Business

LG offices raided over washing machine row 27 Dec 2014 - 01:48 am

SEOUL: South Korean prosecutors raided the Seoul headquarters of LG Electronics yesterday following allegations that the firm’s executives vandalised their rival Samsung’s washing...

China business regulator under probe for graft 27 Dec 2014 - 01:40 am

BEIJING: The deputy head of one of China’s business regulators, the State Administration for Industry and Commerce, is under investigation for suspected corruption,...

China shares soar to fresh four-year high 27 Dec 2014 - 01:40 am

SHANGHAI: Chinese shares rose to a new four-year high yesterday, extending recent gains as financial shares jumped on hopes of further monetary stimulus...

Russia forecasts slump as bailed-out bank gets more funds 27 Dec 2014 - 01:40 am

MOSCOW: Slumping oil prices have put Russia’s economy on course for a sharp recession next year, its finance minister said on Friday, as...

Upbeat Tokyo investors head into last days of 2014 26 Dec 2014 - 11:29 pm

TOKYO - Tokyo stocks ended slightly higher Friday after a quiet week with many investors away for the Christmas holidays, but market watchers...

Shanghai soars despite muted post-Christmas trade in Asia markets 26 Dec 2014 - 11:26 pm

HONG KONG - Asian markets were mainly flat Friday with trade quiet across the region as key bourses remained closed for the Christmas...

Tokyo shares end flat 26 Dec 2014 - 10:44 pm

TOKYO - Tokyo stocks ended flat on Friday with investors retreating to the sidelines as other major bourses were closed for Christmas. The...

China extends high-speed rail network to Xinjiang 26 Dec 2014 - 09:08 pm

A high-speed train driver prepares to depart from Shanghai Hongqiao railway station in Shanghai. (Reuters) BEIJING - China tied the restive far-western region...

Struggling Croatia elects new president 26 Dec 2014 - 08:42 pm

ZAGREB - Croatia's piano playing president Ivo Josipovic is tipped to lead the field when voters in the European Union's newest member vote...

Japan factory output down, inflation slows in November 26 Dec 2014 - 08:39 pm

Construction workers at a building site in Tokyo on November 20, 2014 TOKYO - Japan's factory output and inflation rate slowed in November,...

Oil prices rise following attacks on Libyan oil terminals 26 Dec 2014 - 08:16 pm

Black smoke billows out of a storage oil tank in the port of Es Sider in Ras Lanuf December 25, 2014 SINGAPORE -...

Trade and tension at Europe's troubled African borders 26 Dec 2014 - 08:12 pm

Spanish police herd hundreds of Moroccan women waiting to pass the border between Spain and Morocco MELILLA, Spain - Hassan Ibrahim, both physically...

Tokyo stocks down 0.17% by break 26 Dec 2014 - 08:07 pm

TOKYO - Tokyo stocks slipped 0.17 percent Friday morning as investors retreated to the sidelines with most major Asian exchanges closed for the...

Dollar mortgage holders urge Russia to end 'financial slavery' 26 Dec 2014 - 07:46 pm

The fall of the rouble has weakened Russia's financial system MOSCOW (AFP) - When Olga Savelyeva took out a $226,000 mortgage to buy...

Post-Christmas sales see strong start in Britain 26 Dec 2014 - 06:06 pm

LONDON---undreds of thousands of bargain-seekers stormed British shops as post-Christmas sales began on Friday, in what one department store said was its most...

Russian economy could shrink 4 percent next year 26 Dec 2014 - 05:43 pm

MOSCOW---Finance Minister Anton Siluanov said on Friday Russia's economy could suffer a 4-percent contraction next year and see a budget deficit of 3...

Shanghai soars despite post-Christmas trade in Asia markets 26 Dec 2014 - 04:30 pm

HONG KONG---Asian markets were mainly flat Friday with trade quiet across the region as key bourses remained closed for the Christmas holidays, but...

Global bank regulator proposes standardised minimum capital measure 26 Dec 2014 - 04:15 pm

GENEVA---The Basel global banking supervisory body has proposed introducing a standardised model to calculate a minimum level of capital banks would need to...