Beijing: Foreign direct investment (FDI) in China surged 24.13 percent year-on-year in July, data from the Chinese ministry of commerce showed Friday.China attracted $9.41 billion in FDI last month, and in the first seven months of this year, the volume…

Washington: The US Financial Industry Regulatory Authority (FINRA) has fined Morgan Stanley $1 million and ordered another $188,000 in restitution plus interests for its failure to provide the best execution and a fair price in customer transactions.FINRA, the largest independent…

Tokyo: Tokyo's tax officials have found that Olympus Corp. failed to declare 10.3 billion yen (about $124 million) in taxable earnings over a five-year period, following transactions between its domestic and Britain-based companies.According to the tax officials Thursday, Olympus is…

Johannesburg: Business leaders from five BRICS (Brazil, Russia, India, China and South Africa) countries have asked their governments to create multiple-entry business visas valid for longer periods and consider creating a BRICS business travel card to make doing business easier.Onkar…

Johannesburg: Business leaders from Brazil, Russia, India, China and South Africa (BRICS) are meeting here Monday to identify specific measures to eliminate barriers to growing trade and investment.Prominent business leaders from 19 other African countries are also taking part in…

Prague: The lesbian, gay, bisexual and transgender (LGBT) community is rich and has a high disposable income that makes it attractive in times of recession, according to a business forum held here.The third edition of the Prague Pride Business Forum…

Washington: US automaker General Motors Corporation (GM) is recalling nearly 340,000 Chevrolet Cruze cars over a brake-related problem, a media report said.The Detroit-based automaker said the brake problem has been found only in Cruzes with the 1.4-litre turbocharged engine and…

Islamabad: Prime Minister Nawaz Sharif Friday principally approved the proposed alignment of Pakistan-China Trade Corridor, officials said.He, however, directed for further evaluation of the proposal in terms of time and cost efficiency.Pakistan-China Economic Corridor, is the future of the country…

Singapore: Singapore's non-oil domestic exports (NODX), a key indicator of the country's export performance, fell 0.7 percent year-on-year in July, according to official statistics released Friday.This fall was reported following the 8.9 percent decrease in the previous month, mainly due…

Jerusalem: US technology giant IBM announced that it has purchased Israeli data security company Trusteer, Globes economic daily reported.According to the report, the deal is estimated to be valued at $630 million in addition to millions of dollars' salary payment…