Chinese Finance Minister Lou Jiwei criticized Republican presidential front-runner Donald Trump, calling him “an irrational type” due to his proposal that tariffs on imported Chinese goods be increased to up to 45 percent. In an interview with the Wall Street Journal published on Sunday, Lou said, “Trump is an irrational ... Read More »

On a warm September morning in 2014, the 10-man board of Brazilian steelmaker Usiminas met on the ninth floor of a blue glass tower in Sao Paulo. In the room, the board members grappled over whether to fire the company’s chief executive and two vice presidents after an audit found ... Read More »

Embattled Indian tycoon Vijay Mallya’s UB Group has denied allegations that it used 4.3 billion rupees ($65 million) of bank loans to now-defunct Kingfisher Airlines to buy property overseas. Mallya, a liquor baron and lawmaker, has been at an unknown location since March 2 after Kingfisher’s creditors stepped up pressure ... Read More »

BHP Billiton  Chief Executive Andrew Mackenzie said on Monday that businesses could face a decade of damaging uncertainty if Britain voted to leave the European Union in a June 23 referendum. Mackenzie, boss of the world’s biggest mining company, said a vote for Brexit would inflict a serious blow on ... Read More »

A three-member panel investigating sexual harassment charges against S K Gangele, a sitting judge of theMadhya Pradesh High Court, has been reconstituted for the third time since it was set up last year by the Rajya Sabha Chairman. A latest Rajya Sabha bulletin said Supreme Court judge Justice R Banumathi ... Read More »

The European Union antitrust chief, who has already charged Google  with favoring its own shopping service in internet searches, said on Monday that she was now examining its deals with phone makers and operators. The comments by European Competition Commissioner Margrethe Vestager follow a year-long investigation into Android, the world’s ... Read More »

China’s leaders sound more confident that the world’s second-largest economy has arrested a slide in growth to quarter-century lows, but their policy advisers caution it is too early to call an end to a cycle of easing that began in 2014. Signs the economy is picking up give the central ... Read More »

The administrator for troubled Australian steel and iron ore group Arrium Ltd said it had agreed to work toward a “constructive” outcome with Morgan Stanley after the investment bank took legal steps to call in a three-year-old debt. Morgan Stanley filed action in the Delaware Chancery Court in the United ... Read More »

PepsiCo Inc’s  quarterly sales fell 2.9 percent, the sixth straight quarter of decline, hurt by a strong dollar and weak revenue in some markets including Latin America and Europe. The net income attributable to the company declined to $931 million, or 64 cents per share, in the first quarter ended ... Read More »

The European Union antitrust chief, who has already charged Google  with favoring its own shopping service in internet searches, said on Monday that she was now examining its deals with phone makers and operators. The comments by European Competition Commissioner Margrethe Vestager follow a year-long investigation into Android, the world’s ... Read More »

U.S. oil and gas major Chevron Corp has put its Myanmar gas block stakes worth an estimated $1.3 billion up for sale, banking sources familiar with the matter said, in what would mark the biggest M&A transaction involving the country’s assets. The sale is part of Chevron’s efforts to preserve ... Read More »

A dive in oil prices sent stock markets lower on Monday after producers meeting in Qatar failed to agree on a plan to curb global supply, quashing the more optimistic tone which prevailed for much of the past week. Japan’s Nikkei index led the way, tumbling more than 3 percent ... Read More »