China manufacturing hits 15-month low

A key gauge of Chinese manufacturing activity tumbled to a 15-month low in July, an independent survey showed, throwing a pall over growth in the world's second-largest economy.

McDonald's earnings falls

McDonald's reported lower quarterly earnings Thursday behind a drop in comparable sales and declining traffic in all major segments.

UAE to scrap fuel subsidies

Leading oil producer the United Arab Emirates will scrap subsidies on petrol and diesel from August to cut spending as low crude prices hit revenues, the energy ministry said Wednesday.

Toshiba chief, execs, quit over scandal

The president of Toshiba and seven other executives resigned Tuesday over a $1.2 billion accounting scandal blamed on their overzealous pursuit of profit that has battered one of Japan's best-known firms.