Government

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China taps South Korea for ideas in Qualcomm antitrust case

Chinese antitrust officials have met with their South Korean counterparts to discuss violations by U.S. chipmakerQualcomm Inc (QCOM.O), sources said, as Beijing reaches out to regulators overseas to complete a case that could result in record fines at home.

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McDonald's restaurant

After Russia targets McDonald's, businesses wonder who's next

Russia said on Thursday it was investigating dozens of McDonald's (MCD.N) restaurants, in what many businessmen said was retaliation for Western sanctions over Ukraine they fear could spread to other symbols of Western capitalism.

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Argentine national flag

Argentina says proposed debt swap aims to protect investors

Argentina's plan for making payments on its sovereign bonds via a local bank aims to protect the vast majority of creditors who participated in two debt restructurings, Cabinet chief Jorge Capitanich said on Wednesday.

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European stocks

Shares, dollar sink as U.S. authorises air strikes in Iraq

World shares and the dollar tumbled on Friday and oil and gold jumped after U.S. President Barack Obama authorised targeted air strikes in Iraq, stoking fears of another drawn-out conflict in the region.

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Russian cyber security company Kaspersky Labs

Spy agencies hit in cyber espionage campaign: Kaspersky Lab

Security researchers at Kaspersky Lab said they have uncovered a cyber espionage operation that successfully penetrated two spy agencies and hundreds of government and military targets in Europe and the Middle East since the beginning of this year.

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The icon of a free communication app ''Line''

China tells South Korea it blocked KakaoTalk, Line to fight terrorism

Chinese authorities say they have blocked messaging apps KakaoTalk and Line as part of efforts to fight terrorism,South Korea said on Thursday, the first official explanation of service disruptions in China that began a month ago.

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Suez canal near Ismailia port city

Egypt plans to dig new Suez Canal costing $4 billion

Egypt plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia.

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Wall Street sign

Exclusive: Wall Street banks take heart from leveraged loan exams

Wall Street banks have found a U.S. review of their junk-rated loans to have yielded similar results to last year, easing some concern among bankers about a crackdown on one of their most lucrative businesses.

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Roberto Azevedo

WTO failure points to fragmented future for global trade

India has dealt a potentially fatal blow to the World Trade Organization's hopes of modernizing the rules of global commerce and remaining the central forum for multilateral trade deals.

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Argentina's Economy Minister Axel Kicillof (L) talks to Cabinet Chief Jorge Capitanich

Argentina holds no positive expectations for Friday's debt hearing

Argentina's Cabinet chief Jorge Capitanich said on Friday the government held no positive expectations for a court hearing in New York later in the day that will discuss the South American country's debt default.

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Buenos Aires

Argentina defaults but investors see eventual deal possible

Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

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The World Trade Organization logo

U.S. says hopeful of WTO deal with India only hours before deadline

The United States said on Thursday it was hopeful that differences between India and much of the rest of the world over a major trade agreement could be resolved in time, with only hours remaining before the deal has to be signed.

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Cristina Fernandez

Time almost up for Argentina to avoid debt default

Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with "holdout" investors suing it or win more time from a U.S. court to reach a settlement.

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Federico Thea

Argentine default looms as time runs out for debt deal

Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with "holdout" investors seemingly go nowhere and neither side shows signs of blinking first, though a last minute deal can't be discounted.

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New York Stock Exchange

IRA contributions: the perils of procrastination

Individual Retirement Account contributions are getting larger - an encouraging sign of a recovering economy and improved habits among retirement savers.

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