ECONOMY

IBTimes UK takes a look at the US' Silicon Valley's rival in China; Tianfu Software Park in Chengdu.

China's industrial company profits surge, increasing hopes of economic recovery.

French minister Arnaud Montebourg accuses ArcelorMittal of breaking promises.

The OECD has lowered its growth forecast for the global economy and expects the Eurozone to sink deeper into recession next year unless the region's leaders moderate their plans for deep government spending cuts.

India's state-owned oil firm ONGC plans to buy ConocoPhilip's 8.4 percent stake in Kashagan oil field in Kazakhstan

The eurozone finance ministers and the IMF agree on a €40bn debt reduction and about €43.7bn fresh loans for Greece, despite conflicting views.

The Canadian central banker and former Goldman dealer has one of the few untarnished reputations in global finance.

Ex-Goldman Sachs man Carney, current governor of the Bank of Canada, will take over Sir Mervyn King's role in July 2013.

IBTimes UK takes an exclusive look at the significant switch in auto industry trend in China

Chancellor's autumn statement looks set to effectively admit economic failings - is it time for George Osborne to go?

In unrivalled special coverage in Chengdu, IBTimes UK speaks with the vice president of Cisco's rival, Maipu Group.

FSA identifies systems and controls failings after investigation into Adoboli scandal and fines bank.

George Osborne may have to scrap 'unrealistic' debt target for UK, says thinktank.

Investors fear new political turmoil as demonstrators plan more protests in Cairo.

Qatar Holding monetised its remaing warrants in Barclays as the bank faces investigations by FSA and SFO into transactions dating back to 2008.

E-commerce sales surge over US holiday season as consumers flock to web retailers.

Six Samsung products including the Galaxy Note II and Jelly Bean-run Galaxy S3 are likely to be added in a multi-billion dollar lawsuit between Samsung and Apple.

Growth in tourism has allowed the emirate to revive its stalled development projects.

Japanese car-makers look to boost their China business as anti-Japanese sentiments appear to ease.

Leaders fail to reach agreement on cuts in €1 trillion budget summit and look set to reconvene in early 2013.

South Wales site of Port Talbot to take bulk of employment hit but new blast-furnace plants could add jobs in 2013

Fears over mad cow disease from BSE-infected beef led to 16-year Russian ban on imports of British product.

Wal-Mart's joint venture with Bharti has suspended five members of its legal team as India's government still faces troubles with its FDI in retail policy.

EU approved the merger between Glencore and Xstrata but the deal is yet to be okayed by China and South Africa

Optimism among German business leaders rises even as growth slows and Eurozone crisis continues

Budget negotiations could end without final deal as officials fail to reach consensus on spending cut levels.

UBS at risk of huge FSA fine for failure to detect unauthorised trades of jailed Kweku Adoboli.

Deputy Bank of England governor says delay to Vickers-inspired banking reforms damaging in all sorts of ways.

The focus on David Cameron's veto threat misses the bigger - and shameful - picture: If the Eurozone can't agree on a €30bn Greek rescue, how will it lead consensus on a €1tn EU budget?