Japan Airlines Corp filed for bankruptcy protection on Tuesday, owing more than $25 billion, and vowed to slash 15,700 jobs and unprofitable routes as it tries to survive volatile fuel costs and fickle flyers. JAL,

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India's economic growth will accelerate this year, India's Minister of Commerce and Industry said as he demanded better access to China's markets to help exports. Anand Sharma's call for greater access for Indian goods comes

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Saudi Kayan Petrochemical Co said on Tuesday it has awarded Taiwan's CTCI Corp a deal to manage the construction of a 210,000 tonne per year (tpy) amines plant at its mega complex. Mutlaq al-Morished, Kayan's

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The European Union and rating agencies piled pressure on Greece's government on Tuesday to quickly implement budget cuts but the agencies sounded cautiously optimistic over plans to fix public finances. Standard & Poor's and Moody's

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German investor sentiment fell for the fourth month running as Europe's biggest economy braced for a "burdensome and long" recovery, the ZEW economic research institute said on Tuesday. Foreign exchange traders sold the euro on

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Sweden called on Tuesday for a European tax on banks similar to a new US scheme, in a bid to fix broken public finances and build a buffer against future financial crises. Finance Minister Anders

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The discovery of 5 billion tonnes of new iron ore reserves in 2009 could give China an edge during this year's benchmark price talks with foreign suppliers, China's Ministry of Land and Resources said. However

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British luxury goods group Burberry smashed third-quarter sales forecasts and predicted annual profit towards the top end of market expectations, adding to evidence the rich are spending again. The 154-year-old maker of upmarket raincoats and

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China on Tuesday reaffirmed that it will maintain "reasonable growth" in credit and money supply, and stick with proactive fiscal policies to expand domestic demand. China would also curb speculative property investment and take steps

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Profits at China's state-owned firms rose 9.8 percent in 2009, the Ministry of Finance said on Tuesday, reporting the first 12-month period of positive growth since late 2008, when corporate earnings were hit hard by

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