SoftBank mobile unit in record IPO but flops on market debutJapanese technology giant SoftBank raised a record amount for its mobile unit in the world's second-biggest ever IPO but the shares plunged in a disappointing debut trading session on Wednesday. A spo...
Croatia’s shipbuilders struggle to stay afloatLate wages, mass strikes, scrapped contracts -- Croatia's once-thriving shipbuilding sector is sinking, in one of the last gasps of the region's communist-era industrial giants. The towering cranes lo...
End of an era as Germany’s last black coal mine closesGermany will close its last black coal mine on Friday, turning the page on two centuries of mining history in the Ruhr region that helped fuel the country's post-war "economic miracle". Although the e...
GSK, Pfizer to merge consumer healthcare unitsPharmaceutical giants GlaxoSmithKline and Pfizer on Wednesday announced a merger of their consumer healthcare units that produce over-the-counter medicines. GSK said it would have a 68-percent control...
Japan exports slow to crawl as global growth, trade woes dim outlookJapan's export growth slowed to a crawl in November as shipments to the United States and China weakened sharply, in a sign slowing external demand and a Sino-US trade dispute may leave the world's th...
Asian business confidence wallows near three-year low on trade worriesA very cautious optimism remains among Asian companies in the fourth quarter as they wait to see whether there will be any breakthrough in a trade dispute between the United States and China, a Thomso...