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Fujitsu in PC Merger Talks with Lenovo

Japan's Fujitsu said on Thursday it was in talks to merge its struggling PC business with Chinese computer giant Lenovo, sending its shares soaring as the company also announced a recovery in profits.

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Barclays Bank Takes £600m Hit over Insurance Mis-Sell

British bank Barclays on Thursday said it had set aside an extra £600 million ($733 million, 672 million euros) to compensate customers mis-sold insurance, a day after rival Lloyds gave a similar update.

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Philippines' Duterte Makes Business Pitch in Japan

Philippine President Rodrigo Duterte was set Wednesday to persuade Japanese executives his country is "open for business", after upending traditional alliances by insulting the U.S. and making overtures to China.

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Italy PM Threatens EU Budget Veto over Migrants

Italian Prime Minister Matteo Renzi on Tuesday threatened to veto the EU's budget over a lack of solidarity from European neighbors as it struggles with a huge influx of migrants. 

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Revolutionary Guards Say Iran Firms Should Lead Oil Projects

A senior commander of Iran's elite Revolutionary Guards said Wednesday that cooperation with foreign firms on oil projects was necessary, but putting them in charge would be a national "disgrace."

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Coca-Cola Posts 7% Global Revenues Loss

The slow global economy and the health-driven turn against sweet sodas dented Coca-Cola sales for the sixth straight quarter, delivering a 28 percent hit to net income, the company reported Thursday.

Coca-Cola said worldwide revenues fell in the quarter to September 30 by 7.0 percent from a year ago to $10.6 billion, with sharp declines in its Latin America and Europe-Africa-Middle East regions.

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Saudi Financial Position Strong, Says Minister

Saudi Arabia's financial position remains strong despite sinking oil prices, although there is "some pressure" on bank liquidity, the finance minister has said.

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Philippines' Duterte Tells Worried Foreign Businesses to Go

President Rodrigo Duterte on Tuesday urged foreign businesses in the Philippines worried about his deadly drug war to "pack up and leave", as he launched another anti-American tirade before flying to Japan to attract investments.

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Plunging Solar Equipment Prices Fuel Trade Complaints

Use of solar power is soaring, but Europe's biggest solar panel manufacturer, SolarWorld, took the surprise step last month of cutting 500 jobs from its workforce of 3,000.

The reason? Global sales are on track for a record year but prices are plunging due to a glut of supply. That is encouraging the spread of clean energy but squeezing manufacturers, leading to politically sensitive job losses.

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Eurozone Approves 2.8 bn Euros in Bailout Funds for Greece

Eurozone officials announced Tuesday they have approved 2.8 billion euros for Greece from its huge third bailout after the cash-strapped nation delivered the needed reforms.

"Today's decision to disburse €2.8 billion ($3.0 billion) to Greece is a sign that the Greek people are steadily making progress in reforming their country," said a statement from the directors of the European Stability Mechanism, the Eurozone body controlling Greece's bailout loans.

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