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Bypassing Congress, Maduro Decrees Venezuela Budget

Venezuelan President Nicolas Maduro issued the government's 2017 budget by decree Friday, bypassing the opposition-held legislature in a move that could deepen the country's economic crisis.

"Here is the 2017 budget and debt law. May it be fulfilled. I ask for the support of the people, the military and the street," Maduro said at a signing ceremony in Caracas attended by hundreds of supporters.

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Modi, Putin Sign Defence Deals ahead of BRICS

Indian Prime Minister Narendra Modi and Russian President Vladimir Putin signed lucrative defence and energy pacts on Saturday following talks aimed at reinvigorating ties between the former Cold-War allies.

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What is CETA, the Endangered EU-Canada Trade Deal?

The parliament of the Belgian region of Wallonia voted Friday to block the CETA free trade deal between the EU and Canada, showing how one rebel local government can sink a key global agreement years in the making.

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Indian Police, FBI Seek Call Center Fraud Kingpin

Indian police held talks with the FBI Friday as they said they believed the kingpin of a multi-million-dollar tax scam that duped thousands of U.S. citizens had fled the country.

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Beijing to Merge Chemicals Giants

Beijing is planning a mega-merger of chemicals giants Sinochem and China National Chemical Corp. in a massive deal that would reshape the chemicals industry, Bloomberg News reported Friday. 

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'Soft Brexit' Still on Table, Says EU Commissioner

The European Commission's top euro official said Friday there is still a chance for Britain to engineer an amicable "soft Brexit" departure from the EU, but stressed it is up to London to decide.

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What Brexit? Top Dutch Bank Moves Traders to London

Dutch top bank ING said Friday it is moving dozens of trading jobs to London, defying expectations of an exodus of financial sector professionals from Britain because of Brexit.

An ING spokeswoman said 60 jobs would be moved from Amsterdam and Brussels to the City of London to join its corporate finance banking team of 650 people already working there, creating a single unit.

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SoftBank Eyes $100 bn for New Tech Fund with Saudis

Japanese mobile carrier SoftBank said Friday it hoped to raise as much as $100 billion for a new technology investment fund it has set up in partnership with Saudi Arabia.

The company said it would invest about $25 billion in the SoftBank Vision Fund over the next five years, while the Saudi public investment fund will "consider investing in the fund and becoming the lead investment partner".

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Samsung Sees Further $3bn Profit Hit from Note 7 Crisis

Samsung on Friday said the crisis over its exploding Note 7 smartphones would cost another $3 billion-plus in lost profit over the next two quarters, but hoped expanded sales of its other flagship handset would help cushion the impact.

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Tokyo Pledges Support for Japanese Firms in Thailand

Thailand's biggest foreign investor, Japan, said Friday it would offer support to its firms in the kingdom as concerns grow that the death of its revered monarch could derail the economy.

Japan has more than 4,000 companies operating in Thailand, dubbed the "Detroit of Southeast Asia" due to the huge number of auto manufacturing plants.

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