Business

Washington Auto Show 24 Jan 2015 - 02:52 am

A 2015 Chevrolet Corvette Z06 convertible is seen at the press day for the Washington Auto Show in Washington yesterday.

Hutchison in talks to by Britain’s O2 24 Jan 2015 - 02:52 am

A woman speaks on her mobile telephone outside an O2 shop in Loughborough, central England yesterday. Hong Kong: Hong Kong tycoon Li Ka-Shing’s...

Russia faces $40bn battle to stave off banking crisis 24 Jan 2015 - 02:51 am

MOSCOW: Russia may have to spend more than $40bn this year to avert a banking crisis, as the growing likelihood of a sharp...

Expedia buys Travelocity for $280 million 23 Jan 2015 - 08:31 pm

New York - Expedia said Friday it is buying rival Travelocity in a $280 million deal merging two of the largest online travel...

US existing-home sales pick up in December 23 Jan 2015 - 07:18 pm

Washington---US existing-home sales rebounded in December from a November slump, led by gains in the key single-family home sector, the National Association of...

Russians ready to eat less in crisis, united round Putin 23 Jan 2015 - 06:49 pm

Russian Deputy Prime Minister Igor Shuvalov Davos, Switzerland---Russians are ready to ride out the current economic crisis, even by eating less food, and...

US stocks slip after ECB-driven rally 23 Jan 2015 - 05:49 pm

New York---US stocks opened mostly a tick lower Friday after Thursday's big jump on the back of a larger-than-expected stimulus program from the...

ECB stimulus will boost China's exports: official 23 Jan 2015 - 05:27 pm

Beijing - A senior Chinese official welcomed the European Central Bank's quantitative easing measures on Friday, saying they will help boost the eurozone...

Canada inflation slows to 1.5% in December 23 Jan 2015 - 05:19 pm

Ottawa---Plummeting gasoline prices continued to keep inflation in check for a second month in a row, the government statistical agency said Friday. Canadians...

Euro ticks up in Asia after plunging on ECB stimulus 23 Jan 2015 - 05:02 pm

Tokyo - The euro edged higher Friday but remained under pressure after sinking to its lowest level in more than a decade after...

Tokyo stocks up 0.84% by break after ECB stimulus 23 Jan 2015 - 04:54 pm

Tokyo - Tokyo stocks rose 0.84 percent Friday morning after European and US markets rallied on the European Central Bank's announcement of a...

Australian dollar drops to 5.5-year low after ECB move 23 Jan 2015 - 04:22 pm

Sydney - The Australian dollar Friday fell below 80 US cents for the first time since July 2009, as the US dollar rallied...

Oil surges after Saudi King's death, ECB move 23 Jan 2015 - 04:13 pm

Singapore - Oil prices surged Friday following the death of Saudi Arabia's King Abdullah, with investors watching to see if the country will...

Hong Kong stocks rally 1.37% in early trade 23 Jan 2015 - 02:50 pm

Hong Kong - Hong Kong shares surged 1.37 percent in the first few minutes of trade Friday after the European Central Bank unveiled...

China shares higher in morning trade 23 Jan 2015 - 02:45 pm

Shanghai - Chinese shares were higher in morning trade Friday ahead of the release of preliminary manufacturing data for January, dealers said. The...

ECB launches €1 trillion rescue plan 23 Jan 2015 - 02:14 am

ECB President Mario Draghi addresses a conference in Frankfurt yesterday. FRANKFURT: The European Central Bank took the ultimate policy leap yesterday, launching a...

US jobless claims fall after strong surge 22 Jan 2015 - 05:18 pm

Washington--New claims for US unemployment insurance benefits, an indicator of the pace of layoffs, fell last week after a surge the prior week,...

New UK criminal penalties for energy market abuse could start in April 22 Jan 2015 - 05:15 pm

LONDON-- New penalties for energy market abuse, including potential prison terms for people who manipulate the gas and electricity markets, could come into...