Volkswagen reached a landmark agreement with workers to cut as many as 30,000 jobs globally and save €3.7bn ($3.9bn) in expenses as the company tries to claw back from the emissions-cheating scandal and invest in electric vehicles.

Malaysia’s Petroliam Nasional will be ready to decide whether to proceed with a proposed $27bn liquefied natural gas plant on Canada’s Pacific Coast by April, according to Rich Coleman, British Columbia’s minister of natural gas development.

The yuan’s forecasters are turning more bearish. The Chinese currency will weaken to 7 against the greenback – a level unseen since before the global financial crisis – in the first half of next year, according to 14 of 16 analysts and traders surveyed by Bloomberg this week.

Indian shares ended lower yesterday, after fluctuating earlier in the session...

Morgan Stanley is turning more bearish on the yen after reversing a bullish call as the currency failed to strengthen past 100 per dollar in September.

Chinese stocks will extend gains beyond a recent bull rally, supported by a strengthening economy and improving corporate earnings.

Qatar Stock Exchange (QSE) defied the overall bullish trend in the Gulf equity markets as it closed in the negative with midcap equities bearing the brunt most during the week.

Volkswagen and its powerful labour unions agreed to cut 30,000 jobs at the core VW brand in exchange for avoiding forced redundancies in Germany until 2025.

An investigation is under way after one set of landing gear on an Emirates Airbus A380 failed to deploy properly before landing, forcing the world's largest airliner to touch down on its remaining wheels.

Opec will complete an accord to cut production this month, while stopping short of setting the individual country limits needed to make the deal work, according to a Bloomberg survey.

Sagging international sales held down total revenues and hit profits for retail giant Wal-Mart Stores in the third quarter, the company reported yesterday.

The Federal Reserve could raise US interest rates “relatively soon,” Fed chair Janet Yellen said yesterday as data showing a surge in housing starts and uptick in inflation underscored her upbeat assessment of where the country stands.