Google Paid Apple $1B In 2014 To Be Default Search Engine For iPhones
The search engine giant reportedly has a revenue-sharing agreement with Apple, according to a transcript of court proceedings from Oracle’s copyright lawsuit against Google.
Chinese Stocks Lag Behind Other Asian Markets Capitalizing On Crude Oil Rally
Investors got some breathing space Friday after crude oil futures rallied overnight.
Iran Eyes $50B In Foreign Investments To Fuel Economy Post Removal Of Sanctions
After the removal of sanctions, Iran’s $400 billion economy has attracted initial interest from some Western investment firms looking to benefit from its massive oil reserves.
Asian Markets Edge Sharply Down As European Stocks Gain Steam
China’s stock markets saw the biggest losses among Asian markets, a day after the U.S. S&P 500 index sank to its lowest level since February 2014.
Barclays Closes Some Asia Operations, Cuts 1,000 Jobs: Reports
Major U.S. and European banks are looking for ways to improve margins amid falling revenues and tough market conditions.
Japan Rules Out Negative Interest Rates Ahead Of Rate Review, Yen Strengthens
Bank of Japan Governor Haruhiko Kuroda’s comments Thursday come amid speculation that the BOJ may expand stimulus as early as its rate review next week.
Crude Oil Rally Runs Out Of Steam, Drags Asian Markets
In sync with crude oil prices, Asian markets recovered briefly Thursday morning before falling as oil prices slid again.
Global Stocks Tumble On Falling Oil Prices, Outlook
Asian stock markets fell sharply, followed by their European counterparts and U.S. stock futures.
Shell Profit Warning Shows Depth Of Crude Oil Rout; Company Extends Job Cuts, Writeoffs
Shell, which is under pressure from investors to justify its $50 billion takeover of BG Group, has been hit by plummeting crude oil prices.
Japan Stock Markets Slip Into Bear Territory, Asian Markets Follow
Japan’s national indexes, Nikkei 225 and Topix, have shed more than 20 percent since their peak last year.
Morgan Stanley To Move Jobs To Cheaper Cities Like Mumbai, Budapest
The bank also posted better-than-expected quarterly profit Tuesday, helped by deep cuts in salaries and other cost cuts over the past year.
Renault To Recall 15K Vehicles For Emissions Tweak: France Energy Minister
French authorities widened their probe after the Volkswagen scandal broke, and discovered discrepancies in emission results last week.
Shanghai Composite Leads Global Stock Rally While Oil Regains Some Ground
Stocks around the world gained Monday on the expectation of further stimulus from China as the world’s second-largest economy posted its slowest growth in a quarter century.
Iran To Get $32B Of Unfrozen Assets After Lifting Of Sanctions: Central Bank
The value and release of Tehran’s frozen funds has become a political hot topic, with estimates ranging from $26 billion to over $100 billion.
Hungary’s Taxi Drivers Demand Uber Be Shut down
More than 100 taxis blocked traffic in downtown Budapest Monday as drivers demanded a ban on Uber and other ride-hailing apps.
Pakistan YouTube Ban Lifted After Deal To Start Localized Version Of Video Platform
Access to the site was restored Monday after Google executives arrived at an arrangement with Pakistani officials.
President Hollande Says France In State Of ‘Economic Emergency’
Unemployment is the “only issue which ranks above security for the French people,” the French president said Monday.
New York Reaches Agreement To Reduce Number Of Horse Carriages In Central Park
The deal is a far cry from Mayor Bill de Blasio’s promise to end the popular carriage rides on “Day One” of his term.
China’s Dalian Wanda Plans 5 ‘Substantial’ Acquisitions This Year, Projects Real Estate Slump
China's largest real estate company, owned by the country's richest man Wang Jianlin, also said it is planning an initial public offering for its internet finance business.
India’s Trade Deficit Widens In December, Exports Fall For 13th Straight Month
Exports from Asia's third-largest economy fell for the 13th consecutive month as orders from the U.S. and Europe dried up.
Oil Prices Retreat To $28 In Early Asian Trade As Iran Shakes Off Sanctions
Crude oil prices dived to $28 — the lowest in a dozen years — as investors anticipate a tide of new oil supply from Iran in the coming months.
Spain’s Voters Oppose Fresh Round Of Elections, Want Coalition Government: Survey
A majority of Spain’s voters said they don't want another election to resolve December's political stalemate, according to a survey.
Saudi Stocks Plunge On Fresh Oil Worries After Lifting Of Iran Sanctions; Egypt Follows
On Saudi Arabia's headline index, 167 stocks fell as investors feared the easing of Iranian sanctions raised the prospect of a surge in oil supplies.
Chinese Media Urges Taiwan To Abandon Independence ‘Hallucination’ After Opposition Leader Tsai Ing-Wen’s Victory
China's state-controlled media warned the island not to start another round of instability with Beijing, which claims Taiwan as part of its territory.
India’s Narendra Modi Announces $1.5B Fund, Tax Breaks For Startups
Indian Prime Minister Narendra Modi announced plans to ease regulations for entrepreneurs to encourage startups in Asia's third-largest economy.
China’s GDP Grew By Around 7% In 2015: Premier Li Keqiang
Premier Li Keqiang was speaking at the opening ceremony of the China-backed Asian Infrastructure Investment Bank in Beijing.
Honda, GM Plan Joint Fuel Cell Plant
The automakers have jointly developed fuel cell systems and hydrogen tanks for fuel-cell-run vehicles since 2013.
Burkina Faso Siege Ends: 126 Hostages Rescued From Hotel Rigged With Explosives
Amnesty International labels the attack on a hotel by al Qaeda in the Islamic Maghreb “horrific”: The terrorists fired as hostages lay prostrate, witnesses say.
Telefonica Eyes AT&T's $10B Assets In Latin America: Report
AT&T bought the television assets in Latin America as part of its acquisition of DirecTV last year.
Europe's Refugee Crisis: Juncker Warns Against Collapse Of Schengen Free-Travel Zone
European Commission President Jean-Claude Juncker lauded the Schengen Agreement as one of the bloc's biggest achievements.