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Summer of discontent beckons

LONDON - The late spring warmth spreading across Europe and the United States is unlikely to soothe a growing anxiety in financial markets that the global outlook is anything but balmy. | Video

Recent Business News

Maaden signs $1.5 billion aluminium refinery contract

JEDDAH - Saudi Arabian Mining Company (Maaden) has awarded a $1.5 billion contract to South Korea's Hyundai Engineering & Construction Co. to build an aluminium refinery in the kingdom, a bourse statement said on Sunday.

2:46pm BST

China to encourage private capital in banking industry

BEIJING - China will give private capital the same entry standards to the banking industry as other capital, state media said on Sunday, as the government makes its hardest push in a decade to court private investors by welcoming them into a handful of sectors.

12:19pm BST

Glencore to lay out Xstrata merger plans

LONDON - Glencore will this week move into the final stage of its long-awaited $30 billion takeover of miner Xstrata , as shareholders are sent detailed documents on the deal, kicking off a last charm offensive ahead of July votes.

10:35am BST

China enters new era of services expansion with Singapore CPG buy

BEIJING - China broadened its overseas investment strategy into the services industry on Sunday, with the country's top state-owned design and management purchasing a Singapore design firm.

11:39am BST
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