China central bank governor calls for vigilance on deflation

BOAO, China - China's central bank governor Zhou Xiaochuan warned on Sunday that the country needs to be vigilant for signs of deflation and said policymakers were closely watching slowing global economic growth and declining commodity prices.

Recent Business News

More countries say to join China-backed AIIB investment bank

SHANGHAI/RIO DE JANEIRO - Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank (AIIB), adding clout to an institution seen as enhancing China's regional and global influence.

World, Australia 28 Mar 2015

Troika expects Greece to miss primary surplus target this year -Der Spiegel

BERLIN - The three institutions or troika representing Greece's official creditors expect Athens could miss its goal of a primary budget surplus this year, German magazine Der Spiegel reported on Saturday citing a source within the group of lenders.

28 Mar 2015

Fitch cuts Greece's rating to 'CCC' on uncertainty over aid release

ATHENS - Ratings agency Fitch on Friday cut Greece's credit rating to 'CCC' from 'B' saying lack of market access, tight liquidity and uncertainty over the timely release of aid from its official creditors are exerting pressure on government funding.

27 Mar 2015

UBS' French unit placed under formal investigation in tax probe

ZURICH - The French division of Swiss bank UBS AG has been placed under formal investigation by French authorities and been asked to pay a 40 million euro (29 million pound) bail, UBS said on Friday, in an escalation of a long-running probe into allegations the bank helped clients avoid taxes.

27 Mar 2015

Vivendi trades barbs with activist investor seeking bigger payout

PARIS - Vivendi has traded blows with activist investor PSAM over the fund's bid for a larger payout from the French media group, with Vivendi warning the fund could be in breach of the law and the fund accusing it of attempting to intimidate it.

28 Mar 2015
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