LONDON, Nov 25 - European companies are in for a tough time next year. The euro zone debt crisis is sparking caution on all fronts, as consumers keep their cash in their pockets, corporate treasurers take a knife to investment plans and investors desperately seek a haven for their wealth.
A Russian businessman and his Lithuanian partner were arrested on Thursday in connection with a money laundering investigation that has affected Lithuania and Latvia.
The Ontario Teachers' Pension Plan has shelved plans to sell its 80 percent stake in Maple Leaf Sports and Entertainment Ltd, which owns Toronto's National Hockey League and National Basketball Association teams.
With a minimal 2 per cent increase in established businesses and a persistent rate of opportunity-driven ventures, the entrepreneurial scenario of the United States was still healthier than rest of the world in 2010.
Foes of the biggest mining investment in Peruvian history accused President Ollanta Humala on Thursday of abandoning his leftist roots to support Newmont's proposed $4.8 billion Conga gold mine.
The British ex-CEO of Japan's Olympus Corp emerged from a frosty meeting of directors on Friday convinced its board would eventually quit over an accounting scandal engulfing the firm, but he said he wasn't begging to return and clean up the mess.
Zimbabwe's economy is likely to continue its strong recovery next year from a decade of decline to expand by 9.4 percent, Finance Minister Tendai Biti said on Thursday, but a hike in mining royalties could impede growth.
Gold prices fell Friday in what appeared to be their second straight weekly retreat in the face of a Eurozone crisis, which after two years has yet to be contained, let alone solved, and now threatens Europe's financial liquidity.
The Canadian government has the right to fine U.S. Steel (X.N: Quote) for breaking job-protection promises made when it bought Canadian steelmaker Stelco, the Supreme Court of Canada ruled on Thursday.
Toronto's main stock index hit a seven-week low on Thursday morning, as materials and financial issues retreated in response to euro zone debt fears, sparked by rising German government bond yields.
The market is expecting that China would loosen its monetary policy in the coming months, and many believe a selective easing has already begun, and that more serious easing will come soon.
A U.S. court has awarded $920.3 million in damages to Wilmington, Delaware-based chemical giant DuPont (NYSE:DD) after ruling that South Korea's Kolon Industries Inc. had violated trade secrets relating to DuPont's Kevlar fiber, Reuters reported Nov. 23.
U.S. consumer spending growth slowed in October and business capital investment plans were weak, raising questions about expectations for solid economic performance in the fourth quarter.
As the Occupy Wall Street movement moves into a new phase following the Nov. 17 international Day of Action, a host of new groups and old voices are cropping up to protest the protesters.
Peru's government urged opponents of Newmont Mining's proposed $4.8 billion Conga gold mine project to refrain from violence during a protest on Thursday as President Ollanta Humala scrambles to solve the bitter dispute.
Microsoft, the world’s biggest software company, may be preparing for a renewed bid for troubled search engine Yahoo. Microsoft’s $44.6 billion bid for Yahoo was rejected in 2008.
Chinese group Minmetals Resources has extended its $1.3 billion takeover offer for Africa-focused Anvil Mining to December 9, to allow more time to resolve a dispute over contracts with Congo which threatens to scupper the whole deal.
Mozambique has no plans to impose local ownership requirements on its mining industry and it will not seek overly high government stakes in mining ventures that could deter investors, its national director of mines said.
Nigerian President Goodluck Jonathan has sacked the head of the Economic and Financial Crimes Commission (EFCC), a spokesman said on Wednesday, giving no reason.
Julius Genachowski's decision to call the hearing could spell trouble for the $39 billion transaction.
Former Olympus Corp CEO turned whistle-blower Michael Woodford touched down back in Tokyo on Wednesday for a meeting with investigators probing one of Japan's biggest accounting scandals and a showdown with the board that threw him out.
Renewable energy technology is becoming increasingly cost competitive and growth rates are in line to meet levels required of a sustainable energy future, the International Energy Agency (IEA) said in a report on Wednesday.
