The Indian government has cleared long-delayed projects worth over US$13.1 billion to modernise the nation's ageing military hardware and boost its domestic defence industry.
About 25 eurozone banks, or nearly one in five of 130 banks surveyed, have failed a stress test by the European Central Bank, reports said on Saturday (Oct 25).
Fashion duo Domenico Dolce and Stefano Gabbana were accused of having transferred control of their brands to a shell company in Luxembourg in 2004 and 2005 to avoid paying Italian taxes.
Momentum is building towards a pan-Pacific trade agreement, representatives of Australia and the United States said on Saturday (Oct 25) as talks between trade ministers began in Sydney.
The IMF said that from Monday it would maintain a floor rate of 0.05 per cent, or five basis points, on its special drawing rights or SDR currency, which represents a basket of the currencies of its largest members
After posting widening losses, Amazon took a pounding on Wall Street on Friday (Oct 24), raising doubts on whether investors will support chief executive Jeff Bezos' strategy of putting investment ahead of profit.
NEW YORK: The dollar weakened against other major currencies on Friday (Oct 24) in cautious trade ahead of next week's Federal Reserve monetary policy meeting.
The Dow Jones Industrial Average gained 127.51 points (0.76 per cent) to 16,805.41. The broad-based S&P 500 advanced 13.76 points (0.71 per cent) to 1,964.58, while the tech-rich Nasdaq Composite Index rose 30.92 points (0.69 per cent) to 4,483.72.
US benchmark West Texas Intermediate for delivery in December fell US$1.08 to US$81.01 a barrel on the New York Mercantile Exchange. Brent North Sea crude for December shed 70 cents, settling at US$86.13 a barrel in London trade.
US new home sales rose 0.2 per cent to an annual rate of 467,000, the highest level in more than six years, according to official data released on Friday (Oct 24).