• Finance

    US envoy in Japan to reassure on North Korea threat

    TOKYO: The United States\' top diplomat on Thursday reassured key Asian allies that Washington stands with them in the face of the accelerating missil... Read More

  • Finance

    Pak Elektron steady in 2016

    Pak Elektron Limited (PSX: PAEL) full-year 2016 earnings (EPS) clocked in at 7.... Read More

  • Finance

    Auto: Riding on potential

    The automotive sectors performance is not dismal, but the past year has been a bit anticlimactic given how much the growth potential was talked about.... Read More

  • Finance

    Federer sweeps past Nadal into Indian Wells quarter-finals

    INDIAN WELLS: Roger Federer reprised his Australian Open triumph over Rafael Nadal on Wednesday, sweeping past the Spaniard 6-2, 6-3 to reach the quar... Read More

  • Finance

    IPPs roundup

    Weak, lacklustre, sluggish these are the kind of adjectives used for the performance of power sector IPPs in 1HFY17.... Read More

  • Finance

    Prince William and Kate visit Paris 20 years after Diana’s death

    PARIS: Britain\'s Prince William and his wife Kate will pay an official visit to Paris on Friday and Saturday, months before the 20th anniversary of t... Read More

  • Finance

    Bank of Japan holds fire eying US economy, Brexit risk

    TOKYO: Japan\'s central bank gave an upbeat assessment of the world\'s number three economy on Thursday, but it flagged risks including \"developments... Read More

  • Finance

    India hits one billion mobile phone subscribers

    New Delhi – India notched up its billionth mobile phone subscriber in October, the country’s telecoms regulator said, underscoring the imp... Read More

  • Finance

    Dreaming of energy security, India pumps desert oil

    Barmer (India) – The deserts of Rajasthan may be the showcase for India’s solar revolution but the oil explorer that struck gold beneath t... Read More

  • Finance

    Portugal August-October trade balance narrows 7.1pc

    LISBON: Portugal's global trade deficit narrowed 7.1 percent between August and October as exports rose slightly and imports declined, the Nationa... Read More

  • Finance

    Serbian central bank keeps rates on hold in expectation of US hike

    BELGRADE: Serbia's central bank left its benchmark interest rate unchanged on Thursday for the second month running, with the likelihood of a US F... Read More

  • Finance

    Aluminium down on caution over output cuts, firm dollar

    LONDON: Aluminium fell on Thursday on disappointment over the scope of production cutbacks in China while a firmer dollar also weighed on the industri... Read More

  • Finance

    VW to improve oversight after emissions scandal

    WOLFSBURG: Volkswagen has agreed steps to improve oversight of engine-software development to avoid future manipulations after its admission of cheati... Read More

  • Finance

    South African banking shares slump after finance minister axed

    JOHANNESBURG: Shares in South African banks fell sharply on Thursday as markets digested President Jacob Zuma's surprise decision to replace his r... Read More

  • Finance

    Greek industrial output fell 1.9pc in October

    ATHENS: Greek industrial output dropped 1.9 percent in October from the same period a year earlier, after rising for two months in a row, statistics s... Read More

  • Finance

    Turkey's Ziraat bank to issue up to $5.2bn of bonds

    ISTANBUL: Turkey's state-owned Ziraat Bank said on Thursday it had decided to issue up to 15 billion lira ($5.2 billion) in lira-denominated bonds... Read More

  • Finance

    UK trade deficit widens by more than expected in Oct, imports jump

    LONDON: Britain's goods trade deficit widened more than expected in October, official data showed on Thursday, as surging imports and falling expo... Read More

  • Finance

    Twitter expands ads to reach users who don't log in

    NEW YORK: Twitter said Thursday it was expanding its advertising to allow marketers to reach people who use the messaging platform without logging in.... Read More

  • Finance

    ECB 'still has ammunition' to boost eurozone: board member

    FRANKFURT: Financial markets may have been disappointed by the European Central Bank's latest round of policy moves, but it still has other measur... Read More

  • Finance

    Poland sells PLN 6.69bn in bonds at switch tender

    WARSAW: Poland sold a total of 6.69 billion zlotys ($1.69 billion) worth of bonds at a switch tender on Thursday, the finance ministry said in a state... Read More

  • Finance

    Indonesia mulling 3mn T of corn imports in 2016

    JAKARTA: Indonesia may import 3 million tonnes of corn in 2016, an industry ministry official said, amid growing demand for the grain from food indust... Read More

  • Finance

    Saudi remains weak; Egypt up for second day

    DUBAI: Egypt's market rose slightly on Thursday, while Saudi Arabia's index again slipped back below a psychological support level, with inves... Read More

  • Finance

    Philippines to import extra 300,000-400,000 T rice

    MANILA: The Philippines, one of the world's biggest rice importers, will buy an additional 300,000 to 400,000 tonnes of the grain to ensure adequa... Read More

  • Finance

    Ugandan shilling weaker as banks, energy buy dollars

    KAMPALA: The Ugandan shilling ceded ground on Thursday, hurt by dollar demand from commercial banks and energy importers. At 0930 GMT commercial banks... Read More

  • Finance

    Palm oil drops for 3rd day, hits 1 week low on slowing demand

    SINGAPORE: Malaysian palm oil futures slid for a third consecutive session on Thursday to hit a one-week low as the market faced headwinds from slowin... Read More

  • Finance

    Sterling touches 3-week high ahead of BoE meeting

    LONDON: Sterling gained against the euro and traded at its highest in almost three weeks against the dollar on Thursday ahead of a Bank of England sta... Read More

  • Finance

    Oil up after US storage slips, global glut concerns remain

    LONDON: Oil edged up on Thursday, supported by a fall in US crude inventories after a run of 10 weekly rises, but global oversupply concerns persisted... Read More

  • Finance

    Petronas set to restart Melaka refinery in mid-Dec

    SINGAPORE: Malaysia's Petroliam Nasional Bhd (Petronas) plans to restart its 270,000 barrels per day (bpd) Melaka refinery in the country's we... Read More

  • Finance

    Markets mark time amid growth woes as BoE holds rates

    LONDON: Festering worries over global economic growth and low oil prices sent fresh jitters through stock markets which marked time on Thursday.Invest... Read More

  • Finance

    Moody's puts Brazil on review for downgrade to junk

    RIO DE JANEIRO: The rating agency Moody's put Brazil's sovereign rating on review for a cut to junk status Wednesday, piling more pressure on ... Read More

  • Finance

    Pep Boys backs Icahn bid over Bridgestone takeover

    NEW YORK: Auto service chain Pep Boys reversed course Wednesday on an agreed $835 million merger with tire maker Bridgestone and said a subsequent tak... Read More

  • Finance

    News 'micropayments' site to launch in US

    NEW YORK: Online news startup Blendle, which allows users to make small payments to read individual articles, announced plans Wednesday to launch next... Read More

  • Finance

    Bank of England might send message on distant rate hike bets

    LONDON: The Bank of England on Thursday might seek to challenge the view in financial markets that it is still a very long way from raising interest r... Read More

  • Finance

    Argentine central bank chief resigns

    BUENOS AIRES: The head of Argentina's central bank resigned Wednesday, four years before the end of his term, under strong pressure from president... Read More

  • Finance

    Italian govt set for 4-bn-euro payday after tax dodgers disclose wealth

    MILAN: The Italian government said Wednesday it was set to rake in at least 3.8 billion euros ($4 billion) after tax dodgers took advantage of an amne... Read More

  • Finance

    Citigroup to take $300 million 'repositioning charge' in 4th quarter

    NEW YORK: Citigroup Inc will take a $300 million "repositioning charge" in the fourth quarter to "resize infrastructure and capacity" throughout its b... Read More

  • Finance

    Shell reviews New Zealand operations

    WELLINGTON: Energy giant Royal Dutch Shell on Thursday refused to rule out closing its New Zealand operations after more than a century as it announce... Read More

  • Finance

    Samsung shares rise on foray into self-driving car parts

    SEOUL: Share prices of Samsung Electronics and some of its key affiliates rose Thursday after the company unveiled a plan to develop components for se... Read More

  • Finance

    Yen, euro surge to one-month highs vs dollar

    NEW YORK: The yen and the euro jumped to one-month highs against the dollar Wednesday, more the result of traders squaring market positions than funda... Read More

  • Finance

    US stocks fall; DuPont-Dow Chemical merger talks limit losses

    NEW YORK: US stocks finished firmly lower Wednesday following a volatile session as merger talks between Dow Chemical and Dow member DuPont limited th... Read More

  • Finance

    Euro, yen lead gains as USD suffers positioning setback

    SYDNEY: The euro held on to solid gains early on Thursday and stayed above the $1.10 big figure after comments from a central banker suggested markets... Read More

  • Finance

    C$ makes slight gain against weakening US$

    TORONTO: The Canadian dollar made slight gains on Wednesday after two days of sharp losses against the US dollar, as investors continued to digest cru... Read More

  • Finance

    Dollar slumps, oil rebound proves fleeting

    NEW YORK: Oil prices slipped on Wednesday, giving up gains after an early rebound on a drop in U.S. crude oil inventories, while the dollar fell as in... Read More

  • Finance

    China stocks rise, welcome gradual IPO approach

    SHANGHAI: China stocks rose on Thursday as investors responded positively to a government announcement that it would shift to a U.S.-style registratio... Read More

  • Finance

    Australia, NZ dollars surge on stunning jobs and RBNZ cut

    SYDNEY: The Australian and New Zealand dollars surged on Thursday after markets were wrong footed by another stunning jobs report in Australia, while ... Read More

  • Finance

    China's yuan opens weakest in nearly 4 months as PBOC permits depreciation

    SHANGHAI: China's yuan weakened at open on Thursday after the central bank set the midpoint at a more than 4-year low for the second day, a sign B... Read More

  • Finance

    Tokyo stocks tumble for third day on stronger yen, weak oil

    TOKYO: Tokyo's benchmark stock index fell for a third straight session on Thursday as a strong yen dented exporters, and after Wall Street dropped... Read More

  • Finance

    Hong Kong shares slightly lower by lunch

    HONG KONG: Shares in Hong Kong ended marginally lower in the morning session Thursday, with another sell-off on Wall Street tempered by bargain buying... Read More

  • Finance

    Morgan Stanley begins layoffs in credit division

    NEW YORK: Morgan Stanley this week cut staff covering short-term credit and regional broker-dealers, after a quarter in which the bank posted a 42 per... Read More

  • Finance

    UAW halts strike at China-owned US auto plant

    DETROIT: More than 3,000 workers at a Chinese-owned auto supplies plant in Saginaw, Michigan returned to work Wednesday after the powerful UAW union h... Read More

  • Finance

    Yahoo a key part of Internet history

    WASHINGTON: Among the best-known names on the Internet, Yahoo was one of the first companies that enabled users to find their way online, but it has l... Read More

  • Finance

    Puerto Rico governor presses for law to allow debt default

    WASHINGTON: The governor of heavily indebted Puerto Rico called on the US Congress Wednesday to pass a law that will allow it to declare bankruptcy, w... Read More

  • Finance

    Yahoo keeps Alibaba, but spins off core business

    WASHINGTON: Yahoo flipped its reorganization plan Wednesday, announcing it would keep its stake in China's Alibaba but spin off its core Internet ... Read More

  • Finance

    Prices rise on safety bid as oil, stocks slide

    NEW YORK: US Treasury debt prices rose on Wednesday in thin volume, as a fall in oil prices and on the stock market prompted investors to seek safe-ha... Read More

  • Finance

    India central bank says intervening in currency futures markets: traders

    MUMBAI: The Reserve Bank of India is intervening in the rupee currency futures market, a senior central bank official told a gathering of bank trainee... Read More

  • Finance

    Gilts slump as higher oil prices underpin riskier assets

    LONDON: British government bond prices fell sharply on Wednesday along with those for other safe-haven assets, as a stabilisation in crude prices prom... Read More

  • Finance

    Oil prices end down despite lower US inventories

    NEW YORK: Oil prices fell to a fresh-multi year low Wednesday as worries about a longstanding supply glut offset news of a surprise decline in US petr... Read More

  • Finance

    Brazil's 2015 coffee exports could surpass 2014 record

    SAO PAULO: Brazil's 2015 coffee exports could surpass the 2014 record after demand increased due to a weaker local currency, the executive directo... Read More

  • Finance

    TSX rises, swing lower in oil price dampens gains

    TORONTO: Canada's main stock index rose on Wednesday, a day after its weakest close in more than two years, although a swing lower in crude oil pr... Read More

  • Finance

    Oil dips as US distillate build offsets crude draw

    NEW YORK: Oil prices fell for a fourth day in a row on Wednesday after the market ignored an unexpected drawdown in U.S. crude stockpiles to focus on ... Read More

  • Finance

    ICE cotton hits 3-1/2-month high but pares gains after USDA report

    NEW YORK: Cotton futures pared gains from 3-1/2-month highs but settled in positive territory on Wednesday after the U.S. Department of Agriculture lo... Read More

  • Finance

    Wheat rises on dollar weakness; bigger stocks hold corn in check

    WINNIPEG: Chicago wheat futures rose on Wednesday, as short-covering and a weaker U.S. dollar buoyed prices after a two-day slide, while a U.S. govern... Read More

  • Finance

    Greece sells 2.9bn euros of T-bills, yields steady

    ATHENS: Greece sold 2.925 billion euros ($3.20 billion) of six-month and three-month T-bills to refinance maturing debt, the country's debt agency... Read More

  • Finance

    South Africa's October retail sales up 3.3pc year/year

    JOHANNESBURG: South Africa's retail sales grew above expectations by 3.3 percent year-on-year in October after expanding by a revised 3.0 percent ... Read More

  • Finance

    Romania government approves 2016 budget plan

    BUCHAREST: Romania's government approved the 2016 budget plan on Wednesday, incorporating already-approved public sector wage hikes and tax cuts a... Read More

  • Finance

    Russian central bank says to reduce banks' forex exposure next year

    MOSCOW: Russia's Central Bank will take measures next year to reduce banks' exposure to foreign currencies, Deputy Governor Vasily Pozdyshev s... Read More

  • Finance

    Lufthansa Nov traffic drops after strike hits demand

    BERLIN: Lufthansa Group said demand for its flights dropped 10.6 percent in November due to a week of strikes by cabin crew, which was the longest eve... Read More

  • Finance

    India central bank says intervening in currency futures markets

    MUMBAI: The Reserve Bank of India is intervening in the rupee currency futures market, a senior central bank official told a gathering of bank trainee... Read More

  • Finance

    World-first dengue fever vaccine cleared for use in Mexico

    PARIS: The first-ever vaccine against dengue fever has been cleared for use in Mexico, French manufacturer Sanofi said Wednesday. "It's a very imp... Read More

  • Finance

    Yahoo chairman: board 'absolutely' has confidence in CEO Marissa Mayer

    NEW YORK: Yahoo's Chairman Maynard Webb said Wednesday that the board had full confidence in chief executive Marissa Mayer, despite the company st... Read More

  • Finance

    Yahoo plans 'reverse spinoff,' instead of Alibaba sale

    WASHINGTON: Yahoo said Thursday it would seek a "reverse spinoff" that would separate the Internet company's core operations from its holdings in ... Read More

  • Finance

    Market expectations on ECB 'absurd', board member says

    VIENNA: Financial markets were wrong to count on bolder stimulus measures from the European Central Bank last week, one of the bank's governors sa... Read More

  • Finance

    Bargain hunters help steady Saudi, Egypt

    DUBAI: The Saudi and Egyptian bourses edged higher on Wednesday as bargain hunters scavenged for stocks that had tumbled this week. Riyadh's index... Read More

  • Finance

    Nigeria stocks hit 3-year low as oil prices tumble

    LAGOS: Nigerian stocks shed 2.4 percent to hit a new three-year low on Wednesday after global oil prices tumbled to their lowest in more than six year... Read More

  • Finance

    Sri Lankan rupee eases slightly on importer dollar demand

    COLOMBO: The Sri Lankan rupee ended marginally lower on Wednesday as dollar demand from importers slightly outpaced greenback sales by exporters, and ... Read More

  • Finance

    Sri Lankan shares end lower for 4th straight session

    COLOMBO: Sri Lankan shares closed lower for a fourth straight session on Wednesday as investors turned cautious going into the holiday season and ahea... Read More

  • Finance

    Copper gains as funds reverse bets on lower prices

    LONDON: Copper rose on Wednesday after higher Chinese imports and hopes for significant output cuts prompted some investors to reverse their bets on l... Read More

  • Finance

    Naira hits low of 251/$ on unofficial market, dollar reserves fall

    LAGOS: Nigeria's naira fell 2 percent to a low of 251 to the dollar on the unofficial market on Wednesday as the central bank reduced dollar suppl... Read More

  • Finance

    Euro inches higher, commodity-linked currencies steadier

    LONDON: The euro rose on Wednesday back towards one-month highs hit after last week's unexpectedly cautious policy moves by the European Central B... Read More

  • Finance

    Brazil exports 3.14mn bags green coffee in November

    SAO PAULO: Brazil exported 3.14 million 60-kg bags of green coffee in November, following closely behind an upwardly revised October total shipment of... Read More

  • Finance

    US stocks gain as Dow Chemical, DuPont surge on merger talks

    NEW YORK: DuPont and Dow Chemical shares surged in early trade Wednesday on news of talks on a possible mega-merger, lifting the Dow and the S P 500.A... Read More

  • Finance

    Oil prices rise but stay near multi-year lows

    LONDON: Oil prices crept higher Wednesday but still struggled near multi-year lows as analysts warned the weakness will continue past next year.The ga... Read More

  • Finance

    Siemens ups research spending to keep innovative edge

    MUNICH: German industrial group Siemens is to raise research spending and expand activities with start-ups to help to keep its innovative edge as indu... Read More

  • Finance

    Fed awards $75.82bn of reverse repos

    NEW YORK: The Federal Reserve on Tuesday awarded $75.82 billion of overnight fixed-rate reverse repurchase agreements to 46 bidders at an interest rat... Read More

  • Finance

    Verizon sees possible bid for Yahoo assets

    SAN FRANCISCO: Verizon's top executive on Tuesday left open the possibility that the US telecom giant could make a bid for Yahoo if the Internet f... Read More

  • Finance

    Audi has simple engine fixes for luxury diesel cars: CEO

    BERLIN: German carmaker Audi has found simple technical fixes for luxury diesel vehicles fitted with software found to have enabled engines to evade U... Read More

  • Finance

    Morgan Stanley closing base metals trading

    LONDON: US investment bank Morgan Stanley will close its base metals trading desks globally as part of a plan to cut up to 25 percent of jobs in its f... Read More

  • Finance

    Yields inch higher in choppy trading as oil slides

    NEW YORK: US Treasury debt yields edged higher on Tuesday in choppy trading after falling the previous two sessions, but sentiment remained cautious w... Read More

  • Finance

    Yahoo set to drop spinoff of Alibaba stake: report

    SAN FRANCISCO: Yahoo has abandoned plans to spin off its large stake in Chinese online giant Alibaba, CNBC television reported Tuesday, citing unnamed... Read More

  • Finance

    Yahoo will not spin off Alibaba stake, weighs core business sale: CNBC

    SAN FRANCISCO/BENGALURU: Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Gro... Read More

  • Finance

    Walk-out over pay at China-owned US auto plant

    DETROIT: More than 3,000 members of the powerful UAW auto union walked off the job at a Chinese-owned supplier plant in the United States on Tuesday.W... Read More

  • Finance

    South Africa's rand hits record low, Anglo leads stocks down

    JOHANNESBURG: South Africa's rand hit a new low against the dollar on Tuesday, falling more than 1.2 percent after the central bank said the curre... Read More

  • Finance

    TSX falls to 15-week low as oil price slump drags

    TORONTO: Canada's main stock index hit a more than 15-week low on Tuesday as crude oil prices fell to their lowest since 2009, leading to broad re... Read More

  • Finance

    ICE sugar dips after Brazil crop data, cocoa falls

    LONDON: Raw sugar on ICE eased on Tuesday, and was underpinned by data showing several days lost to the cane crush in Brazil due to rains, while cocoa... Read More

  • Finance

    Dollar slips on low oil prices

    NEW YORK: The dollar weakened Tuesday as falling oil prices renewed low inflation concerns ahead of the Federal Reserve's interest rate decision n... Read More

  • Finance

    Stocks fall as regional investors cash out; Qatar hits two-year low

    DUBAI: Middle East stocks fell as Arab investors cashed out of regional on Tuesday after oil prices dropped to near a seven-year low, with all regiona... Read More

  • Finance

    C$ hits fresh 11-year low on oil slump

    TORONTO: The Canadian dollar weakened to a fresh 11-year low against the greenback on Tuesday, as a slump in crude oil prices to 2009 levels raised th... Read More

  • Finance

    Oil down 1 percent after hitting 2009 lows

    NEW YORK: Oil futures ended lower with Brent down over 1 percent on Tuesday after plumbing near seven-year lows on fears global oil producers will pum... Read More

  • Finance

    Tokyo stocks open lower on Wall St losses, weak oil price

    TOKYO:Tokyo stocks opened lower on a stronger yen Wednesday, following losses on Wall Street amid a retreat in commodity-linked stocks due to weaker o... Read More

  • Finance

    Asian stocks fragile as commodity rout stokes demand worries

    TOKYO: Asian stock markets risked slipping to two-month lows on Wednesday as crumbling oil prices took a toll on energy and resource shares, with cool... Read More

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