Aditya Kondalamahanty

About 69 percent of the 25,901 Chinese private funds registered as of March end were reportedly zombie companies that did not offer any investment products.

Industrial output continued to shrink in March as a slowing global economy and a robust dollar dented the market for U.S. manufactured goods.

Japanese officials said at least one analyst at the Swiss bank had passed sensitive information about an unidentified company’s earnings to a sales rep at the bank.

The U.S. dollar consolidated its weekly gains, and investors awaited a meeting between oil-producing nations to be held in Doha, Qatar, on Sunday.

Labor unions and student groups clashed with riot police in Paris shortly after President François Hollande’s comments on work reforms.

The Department of Justice charged Szuhsiung Ho, a Chinese-born naturalized U.S. citizen, of acting as an agent of a foreign government.

The company has already started trimming its operations, and is increasingly rejecting bankers’ spending on travel, hotels and entertainment, Bloomberg reported.

The world’s largest contract maker of microchips also reported an 18 percent slump in first quarter profits Thursday.

Along with its efforts to cut costs, the state-backed bank also said it was closing branches as more people bank online.

Asian stocks surged Thursday while European stock markets opened lower as investors tracked a dip in crude oil prices.

Until now, 11 people have been killed around the world, 10 of whom were in the U.S., in incidents linked to defective Takata air bag inflators.

The unexpected move by the central bank of the trade-dependent economy triggered the worst fall in its currency in recent months.

China has rattled nerves in the South China Sea with its controversial reclamation work in waters that are also claimed by other countries.

According to analysts, the bump in profitability would come as the South Korean tech major increased sales of its premium products.

European stocks and U.S. stock futures pointed up Monday even as Asian markets showed mixed results and crude oil prices dipped again.

The Panama Papers leak suggested clients of Mossack Fonseca used New Zealand's lax laws to create nontaxed foreign trusts in the South Pacific nation.

"Persistent misbehavior” by British banks cost them about 1 pound in every 4 pounds of pretax profits earned over the past 15 years, a study showed.

Italian banking stocks have slumped 40 percent this year as investors fear rising bad loans amid negative interest rates.

The visit is seen as Washington’s effort to forge closer ties with India, especially in countering China’s moves.

The perpetrators decided to attack Brussels as they were “surprised by the speed of the progress in the ongoing investigation,” Belgian officials said.

The pipeline was shut down after a leak was discovered in an underground section in South Dakota last Saturday.

The British prime minister has faced scrutiny over whether his family tried to avoid the amount of inheritance tax that would eventually be due on their estate.

European countries as well as Australia and New Zealand have promised to investigate high-profile entities named in the huge leak.

Pakistan also has been working with China to develop an indigenous fighter jet, known as the JF-17.

A Boeing delegation will visit Iran and will meet the country’s national carrier, Iran Air, and other Iranian airlines, local media reported.

The detainees were freed across the country under an amnesty ordered by the country's new de facto leader, Aung San Suu Kyi.

Executive salaries were trimmed by 4 percent to 5 percent from the previous year due to “challenging financial markets,” the bank said Friday.

The companies said in a joint statement they would pool about 200 engineers to demonstrate the feasibility of hybrid electric propulsion systems by 2020.

The new recall is unrelated to Takata’s massive recall of about 24 million vehicles worldwide due to air bags installed in cars dating back more than a decade.