Citigroup Becomes First U.S. Bank to Branch Out Into Baghdad
The banking giant is set to become the first U.S. lender to open a physical office in Iraq.
Quake overwhelms Nepal's weak healthcare system; Death Toll 2,500 and rising
A massive earthquake in Nepal has exposed the woeful state of its medical facilities as hospitals struggle to treat vast numbers of injured with limited supplies and staff.
'Fed Fatigue' Has Set In
Markets are taking a pause from basing every move on the latest rhetoric out of the Fed regarding the timing of the first interest rate hike in nearly a decade.
China Consumer Prices Up 2.7% in June
New economic data out of China underlines the fact that the Chinese economy may be cooling down. The inflation rate rose more than expected to 2.7 percent in June, up from 2.1 percent in May.
Deal Frenzy Heats Up in Africa As Middle Class Grows
Transactions in the African region are growing at a faster pace than they were three years ago. Experts at Ernst & Young predict the trend will continue as the broader deals market recovers.
Philip Morris Inks $625M Deal to Increase Exposure to Algeria
The $625 million deal is a bid to boost exposure in emerging markets, and gives the cigarette maker a 25% stake in an Algerian joint venture.
Philip Morris Inks $625M Deal to Increase Exposure to Algeria
The $625 million deal is a bid to boost exposure in emerging markets, and gives the cigarette maker a 25% stake in an Algerian joint venture.
Mondelez Pushes Into Emerging Markets as Competition Intensifies
Mondelez reaffirmed its full-year outlook but said margins will remain pressured as its expands into emerging markets and funds a restructuring.
Boeing Looks to Tap $550B Market in Middle East
Boeing sees a $550 billion market opportunity in the Middle East over the next 20 years as demand for new airplanes in the region grows.
Coca-Cola's 3Q Profits Match Views Despite Disappointing Volumes
The iconic beverage maker reported global volume growth of 2%, which missed expectations from analysts.
Whirlpool 2Q Sales Improve as EU Recovers
Whirlpool posted a jump in quarterly profits and boosted its full-year outlook.
Coca-Cola Serves First Coke Bottles in Myanmar After 60 Years
Taking its first major step in Myanmar after lifted sanctions, Coke launched bottling operations in the country for the first time in more than 60 years.
Toyota Forecasts Record Profits But Warns of Emerging Market Slowdown
Toyota expects to rake in record profits this fiscal year on strong vehicle sales in developed countries. But demand could shrink in Thailand and other emerging markets, possibly curbing future earnings growth.
As Smartphone Shipments Shatter Records, Apple Falters
Apple may have logged record iPhone sales, but its growth just isn't keep up with nimble rivals, such as Samsung. • Apple Shares Tumble
¡Viva Pepsi! Soda Giant Invests $5B in Mexico
PepsiCo plans to invest $5 billion to expand the drink and snack maker’s operations in Mexico over the next five years.
S&P Dims Outlook on Russia to 'Negative' on Geopolitical Jitters
S&P sliced Russia's outlook to 'negative' amid worries about potential capital outflow and other issues resulting from its annexation of Crimea.
Emerging Market Panic? Investors Yank $6.4B From EM Equity Funds
The $6.4 billion of outflows from emerging market equity funds marks the largest cash exodus from these funds since August 2011.
Iraq's Oil-Fueled Comeback Story Threatened by Anbar Violence
A fresh outbreak of violence in Iraq threatens to ruin the country's attempt to inject life into its economy by significantly expanding oil production. Stocks Slump, Traders Await Fed Minutes | Cantor Downgrades Twitter, Shares Fall
Street Worries Grow Over Emerging Market Funds
Wall Street concern is growing about a collapse in emerging market funds, once a darling of investors chasing their high yields in a world of near zero interest rates.
Greece Imposes Capital Controls as Crisis Deepens
Greece moved to check the growing strains on its crippled financial system on Sunday, closing its banks and imposing capital controls that brought the prospect of being forced out of the euro into plain sight.