Economy

The Ten Network, one of Australia’s three commercial channels and which broadcasts shows such as “I’m a Celebrity…”, on Thursday warned of grave concerns about its future after posting dire half-year losses.The station, which has been on air since 19…

Mounting positive signals from the economy won’t put the European Central Bank off massive monetary stimulus Thursday, analysts predict, with policymakers preferring to wait for calmer political waters and fresh data before acting.Faced with continuing…

Making wine is a tough job in most places, what with frost, hail, drought and bushfires to contend with.But nowhere is the task bigger than in Argentina’s Mendoza region, where vintners duel “the whole gamut of natural hazards” — not least frequent ea…

Italy’s centre-left government said Wednesday Alitalia would be sold to the “highest bidder”, again ruling out a state rescue as fears mounted that the troubled airline is plummeting towards bankruptcy.Prime Minister Paolo Gentiloni said he had been di…

McDonald’s has decided not to sell its stake in a Japanese unit hit by a series of food contamination scandals and slumping sales.The US restaurant chain has a 50 percent share of McDonald’s Japan, but said said last year it was looking at selling the …

Asia-focused bank Standard Chartered on Wednesday said its first quarter pre-tax profit nearly doubled compared to the same period last year, benefiting from the dampened effect of bad loans.Chief executive Bill Winters said the bank made “good progres…

Spanish banking giant Santander said Wednesday that its profits jumped in the first quarter, as a strong performance in Brazil offset weakness in Britain caused by the slump in the pound.Spain’s largest bank said that net profit rose by 14.3 percent to…

Credit Suisse said Wednesday it had launched a share issue aimed at raising some $4.0 billion to allay capital fears, and backtracked on plans to take part of its Swiss division public.Switzerland’s second largest bank also said it had bounced back to …

Legions of Japanese crisps addicts are suffering and it doesn’t look like they’ll be getting their full fix anytime soon.The country is in the midst of a dire crisps shortage after violent typhoons wiped out potato crops in top tuber producing Hokkaido…

French auto giant PSA Peugeot Citroen, under investigation for allegedly cheating diesel pollution tests, said Wednesday that its car parts division Faurecia was the main engine of growth in sales in the first quarter.PSA said in a statement that overa…

South Korea’s biggest automaker Hyundai Motor posted a 21 percent drop in first-quarter profits on Wednesday, hammered by the fallout from a diplomatic spat between Seoul and Beijing over a US missile defence system.In a statement, Hyundai said it post…