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DBRS acquired by private equity firms Carlyle and Warburg Pincus
Canadian rating agency DBRS is ushering in a new era of international expansion as a big-money consortium takes over.
Posted on 12-22-2014 at 8:44 AM
Russia entering 'full-fledged economic crisis', says ex-minister Kudrin
Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said.
Posted on 12-22-2014 at 8:31 AM
CNOOC’s Nexen shuts Yemen facilities due to security threat
CNOOC Ltd.’s Nexen unit is shutting operations at an oil field and processing facility in Yemen, where the Islamist militant al-Qaeda group is operating, due to a security threat.
Posted on 12-22-2014 at 7:23 AM
Russian central bank to bail out Trust Bank with up to $530 million
Russia's central bank said it would will provide a mid-sized bank to with up to $530 million to stop it from going bankrupt, in the first bailout of its kind during the current ruble crisis.
Posted on 12-22-2014 at 7:09 AM
Airbus delivers first A350, rules out cancelling A380 project
European planemaker Airbus delivered its first new A350 jetliner to Qatar Airways on Monday and ruled out cancelling its A380 superjumbo program.
Posted on 12-22-2014 at 7:08 AM
Oil prices reverse early gains, fall on supply outlook
Oil fell towards $61 a barrel on Monday, reversing gains after Saudi Arabia indicated it could increase its output.
Posted on 12-22-2014 at 7:04 AM
Uber business model faces legal scrutiny in Taiwan, Chinese mega city
Uber is under fire in Taiwan and Chongqing over concerns that it and its drivers are not appropriately licensed, adding to a string of official complaints aimed at the U.S. start-up.
Posted on 12-22-2014 at 7:02 AM
Morning Markets: Global shares, ruble rally into Christmas period
World shares extended their 'Santa rally' into a fourth day today, as a recovery in beaten-down oil prices and the ruble helped lift sentiment.
Posted on 12-22-2014 at 6:20 AM

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