China market meddling risks denting Beijing's international ambitions

China's response to wild swings in its stock markets risks an embarrassing setback to the country's push to internationalize its financial system, according to investors.

JetBlue launches New York-to-Havana charter flights

JetBlue Airways Corp said it began direct charter flights between New York and Havana on Friday, the first major U.S. carrier to fly the route following U.S. President Barack Obama's decision in December to normalize relations with the Communist-ruled island.

China curbs IPOs, enlists brokers in all-out bid to end market rout

China froze share offers and set up a market-stabilization fund on Saturday, the Wall Street Journal said, as Beijing intensified efforts to pull stock markets out of a nose-dive that is threatening the world's second-largest economy.

Rubbing along with robots tackles Abe's double dilemma

Factory worker Satomi Iwata has new co-workers, a troupe of humanoid automata that are helping to address two of Japan's most pressing concerns - a shortage of labor and a need for growth.

China brokerages pledge to buy $19.3 billion in shares to steady plunging market

China's top securities brokerages said on Saturday that they would collectively buy at least 120 billion yuan ($19.3 billion of shares in a bid to stabilize the country's stock markets after a slump of nearly 30 percent since mid-June.

Oil slides in thin trade on rising U.S. rig count

Oil prices dropped on Friday as a rising U.S. rig count stoked more concerns about global oversupply while an investigation by Chinese regulators into suspected stock market manipulation further unsettled the market.

Business activity in India contracts again in June on weak demand

India's dominant services industry contracted for a second month in June as new business again declined, suggesting Asia's third-largest economy is struggling to maintain growth, a survey showed on Friday.

Cuba, an Internet laggard, opens Wi-Fi hotspots across country

Cuba has opened 35 Wi-Fi access points nationwide, offering unprecedented online access in a country that until now has restricted use of the Internet to an elite few.

Airbus signs deal for China cabin-completion plant

Airbus (AIR.PA) signed an agreement on Thursday to set up its second plant on Chinese soil in a deal that the European planemaker hopes will lead to lucrative new plane orders.

Health insurer Centene adds muscle with $6.3 billion Health Net deal

U.S. health insurer Centene Corp will buy smaller rival Health Net Inc for $6.3 billion, underscoring the healthcare industry's rush to bulk up to negotiate better prices with suppliers and hospitals, and attract new customers.

Heinz completes Kraft purchase, Buffett joins board

H.J. Heinz Co on Thursday completed its purchase of Kraft Foods Group Inc, creating the third largest food and beverage company in North America and fifth largest worldwide.

Wall St. edged down on Greece worries, tepid U.S. data

U.S. stocks closed down slightly on Thursday after the International Monetary Fund warned Greece ahead of its Sunday referendum that it faces a huge financial hole, and mixed jobs data dampened the U.S. economic outlook.

Swedish crown slips on rate cut, dollar hits three-week high

The Swedish crown sank 1 percent on Thursday after Sweden's central bank surprised markets by cutting interest rates deeper into negative territory and saying it would pump more money into the economy, citing risks from Greece.

PayPal to buy digital money transfer provider Xoom

PayPal Inc said it would buy digital money transfer provider Xoom Corp (XOOM.O) for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc (EBAY.O).

Chinese stocks tumble again, ignoring Beijing's blandishments

China stocks fell sharply again on Thursday, fighting off fresh moves by regulators to restore confidence and raising questions about how much more firepower Beijing can bring to bear before a full-scale panic sets in.

Dollar firms before payrolls, Greece unease simmers

The dollar was near a three-week high on Thursday and world stock markets had a delicate feel, as the implication of U.S. jobs data later for a possible Fed rate hike added to Europe's uncertainty over Greece.

U.S. hiring seen solid in June, keeping September rate hike in play

U.S. job growth likely cooled a bit in June after reaching a five-month high, but still-healthy hiring would suggest the labor market is strong enough to support a September interest rate increase by the Federal Reserve.

Markets on edge as Greece heads for default

Euro zone stocks and low-rated bonds recovered the worst of their losses on Tuesday but remained on edge as Greece looked set to default on a debt repayment to the IMF and plunge deeper into financial crisis.

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