China’s central bank (PBOC) is said to plan the injection of about 200 billion yuan ($32.7 billion) into some national and regional lenders as Premier Li Keqiang steps up stimulus to support…
World Economy
Morgan Stanley (MS) reported earnings that almost doubled, beating analysts’ estimates, on a 9 percent jump in revenue from trading stocks and bonds.
Russian currency-market interventions that have topped $13 billion are failing to stem the ruble’s slide to unprecedented lows as oil trades near the weakest in four years.
The…
Britain’s productivity gap with other G7 nations has widened to its largest since 1992, according to official figures.
Data from the Office for National Statistics (ONS) showed that…
Engineering firm Rolls-Royce Holdings has warned of falling revenues as trade sanctions against Russia begin to bite.
Customers of its nuclear, energy and power systems businesses have…
Virgin Australia has announced a complete takeover of low cost carrier Tiger Airways.The airline already has a 60% stake in Tiger, and will acquire the remaining 40% of shares for just $1, News.…
Pakistan Industrial and Traders Associations Front (PIAF) urged the government to prepare 10-year economic plan for better economic progress of the country. The association urged the government to…
Fresh from a court win in Britain, the London Metal Exchange (LME) now faces one of its biggest hurdles yet in its years-long crisis over its warehousing policy that consumers say has inflated…
Saudi share prices tumbled on Thursday to finish off a difficult week marked by volatile oil prices and world stock markets falling on fears of a weaker economy and global insecurity, Arab News…
Japan’s two-year notes climbed, pushing yields to a record low, as a decline in domestic equities reinforced speculation the Bank of Japan will maintain its unprecedented debt purchases to sustain…
Over 48 million Americans live in poverty, according to a special report by the Census Bureau Thursday. It provides an alternative look at the worst off people in the nation than the…
There are fears that a draft bill handing the ruling party some sweeping powers, including the seizure of assets and properties of companies which are critical of the government, will stoke…
Poor economic data, falling stock prices, rising unemployment: Europe is still in crisis mode. Without countermeasures, the survival of the eurozone and its currency might be at risk, senior…
Infrastructure contracts worth more than $45 billion will be awarded in the (P)GCC by the end of the year, double the value of contracts ($22.6 billion) given in 2012, said a report.
The…
Tokyo has not received any proposal from Moscow on constructing a gas pipeline from Russia’s Far Eastern island Sakhalin to northern Japan, but is ready to study such an idea, Itar-Tass quoted an…
Apple has unveiled thinner, more powerful iPads and a new Mac operating system. At an event in Cupertino, Calif., the company also said its electronic payments system, Apple Pay, would be rolled…
Tax dodgers and money launderers will find it more difficult to stash away their illicit proceeds after one of the world’s most infamous tax havens, Luxembourg, has said it will drop its long-…
US stock index futures dropped on Wednesday as selling resumed on worries over the health of the world economy, ahead of a slew of data and corporate earnings.
The world’s largest carmaker has said it’s recalling almost two million vehicles worldwide over defects in the model’s braking system. Toyota said the move was a precautionary measure to avoid…
This summer, the US economy enjoyed the easiest financial conditions of the post-crisis era. Those days are probably over.
Financial stress is rising, according to gauges maintained by the…
World wealth has reached a record $263 trillion but is concentrated in fewer hands. The richest one percent have accumulated more wealth, and own almost 50 percent of it, which could trigger…
Britain’s unemployment rate sank to 6.0% in the quarter to the end of August, reaching the lowest point since late 2008, official data showed on Wednesday. The rate for the June-August period…
British chipmaker CSR said Wednesday that it has agreed to a takeover from US giant Qualcomm. The cash offer, pitched at 900 pence per share, values the group at £1.56b ($2.5b), it added in a…
Malaysia can achieve its target of becoming a developed nation in six years or earlier as rising private investment offsets any slowdown in government expenditure, economic planning minister…
The Bank of Korea cut its benchmark interest rate to a four-year low as Governor Lee Ju Yeol risks spurring capital outflows in his effort to bolster the economy. The central bank…
