and rising inventories, a signal that more policy stimulus may be needed to engineer a second half pick-up in growth.
NEW DELHI — Foreign direct investment in India slid by 78 percent in June, official figures showed on Friday, amid mounting worries about corruption, bureaucratic delays and lack of economic reforms.
LONDON - Gold prices eased on Friday as waning appetite for higher-risk assets and a firmer dollar prompted investors to cash in gains after a seven-session rally to 4-1/2 month highs, though they stayed on track for their biggest weekly rise since early June.
MUMBAI — India’s Reliance Power announced on Friday it had signed a deal with China Datang Corp to develop and operate power and energy projects in the energy-hungry South Asian nation and abroad.
