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(MENAFN - AFP) IMF chief Christine Lagarde was ordered Friday to stand trial in France over a massive state payout to a colourful tycoon when she was French economy minister, dealing a setback to her stellar career.

France's highest appeals court dismissed Lagarde's challenge against the decision to try her for negligence in her handling of a dispute between a state-owned ...

 
(MENAFN - AFP) The world cannot depend on China alone to save it from a Brexit-induced downturn, the country's premier said Friday, ahead of hosting a meeting of G20 finance ministers.

Government representatives and central bank chiefs from the world's top 20 economies gather in the southwestern Chinese city of Chengdu this weekend with the impact of Britain's vote to leave ...

 
(MENAFN - AFP) Britain's economy was battered by the Brexit vote last month and faced a "dramatic deterioration" in activity as orders dried up and business investments were canned, key data showed Friday.

The grim news -- the first indication of economic contraction since Britain's shock EU exit vote -- was revealed at the end of a week in which Prime Minister Theresa May ...

 
(MENAFN - AFP) US stocks resumed their upwards push Friday, while the British pound retreated after weak economic data revived talk of monetary stimulus.

The S&P 500 climbed to yet another record in New York, as a four-week rally was revived after a brief decline Thursday.

US stocks have repeatedly broken records since the surprise June 23 vote by Britain to exit ...

 
(MENAFN - AFP) From lonely pensioners to Japanese schoolgirls with shattered dreams, Takanobu Nishimoto and his crew of middle-aged men will lend an ear to clients who would never dream of spilling their guts to a therapist or worse, their families.

Anyone in need of company can sign up to his online service to rent an "ossan" -- a man aged between 45 and 55 -- for 1,000 ...

 
(MENAFN - AFP) Pikachu was welcomed home by thousands of enthusiastic Japanese gamers Friday as the global phenomenon that is Pokemon Go finally launched in its native market.

The smartphone app has now been launched in more than 40 countries, including the US and much of Europe, but Japan -- where Nintendo started the mythical creature franchise 20 years ago -- was kept ...

 
(MENAFN - AFP) South Korea's Samsung Electronics said Friday it had filed a patent infringement suit in China against Huawei, adding fuel to a growing legal battle between the rival smartphone makers.

In the suit filed in a Beijing court, the electronics giant demanded millions of dollars in compensation from the Chinese firm for allegedly stealing its mobile imaging and ...

 
(MENAFN - AFP) IMF chief Christine Lagarde is to find out Friday whether she will stand trial in France over a massive state payout to tycoon Bernard Tapie when she was French economy minister nearly a decade ago.

France's top appeals court will rule on Lagarde's challenge to a December court ruling that she be tried for negligence in the affair, which ended with Tapie walking ...

 
(MENAFN - AFP) The European Union's securities watchdog fined Fitch Rating agency 1.38 million euros ($1.52 million) Thursday for breaking the bloc's credit ratings regulations.

The European Securities and Markets Authority said that senior analysts at Fitch had passed on information to senior figures at a parent company before the information was public.

The ratings ...

 
(MENAFN - AFP) Large US banks got a lift from the June "Brexit" vote in the second quarter, but could face long-term pain from a British retreat from the European Union.

Earnings released by JPMorgan Chase, Citigroup and others over the last week showed a pickup in some key trading businesses in the days after the surprise June 23 vote by Britain to leave the EU.

Banks ...

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