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(MENAFN - AFP) Asian markets tracked global stocks higher Thursday on hopes for a deal to keep Greece in the eurozone as the country prepares for a crucial weekend referendum, but Shanghai tumbled again despite authorities relaxing trading rules to temper recent volatility.

Regional traders were broadly upbeat on the prospects for Greece despite Tuesday's default as the government ...

 
(MENAFN - AFP) US antitrust officials filed suit on Wednesday to block the sale of General Electric's appliance business to Sweden's Electrolux, saying the $3.3 billion deal would harm consumers.

The sale would limit competition and lead to higher prices of cooking appliances for US consumers, said the Justice Department, which filed the civil antitrust lawsuit in a US court ...

 
(MENAFN - AFP) Automakers forecast strong gains in US auto sales on Wednesday after solid sales in June capped off months of steady growth.

"We just wrapped up the US auto industry's best six months in a decade, driven by strong demand for pickups and crossovers," said Kurt McNeil, head of sales at General Motors.

"People feel good about their jobs and the direction ...

 
(MENAFN - AFP) The world's top pharmaceutical companies Wednesday told an Australian parliamentary hearing they were compliant with local and international laws, despite claims they are charging higher prices to minimise tax.

Australia and other nations have been increasing their efforts to crackdown on profit-shifting by multinational firms that use complex structures to ...

 
(MENAFN - AFP) Greek Prime Minister Alexis Tsipras vowed Wednesday to press ahead with a controversial bailout referendum as European leaders ruled out any fresh debt offer before Sunday's vote.

Hours after Greece became the first advanced economy to default on an International Monetary Fund (IMF) repayment, the leftist leader used a live TV address to urge Greeks to vote ...

 
(MENAFN - AFP) Oregon on Wednesday became the fourth US state to allow the recreational use of marijuana, amid a growing legalization trend in the western United States.

The changes in the northwestern state's law come after voters in November approved a ballot measure making it legal to smoke, grow and own pot, though the drug remains illegal under federal law.

From ...

 
(MENAFN - AFP) Liberia said Wednesday a teenager who died of Ebola fever had spread the virus to at least two more people, confirming the first outbreak of the tropical disease for months.

Health officials told AFP the infected pair had been in physical contact with the 17-year-old victim before his death on Sunday in a village near the country's international airport, around ...

 
(MENAFN - AFP) A blistering heatwave sweeping through Europe on Wednesday brought blackouts to France and fears of heat stroke for Wimbledon tennis fans, but meant a range of interesting ice creams for the continent's zoo animals.

With temperatures pushing 40 degrees Celsius (104 degrees Fahrenheit), the UN warned heatwaves were growing more frequent and intense due to climate ...

 
(MENAFN - AFP) The International Monetary Fund said Wednesday that allowing a borrower to delay repayment, as Greece has requested, is generally ineffective in helping a country overcome crisis.

"More than 30 years ago, the IMF granted a few low-income countries delays at their request, but in each case the delay proved not to help with immediate financing needs or fundamental ...

 
(MENAFN - AFP) Macy's became the latest company to sever ties with Donald Trump Wednesday, announcing it would end the Trump clothing line following the mogul's remarks about Mexican immigrants.

"Macy's is a company that stands for diversity and inclusion," the department store said. "We have no tolerance for discrimination in any form."

"In light of statements made ...

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