LONDON: Standard & Poor’s lifted its outlook on Britain’s credit rating to stable from negative, citing the broad recovery and progress in consolidating...
LONDON: Standard & Poor’s lifted its outlook on Britain’s credit rating to stable from negative, citing the broad recovery and progress in consolidating...
SYDNEY: Australia’s unemployment rate remained steady at 5.8 percent for the third straight month in May, data showed last week, with the total...
SINGAPORE: Societe Generale (SocGen), France’s third-largest bank by assets, will set up a 1bn ringgit ($311.3m) multi-currency sukuk programme in Malaysia, the second...
NEW YORK: Another top BNP Paribas executive has resigned as the French bank tries to satisfy US regulators seeking to punish it dearly...
A labourer works on a crane at a construction site for a new building in Beijing, yesterday. China’s economy showed some signs of...
A Chinese national flag in front of a GlaxoSmithKline office building in Shanghai. China’s crackdown on corruption in the pharmaceutical sector has frightened...
Pedestrians walk at a scramble crossing at Shibuya shopping district in Tokyo. Japan is planning to cut corporate tax, its economy minister said...
Bank of England Governor Mark Carney speaks at the Lord Mayor’s Dinner to the Bankers and Merchants of the City of London, as...
LUXEMBOURG: EU energy ministers agreed yesterday to limit production of biofuels made from food crops, responding to criticism they stoke inflation and do...
LONDON: Saudi Arabia has suggested Opec meet just once a year, rather than twice, a sharp reduction from the days when the group...
LONDON: Britain’s finance minister George Osborne has unveiled measures aimed at curbing London’s surging house price inflation, as the Bank of England stands...
LONDON: Brent crude edged further above $113 a barrel yesterday, up about $4 since the start of the week, on concerns that an...
WASHINGTON: The US economic recovery should accelerate in coming months as an energy boom, steadily falling unemployment and a rebound in investment push...
JOHANNESBURG: The leader of South Africa’s AMCU union said yesterday a wage deal with the top three platinum producers was imminent, signalling a...
FRANKFURT: Inflation hit a four-year low in Germany and was weak in Spain and Italy as well, data showed yesterday, a week after...
STOCKHOLM: The International Monetary Fund yesterday urged Sweden to cool its booming real estate market, which is causing a high level of household...
A Toyota Motor Corp’s Ractis vehicle (right) designed on Pokemon series character and a Pikachu-designed Porte vehicle on display at the International Tokyo...
Infosys’ newly appointed CEO Vishal Sikka speaks during a news conference at company’s headquarters in Bangalore yesterday. MUMBAI: Indian outsourcing giant Infosys announced...
