GT Advanced Technologies Inc (GTAT.O) said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc (AAPL.O), and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy.
Legal & Regulatory
South Korea, China agree to extend swap facility to 2017
South Korea and China agreed to extend an existing swap agreement worth 64 trillion Korean won or 360 billion yuan by three more years, the Bank of Korea said in a statement on Saturday.
South Africa signs nuclear agreement with France
South Africa has signed a nuclear power agreement with France, the government said on Friday, three weeks after it reached a similar deal with Russia as part of Pretoria's first tentative steps towards building up to 9,600 MW of nuclear power.
Fed officials say global slowdown could push back U.S. rate hike
Federal Reserve officials on Saturday took stock of a slowdown in the global economy and said it could delay an increase in U.S. interest rates if serious enough.
Ireland likely to phase out 'Double Irish' tax regime: sources
Ireland is set to announce legal changes next week to phase out the "Double Irish" tax arrangement that has let firms such as Google (GOOGL.O) save billions of dollars, two sources familiar with the matter said.
Latest News
U.S. investors in Canada's medical marijuana industry are betting they won't fall under the scrutiny of U.S. law enforcement officers - but it's a risky bet.
China, the world's top coal importer, will levy import tariffs on the commodity after nearly a decade, in its latest bid to prop up ailing domestic miners who have been buffeted by rising costs and tumbling prices.
Plunging sugar prices have forced at least one Indian sugar mill to default on bank loans and could drive others to do the same, the latest sign of the heavy toll a four-year-old supply glut in the country is taking on producers of the sweetener.
Former Lehman Brothers Holdings Chief Executive Officer Richard Fuld Jr. and OpenMatch Holdings are involved in a deal to buy the Jersey City-based National Stock Exchange (NSX), the Wall Street Journal reported, citing people familiar with the matter.
More than 1,000 employees went on strike at a China factory owned by Hon Hai Precision Industry Co Ltd (2317.TW), the world's biggest electronics contract manufacturer, demanding higher wages and better benefits, a labor watchdog said on Thursday.
Most major world economies are continuing to show stable growth momentum, but within the euro zone Germany and Italy are losing steam, the OECD said on Wednesday.
The U.S. budget deficit fell by nearly a third during fiscal 2014 to $486 billion as federal revenues grew far faster than spending, the Congressional Budget Office said on Wednesday.
Federal Reserve officials want to tie an interest-rate rise to U.S. economic progress, but the minutes of their last policy meeting show they are struggling with how to come to grips with the dual threats of a stronger dollar and a global slowdown.
Twitter Inc (TWTR.N) sued the U.S. Department of Justice on Tuesday, intensifying its battle with federal agencies as the Internet industry's self-described champion of free speech seeks the right to reveal the extent of U.S. government surveillance.
