• Business

    Dubai recipe for economic success looks stale

    DUBAI: In Dubai´s posh Jumeirah Beach Residence district, luxury apartment rents are down about 15 percent from a year ago - a sign, some fear, ... Read More

  • Business

    Bank of Japan to debate policy change in July to make its stimulus sustainable

    TOKYO: The Bank of Japan, facing stubbornly low inflation, is in unusually active discussions before this month´s policy decision, with changes ... Read More

  • Business

    Trump accuses China, EU of currency manipulation

    Washington: President Donald Trump on Friday launched a fresh attack on American trading partners, saying the EU and China were manipulating their cur... Read More

  • Business

    Copper dipsReuters

    Beijing : London copper struggled to pull away from the $6,000 a tonne mark on Friday, having touched a one-year low in the previous session, as conce... Read More

  • Business

    Oil climbs

    Tokyo : Crude prices rose on Friday but were set to drop for the week as concerns about oversupply and lower demand due to a possible economic slowdow... Read More

  • Business

    Gold eases

    Bengaluru : Gold eased for a sixth straight session on Friday, having slipped to a one-year low in the previous session, as the U.S. dollar firmed.Spo... Read More

  • Business

    Hot Now

    Dollar weakensAg ReutersTOKYO: The dollar was on the defensive against the yen and euro early Friday after U.S. President Donald Trump expressed conce... Read More

  • Business

    Rupee declines

    The rupee slightly fell against the dollar due to import payment pressure and uncertainty about the exchange rate, dealers said on Friday.The rupee en... Read More

  • Business

    Apple Watch, FitBit could feel cost of US tariffs

    SAN FRANCISCO: The latest round of U.S. tariffs on $200 billion of Chinese goods could hit the Apple Watch, health trackers, streaming music speakers ... Read More

  • Business

    Point of View

    Time is running out (for Brexit deal). The clock is ticking. That is why I’m a little bit nervous—Germany’s European affairs ministe... Read More

  • Business

    Unilever 2Q sales disappoint

    LONDON: Consumer goods maker Unilever reported lower-than-expected second-quarter sales on Thursday, hurt by a Brazilian transport strike and weak pri... Read More

  • Business

    Dubai Islamic Bank H1 Net Profit rises 14% on core business

    Dubai 18th July 2018: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE by assets, posted group net profit of Dh2.44 billion in the first-... Read More

  • Business

    China boosts liquidity, set for more policy easing

    SHANGHAI: Chinese policymakers are pumping more liquidity into the financial system and channelling credit to small and medium-sized firms, and Beijin... Read More

  • Business

    GE?s power unit faces threat in Saudi Arabia

    NEW YORK/ABU DHABI: One of General Electric Co´s largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE f... Read More

  • Business

    In sign of supply flexibility, Russia wields oil stocks to boost output

    MOSCOW: Russia used stocks held in oilfield reservoirs to help boost crude production in June, three industry sources told Reuters, in a sign of suppl... Read More

  • Business

    Copper gains

    Beijing: Copper added 0.9 percent in Shanghai and 0.4 percent in London, but zinc´s sister metal lead was the next best performer, jumping 1.7 p... Read More

  • Business

    Oil drops

    Tokyo: Oil prices dropped on Thursday after official data showed an unexpected rise in U.S. crude stockpiles and as U.S. output scaled record levels.B... Read More

  • Business

    Gold eases

    Bengaluru: Gold prices eased on Thursday, nearing a one-year low hit in the previous session, as the U.S. dollar firmed on the potential for further U... Read More

  • Business

    Dollar firm

    TOKYO: The dollar held firm against its peers on Thursday, supported by bullish comments from the U.S. Federal Reserve chairman, which affirmed expect... Read More

  • Business

    Point of View

    I told you so! The European Union just slapped a five billion dollar fine on one of our great companies, Google. They truly have taken advantage of th... Read More

  • Business

    Rupee flat

    The rupee remained flat on Thursday, as supply of the foreign currency was said to match the demand.The rupee closed unchanged at 128.48/dollar in the... Read More

  • Business

    Amazon hands goodwill to eBay with move to shut Australians out of overseas sites

    SYDNEY: Australian home entertainment installer Paul Boon has relied for years on Amazon.com Inc´s U.S. website for cheap wall racks and other p... Read More

  • Business

    Google hit with record $5 billion EU antitrust fine

    BRUSSELS: EU regulators hit Google with a record 4.34 billion euros ($5 billion) antitrust fine on Wednesday for using its Android mobile operating sy... Read More

  • Business

    Aramco mulls stake in world?s no. 4 chemical firm

    DUBAI: Saudi Arabia\'s government is considering a plan under which Aramco would buy a stake in Saudi petrochemical maker SABIC, a move that could boo... Read More

  • Business

    Palm oil jumps

    Kuala Lumpur : Malaysian palm oil futures jumped 1.5 percent to a one-week top in early trade on Wednesday, as the ringgit weakened and related edible... Read More

  • Business

    Oil dips

    Tokyo : Oil prices fell on Wednesday on news of a rise in U.S. crude inventories last week, defying analyst expectations for a big fall, while concern... Read More

  • Business

    Gold steadies

    Bengaluru : Gold prices on Wednesday held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman ... Read More

  • Business

    Dollar strengthens

    TOKYO: The dollar rose across the board on Wednesday, climbing to a six-month high against the yen, after Federal Reserve Chairman Jerome Powell gave ... Read More

  • Business

    Rupee extends losses

    The rupee ended lower for the third straight session in the interbank currency market on Wednesday, dealers said. The rupee closed at 128.48 against t... Read More

  • Business

    Airbus unveils pioneering solar-powered drone

    Farnborough, United Kingdom: European air giant Airbus on Wednesday unveiled a solar-powered drone called Zephyr that will fly at a high altitude and ... Read More

  • Business

    Point of View

    The European Union and its single market are indivisible. All the efforts to divide the Europeans are in vainJean-Claude Juncker—European Commis... Read More

  • Business

    Global stocks hit one-month high

    LONDON: World stocks hit a one-month high on Wednesday as strong company earnings and a bullish outlook from the head of the U.S. central bank buoyed ... Read More

  • Business

    US ?especially vulnerable? in trade war: IMF?s Lagarde

    Washington: The US economy is \"especially vulnerable\" to damage from the burgeoning global trade war, which could shave hundreds of billions of doll... Read More

  • Business

    Turkey?s economy to grow 4.1pc i 2018

    ISTANBUL: Turkey´s annual economic growth is expected to fall short of the government´s target through 2020, according to a Reuters poll, ... Read More

  • Business

    Rolls-Royce warns about Brexit uncertainty

    Farnborough, United Kingdom: The boss of British aircraft engine maker Rolls-Royce warned Tuesday that the government´s new Brexit blueprint fai... Read More

  • Business

    In parched Afghanistan, drought sharpens water dispute with Iran

    KABUL: Rafiqullah Dawoodzai says his fields were too dry to sow crops this year, the first time he has skipped a growing season in more than 40 years.... Read More

  • Business

    UK pay growth slows to six-month low

    LONDON: British workers´ pay growth has slowed to its weakest in six months despite record employment, challenging the Bank of England as it con... Read More

  • Business

    Fed to continue to raise interest rates gradually: Powell

    Washington: The Federal Reserve will continue to raise rates gradually as the economic outlook remains strong despite uncertainty over trade policy, F... Read More

  • Business

    Copper rises

    Singapore: London copper futures bounced back on Tuesday underpinned by low inventories and technical support, but concerns of slowing growth in top m... Read More

  • Business

    Oil slips

    Tokyo : Oil prices fell for a second day on Tuesday as worries about possible disruptions to supply eased and as investors focused on potential damage... Read More

  • Business

    Gold firm

    Bengaluru : Gold prices were steady on Tuesday, as the U.S. dollar remained largely unchanged ahead of U.S. Federal Reserve Chairman Jerome Powell&acu... Read More

  • Business

    Dollar lowers

    TOKYO: The dollar pared gains against its major peers on Tuesday, edging lower as investors awaited Federal Reserve Chairman Jerome Powell´s fir... Read More

  • Business

    Rupee weakens

    The rupee weakened further against the dollar in the interbank market on Tuesday, as the central bank continued to shy away from intervention in the c... Read More

  • Business

    Walmart, Microsoft team up to take on Amazon

    Washington: Walmart said Tuesday it was entering into a strategic partnership with Microsoft on \"digital transformation\" for the onetime retail indu... Read More

  • Business

    Walmart, Microsoft team up to take on Amazon

    Washington: Walmart said Tuesday it was entering into a strategic partnership with Microsoft on \"digital transformation\" for the onetime retail indu... Read More

  • Business

    Point of View

    This (Trump) administration in the United States doesn’t know how to behave towards the world... it breaks international treaties as a tool. It ... Read More

  • Business

    EU, Japan sign major trade deal in ?message against protectionism?

    Tokyo: Japan and the EU signed a sweeping free trade deal Tuesday saying they were sending a \"clear message\" against protectionism, as Washington pu... Read More

  • Business

    Goldman Sachs expects volatile oil market, prices between $70 and $80/barrel

    NEW YORK: Investment bank Goldman Sachs expects volatile oil prices in the short-term on the back of uncertainty over possible disruptions to supply, ... Read More

  • Business

    Indonesian trade balance swings back

    JAKARTA: Indonesia\'s trade balance returned to a larger-than-expected surplus in June, data from the statistics bureau showed on Monday. Southeast As... Read More

  • Business

    ShFE launches new fuel oil contract

    BEIJING: The Shanghai Futures Exchange (ShFE) launched 380-centistoke bonded fuel oil contract on Monday, the exchange said in a press release.Trading... Read More

  • Business

    Bank of America profit jumps

    Bengaluru: Bank of America Corp reported a 36.3 percent jump in quarterly profit, helped by loan growth across its businesses, lower expenses and a sm... Read More

  • Business

    China growth slows in 2Q; warns on trade war

    Beijing: China said on Monday its economic growth slowed slightly in the second quarter as a trade war with the United States gained pace, while it wa... Read More

  • Business

    US credit market fireswarning about recession

    NEW YORK: A reliable bond market indicator may be waving the flag that a U.S. recession is coming, market watchers said, and it is not the flattening ... Read More

  • Business

    Copper eases

    Melbourne: London copper slipped but held above recent one-year lows on Monday after China´s second-quarter growth slowed as expected, with the ... Read More

  • Business

    Oil falls

    London: Oil prices slipped on Monday as concerns about supply disruptions eased and Libyan ports reopened while traders eyed potential supply increase... Read More

  • Business

    Gold steadies

    London: Gold steadied on Monday as the dollar slipped, but higher interest rates in the United States weighing on investor demand and a weak physical ... Read More

  • Business

    Boeing kickstarts air show

    Bengaluru: Boeing Co said on Monday it won an order for 14 freight aircraft for a value of $4.7 billion, firing the opening salvo against rival Airbus... Read More

  • Business

    Point of View

    It is the common duty of Europe and China, but also America and Russia, not todestroy (the global trade order) but to improve it, not to start trade w... Read More

  • Business

    Yuan weakens to 2-week low

    SHANGHAI: China\'s yuan weakened past a key threshold to its lowest level in two weeks against the U.S. dollar on Monday after Beijing reported slight... Read More

  • Business

    Power to the drones: utilities place bets on robots

    MILAN/FRANKFURT: Flying robots that can travel dozens of kilometres without stopping could be the next big thing for power companies.Utilities in Euro... Read More

  • Business

    IMF warns of rising risks to global growth amid trade tensions

    Washington: The global economy is still expected to grow at a solid pace this year, but worsening trade confrontations pose serious risks to the outlo... Read More

  • Business

    Aviation giants fly into Farnborough under Brexit cloud

    Farnborough, United Kingdom: Top global plane makers land at the Farnborough airshow in England next week, hoping to pick up speed on demand for passe... Read More

  • Business

    US lifts ban on ZTE suppliers

    BEIJING: The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest tel... Read More

  • Business

    Citigroup sees better growth ahead

    NEW YORK: Citigroup Inc is still on track to hit its goals for efficiency and revenue growth, executives said on Friday, as analysts pressed them to e... Read More

  • Business

    China solid waste imports plummet

    SHANGHAI: China´s imports of solid waste fell 56.3 percent in the first half of 2018, the result of tough new restrictions and a crackdown on sm... Read More

  • Business

    Loan signed for oil refinery

    ABUJA: Africa´s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oi... Read More

  • Business

    Comcast to pay 243mln pounds in fees for Sky takeover

    LONDON: Comcast expects to pay the banks, law firms and other advisers on its 25.9 billion pound ($34.23 billion) bid for Sky as much as 243 million p... Read More

  • Business

    South Korea?s minimum wage hike disappoints workers, business

    SEOUL: South Korea´s business groups and the country´s umbrella labour union expressed disappointment after the government said on Saturda... Read More

  • Business

    EU takes anti-Trump trade show to China and Japan

    Brussels: The European Union´s top officials will meet the leaders of China and Japan next week to boost ties in the face of fears that US Presi... Read More

  • Business

    Copper slides

    Singapore : London copper slid and the market was set for a fifth consecutive week of losses on concerns about weaker demand amid a U.S.-China trade r... Read More

  • Business

    Oil slips

    Tokyo : Oil prices fell as markets digested big swings earlier in the week that have left both major benchmarks facing a second weekly loss and largel... Read More

  • Business

    Gold dips

    Bengaluru : Gold prices were muted day as the dollar extended gains from the previous session when strong United States inflation data and trade war c... Read More

  • Business

    Dollar higher

    TOKYO: The dollar was buoyant near a 10-day peak, supported by Treasury yields that edged higher on expectations the U.S. inflation rate will rise.Sho... Read More

  • Business

    Cisco sinks on report Amazon wading into networking equipment

    NEW YORK: Shares of Cisco Systems Inc and other network equipment makers fell after a report that Amazon.com Inc’s cloud services business was c... Read More

  • Business

    Point of View

    Algorithms can help us find our way through the huge amount of information on the internet. But the problem is that we only see what these algorithms ... Read More

  • Business

    Fed emphasises ?solid? US economic growth

    WASHINGTON: The Federal Reserve on Friday pointed to “solid” U.S. economic growth during the first half of the year in its semi-annual rep... Read More

  • Business

    Some investors want new Abraaj review, potentially delaying key sale

    DUBAI: Some investors in funds managed by Dubai-based Abraaj want to block the sale of assets to Colony Capital pending a review of Abraaj\'s handling... Read More

  • Business

    Russia says may step up oil output to tackle deficit

    MOSCOW: Russia and other leading oil producers may boost oil output further if supply shortages hit the global oil market, Russian Energy Minister Ale... Read More

  • Business

    Bank of Japan may project inflation missing its target for three more years

    TOKYO: The Bank of Japan this month might concede that inflation could fall short of its 2 percent target for as long as three more years, sources say... Read More

  • Business

    US Fed sees tax cuts boosting spending, offsetting oil price rise

    Washington: The US tax cuts will boost business and consumer spending this year, offsetting the hit to individual wallets from rising fuel prices, the... Read More

  • Business

    ?Italy won?t ratify EU free trade deal with Canada?

    ROME: Italy will not ratify the European Union´s free trade agreement with Canada, Deputy Prime Minister Luigi Di Maio said on Friday, potential... Read More

  • Business

    Global PC market grows in Q2

    Washington: The global personal computer market grew for the first time in six years in the second quarter of 2018, driven by upgrades in the business... Read More

  • Business

    Saudi Prince pledges support for crown prince?s reforms

    RIYADH: Saudi Arabian billionaire Prince Alwaleed bin Talal, who was detained for three months in an anti-corruption campaign under Crown Prince Moham... Read More

  • Business

    Copper declines

    Singapore : London copper slid on Friday and the market was set for a fifth consecutive week of losses on concerns about weaker demand amid a U.S.-Chi... Read More

  • Business

    Oil falls

    Tokyo : Oil prices fell on Friday as markets digested big swings earlier in the week that have left both major benchmarks facing a second weekly loss ... Read More

  • Business

    Gold slips

    Bengaluru : Gold prices were muted early Friday as the dollar extended gains from the previous session when strong U.S. inflation data and trade war c... Read More

  • Business

    Hot Now

    Dollar strengthensAg ReutersTOKYO: The dollar was buoyant near a 10-day peak on Friday, supported by Treasury yields that edged higher on expectations... Read More

  • Business

    Rupee stable

    The rupee maintained its overnight levels on Friday on the back of persistent insignificant dollar demand from importers, traders said.The rupee close... Read More

  • Business

    Intel acquires small chipmaker to bolster efforts beyond CPUs

    SAN FRANCISCO: Intel Corp has said that it plans to acquire eASIC, a small chipmaker that will help further Intel’s efforts to diversify away fr... Read More

  • Business

    Point of View

    Of course, the path higher (for equities) has been made much easier by the absence of any trade war comments, tweets or observations -- and President ... Read More

  • Business

    China?s trade surplus with US swells in June

    Beijing: China´s surplus with the United States hit a record last month, data showed Friday, adding to brewing tensions between the economic sup... Read More

  • Business

    Dubai warns of action against China on Djibouti trade zone

    Dubai: Dubai threatened on Thursday to take legal action against China for building an international free trade zone in Djibouti on a terminal dispute... Read More

  • Business

    UK?s Brexit plan is ?real blow? to City

    London: The British government´s new blueprint for Brexit is a \"real blow\" to London´s all-important finance sector as it will damage jo... Read More

  • Business

    Philippines, US to start free trade talks

    MANILA: The Philippines will begin negotiations on a free trade agreement with the United States in September, its ambassador to Washington said on Th... Read More

  • Business

    Bank of Korea holds rates

    SEOUL: South Korea´s central bank held its base rate steady on Thursday, as expected, but one board member´s dissenting vote may have rais... Read More

  • Business

    Turkey seeks to reassure rattled markets

    Istanbul: Turkey´s new finance minister, the son-in-law of President Recep Tayyip Erdogan, on Thursday sought to reassure financial markets ratt... Read More

  • Business

    Trump says Iran will need fresh deal

    BRUSSELS: US President Donald Trump said Iran´s economic troubles were going to force it to seek a security deal with Washington following his w... Read More

  • Business

    US firms in China urged to lobby Washington over trade war

    BEIJING/SEOUL: China on Thursday said foreign firms operating in China would suffer in a trade war, urging U.S. companies to lobby their government to... Read More

  • Business

    Copper rises

    Melbourne/Beijing : London copper shrugged off an early dip to trade higher on Thursday, while nickel jumped as much as 3.8 percent as base metals sta... Read More

  • Business

    Oil rallies

    London : Oil prices rallied on Thursday, recouping some ground following sharp losses the previous session after Libya said it would resume oil export... Read More

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