Business

'Grexit' poses medium-term risks to euro: Italy 22 May 2015 - 03:09 pm

Rome---Greece crashing out of the euro, or 'Grexit', doesn't pose a short-term risk to the shared European currency but a medium-term one as...

Oil falls back on profit-taking 22 May 2015 - 03:00 pm

London---Global oil prices fell on Friday, unwinding recent sharp gains that were fuelled by hopes that a global supply glut could end soon,...

Goldin stocks rise after Hong Kong collapse 22 May 2015 - 02:21 pm

Hong Kong - Hong Kong-listed property, finance and wine trading conglomerate Goldin bounced back Friday, a day after its stocks plunged more than...

Hong Kong, Shanghai stocks rise by break 22 May 2015 - 02:14 pm

Hong Kong - Hong Kong and Shanghai shares rallied Friday on hopes for further Chinese stimulus after another indicator suggested the mainland economy...

Yen edges up after Bank of Japan holds fire on stimulus 22 May 2015 - 02:09 pm

Tokyo - The yen inched higher against the dollar on Friday as the Bank of Japan (BoJ) held fire on more easing measures...

Bank of Japan holds fire on stimulus after upbeat GDP data 22 May 2015 - 01:52 pm

Tokyo - The Bank of Japan on Friday held fire on launching more stimulus, days after official data showed the world's number three...

Oil prices slip in Asian trade 22 May 2015 - 01:19 pm

Singapore - Oil prices fell in Asia Friday, unwinding sharp gains in the previous session that was fuelled by hopes that a global...

Tokyo stocks down 0.15% by break 22 May 2015 - 12:52 pm

Tokyo - Tokyo stocks fell 0.15 percent Friday morning on profit-taking following recent gains to 15-year highs, as investors awaited the outcome of...

Asia stocks mostly up, early US rate hike unlikely 22 May 2015 - 12:44 pm

Hong Kong - Asian markets mostly rose Friday morning following another record close on Wall Street as the likelihood of a US interest...

Hong Kong stocks open 0.73% higher 22 May 2015 - 12:22 pm

Hong Kong - Hong Kong stocks rose 0.73 percent in the first few minutes of trade Friday following another record close on Wall...

Tokyo stocks open flat 22 May 2015 - 11:57 am

Tokyo - Tokyo stocks opened flat on Friday after Wall Street saw modest gains, as investors awaited the outcome of the Bank of...

Pound gains on strong April consumer data 22 May 2015 - 10:37 am

New York - The British pound picked up on rival currencies Thursday backed by a strong report on consumer spending in April, while...

Canadian class actions against Takata over airbags to expand 22 May 2015 - 10:19 am

Ottawa - A Canadian law firm said Thursday it planned to expand its class actions against embattled Japanese auto parts giant Takata and...

HP sells stake in China unit for $2.3 billion 22 May 2015 - 10:08 am

New York - Hewlett-Packard announced Thursday it was selling a 51 percent stake in its China-based server business, creating a joint venture with...

QE index falls 72.37 points past week, Ezdan gains 22 May 2015 - 12:38 am

DOHA: Qatar Exchange (QE) main index lost 72.37 points, or 0.58 percent, during the past week to close at 12,443.49 points yesterday. The...

Deutsche Bank boosts Anshu Jain in shakeup, investors object 22 May 2015 - 12:35 am

Demonstrators with masks and signs written with ‘this economy kills’ protest against Deutsche Bank’s actions and work at the start of the shareholders’...

Japan unveils $110bn for Asia infrastructure 22 May 2015 - 12:34 am

TOKYO: Japan unveiled a plan to provide $110bn in aid for Asian infrastructure projects, as China prepares to launch a new institutional lender...

Anti-WTO protest in Manila 22 May 2015 - 12:33 am

Farmers hold anti-WTO placards during a rally in front of the Department of Agriculture office in Manila yesterday, ahead of a speech by...