The People's Bank of China said it was confident about the country's financial system stability.

IMF says Chinese banks need more capital

Chinese policymakers should prioritise financial stability over economic growth while the country's banks must gradually increase their capital in order to reduce risk, the International Monetary Fund has recommended in a new report.

Protesters near the US Consulate in Istanbul. Condemnation of Donald Trump's decision on Jerusalem has spread around the ...

UN, EU, Pope criticise Trump's Jerusalem move

A chorus of international leaders criticised the Trump administration's decision to officially recognise Jerusalem as the capital of Israel, calling it a dangerous disruption that contravenes UN resolutions and could inflame one of the world's thorniest conflicts.

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Steinoff's offices in western Sydney. The company has operations in 30 countries.

Prosecutors probe for ‘inflated revenue’ at Steinhoff

Shares in the South African-headquartered, Frankfurt-listed company plunged more than 60 per cent on Wednesday to €1.10 after it delayed its financial results and disclosed it had hired PwC to probe "accounting irregularities".

Motorists on Highway 101 watch flames from wildfires leap above the roadway north of Ventura, California.

Urban wildfire destroys homes in Los Angeles

As fires raged out of control across Southern California, a new blaze erupted in the Bel-Air neighbourhood of Los Angeles, near iconic landmarks like the UCLA campus and the Getty Museum, home to old masters paintings and ancient Roman statues.

VW boss gets 7 years in US prison

The sentencing of Oliver Schmidt, a former Volkswagen manager in Michigan, is the latest turn in a vast scandal that has tarnished the compa...