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Britain's largest water provider Thames Water suffered a blow in its battle to avoid renationalisation on Wednesday as credit rating firm Moody's downgraded its corporate family rating (CFR) and its safest tranche of debt to junk.
The United States unveiled sanctions on Wednesday against a network of half a dozen people and five firms in China it accuses of supporting North Korea’s ballistic missile and space programmes.
India's government on Tuesday promised spending on job creation but also called for fiscal prudence as it announced its financial budget — the first since nationwide elections finished in June which led to a new coalition government being formed.
NEW DELHI -- The Indian government plans to spend 2 trillion rupees ($24 billion) over the next five years to create more jobs, a move expected to benefit over 40 million youth, Finance Minister Nirmala Sitharaman announced on Tuesday as part of the country's budget.
The South Asian country is estimated to have lost $1.2bn in revenue over the past five days with its vital garment exports sector hit badly.
MELBOURNE -- Five years after announcing its acquisition of Australian beer giant Carlton & United Breweries, Japan's Asahi Group Holdings continues to expand in the country with smaller deals and a push into soft drinks.
SHANGHAI -- The Chinese Communist Party released on Sunday a lengthy long-term policy blueprint adopted at a meeting of high-level members last week. The closely watched meeting, known as the third plenum, came against the backdrop of slowing economic growth exacerbated by a major downturn in the property sector as well as rising trade tensions with the U.S. and other countries. Here are five takeaways from the plenum.
Ryanair shares fell Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months.