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Iran's Zagros Airlines commits to buying 28 Airbus aircraft


Iran's Zagros Airlines has signed a memorandum of understanding (MoU) to buy 28 new Airbus (AIR.PA) planes, comprising 20 A320neo jets and eight A330neo aircraft, Airbus said in a statement.

Tokyo rallies on weak yen but most Asia markets struggle


Tokyo's Nikkei rallied Tuesday as the dollar extended gains against the yen on fresh indications the Federal Reserve will lift interest rates again this year, while technology firms tracked a sector rebound on Wall Street.

China central bank plans fresh incentives to support green financing


China's central bank plans to step up support for "green" financing, including incentives to encourage banks to extend more loans for projects friendly to the environment, a deputy governor, said on Friday.

Russia's economy expands despite Western sanctions: Putin


Western sanctions on Russia have had only a limited effect and the country's economy has even partly benefited from them, Russian President Vladimir Putin said Thursday.

Rio Olympics price tag at $13.2 bln as gov't reuse of facilities


The cost of last year's Rio Olympics has risen to 13.2 billion US dollars, around 4.4 billion US dollars more than originally planned, according to figures published by the federal agency for Olympic legacy (AGLO) on Wednesday.

German Finance Minister urges ECB to change policy soon


German Finance Minister Wolfgang Schaeuble said on Tuesday the European Central Bank needed to exit its current monetary policy "in a timely manner", warning that very low interest rates had caused problems in some parts of the world.

IMF raises Italy growth forecast, but sees ongoing risk


The International Monetary Fund (IMF) on Monday revised upwards its economic growth forecast for Italy, from 0.8 percent to 1.3 percent this year.

Ethiopia introduces first smart parking system in Africa


Addis Ababa has introduced Africa's first smart parking system to solve the lack of parking spaces for hundreds of thousands of cars in the city.

Western Digital to raise Toshiba chip offer to $18 billion or more


Western Digital Corp (WDC.O) plans to raise its offer for Toshiba Corp's (6502.T) prized semiconductor unit to 2 trillion yen ($18 billion) or more, a person familiar with the matter said, marking a last-ditch effort to clinch a deal that both companies consider vital.

Biggest Chinese overseas acquisition completed at 43 billion US dollars


Chinese state-owned chemical giant, ChemChina, announced Thursday it has finalized its 43 billion US dollars acquisition of Swiss agribusiness giant Syngenta.