Business

China finally gets official PlayStations, minus some games 20 Mar 2015 - 03:18 pm

Shanghai - Japanese electronics giant Sony on Friday launched its PlayStation gaming console in China, where authorities impose strict controls on content, but...

Greece in new race against time to get bailout on track 20 Mar 2015 - 03:16 pm

Prime Minister Alexis Tsipras Athens---Greece was in a new race against time on Friday to get its EU-IMF bailout on track, with its...

Oil prices mixed in Asian trade 20 Mar 2015 - 03:10 pm

Singapore - Oil prices were mixed in Asia Friday, with analysts warning of further downward pressure owing to a global oversupply and a...

Land Rover recalls 36,000 SUVs after China media criticism 20 Mar 2015 - 03:00 pm

Beijing - Jaguar Land Rover is recalling more than 36,000 cars from China, it said, after it was criticised by state television over...

Taiwanese Foxconn manager caught stealing 'thousands' of smartphones 20 Mar 2015 - 02:36 pm

Taipei - A senior manager at Taiwan's technology giant Foxconn has admitted stealing thousands of smartphones, prosecutors said Friday, in a racket that...

Indonesia's Widodo to visit Japan, China seeking investment 20 Mar 2015 - 02:34 pm

Jakarta - Indonesian President Joko Widodo will kick off a visit to Japan and China at the weekend, an official said Friday, seeking...

British bank TSB agrees takeover from Spain's Sabadell 20 Mar 2015 - 02:20 pm

London - TSB, a division of Britain's bailed-out lender Lloyds Banking Group, has accepted a £1.7 billion takeover from Spanish bank Sabadell, the...

Euro up after Greece agreement, Shanghai surges again 20 Mar 2015 - 02:15 pm

Hong Kong - The euro pushed higher Friday after Greece's promise to provide new plans to reform its bailout, while Shanghai stocks continued...

European stocks rise in opening deals 20 Mar 2015 - 01:18 pm

London - Europe's main stock markets advanced at the start of trade on Friday, with London's benchmark FTSE 100 index up 0.27 percent...

Hong Kong stocks close down 0.38% 20 Mar 2015 - 01:17 pm

Hong Kong - Hong Kong stocks ended 0.38 percent lower Friday as investors booked profits from a two-day rally, while Shanghai added almost...

Fukushima reactor test offers detailed look inside 20 Mar 2015 - 01:06 pm

Tokyo - Confirmation this week that all the fuel inside one of Fukushima's broken reactors has long-since melted leaves the site's Japanese operator...

Two years on, BoJ chief says war on deflation 'very challenging' 20 Mar 2015 - 01:01 pm

Tokyo - The head of the Bank of Japan on Friday acknowledged that Tokyo's attempt to conquer years of deflation had been "very...

OECD chief welcomes European participation in China-backed bank 20 Mar 2015 - 12:53 pm

Beijing - The head of the OECD on Friday welcomed major European countries' participation in a new China-backed infrastructure bank, saying it would...

Tokyo investors eye US housing, Japan inflation next week 20 Mar 2015 - 12:49 pm

Tokyo - US housing sales and Japanese inflation figures are among the data that Tokyo investors will focus on next week as the...

Lafarge and Holcim repair cracks in deal to create world's top cement company 20 Mar 2015 - 12:39 pm

Paris - Lafarge and Holcim said Friday that they had repaired cracks that had threatened to collapse their merger to create the world's...

China shoppers gain appetite for Chanel on euro drop 20 Mar 2015 - 12:34 pm

Shanghai - Chinese shoppers are mobbing Chanel stores and counting their savings after the French fashion house slashed handbag prices in the world's...

Kuwait can withstand oil slide: QNB 19 Mar 2015 - 10:45 pm

Doha: Kuwait is well placed to withstand lower international oil prices with strong macroeconomic fundamentals and the lowest breakeven oil prices among the...

QE index loses 4.61pc past week 19 Mar 2015 - 10:43 pm

DOHA: Qatar Exchange (QE) main index fell 4.61 percent, or 556.89 points, during the past week to close at 11,523. The decline was...