Mitsubishi Motors is closing down its US operations following high production costs and low volumes. The Japanese automobile major was hit by strong US dollar that makes imports attractive.

Sep 21, 2015 02:02 AM EDT

US tech giant Google recently reported how much value it adds to the UK economy, which the search engine does to most nations where it operates in. It reports that it helped created 210,000 jobs, and an additional £11 billion to £28 billion revenue for business in the UK.

Sep 21, 2015 01:56 AM EDT

Asian markets advanced Friday, buoyed by the US Federal Reserve's decision to keep interest rates near zero. But Japanese shares fell as the yen strengthened.

Sep 20, 2015 11:57 PM EDT

White House is laying out new rules to lessen the pressure on Cuba embargo. Businesses such as telecommunication and banking will be allowed to establish through joint ventures with Cuban firms like Etesca.

Sep 20, 2015 11:35 PM EDT

American Airlines had grounded its flights Thursday afternoon. This is due to the airline's computer glitch. Flights had been resumed after two hours.

Sep 20, 2015 10:48 PM EDT

Cuba is marshaling United Nations support against the US embargo that it says crippled its economy over five decades. Among the Communist state's supporters are President Obama and Pope Francis, who is visiting the Communist state this week.

Sep 20, 2015 11:16 PM EDT

Oil prices on Friday eased further following the renewed fears about the global economy. The US central bank warned that global economy is weakening. China's economy is slowing down and growth rate is expected to be below 7% this year. Adding to this, Opec is firm on maintaining its production level. All these factors are increasing pressure on oil prices.

Sep 20, 2015 10:33 PM EDT

The global markets witnessed major crash in August following the China's economy slow down, Yuan devaluation, discouraging manufacturing numbers, etc, Now, the markets are recovering. But, economists, fund managers caution that the party is not over. China may slip in recession in next quarter or six quarters later.

Sep 20, 2015 10:05 PM EDT

Caribbean islan Puerto Rico has decided to implement VAT system from 1 April 2016 onwards exempting its manufacturing industry from paying taxes on imports of raw materials. The new tax system has been designed with an aim of facilitating the much controversial $1.5-bn stimulus plan for reviving the ailing economy. The Islan has also increased sales tax.

Sep 21, 2015 11:11 PM EDT

The current Asia Pacific Wealth Report 2015 showed Asia Pacific has a larger number of high net worth individuals compared to North America.

Sep 18, 2015 06:59 PM EDT

International creditors hope for a united grand coalition in the Greek government, especially between the Syriza and the New Democracy party, who are going neck to neck in the upcoming September 20 elections.

Sep 18, 2015 03:19 AM EDT

Being faced with several odds in Russia, Deutsche Bank has decided to withdraw some of its services from Russia. The alleged share trading by Russian unit of Deutsche Bank has become subject to investigation in the US. The German bank may stop 90 percent of its banking services in Russia soon.

Sep 18, 2015 02:57 AM EDT