China and South Korea sign FTA allowing preferential tariffs for products from Kaesong industrial park
FTA allows preferential tariffs for 310 products manufactured in industrial park located in North Korea's border town of Kaesong.
Citigroup likely to shut down Banamex USA over weak money laundering controls
Banamex USA has been accused of its weak money laundering controls and is facing number of probes.
Nestle India faces criminal complaint over high lead levels in Maggi two-minute noodles
Food-safety officials registered complaint against Nestle India, while Uttarakhand Food Safety Department initiated probe.
China manufacturing sector contracts on weak output, but Japan expands on improved operating conditions
HSBC China manufacturing PMI rose to 49.2 in May from 48.9 in April, while Japan PMI surged to 50.9 in May from 49.9.
Intel to announce $17bn offer for Altera as semiconductor sector consolidates
Intel is offering $54 per Altera share, representing 56% premium to stock price before deal was reported.
Morrisons board to be grilled by shareholders over £1m bonus to sacked CEO Dalton Philips
Sources told Sky News that they expected around 20% of votes to be cast against company's pay report.
Stifel Financial in advanced talks to buy Barclays' US wealth management unit
Deal could come as early as next week if parties agree on terms.
Snapchat raises $537.6m via common stock sale at $16bn valuation
Investors in latest funding round include Chinese e-commerce company Alibaba Group Holding and US hedge funds.
Brics' New Development Bank to be launched at summit in Russia
Group's summit at Russia's Ufa in July would launch bank along with currency reserve pool, according to Vladimir Putin.
One World Trade Center: Amazing 11-year timelapse shows construction of New York's tallest tower
One World Trade Center, the tallest skyscraper in the Western Hemisphere at 1,776 feet, is opening a new observatory to the public on 29 May.
Intel not bidding for Broadcom and close to buying smaller rival Altera for $15bn
Chipmaker Avago Technologies earlier agreed to buy rival Broadcom in cash-and-stock deal valued at $37bn.
Austria to repatriate £3.5bn of gold reserves in Britain
Austrian National Bank also plans to move some gold to Switzerland.
India business sentiment falls back to pre-Modi level
MNI India Business Sentiment Indicator, gauge of current sentiment among BSE listed companies, fell by 2.5% to 62.3 in May from 63.9 in April.
Fifa corruption probe: A look at federation's booming revenues in recent years
Buoyed by success of 2014 World Cup, Fifa generated record $2bn in revenue in 2014.
Apple reclaims world's most valuable brand title from Google
Driven by success of iPhone 6 and 6 Plus, Apple's brand value soars 67% to $247bn in 2015.
Yahoo to face class action lawsuit over alleged email snooping
Yahoo is accused of scanning mails from non-Yahoo users to create targeted advertising scheme.
Charter Communications to pay $78.7bn for Time Warner Cable in mammoth US cable deal
Charter is also acquiring Bright House Networks for $10.4bn.
IMF: Chinese yuan is no longer undervalued
IMF says appreciation over past year has normalised exchange rate of yuan.
Twitter considers buying Flipboard for $1bn
Discussions seem to be currently stalled, tech blog Re/Code reports.
Malaysia Airlines expected to axe up to 8,000 jobs in painful restructuring
MAS will be rebranded and restructured into new company, which CEO Christoph Mueller says will be like a 'start-up'
Charter Communications and Time Warner Cable nearing $55bn deal to create 2nd biggest US cable operator
Charter is also expected to announce its acquisition of Bright House Networks for $10.4bn.
Hydrogen explosion threat at Japan's Fukushima nuclear plant due to leaking containers
Tepco reports 26 containers storing radioactive water are leaking.
Amazon starts booking revenues in individual European countries
As of now, company has rolled out accounting changes in UK, Germany, Italy and Spain, The Wall Street Journal reports.
Counterfeit products: Alibaba 'highly unlikely' to take proactive steps to end grey/black market
Reuters separately reported that Alibaba is working with 17 shoe manufacturers in Fujian province to cultivate home-grown brands online.
Audi unveils self-driving car R8 e-tron in China enabling web browsing while in transit
Audi's introduction of connected car in China comes as demand for luxury cars deteriorates in China.
US Senate rejects bill to end NSA bulk collection of phone records
Bill was voted 57-42, three votes short of 60-threshold required.
Microsoft's deal talks with Salesforce failed over $15bn price gap
While Microsoft was willing to offer about $55bn, Salesforce was expecting as high as $70bn, CNBC reports.
Target's $19m settlement with MasterCard over data breach falls through
Fewer than 90% of affected financial institutions accepted proposal.
GM likely to face over $1.2bn fine as US finds criminal wrongdoing in ignition switch defect
US Justice Department has identified criminal wrongdoing in General Motors' failure to disclose defect, and is negotiating hefty penalty.
Traditional energy firms to go extinct with solar power becoming as cheap as coal
Technological advancements in production of solar panels would make solar power as cheap as coal, says John Straw, author of iDisrupted.
