South Korea said it will tighten government spending to slow an increase in its debt and keep the debt-to-GDP ratio at mid-50% by 2027, following years of massive stimulus measures that have weakened the country's fiscal situation.
Europe's largest sugar producer Suedzucker posted a sharp surge in first-quarter operating profit on Thursday and confirmed increased earnings forecasts for its new fiscal year, despite the impact of the Ukraine war.
The head of Swiss network operator Swissgas urged the government to guarantee purchases by regional gas utilities that he said in a newspaper interview were struggling to finance deals in a tight market.
Shares of FSN E-Commerce Ventures, the parent of cosmetics-to-fashion retailer Nykaa, jumped 4.8% on Thursday, a day after it said its fashion segment was expanding into the men's innerwear and athleisure category with a new brand.
Italy's former phone monopoly Telecom Italia (TIM) set out a plan to split its fixed network infrastructure from its service businesses in a bid to raise cash and cut debt.
Most Asian stock markets inched up on Thursday as investors juggled concerns over inflation versus a recession after minutes from the U.S. Federal Reserve's June meeting showed officials rallied around an outsized rate hike.
Sri Lanka's central bank raised key interest rates to the highest in two decades on Thursday to bring down record inflation, despite the country wilting under a devastating economic crisis.
UniCredit is working on a "progressive disengagement" from Russia, which is performing well from a financial standpoint, the Italian bank's chief executive told Italian daily Il Sole 24 Ore.
(RTTNews) - European stocks are likely to open higher on Thursday after notes from the latest Federal Reserve meeting indicated that higher U.S. interest rates might be needed to get inflation back to the 2 percent target.
A burning meteor flashed across the sky over the New Zealand capital of Wellington on Thursday, with dozens of witnesses saying they saw a bright light and heard a boom as the fireball passed.
(RTTNews) - The Indonesia stock market moved lower again on Wednesday, one day after snapping the six-day losing streak in which it had plummeted almost 400 points or 7 percent. The Jakarta Composite Index now sits just beneath the 6,650-point plateau although it figures to open
(RTTNews) - Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) expects that its second-quarter operating profit will rise about 11.38 percent from last year, helped by strong semiconductor business despite slowing demand for smartphones and home appliances. It projects quart
(RTTNews) - The Australian stock market is slightly higher on Thursday, recouping some of the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 6,600 level, following the positive cues overnight from Wall Street, boosted by a rebound in materials sto
Japanese firms may think twice about investing in Australia's Queensland, one of the world's biggest sources of coal, after the state shocked miners with a steep hike in coal royalty rates to capture windfall profit, Japan's ambassador to Australia said.
Shares in Macau's Suncity Group Holdings Ltd were set to open 114% higher on Thursday after resuming trading with its Executive Director Andrew Lo becoming the company's new majority shareholder.
Gold prices edged up on Thursday from nine-month lows touched in the previous session, after the dollar paused its rally, alleviating pressure on greenback-priced bullion.
(RTTNews) - The Hong Kong stock market headed south again on Wednesday, one day after snapping the three-day losing streak in which it had declined more than 570 points or 2.7 percent. The Hang Seng Index now sits just above the 21,580-point plateau although it's expected to boun
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