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(MENAFN - AFP) Argentina repaid $5.9 billion of its debt Monday in keeping with its repayment schedule, though a longstanding dispute with US hedge funds remains.

"The payment has been made on time. We have met our commitment with one of the largest repayments in about two decades," said central bank chief Alejandro Vanoli.

The payment was made by drawing on the country's ...

(MENAFN - AFP) The hulking Soviet-era mineral refinery in Pikalyovo, one of Russia's hundreds of factory towns hit by a crippling economic crisis, has been a blessing, and at times a curse, for a place dependent on a single industry.

Standing outside hangars housing throbbing machinery, the plant's technical director concedes that the town of 20,000, located some 250 kilometres ...

(MENAFN - AFP) The Bank of Japan held fire on expanding its already huge stimulus programme on Wednesday, despite mounting pressure on policymakers in the face of sluggish growth and stagnant prices.

The decision, after a two-day meeting, follows a string of disappointing data that have raised questions about the effectiveness of Prime Minister Shinzo Abe's drive to kickstart ...

(MENAFN - AFP) Oil prices on Wednesday extended a rally on hopes a global supply glut could be easing, boosting Asian energy shares, while a broadly upbeat outlook helped emerging currencies to further gains against the dollar.

Market heavyweight Samsung Electronics dragged South Korean shares higher after flagging a massive increase in operating profit for July-September.

Global ...

(MENAFN - AFP) Samsung flagged a nearly 80 percent jump in quarterly profit Wednesday, as sales of chips and displays offset stiff competition in smartphones from Apple and cheaper Chinese rivals.

The stellar earnings forecast sent shares in the South Korean company soaring more than five percent in mid-morning trade.

The firm's flagship smartphone business is struggling ...

(MENAFN - AFP) Organizers of next year's Rio Olympics said Tuesday they aim to slash some 10 percent from spending to keep within budget while Brazil plunges into economic crisis.

South America's first country to host the Olympics is in serious trouble, with inflation and unemployment soaring and the IMF becoming the latest to predict a steep two-year economic downturn.

Organizers ...

(MENAFN - AFP) The lucrative world of online fantasy sports gaming faced an inquiry from New York authorities over allegations of "insider trading" critics say underscored the need to better regulate the multibillion-dollar industry.

The New York Times reported late Tuesday that New York state Attorney General Eric Schneiderman had written to fantasy sports companies DraftKings ...

(MENAFN - AFP) The legal blow in Europe that removed "Safe Harbor" protection of cross-border data transfers from US tech firms on Tuesday has thrust them into rough water.

The ruling Tuesday by Europe's top court, invalidating the 15 year old Safe Harbor agreement, means that some 4,000 Internet companies ranging from giants such as Apple, Facebook, and Google to startups ...

(MENAFN - AFP) Microsoft unveiled its first Windows 10 smartphones Tuesday as it launched a series of new gadgets in a bid to win a bigger share of the competitive mobile market.

The technology giant's two premium Lumia smartphones take aim at popular devices offered by Apple and Samsung and add a few original features, such as a security tool that unlocks the phone by scanning ...

(MENAFN - AFP) French President Francois Hollande said Tuesday scenes of Air France executives fleeing an angry mob after having their shirts ripped off by striking workers were "unacceptable" and put the country's image at risk.

With the shirt stripped off his back, the struggling airline's human resources manager Xavier Broseta had to escape over a fence with the help of ...

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