BUSINESS

Even a short default will raise local companies' borrowing costs.

Shell posted a profit of $5.1 billion in the second quarter of 2014 -- more than twice what it made in the second quarter of 2013.

Last year, the EU imported nearly 46 percent of its gas and 31 percent of its coal from Russia, against which it has now imposed new sanctions.

Yum Brands, which owns the KFC and Pizza Hut chains, is also dealing with the impact of a December 2012 report about unsuitable meat.

Tourism in the Asia Pacific region grew at over 6 percent in the first four months of 2014 -- higher than the global average of 5 percent.

India's ultimatum has revived doubts about the future of the WTO as a negotiating body.

The outlet where the teenagers were sitting had reportedly been the scene of constant fighting over the years.

Xbox One will offer more than 70 different games, as well as movies, sports, documentaries, TV shows and locally-developed applications.

Following the largest acquisition in its history, Apple is now planning to cut about 200 jobs in areas of overlap.

Russia announced a ban on most fruit and vegetable imports from Poland and said it could extend it to the entire European Union.

China should set an economic growth target of 6.5-7 percent for 2015, below its goal for 2014, and refrain from stimulus measures unless activity threatens to slow sharply from that level, the International Monetary Fund said on Thursday.

Europe's broader strategy for reducing EU dependence on Russian natural gas would provide medium-term fixes, not an immediate backup plan.

Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday.

Verizon Wireless has caught the eye of FCC chairman Tom Wheeler, who questioned the mobile company over its data throttling practices.

Same-store sales came in lower than forecast by analysts, and Whole Foods announced a major initiative that could help boost growth.

Google-backed genetic testing startup 23andMe has received a $1.4 million grant from the National Institutes of Health.

Performance cars can be graceful, elegant, composed. Subtle. The 2014 Ford Fiesta ST is not subtle.

Three years ago, the automotive market's contribution to the U.S. economy was contracting. Not any more.

Indonesia’s democratic progress is laudable, but the economic challenge remains.

Malaysia Airlines is in serious financial and image trouble. After the losses of MH17 and MH370, a rebranding may be the way to go.

OSI, the American company at the center of a food safety scandal in China, has a history of alleged labor violations in the U.S.

Mayor Bill de Blasio's office thinks the new law will apply to 200,000 working New Yorkers who previously had to choose between health and pay.

The major bank was convicted of defrauding Fannie Mae and Freddie Mac before the mortgage collapse.

Infosys CEO-in-waiting sees great oppotunity in building innovative software

Liberia announced on Wednesday the closure of all schools across the country and the quarantine of a number of communities in a bid to halt the worst Ebola outbreak on record spreading across West Africa.

The U.S. economy grew a better-than-expected 4 percent in Q2, but for the working man and woman, the payoff is still some ways off.

In a letter obtained by IBTimes, Rhode Island Treasurer Gina Raimondo justifies pension investment secrecy to protect hedge fund managers.

Three manufacturers helped drive a 'surge' in electric car sales in Europe for 2013, a new analysis of official data found.

South Korean automaker Hyundai says 880,000 Sonata sedans in the U.S. won’t shift into the ‘park’ position.