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(MENAFN - AFP) China's stock markets were hit by another wave of volatility Monday after suffering their heaviest losses since the summer rout, while most other Asian markets started an eventful week on the defensive.

Chinese dealers were buoyed by hopes the International Monetary Fund will agree to a proposal from its executive board to include the Chinese yuan in its special ...

(MENAFN - AFP) Sweden's economy posted strong third quarter growth on robust household consumption and rising investment, while neighbouring Denmark saw its economy contract for the first time since 2013, official data showed on Monday.

Sweden's gross domestic product grew by 0.8 percent in the quarter compared to the previous three-month period, Statistics Sweden said.

Year-on-year ...

(MENAFN - AFP) Russia's flagship airline Aeroflot on Monday announced it had returned to profit in the third quarter, shrugging off the impact of the country's economic crisis with a boost in sales and market share.

The state-owned airline, which is a member of the SkyTeam alliance along with Air France-KLM, reported net profits of 5.4 billion rubles ($80.9 million, 76.5 ...

(MENAFN - AFP) Billionaire Andre Esteves, arrested on charges related to Brazil's huge Petrobras corruption probe, has resigned as chairman and CEO of Latin America's largest independent investment bank, it said late Sunday.

BTG Pactual did not refer in the statement to Esteves's legal situation, nor to the Supreme Court having agreed to a prosecutor's request to extend indefinitely ...

(MENAFN - AFP) Eurozone stocks rose Monday with all eyes on this week's policy meeting of the European Central Bank, which is widely expected to boost the single currency bloc with more stimulus.

Following Thursday's ECB gathering, attention will turn to Friday's US jobs data and the outcome of OPEC's meeting on oil output levels.

Markets will be keeping a watch also ...

(MENAFN - AFP) Japan is looking to cash in on the rugby fever that swept the nation in recent weeks by unveiling a lifesize bronze statue of World Cup star Ayumu Goromaru.

However, fans hoping to catch a glimpse of the golden-coloured figure -- crouching with its fingers clasped together in the player's trademark kick routine -- will have to be quick.

After being unveiled ...

(MENAFN - AFP) Efforts to get lifesaving antiretrovial drugs to HIV-positive patients in many sub-Saharan African countries are routinely failing at "the last mile", an international medical group said on Monday.

Despite stocks being available, the drugs often do not reach clinics because of "cumbersome procedures, logistical challenges or lack of resources," Medicins Sans ...

(MENAFN - AFP) Between plantations of bananas, mangoes and avocados, a small group of men trek along paths freshly carved out by the November rains on a mission to inform and educate in an area of western Kenya where AIDS remains rife.

In Homa Bay, a remote rural region on the southern shores of Lake Victoria, AIDS is a major problem with studies showing that one in four ...

(MENAFN - AFP) South Korea on Monday ratified a free trade agreement (FTA) with China that would remove most tariffs between Asia's largest and fourth-largest economies.

The pact, signed in June, was passed by parliament with a 196-33 majority -- although it still needs China's ratification in order to take effect.

The green light came after the Seoul government promised ...

(MENAFN - AFP) German retail sales, a closely watched measure of household confidence, slipped in October, amid signs consumer sentiment in Europe's top economy is starting to wane, official data showed on Monday.

Retailers' sales declined by 0.4 percent in October compared with September, the federal statistics office Destatis said in a statement.

The previous month, ...

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