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Pearson has agreed to sell its 50% stake in The Economist Group for £469 million, payable in cash.

Prosecutors did not identify the bank, but people familiar with the case say the accused are mid-ranking employees of Deutsche Bank, which was raided in 2012 as part of the investigation.

California officials are getting ballsy about fighting the state’s drought.

The third phase of coal block auctions culminated on Thursday with Jaypee Cement winning Maharashtra’s Majra mine, the only mine to be bid out on the last day. Jaypee Cement Corporation had won the Mandla South coal mine in the second round of auctions while its parent...

Shares in Denmark’s A.P. Moller-Maersk (MAERSKb.CO) jumped as much as 8.6 percent on Thursday after the shipping and oil group reported second-quarter profits ahead of forecasts and launched a $1 billion share buy-back programme.

Yesterday, China’s central bank set the guidance rate at 6.4010 per US dollar, weaker than the previous fix of 6.3306.

So the notion that China is evolving into a more market-oriented country is to impose a particularly American perspective on Chinese actions. Impose trade barriers if Beijing will not comply. By 1994 it was 8.62 RMB to the dollar (the lowest ever on the record).

As per USA Today, Volkswagen has recalled many cars because of this airbag issue.

The Trigana Air Service plane is at least the third aircraft to go missing in Asia in the the past 18 months.

The value of the yuan has gradually returned to market levels as the discrepancy between the central parity rate and the actual trading rate has been largely corrected after declines in the past few days, Zhang Xiaohui, assistant governor of the People’s Bank of China...

That was the situation for Kyle Busch in the NASCAR Camping World Series Careers for Veterans 200 presented by The Cooper Standard Foundation and Brad Keselowski’s Checkered Flag Foundation at Michigan worldwide Speedway. It was part of an eventful day for Busch, who...

In a note published on Tuesday, after the first devaluation of 2 percent was announced, the PBoC said that monetary policy would now allow the currency to float and trade more freely, in a move towards a more market-orientated approach. France and Italy were the main...

It looked Photoshopped, but it was definitely real: A river in Colorado flowed orange.

Duke University business professor Campbell Harvey says China wants the yuan to eventually become a “reserve” currency like the dollar and the euro. “Looking at the worldwide and domestic economic situation, now there is no basis for a sustained depreciation...

Since Precision Castparts’ fiscal 2015 returns were solid but did not keep up with obligations, its funding deficit jumped.