Black Friday for China stocks but metals not so heavy

LONDON Chinese shares slumped 5 percent on Friday, hit by regulatory and industrial sector worries, though it wasn't enough to derail the first weekly rise for metals like copper and zinc since early October.

Recent Business News

Pilots' union confident of deal to join Lufthansa jobs summit: document

FRANKFURT German pilots union Vereinigung Cockpit is confident it can come to a deal that will allow it to take part in a round table organized by Lufthansa management in a bid to defuse tensions with unions over job and growth prospects.

6:01am EST

WTO talks stuck again as ministers prepare to meet, Azevedo says

GENEVA World trade talks are deadlocked and ministers are unlikely to find a way out of the impasse when they meet in Nairobi next month, World Trade Organization Director-General Roberto Azevedo said on Thursday.

26 Nov 2015

HSBC says to shut down India private banking business

MUMBAI HSBC Holdings Plc is shutting its private banking unit in India, marking the exit of another foreign bank from the cut-throat wealth management business in Asia's third-largest economy.

4:44am EST

Bank of America to halt dollar supplies to Angola: sources

LUANDA Bank of America will stop supplying U.S. dollars to Angola at the end of this month, two foreign exchange sources said on Thursday, a move that could pile pressure on the oil exporter's ailing kwanza <AOA=> currency.

26 Nov 2015

Merck plans to sell its allergy business unit to cut debt: Bloomberg

German drugs and chemicals maker Merck KGaA is planning to sell its allergy business, Allergopharma, Bloomberg reported, citing sources.

26 Nov 2015


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