The EU's powerful anti-trust sheriff on Thursday accused eight banks of having conspired for several years to distort competition in the eurozone bond market. According to the European Commission, the banks colluded to distort competition when acquiring and selling eurozone government bonds...

The world's biggest shipbuilder, South Korea's Hyundai Heavy Industries, has reached a deal to acquire a majority stake in ailing number two Daewoo from the government, Seoul said Thursday. The world's top three shipbuilders are South Korean -- Samsung Heavy ranks third -- but the industry...

 (Zaman Al Wasl)- The Syrian pound (Lira) weakened against the U.S. dollar on Wednesday despite regime promises to revive the economy following the sign of  'strategic economy deals with Iran. The dollar was up 0.30 percent at 530 S.P in two weeks. Bashar al-Assad on...

E-commerce giant Alibaba Group Holding Ltd’s quarterly revenue grew at its weakest pace since 2016, as the impact of a slowing Chinese economy and a crippling Sino-U.S. trade war kept buyers away during its top-sale season. The result is likely to add to investor worries as it...