Samsung Group, South Korea’s largest family-run conglomerate, said Wednesday that it will dispose of stakes in its four chemical and defense affiliates to Hanwha group, a South Korean conglomerate that has been doing business in the defense sector for more than six decades.
Sales of new homes continued growing in the United States last month as property market recovery kept going on, the Commerce Department said Wednesday.
U.S. consumer confidence, which had rebounded in October, declined in November, the New York-based research group Conference Board said Tuesday in a report.
The Central Bank of Armenia has lately estimated that the economic growth of the country will reach 3.1 percent to 3.6 percent in 2014, below the planned target of 5.2 percent for the year.
The Indonesian government took measures to control the hikes of goods’ prices across the country following the raise of subsidized-fuel prices by nearly 31 percent last week.
Russia attempts to stabilize global oil market by not exceeding its annual production of 525 million tons, Energy Minister Alexander Novak said Monday.
Executive Director of the Hong Kong Trade Development Council (HKTDC) Margaret Fong Shun-man highlighted Hong Kong’s irreplaceable role as the connector between the mainland and the world.
Global business confidence dropped to a five-year low in October, marking a sharp fall in optimism, the Markit Global Business Outlook Survey showed on Monday.
U.S. consumer sentiment continued soaring in November, as improving job market and falling gasoline prices boosted consumers’ views on current conditions and future expectations, according to a report released Friday.
Chinese e-commerce behemoth Alibaba received its first debt rating from Fitch Ratings, which rated the company’s proposed note offering at investment grade “A-plus.”