Business

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...

China economy cooling further 02 Jan 2015 - 02:27 am

Men unload bathroom equipment from a van in Beijing. China’s manufacturing activity contracted in December, HSBC’s closely watched purchasing managers’ index (PMI) showed...

Most Indian stocks rise after best year since 2009; rupee drops 02 Jan 2015 - 02:26 am

Mumbai: Most Indian stocks climbed, paced by phone companies and airlines, in the first trading day after the S&P BSE Sensex index capped...

Welcoming 2015 02 Jan 2015 - 02:25 am

Traders Peter Tuchman (left) and Joseph Mastrolia work on the floor of the New York Stock Exchange, while wearing 2015 novelty glasses on...

Lithuania joins eurozone 02 Jan 2015 - 12:50 am

FROM LEFT: Lithuania’s Central Bank Governor Vitas Vasiliauskas, Finance Minister Rimantas Sadzius and Prime Minister Algirdas Butkevicius hold euro notes during an event...

US pending home sales rise in November 02 Jan 2015 - 12:20 am

WASHINGTON: Contracts to buy previously owned US homes rose only modestly in November, pointing to a still-sluggish housing market despite several months of...

Qatar’s trade surplus for Q3 at QR91.8bn, down 7pc 02 Jan 2015 - 12:20 am

DOHA: Qatar’s trade surplus (difference between the total value of exports and imports) for third quarter (Q3), 2014 stood at QR91.8bn ($25.2bn), down...

Energy-rich Turkmenistan devalues manat by 18pc 02 Jan 2015 - 12:18 am

ASHGABAT: The energy-rich former Soviet republic of Turkmenistan devalued its currency against the US dollar by 18 percent, in the latest sign of...

Oman 2015 budget raises state spending 02 Jan 2015 - 12:18 am

MUSCAT: Oman’s finance ministry released a state budget for 2015 yesterday that raises spending at the cost of a big projected deficit due...

Nigeria sees strong naira, stable economy this year 02 Jan 2015 - 12:18 am

Lagos: Nigerian President Goodluck Jonathan said the West African nation will keep its currency strong and its economy stable in 2015 as it...

Ambac sues Bank of America over Countrywide mortgage bonds 02 Jan 2015 - 12:17 am

NEW YORK: Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68bn...

Energy-rich Turkmenistan devalues currency against dollar 01 Jan 2015 - 07:45 pm

ASHGABAT, Turkmenistan--The energy-rich former Soviet republic of Turkmenistan Thursday devalued its currency against the US dollar by 18 percent, in the latest sign...