• Business

    Race on to boost gas supply to Australia?s east coast

    MELBOURNE: A pipeline across Australia and gas imports from as far away as the United States are on the drawing board as the country races to plug a d... Read More

  • Business

    Japan-US trade surplus edges up in April

    Ag ReutersTokyo: Japan´s politically sensitive trade surplus with the US edged up in April, government data showed Monday, after Tokyo warned it... Read More

  • Business

    GE merges transportation unit with Wabtec in $11.1bln deal

    Bengaluru: General Electric Co confirmed on Monday it was unloading the bulk of its transportation business which makes train engines to Wabtec Corp, ... Read More

  • Business

    Task force to probe 1MDB scandal

    Kuala Lumpur: Malaysia on Monday set up a task force to probe allegations that billions of dollars were looted from sovereign wealth fund 1MDB in an a... Read More

  • Business

    Thai Airways finds new CEO

    BANGKOK: Thai Airways International PCL on Monday said it has found a new president and chief executive, almost two years after the retirement of the ... Read More

  • Business

    Copper climbs

    Melbourne : Copper edged higher on Monday after China and the United States put their trade row on hold, easing concerns the dispute could escalate, a... Read More

  • Business

    Oil rises

    Singapore : Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world´... Read More

  • Business

    Gold lowers

    Bengaluru : Gold slid to a near five-month low on Monday, as the dollar rose and demand for safe-haven assets eased after United States Treasury Secre... Read More

  • Business

    Dollar higher

    SINGAPORE/TOKYO: The dollar advanced against the yen on Monday, after U.S. Treasury Secretary Steven Mnuchin said the U.S. trade war with China is \"o... Read More

  • Business

    Rupee weakens

    The rupee ended slightly weaker against the dollar in the interbank market on Monday, dealers said. The rupee closed at 115.61 against the dollar as c... Read More

  • Business

    Revamped YouTube Music aims to better appeal to local audio tastes

    SAN FRANCISCO: YouTube is hiring music experts across the world to make its revamped music streaming subscription more locally “authentic,&rdquo... Read More

  • Business

    Point of View

    Buckle up, it’s going to be a bumpy ride for the pound (Sterling) this week—Forex analyst at INGViraj Patel... Read More

  • Business

    China relieved trade war is ?on hold?; US business ambivalent

    BEIJING: China on Monday praised a significant dialling back of trade tension with the United States, with the government saying agreement was in the ... Read More

  • Business

    Snail cream, smelly fruit: Thai cosmetics, food firms tap into Chinese tourism boom

    BANGKOK: The label on the pink and white box of face cream sold in a Bangkok hypermarket proudly declares that it is based on a \"snail secretion filt... Read More

  • Business

    Spurned by EU investors, Balkans looks to eager Turkey

    KRUPANJ, Serbia: Ivan Isailovic, mayor of the small Serbian town of Krupanj, is off next week to seek investors not in Munich or Paris, but in Istanbu... Read More

  • Business

    Global insurers review business

    NEW YORK: Global insurers are taking stock of how the U.S. withdrawal from an international agreement to deny Tehran nuclear weapons, and threatened s... Read More

  • Business

    ?Many NAFTA issues remaining?

    MEXICO CITY: Mexico´s Economy Minister Ildefonso Guajardo said that U.S. Trade Representative Robert Lighthizer was right that many issues must ... Read More

  • Business

    Campbell Soup CEO quits

    NEW YORK: Campbell Soup Co Chief Executive Officer Denise Morrison unexpectedly stepped down on Friday, as the company issued a bleak forecast for the... Read More

  • Business

    ?China meeting many of Trade demands?

    WASHINGTON: White House economic adviser Larry Kudlow said on Friday that China is \"meeting many of our demands\" on reducing its trade surplus with ... Read More

  • Business

    ADM resells shipments

    CHICAGO: Most of agricultural trader Archer Daniels Midland Co´s sorghum shipments to China had been diverted and resold to other markets when B... Read More

  • Business

    LCCI seeks improved power system

    LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to improve power transmission and distribution system with its own... Read More

  • Business

    German cities free to ban older diesel cars immediately

    BERLIN: German cities are entitled to ban older diesel vehicles from streets with immediate effect to bring air pollution levels in line with European... Read More

  • Business

    China?s Q2 GDP growth seen easing to around 6.7 percent

    SHANGHAI: China´s economy will likely expand around 6.7 percent in the second quarter this year, the State Information Center (SIC) said in an a... Read More

  • Business

    Copper dips

    Manila : LME copper dropped 0.2 percent to $6,869 a tonne following a two-day gain. In Shanghai, the most-traded July copper contract on the Shanghai ... Read More

  • Business

    Oil stable

    Singapore : Oil prices held firm on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude expo... Read More

  • Business

    Gold falls

    Bengaluru : Gold prices edged down to near their lowest levels this year, pressured by a firm U.S. dollar amid surging U.S. Treasury yields.Spot gold ... Read More

  • Business

    Dollar strengthens

    SINGAPORE: The dollar edged higher against the yen on Friday and set a fresh four-month high, buoyed by a further rise in U.S. Treasury yields that su... Read More

  • Business

    Apple pays Ireland first tranche of disputed taxes

    DUBLIN: Apple has paid 1.5 billion euros ($1.76 billion) into an escrow account set up by the Irish government to hold 13 billion euros in disputed ta... Read More

  • Business

    Point of View

    Every new decision in OPEC needs unanimity... I believe that the help (on Iran nuclear deal) of the European Union helps us... the level of our oil e... Read More

  • Business

    Germany sees migration-related spending of 78 bln euros through 2022

    BERLIN: Germany expects to spend around 78 billion euros on migration-related issues through 2022, including 31 billion euros to combat the root cause... Read More

  • Business

    Iran says oil export drop not expected if EU saves nuclear deal

    TEHRAN: Iranian Oil Minister Bijan Zanganeh said on Saturday that U.S. President Donald Trump´s decision to quit a multinational nuclear deal wo... Read More

  • Business

    EU launches measures to protect European business in Iran

    BRUSSELS: The European Commission said on Friday it had started the process of renewing a sanctions-blocking measure to protect European businesses in... Read More

  • Business

    Cutting $200 billion from US-China trade deficit is a tall order

    BEIJING: For China to slash its record trade surplus with the United States by up to $200 billion annually, it would have to buy the equivalent of mor... Read More

  • Business

    Walmart online sales surge

    New York: US retail giant Walmart saw quarterly profits take a hit but earnings beat analysts´ expectations and total sales rose amid the growth... Read More

  • Business

    NJHP unit-1 begins power supply to national grid; unit-4 facing delays

    LAHORE: Following completion of its reliability test and adjustments thereafter, unit-1 of Neelum-Jhelum Hydropower Project (NJHP) on Friday started p... Read More

  • Business

    Copper drops

    Manila : LME copper dropped 0.2 percent to $6,869 a tonne following a two-day gain. In Shanghai, the most-traded July copper contract on the Shanghai ... Read More

  • Business

    Palm oil climbs

    Kuala Lumpur : Malaysian palm oil futures rose over 1 percent on Friday to their highest in more than five weeks, tracking gains in related edible oil... Read More

  • Business

    Gold slips

    Bengaluru : Gold prices edged down on Friday to near their lowest levels this year, pressured by a firm U.S. dollar amid surging U.S. Treasury yields.... Read More

  • Business

    Hot Now

    Dollar strengthensAg ReutersSINGAPORE:The dollar edged higher against the yen on Friday and set a fresh four-month high, buoyed by a further rise in U... Read More

  • Business

    China approves Toshiba?s sale of $18bln chip unit to Bain consortium

    TOKYO: Toshiba Corp has said that China regulators have approved the $18 billion sale of its chip unit to a consortium led by U.S. private equity firm... Read More

  • Business

    Point of View

    China has become very spoiled, the European Union has become very spoiled… because they always got 100 percent of whatever they wanted from the... Read More

  • Business

    BP chief sees shale, OPEC cooling oil markets: Saudi Arabia assures on supply as oil hits $80 a barrel

    RIYADH: Saudi Arabia said on Friday it is consulting other oil producers in and outside OPEC to ensure the world has adequate supplies to support econ... Read More

  • Business

    Inheriting slowing Malaysian economy, Mahathir makes tax changes

    KUALA LUMPUR: Malaysia´s annual economic growth slowed to 5.4 percent in the first quarter of 2018, leaving the country´s new government w... Read More

  • Business

    May says Britain will leave customs union; EU warns on Irish border again

    SOFIA: Prime Minister Theresa May said on Thursday Britain would leave the EU customs union after Brexit but a source said London was considering appl... Read More

  • Business

    Ikram Sehgal honoured

    Following the vote by Association Industry Members throughout the world, International Code of Conduct Association Geneva, Switzerland is pleased to a... Read More

  • Business

    Tencent?s market value soars

    HONG KONG: Robust earnings from Tencent Holdings sent its market value surging by as much as $34 billion on Thursday, helping the Chinese technology g... Read More

  • Business

    Russia-led bloc seeks free trade area with Iran

    Astana, Kazakhstan: The Russia-led Eurasian Economic Union trade bloc signed an interim trade deal with Iran on Thursday and plans to negotiate a free... Read More

  • Business

    Better management needed to control prices in Ramazan

    LAHORE: Keeping prices normal in Ramazan needs proper planning and good management. Prices cannot be controlled with subsidies or administrative order... Read More

  • Business

    Copper climbs

    Manila : London copper futures rose for a second session on Thursday, spurred by a retreat in the U.S. dollar from a five-month high against a basket ... Read More

  • Business

    Palm oil recovers

    Kuala Lumpur : Malaysian palm oil futures recovered from a one-week low on Thursday and closed the first-half trade slightly higher, on the back of ba... Read More

  • Business

    Gold rises

    Bengaluru : Gold prices made modest gains on Thursday after touching their lowest level this year in the previous session, amid geopolitical uncertain... Read More

  • Business

    Dollar higher

    NEW YORK: The U.S. dollar rallied further to a five-month high, supported by relatively robust U.S. economic data in recent days, while Italy´s ... Read More

  • Business

    Yuan strengthens

    SHANGHAI: China´s yuan inched up against the U.S. dollar on Thursday after the central bank set a stronger official midpoint and companies sold ... Read More

  • Business

    Cisco?s tepid forecast clouds quarterly beat, shares fall

    SAN FRANCISCO: Network gear maker Cisco Systems Inc reported third-quarter profit and revenue that topped analysts´ estimates on Wednesday, but ... Read More

  • Business

    Point of View

    We’re still very far apart… the United States and China are the two biggest economies in the world, the more we can work things out, the ... Read More

  • Business

    Oil hits $80, highest since Nov 2014, on Iran concerns

    LONDON: Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S.... Read More

  • Business

    In Guadeloupe, going green means going bananas

    Capesterre-Belle-Eau, France: Yellow is the new green in the French Caribbean archipelago of Guadeloupe. Bananas are the island group´s top agri... Read More

  • Business

    Copper struggles

    Manila : London copper futures struggled to recover on Wednesday after a two-day slide as the U.S. dollar hovered near a five-month high versus a bask... Read More

  • Business

    Oil dips

    Singapore : Oil prices fell on Wednesday, weighed down by ample supplies despite ongoing output cuts by producer cartel OPEC and looming U.S. sanction... Read More

  • Business

    Gold up

    Bengaluru : Gold prices recovered slightly early on Wednesday, after sliding to the lowest level this year in the previous session on surging U.S. bon... Read More

  • Business

    Dollar firm

    LONDON: The dollar held firm near a five-month high on Wednesday helped by gains in long-term U.S. Treasury yields, while the euro shrugged off report... Read More

  • Business

    Rupee flat

    The rupee maintained its firmness against the dollar in the interbank foreign exchange market on Wednesday, currency dealers said.The rupee closed unc... Read More

  • Business

    Amazon cuts Whole Foods prices for Prime members in new grocery showdown

    SAN FRANCISCO: Amazon.com Inc and Whole Foods Market are making a surgical strike in the already brutal grocery price war.On Wednesday, Whole Foods de... Read More

  • Business

    Point of View

    Looking at the latest decisions of President (Donald) Trump, someone could even think with friends like that who needs enemies. But frankly speaking, ... Read More

  • Business

    OPEC sees oil rally as short-term spike: IEA warns global oil demand may suffer as crude nears $80

    LONDON: Global demand for oil is likely to moderate this year, as the price of crude nears $80 a barrel and many key importing nations no longer offer... Read More

  • Business

    Europe not using good economic growth to reform, IMF says

    BRUSSELS: European economic growth is strong, mainly thanks to domestic demand, but governments are not taking sufficient advantage of the good times ... Read More

  • Business

    China April investment, retail sales growth slows

    BEIJING: China reported weaker-than-expected investment and retail sales in April and a drop in home sales, clouding its economic outlook even as poli... Read More

  • Business

    Investors see big oil surge, but physical markets suggest caution

    NEW YORK/LONDON/SINGAPORE: Oil futures prices have soared past three-year highs, OPEC\'s deal has cut millions of barrels of inventory worldwide and i... Read More

  • Business

    Copper slips

    Singapore : London copper prices slid for a second session on Tuesday, coming under pressure from a rise in stockpiles of the metal used in power and ... Read More

  • Business

    Oil gains

    New York : Oil prices rose as OPEC reported that the global oil glut has been virtually eliminated, while U.S. crude´s discount to global benchm... Read More

  • Business

    Goldfirm

    Bengaluru : Gold traded sideways in Asian hours on Tuesday, buoyed by safe-haven demand with upside potential restricted by a firm dollar and outlook ... Read More

  • Business

    Hot Now

    Dollar strengthensAg ReutersSINGAPORE: The dollar inched up against a basket of currencies on Tuesday from its lowest level in more than a week as hop... Read More

  • Business

    Toshiba says memory chip unit sale to boost annual profit

    TOKYO: Japan´s Toshiba Corp said it expects net income to jump 33 percent this financial year thanks to profits from the planned $18 billion sal... Read More

  • Business

    Point of View

    The United States and China are the two biggest economies in the world. The more we can work things out, the better it’s going to be not just fo... Read More

  • Business

    Business-friendly environment assured

    LAHORE: Acknowledging the role of business community for economic development of the country, Prime Minister Shahid Khaqan Abbasi has said that the go... Read More

  • Business

    Green economy to boostjobs but farmers hard hit: UN

    Geneva: Promoting a greener economy could create 30 million jobs over the next decade, largely offsetting employment losses linked to the shift, the U... Read More

  • Business

    Aluminiumslides

    Singapore: Aluminium prices slid for a third session on Monday as the market continued in correction mode after rallying last month on support from U.... Read More

  • Business

    Gold rises

    Bengaluru: Gold prices rose on Monday on the back of a subdued dollar as investors considered the prospects of fewer interest rate hikes in the United... Read More

  • Business

    Dollar slips

    NEW YORK: The dollar fell to one-week lows on Monday as investors questioned whether a rally that last week sent the greenback to more than four-month... Read More

  • Business

    Point of View

    It’s also important to use the opportunity today when the economy is strong and good to invest for the future Julie Kozack... Read More

  • Business

    Rupee stable

    The rupee stayed flat against the dollar on Monday, amid easy supply of the dollars, currency dealers said. The rupee closed steady at 115.61/dollar i... Read More

  • Business

    Xerox abandons planned deal with Fujifilm in victory for Icahn and Deason

    NEW YORK/TOKYO: Xerox Corp has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp in a settlement with activist investors Carl Icahn and... Read More

  • Business

    Asian stocks up on hopes of thaw in US-China trade tensions

    SYDNEY: Asian shares rose to near two-month highs on Monday on hopes of a thaw in U.S.-China trade tensions as U.S. President Donald Trump pledged to ... Read More

  • Business

    OPEC says oil glut almost gone, makes supply pledge amid Iran worries

    LONDON: A global oil glut has been virtually eliminated, figures published by OPEC showed on Monday, thanks to an OPEC-led pact to cut supplies that h... Read More

  • Business

    German workers seal wage deal

    BERLIN: German unions and employers on Saturday reached an inflation-busting pay hike of roughly six percent for more than 800,000 construction worker... Read More

  • Business

    Bayer sees lower Monsanto synergies

    FRANKFURT: Bayer’s potential synergies from buying U.S. rival Monsanto will be lower than $1.5 billion because of anti-trust divestments, the Ge... Read More

  • Business

    S&P upgrades Egypt debt rating

    New York: Ratings agency S&P upgraded Egypt´s debt grade by one notch on Friday, citing stronger economic growth and moderating inflation.S&P ra... Read More

  • Business

    Maple Leafs promote Dubas to GM

    TORONTO: The Toronto Maple Leafs named Kyle Dubas as the 17th general manager in franchise history Friday. Dubas, 32, served as an assistant to Lou La... Read More

  • Business

    Trump Indonesia project latest stop on China?s Belt and Road

    Beijing: A billion-dollar Indonesian real estate development with ties to Donald Trump has become the latest project in China´s globe-spanning B... Read More

  • Business

    Walmart may launch IPO for Flipkart in as early as four years

    MUMBAI: Walmart Inc said on Saturday in a filing with a U.S. regulator that it may take India’s Flipkart public in as early as four years, detai... Read More

  • Business

    US unveils plan to reduce pharma prices

    Washington: President Donald Trump outlined plans to reduce soaring United States prescription drug prices, among the highest in the world, but oppos... Read More

  • Business

    Negotiators fail to reach NAFTA agreement

    WASHINGTON: Senior American, Canadian and Mexican officials on Friday ended a week of talks without a deal to modernize NAFTA, agreeing instead to res... Read More

  • Business

    Copper slips

    Beijing : LME copper edged down 0.3 percent, having jumped by 1.6 percent as inventories continued to fall, but is on course for a 1.1 percent gain th... Read More

  • Business

    Oil rises

    London : The United States and Saudi Arabia seem to have an understanding to keep the oil market well supplied and avoid a significant price rise afte... Read More

  • Business

    Gold falls

    Bengaluru : Gold prices fell in Asian trade as the dollar firmed slightly, with investors mostly brushing off a potential broadening of conflict in th... Read More

  • Business

    Dollar declines

    TOKYO: The dollar hovered below a 4-1/2-month high against a basket of major currencies after tepid U.S. inflation data prompted traders to pare bets ... Read More

  • Business

    Point of View

    Good earnings and mild inflation numbers are a great formula for the markets—Chief investment officer at Cresset Wealth Advisors... Read More

  • Business

    China?s ZTE paid over $2.3bln to US exporters last year

    SAN FRANCISCO: Chinese technology company ZTE Corp , which this month suspended its main operations after a U.S. Commerce Department ban on American s... Read More

  • Business

    Apple almost a $1trln firm, but watch out for Amazon

    SAN FRANCISCO: Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overt... Read More

  • Business

    Volkswagen to recall 410,000 cars

    Frankfurt am Main: German carmaker Volkswagen said on Friday it would recall 410,000 cars from its own brand and Spanish subsidiary Seat over faulty s... Read More

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