Turkish banking sector's net profit totaled some 6.48 billion Turkish liras ($1.22 billion) in January-February this year, the country's banking regulator said Friday. According to the Banking Regulation and Supervision Agency, total assets of the sector surged 19.4 percent year-on-year...

U.S. President Donald Trump on Thursday called for the Organization of the Petroleum Exporting Countries (OPEC) to boost oil production to lower the price of the commodity. “Very important that OPEC increase the flow of Oil. World Markets are fragile, price of Oil getting too high. Thank...

Asian markets were gripped by volatility Thursday as investors grow increasingly worried about the state of the global economy, sending them rushing to safe-haven assets and fuelling talk of possible recession. The pound was managing to hold its own despite another night of drama in...

The US trade deficit dropped nearly 15 percent in January compared to December, largely due to declining imports from China, the Commerce Department reported Wednesday. Economists say the decline could help support growth in the first three months of the year, which would be a welcome...

German carmaker Volkswagen and Amazon.com Inc have agreed on a strategic partnership to create a kind of “industry cloud”, for which details will soon be announced, Germany’s Sueddeutsche newspaper reported on Wednesday. It cited unnamed sources at Volkswagen as saying Amazon would play a...

 McDonald’s Corp said on Monday it would buy Israel’s Dynamic Yield, whose technology helps marketers personalize customer interactions, to boost its online marketing efforts. McDonald’s will pay more than $300 million, a person familiar with the matter said. McDonald’s said it...

Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering.   Uber said late Monday night it would pay $1.4 billion in cash and $1.7 billion in...

France signed 15 business contracts with China worth billions of euros on Monday, including a multi-plane order with Airbus and a €1 billion contract for EDF to build an offshore wind farm in China, the French presidency said. A 300 plane order from China for Airbus planes is worth about...

South Korean government officials are expected to press for extending a sanctions waiver on Iran’s petroleum exports that expires in May on a visit to Washington this week. South Korea’s Deputy Foreign Minister for Economic Affairs Yoon Kang-hyun and other leaders will meet with U.S....

The EU's powerful competition authority Monday imposed a 12.5 million euro ($14 million) fine on US sports apparel giant Nike for restricting cross-border sales in Europe of jerseys and scarves of top football teams. According to the European Commission, Nike imposed illegal licensing deals...

The United States clinched a strategic port deal with Oman on Sunday which U.S. officials say will allow the U.S. military better access the Gulf region and reduce the need to send ships through the Strait of Hormuz, a maritime choke point off Iran. The U.S. embassy in Oman said in a...

A fix to the anti-stall system suspected in the crash of a Boeing 737 MAX 8 jet that killed 189 people in Indonesia is ready, industry sources said Saturday, as the company tries to avoid a lengthy grounding of its planes. Boeing was due to present the patch to officials and pilots of US...

Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh’s share of global crude markets might be further eroded. Riyadh, OPEC’s de facto leader, said it was...

Signs of a weak first quarter for the eurozone mounted on Friday as a closely-watched survey pointed to March output being dragged further down by manufacturing weakness, especially in Germany, Europe's largest economy. Data company IHS Markit said in a first estimate for the month that...

Boeing's 737 MAX aircraft will be outfitted with a warning light for malfunctions in the anti-stall system suspected in October's fatal crash in Indonesia, an industry source told AFP Thursday, standardizing a feature previously sold as an optional extra. The development comes as the...

Growing restrictions on Hong Kong's freedoms are hurting business confidence, the United States warned in a report Friday, accusing the city's government of sacrificing human rights to support mainland Chinese priorities. Hong Kong enjoys liberties unseen on the mainland under the "one...

The United States granted Iraq a 90-day waiver exempting it from sanctions to buy energy from Iran, a State Department official said on Wednesday, the latest extension allowing Baghdad to keep purchasing electricity from its neighbor. The official said the waiver was granted on Tuesday. The...

The dollar struggled in Asia on Thursday after a surprisingly dovish Federal Reserve indicated it would not lift interest rates this year and sounded a note of caution on the economy. While the prospect of lower borrowing costs provided support to equity markets, investors trod nervously on...

Business partners of French sugar giant Tereos have filed a complaint against the firm for allegedly supplying an artificial sweetener to Syria, where it is being used to make weapons, the plaintiffs' lawyer said Tuesday. Tereos, which denies the claims, is accused of "acts of terrorism and...

Toyota on Wednesday said it will build a new hybrid car in Britain for Japanese peer Suzuki -- a welcome boost for the UK auto sector which has been hit by Brexit uncertainty. "Seeking to produce additional volume for other customers is one example of all the efforts we are making to keep...