President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution he has called wasteful, corrupt and overly generous to China. Those criticisms are similar to those expressed by others in the development community. But...

Mexican President Andres Manuel Lopez Obrador said Friday he would soon announce a rescue plan for troubled state oil company Pemex, suggesting it would be worth around $1.5 billion. Pemex is struggling under the weight of more than $100 billion in debt and years of declining production,...

China on Friday denied what it termed "ridiculous" allegations of spying levelled by Lithuania as the Baltic eurozone state joined other western nations in expressing concerns about Chinese telecoms giant Huawei. The company has raised suspicions in the west for its close ties to the...

Shares in German payments processing firm Wirecard were headed for a stormy finish to a turbulent week Friday, as fraud allegations piled on top of investors' concerns about lack of transparency. Singapore police confirmed to AFP they had searched premises belonging to the Munich-based...