Business

Sri Lanka reviews land transfer to China 21 Feb 2015 - 02:12 am

Sand is being dredged from the sea and sprayed during reclamation at a Chinese investment “Colombo Port City” in Colombo yesterday. COLOMBO: Sri...

Oil seesaws, heating oil spikes as cold hits US refining 21 Feb 2015 - 02:10 am

NEW YORK: Oil seesawed yesterday while heating oil hit a more than four-month high as severe cold weather crimped output at three US...

Job-hunting rally in Japan 21 Feb 2015 - 02:08 am

Japanese college graduates shout in a display of self-encouragement during a job-hunting rally at an outdoor theatre in Tokyo yesterday. Some 1500 graduates...

Greece reaches draft accord with creditors 21 Feb 2015 - 01:58 am

Spanish Minister of Economy Luis de Guindos (left) and Greek Finance Minister Yanis Varoufakis at the start of a special Eurogroup meeting of...

US stocks fall as market eyes Greece talks 20 Feb 2015 - 07:26 pm

New York - US stocks dropped early Friday as markets eyed talks between Greece and the eurozone on extending a bailout program that...

Mexico's Carstens named head of IMF policy body 20 Feb 2015 - 06:38 pm

Washington---Bank of Mexico Governor Agustin Carstens was named Friday to be the new head of the powerful policy advisory committee of the International...

Cameron unveils £859m warship contract for BAE Systems 20 Feb 2015 - 06:21 pm

London---Prime Minister David Cameron on Friday unveiled an £859 million (1.2 billion euro, $1.3 billion) contract for BAE Systems to build new warships...

Eurozone business activity hits seven-month high 20 Feb 2015 - 06:02 pm

Brussels - Eurozone business activity hit a seven-month high in February, extending gains despite concerns over the Greek debt crisis as the economy...

Dow, S&P 500 dip as market eyes Greece talks 20 Feb 2015 - 05:53 pm

New York---The Dow and S&P 500 opened slightly lower Friday as markets eyed talks between Greece and the eurozone on extending a bailout...

Political uncertainty hits Nigeria stocks, currency 20 Feb 2015 - 05:50 pm

Lagos---The postponement of Nigeria's general election has hit the country's faltering economy, adding to existing pressures caused by the global fall in oil...

Portugal backs Germany on debt deal for Greece 20 Feb 2015 - 05:46 pm

Frankfurt - Portuguese Finance Minister Maria Luis Albuquerque insisted in a German newspaper interview on Friday that Greece must fulfil the current conditions...

European stocks open lower before Greece talks 20 Feb 2015 - 05:25 pm

London - Europe's main stock markets opened lower on Friday as eurozone members prepared for crunch talks with Greece on a renegotiation of...

Benetton bows to Rana Plaza pay up campaign 20 Feb 2015 - 05:12 pm

Rome---Italian fashion retailer Benetton has agreed to pay into an international compensation fund for victims of the Rana Plaza factory collapse in Bangladesh...

European stocks mixed before Greece talks 20 Feb 2015 - 04:24 pm

London---European stock markets diverged on Friday as eurozone members prepared for crunch talks with Greece on a renegotiation of the country's bailout terms....

Tokyo extends rally but euro falters on Greek debt talks 20 Feb 2015 - 04:18 pm

Hong Kong---A weaker yen helped Japan's Nikkei extend a recent rally a day after closing at a 15-year high in the previous session,...

Oil prices recover slightly in Asia 20 Feb 2015 - 04:15 pm

Hong Kong - Oil prices climbed Friday, recovering slightly from a sell-off caused by news that US stockpiles had reached record highs, adding...

Britain defends response to HSBC tax scandal 20 Feb 2015 - 03:53 pm

London---British finance minister George Osborne on Friday defended his government's response to the scandal engulfing London-based HSBC bank, saying the matter should be...

Berlin says Greek request a 'starting point' for more talks 20 Feb 2015 - 03:50 pm

Berlin---The German government appeared to open the door to a last-minute deal between Athens and its creditors, saying Friday that Greece's request for...