Business

US existing home sales hit six-month low 22 Dec 2014 - 11:17 pm

WASHINGTON: US home resales tumbled to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of...

Rousseff stands by Petrobras CEO 22 Dec 2014 - 11:16 pm

BRASILIA: Brazil’s President Dilma Rousseff said yesterday that she has no plans to replace the chief executive officer of state-run oil firm Petrobras,...

South Korea trims growth forecast to 3.8pc in 2015 22 Dec 2014 - 11:16 pm

SEOUL: South Korea yesterday trimmed its economic growth forecast for 2015 to 3.8 percent from 4.0 percent as it vowed to continue expansionary...

Air China orders 60 Boeing 737s for more than $6 bn 22 Dec 2014 - 10:48 pm

NEW YORK - US airplane maker Boeing said Monday that Air China has ordered 60 of its 737 jets, including some from the...

Rosneft scraps purchase of Morgan Stanley's oil trading business 22 Dec 2014 - 10:45 pm

MOSCOW - Russian oil major Rosneft, hit by US sanctions over Moscow's role in the Ukraine crisis, said Monday it had to abandon...

Brazil leader to fire Petrobras execs, says confident in CEO 22 Dec 2014 - 10:38 pm

BRASILIA, Brazil - Brazilian President Dilma Rousseff said Monday that she would shake up the board of directors at state-owned oil giant Petrobras...

SKorea launches new trade dispute with US 22 Dec 2014 - 10:18 pm

GENEVA - South Korea on Monday took the United States to task before the World Trade Organization over Washington's decision to slap anti-dumping...

New India airline to start flying as others lose money 22 Dec 2014 - 09:58 pm

NEW DELHI - India's newest airline announced Monday it would start flying next month and was "enthusiastic" about the future, even as rival...

Russia to limit grain exports to keep bread prices down 22 Dec 2014 - 09:51 pm

MOSCOW - The Russian government announced plans Monday to limit grain exports in a bid to stem a spike in prices at home...

European stocks enjoy 'Santa rally' 22 Dec 2014 - 09:15 pm

Dutch insurer fined over using confidential info 22 Dec 2014 - 03:41 pm

Delta Lloyd bank THE HAGUE-- The Dutch central bank slapped a multi-million-euro fine on insurer Delta Lloyd on Monday and ordered it to...

Central Bank of Russia forced to bail out lender 22 Dec 2014 - 02:51 pm

Central Bank of Russia Moscow--Russia's central bank said Monday it had placed the troubled Trust Bank under supervision and would bail it out...

Oil markets face uncertain future 22 Dec 2014 - 02:23 pm

ABU DHABI-- The determination of powerful Gulf OPEC members to stifle competition from new oil producers has left the global energy market reeling...

Indian debts sale like hot cakes abroad 22 Dec 2014 - 02:06 pm

India--In a record high, foreign investors have purchased Indian debt securities worth USD 19 billion this year, which marked a 20 per cent...

European stock markets rise at open 22 Dec 2014 - 11:41 am

LONDON---European stock markets advanced at the start of trading on Monday in subdued deals at the start of a holiday-shortened week. London's benchmark...

Oil prices extend gains in Asia 22 Dec 2014 - 11:04 am

SINGAPORE-- Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predicting the sector...

S. Korea trims 2015 growth forecast 22 Dec 2014 - 10:28 am

South Korea's currency SEOUL-- South Korea on Monday trimmed its economic growth forecast for 2015 to 3.8 percent from 4.0 percent as it...

Tokyo stocks close flat 22 Dec 2014 - 10:25 am

Tokyo Stock Exchange TOKYO-- Tokyo stocks closed flat on Monday, giving up early gains as investors retreated to the sidelines in thin holiday...