Business

Minister urges tax reform as Austria jobless rate jumps 03 Jan 2015 - 12:46 am

VIENNA: Austria’s labour minister yesterday urged the government to push ahead with tax reform to boost growth after the unemployment rate in December...

Brazil’s Rousseff vows to boost economy, tackle graft 03 Jan 2015 - 12:45 am

BRASILIA: Brazilian President Dilma Rousseff kicked off a second term on Thursday, vowing to tackle corruption and revamp the economy as her government...

India raises solar investment target 03 Jan 2015 - 12:45 am

NEW DELHI/BANGALORE: Prime Minister Narendra Modi has ramped up his target for solar energy as he bets on renewables to help meet rising...

Oil hits new five-year low on supply glut 03 Jan 2015 - 12:42 am

New York: Brent crude reversed early gains yesterday to fall to a fresh post-2009 low below $56 a barrel, as a glut of...

China Records 125 IPOs in 2014 02 Jan 2015 - 11:07 pm

Shanghai Stocks Rally after News of Employee Stock Sharing Program Beijing - The Chinese mainland stock market saw 125 initial public offerings (IPO)...

GM shares drop after latest ignition-related recall 02 Jan 2015 - 09:48 pm

GM Fined $35 Million for Ignition-Related Recalls WASHINGTON - General Motors shares fell more than one percent Friday after its latest recall for...

Oil prices hit new lows; gold dips 02 Jan 2015 - 09:45 pm

LONDON - Oil prices extended their slide this week, kicking off the new year with 5.5-year low points, as tepid eurozone demand offset...

European stocks morose at start of year 02 Jan 2015 - 09:02 pm

LONDON - European stock markets and the euro made a morose start to the year on Friday, with the single currency sinking to...

US construction spending falls in November 02 Jan 2015 - 08:14 pm

Cranes stand over a construction site in Miami, Florida WASHINGTON - US spending on construction fell slightly in November from the previous month...

European stocks rise at start of new year 02 Jan 2015 - 08:06 pm

Traders ended the year on a high note as global capital markets recorded biggest annual rise since the onset of the financial crisis...

US manufacturing PMI falls in December 02 Jan 2015 - 07:54 pm

A Chrysler 200 undergoes assembly at the Sterling Heights Assembly Plant in Sterling Heights, Michigan WASHINGTON - Growth in the US manufacturing sector...

Asia stocks up in New Year trade 02 Jan 2015 - 03:28 pm

HONG KONG---Asian markets started 2015 on an upswing in limited trading on Friday, with mainland Chinese stocks surging in Hong Kong on speculation...

France, Spain, Italy bond yields hit fresh historic lows 02 Jan 2015 - 03:11 pm

PARIS---Borrowing rates in France, Spain and Italy fell to fresh historic lows on Friday in thin holiday trading, as investors eyed possible new...

Macau casinos suffer worst year amid anti-graft push 02 Jan 2015 - 02:45 pm

HONG KONG---The world's gambling capital Macau saw its first annual decline in casino revenues in 2014, figures showed Friday, with a corruption crackdown...

Oil prices up in thin New Year trading 02 Jan 2015 - 02:30 pm

SINGAPORE---Oil prices rose Friday in thin Asian trading during the first session of the New Year, as dealers welcomed a larger-than-expected drop in...

Hong Kong stocks open 0.20% higher 02 Jan 2015 - 02:23 pm

HONG KONG---Hong Kong shares rose 0.20 percent at the open on Friday on the first trading session of the New Year. The benchmark...

GM adds another 92,000 vehicles to ignition switch recall 02 Jan 2015 - 02:18 pm

WASHINGTON---General Motors on Thursday announced a recall of more than 92,000 additional vehicles over ignition switch problems blamed for 42 deaths. The largest...

QE index gains 18.36pc in 2014 amid volatility 02 Jan 2015 - 02:28 am

DOHA: Weathering a volatile market cycle, Qatari bourse gained 18.36 percent in 2014, outperforming other regional markets. Despite falling oil prices and geopolitical...