Business

British discounter Poundland buys rival 06 Feb 2015 - 02:50 pm

London---Britain's Poundland on Friday snapped up rival group 99p Stores for £55 million ($84 million, 74 million euros) in a deal underlining the...

Tokyo investors look to support for share prices next week 06 Feb 2015 - 01:08 pm

Tokyo - Tokyo investors are optimistic about next week following a rash of strong corporate earnings reports in Japan, and as fears of...

Siemens says to cut 7,800 jobs, including 3,300 in Germany 06 Feb 2015 - 12:46 pm

Berlin - German engineering giant Siemens said Friday it was slashing 7,800 jobs worldwide, more than 3,000 of them in Germany, as part...

Hong Kong shares end 0.35% lower 06 Feb 2015 - 12:26 pm

Hong Kong - Hong Kong stocks slipped 0.35 percent Friday as a rally on Wall Street was offset by a sell-off in Shanghai...

Hong Kong stocks down 0.28% by midday 06 Feb 2015 - 12:18 pm

HONG KONG - Hong Kong shares fell 0.28 percent by the break Friday, giving up early losses as investors cautiously watch debt talks...

Euro holds up on relief over Greek bank funding 06 Feb 2015 - 09:53 am

Tokyo - The euro held up against the dollar in Asia on Friday after rallying on assurances Greek banks will get emergency funding....

Tokyo stocks close 0.82% higher 06 Feb 2015 - 09:33 am

Tokyo - Tokyo stocks closed 0.82 percent higher Friday, boosted by sharp gains on Wall Street and reassurances from the European Central Bank...

Oil extends gains in Asian trade 06 Feb 2015 - 09:29 am

Singapore - Oil prices extended gains in Asia Friday as volatile trading continued unabated, with dealers divided on whether the beaten-down commodity has...

Qatari stocks extend winning streak 06 Feb 2015 - 04:12 am

DOHA: Qatar Exchange (QE) extended its rally for the fifth straight session yesterday, lifting the benchmark index to almost two-month high. The index...

ECB restricts Greek banks’ access to cash 06 Feb 2015 - 04:11 am

Greek Finance Minister Yanis Varoufakis (second right) and German Finance Minister Wolfgang Schaeuble (left) arrive for a news conference following talks at the...

European stocks retreat on Greek debt clash 05 Feb 2015 - 08:09 pm

London--Europe's stock markets pulled back Thursday after the ECB restricted Greek banks' access to a key source of cash and Germany signalled its...

Canada trade deficit widens in December 05 Feb 2015 - 08:06 pm

Ottawa--Canada's trade deficit widened in December to Can$649 million (US$520 million) as a rise in imports outpaced export growth, the government statistical agency...

Ukraine currency tanks as central bank loosens grip 05 Feb 2015 - 08:03 pm

Kiev,--Ukraine's hryvnia plummeted to a record low against the dollar Thursday after the central bank cancelled its daily foreign exchange auctions. The battered...

Despite US fine, BNP Paribas turns 2014 profit 05 Feb 2015 - 08:01 pm

Paris--BNP Paribas surmounted the 6.6 billion euro ($8.9 billion) fine imposed by US authorities to post profits in 2014, the French bank said...

Pfizer buys Hospira in $17 billion deal 05 Feb 2015 - 07:57 pm

New York--US pharmaceutical giant Pfizer will expand its line of drugs and therapies with the $17 billion takeover of Hospira, the two companies...

India's Tata Motors profit falls more than 25 percent 05 Feb 2015 - 07:55 pm

Mumbai--Tata Motors, India's largest car manufacturer, reported a 25.5 percent drop in quarterly net profit on Thursday as earnings from its luxury British...

Denmark cuts deposit rate further below zero to defend euro peg 05 Feb 2015 - 07:54 pm

Copenhagen--Denmark's central bank cut its deposit interest rate further Thursday and said there was "no upper limit" to its foreign currency interventions aimed...

European stocks close flat 05 Feb 2015 - 07:50 pm

Paris--Europe's main stock markets closed essentially flat on Thursday, with London's FTSE 100 drifting up 0.09 percent to 6,865.93 points. Frankfurt's DAX 30...