Greece recalled its ambassador from Austria, following Austria's decision to close its border for migrant. While majority of people are not satisfied with government's way in handling economic crisis.

Feb 29, 2016 09:35 AM EST

Earlier this month, Chinese state-owned company ChemChina reached an acquisition deal of $43 billion with Swiss company Syngenta. After clearing regulation requirements in China, ChemChina is now seeking out loans of more than $35 billion from bankers to fund the purchase.

Feb 29, 2016 09:34 AM EST

The Japan Finance Ministry is organizing a seminar for women covering the topics on the country’s fiscal policy. Women’s fashion magazine editor-in-chief Hiromi Sogo will serve as one of the six female speakers encouraging women to take a more active role in the country’s economy.

Feb 29, 2016 09:32 AM EST

SpaceX aborts its third attempt to launch its Falcon 9 rocket, which is designed to land its booster on a platform, making spaceflight more affordable. The abrupt scrub, just seconds before the liftoff, was due to an unexpected delay that caused the fuel to fail.

Feb 29, 2016 09:30 AM EST

Following CDC announement of the risk of carcinogen in its product, the company's stock plunged since last week. Lumber Liquidators is trying hard to win back trust from customers and investors.

Feb 29, 2016 09:28 AM EST

The US economy recorded better than expected performance during the fourth quarter enabling it to conclude 2015 on positive mode. Surpassing the forecast of 0.7 percent, the US economy grew one percent during September-October quarter in 2015 giving much leverage to the US government to tighten monetary policy.

Feb 29, 2016 09:27 AM EST

Britain's exit from the European Union will have a negative impact on the economy of the country, according to officials. The UK prime minister pledges to negotiate a better agreement for the nation in the union.

Feb 29, 2016 09:25 AM EST

China has been widely criticized for strict cyber laws. On Sunday, the communist government has mulled its legislative power to impose ban on accounts of former Chinese tycoon, Ren Zhiqiang. While around 40 Chinese journalists have been confined in jail as victims of tougher cyber laws, the communist government is going to enact further tougher laws on March 10.

Feb 29, 2016 09:24 AM EST

Telstra is backing up external venture capital funds to seek investments in Asia. The company is focusing more on technology investment in Asia as it experiences a drop in the viability of internet services and phone calls.

Feb 29, 2016 09:22 AM EST

Year 2015 was dubbed as year of fintech. As financial technology startup companies flourish and gain huge fund. Global regulators are closely monitoring the fintech startups and will propose rules to regulate them.

Feb 29, 2016 09:21 AM EST

The technology start-ups in India are looking for investments from Chinese companies like Cheetah Mobile. The booming Indian technology sector is attracting many tech companies in China to invest in these Indian techs start-up firms.

Feb 29, 2016 09:19 AM EST

GE have been trying attract tech workers since last year. In its new Oscars ad, GE mock the startups and proclaim itself as a tech company and an industrial company.

Feb 29, 2016 09:18 AM EST

Gap Inc. has announced its fourth quarter earnings on Thursday. The clothing retailer has represented a comparative feature with its year ago performances. It has also predicted for weaker earnings during the current year.

Feb 28, 2016 05:51 AM EST

Next week, Eskom will be paid the remaining balance from the bailout. Eskom CE Brian Molefe expressed frustration to learn that Finance Minister Pravin Gordhan announced that the funds will be withheld. Treasury informed that the fund will be transferred and is already being processed.

Feb 28, 2016 05:49 AM EST

The Kraft Heinz Company on Thursday reported its fourth-quarter earnings that outstripped analysts' estimate. The company also declared a quarterly dividend of $0.575 per common share.

Feb 28, 2016 05:47 AM EST