BUSINESS

"In view of the volatility of politics in Greece, investors will not be comfortable with committing new equity capital to banks that are effectively nationalized," billionaire investor Wilbur Ross says.

The bill says the bank-rescue fund called the Hellenic Financial Stability Fund (HFSF) would have full voting rights on any shares it acquires from banks in exchange for providing state aid.

"This incident was driven by criminals using email addresses and passwords acquired from an unknown source external to Vodafone," a company representative says.

However, Li Keqiang also says China must improve its approach toward macroeconomic control, while aiming to deliver "quality" growth, according to the official Xinhua News Agency.

The remains of the 224 people aboard the Russian airliner that crashed in Egypt Saturday are reportedly being taken to a morgue in Cairo.

Although the banks are currently being kept afloat by access to money through the eurozone monetary system, there is a rush to get recapitalization completed.

The Federal Reserve is looking to reduce risk in the banking system by determining how much debt and equity the banks should use to fund themselves.

With a population of nearly 80 million, Iran is the Middle East's second biggest market for beauty products after Saudi Arabia.

Banks favor using chip cards verified by signatures, even though chip-and-PIN usage has led to lower fraud in Europe and elsewhere.

Food giant Mars Inc. wants its collaboration with IBM to take food safety testing into a new era.

The Taiwanese smartphone maker is struggling to find a new niche after being squeezed in the middle range of its market.

The prominent hedge fund manager launched a two-hour defense of Valeant Pharmaceuticals International Inc. as the company's shares continue to tank.

Hoping to placate government leaders in Beijing, U.S. film studios are increasingly willing to alter the political complexion of their movies, a report says.

Investors appeared to be ending the week cautiously, following subdued data from Europe and weak US consumer spending.

China's relaxation of its one-child policy is aimed at boosting the economy, but many citizens say having a second child is simply too costly.

Structural economic issues, along with the slowdown in China's economic growth, have taken a toll on Thailand.

With the slump in global oil prices, Chevron announced Friday it plans to cut thousands of jobs.

The world's largest brewer saw its third quarter net profit fall, but with the potential acquisition of SABMiller, shares rose in Europe.

The Canadian drug manufacturer is terminating its relationship with Philidor RX, a specialty pharmacy that has come under scrutiny.

The aviation defense business at the contractor's Missouri plant could be hit hard after rival Northrop Grumman won a long-range bomber contract.

However, the inflation rate of zero percent -- a sign of less than robust demand in the bloc -- is likely to put more pressure on the European Central Bank to provide more stimulus.

Stock markets around the world rallied in October as central banks sought to calm investors worried about a slowdown in China and other markets.

A new policy draft recommends subsidizing short-haul domestic flights by levying higher taxes on longer routes. The draft also suggests easing FDI rules in the sector.

Deals announced in 2015 in the pharmaceuticals sector are on track to outpace their record-breaking value from 2014.

Brushing aside China's slowdown, Asian stocks reported their strongest monthly performance in years in October.

The total spending in the U.S. during Halloween is expected to reach $6.9 billion, amid an increasingly competitive market.

China's upcoming five-year plan, which is to be approved next March, seeks to create a moderately well-off society by 2020, despite economic challenges.

The company, also known as "China's Google," announced a second share buyback this year as U.S.-listed Chinese stocks aggressively buy back shares in hope of fairer valuations and "go private" proposals.

The deal, which was described by Sen. Rand Paul as "the worst of Washington culture," will help avert a government shutdown and debt defaults.