Galaxy phones power Samsung to record $5.2 billion profit
Samsung Electronics made a record $5.2 billion profit in the first quarter, overhauling Nokia as the world's top mobile phone seller, and its Galaxy smartphones outstripped Apple's iPhone at the high end of the market.
Standard & Poor's on Thursday cut its credit rating on Spain by two notches, citing expectations the government finances will deteriorate even more than previously thought as a result of a contracting economy and an ailing banking sector.
Britain in recession, intensifying government woes
Britain's economy has fallen into its second recession since the financial crisis after an shock contraction at the start of 2012, heaping pressure on Prime Minister David Cameron's government as it reels from a series of political missteps.
Miners urge Kazakhstan to remove investment barriers
Mining companies active in Kazakhstan urged authorities on Thursday to remove bureaucratic hurdles to investment in order to encourage overdue exploration of prospective metals deposits in the Central Asian state.