Business

Time to create EU single digital market: commissioner 27 Mar 2015 - 05:21 pm

Riga---The European Union must act fast to create a single digital market or risk losing out to the United States and China in...

US economy grew 2.2% in fourth quarter 27 Mar 2015 - 04:55 pm

Washington---The US economy grew at an annual rate of 2.2 percent in the fourth quarter, slowing sharply from the prior quarter, the Commerce...

CNOOC 2014 profit rises 27 Mar 2015 - 04:21 pm

Hong Kong---Chinese state-owned energy giant CNOOC on Friday said profit climbed over six percent last year as it started a spate of new...

Dijsselbloem puts ABN Amro sale on ice over pay hikes 27 Mar 2015 - 03:08 pm

The Hague - Dutch Finance Minister Jeroen Dijsselbloem said Friday he was delaying a decision to sell state-owned bank ABN Amro following much-criticised...

Taiwan leader backs joining China-led infrastructure bank 27 Mar 2015 - 02:38 pm

Taipei - Taiwan's leader said he is in favour of joining the Asian Infrastructure Investment Bank in comments published Friday, making it the...

S.Africa power company fires 1,000 workers at new plant 27 Mar 2015 - 12:56 pm

Johannesburg - State power company Eskom said Friday more than 1,000 workers building South Africa's first new power plant in 20 years have...

Oil prices in Asia slip after recent gains 27 Mar 2015 - 12:43 pm

Singapore - Oil prices fell in Asia Friday, cutting short a recent rally as investors weighed the potential for disruptions in Middle East...

Bundesbank opposes more emergency funding for Greece 27 Mar 2015 - 12:12 pm

Frankfurt - Bundesbank chief Jens Weidmann says he is opposed to giving Greece more emergency loans, charging the new government in Athens with...

European stocks rise at open 27 Mar 2015 - 12:10 pm

London - Europe's main stock markets rose at the start of trading on Friday, with London's benchmark FTSE 100 index climbing 0.19 percent...

Japan furniture magnate fails to oust daughter in family feud 27 Mar 2015 - 12:05 pm

Tokyo - A bitter family feud at a leading Japanese furniture chain took a dramatic turn on Friday as its acid-tongued founder failed...

Swiss UBP buys Coutts, 'bank of the rich and famous' 27 Mar 2015 - 11:45 am

Geneva - Swiss bank UBP announced Friday it would acquire Coutts private bank, which counts Britain's royal family among its rich and famous...

Hong Kong stocks end flat, Shanghai up again 27 Mar 2015 - 11:32 am

Hong Kong - Hong Kong stocks ended marginally lower Friday as another advance in Shanghai was offset by losses on Wall Street and...

Asian shares mixed as Yemen crisis hits sentiment 27 Mar 2015 - 10:44 am

Hong Kong - Asian markets were mixed on Friday in edgy trade as investors track the crisis in Yemen, with fears that unrest...

Yen resumes Yemen crisis rally 27 Mar 2015 - 10:36 am

Tokyo - The yen resumed its rally on Friday after getting a boost in US trade over fears that the Yemen crisis will...

Tokyo stocks close down 0.95% 27 Mar 2015 - 10:23 am

Tokyo - Tokyo stocks dropped 0.95 percent on Friday, hit by profit-taking after another sell-off on Wall Street, with markets also rattled by...

Gulf markets can cope with conflict in Yemen 27 Mar 2015 - 03:29 am

A businessman gazes at share prices on the Tokyo Stock Exchange in Tokyo yesterday. Stock markets worldwide were knocked lower on Yemen worries....

Qatar stock market extends losing streak 27 Mar 2015 - 03:26 am

Oil up after air strikes in Yemen NEW YORK: Oil prices rallied for a second straight day yesterday after Saudi Arabia and its...

Canada's Air Transat requires two people to remain in cockpits 26 Mar 2015 - 08:03 pm

Montreal--Canadian charter airline Air Transat said Thursday it will require two people to remain in its planes' cockpits, after it was revealed the...