Asian shares wilt, take cue from Wall Street
TOKYO: Asian shares fell on Thursday following a dismal day on Wall Street, while the dollar took a breather from…
Category: BUSINESS
Oil Prices Boosted by Canada, Nigeria Outages
NEW YORK: Oil prices rallied on Tuesday (May 10) as traders focused on lingering oil producer shutdowns in Canada and…
Asian Stocks Tread Water on Wary Outlook Bonds Firm
HONG KONG: Asian shares hovered near a two-month low on Wednesday, as investors shrugged off an overnight rally in global…
No Letup Saudi Arabia to Increase Oil Production
“Welcome to Saudi Aramco” – that’s not a message you see very often as a foreign journalist but the normally…
Oil Slides as Investors Focus on Canada Fires Recovery
NEW YORK: Oil prices tumbled on Monday (May 9) as the worst of the wildfire threat to oil-sands production in…
Asian Stocks at Two-Month Lows as oil Weighs Dollar up
HONG KONG: Asian stocks slipped to two-month lows on Monday as weak oil prices weighed on sentiment while the dollar…
Facebook Beverages Won’t be a Thing in China After Rare Trademark Win
HONG KONG: Chinese people won’t be able to quench their thirst with a refreshing “face book” beverage, after the U.S.…
Asia Stocks Weaker After Soft US jobs, China Trade Data
TOKYO: Asian stocks were mostly lower on Monday after a disappointing U.S. jobs report and worse-than-expected trade numbers out of…
Oil Prices Up 2% as Wildfires Threaten Canada Supply, Saudi Moves Eyed
NEW YORK: Oil prices rose about 2 per cent in early Asian trading on Monday (May 9) as supply outages…
Saudi Arabia Fires Oil Minister in Cabinet Reshuffle
DUBAI: Saudi Arabia, the world’s largest crude oil exporter, on Saturday appointed Khalid al-Falih as the kingdom’s new Energy Minister,…
Oil Prices Higher as Canada Fire Forces more Ouput Cutbacks
NEW YORK: Crude prices ticked higher on Friday (May 6) as Canadian oil sands producers cut back more output due…
Facebook loses first round in suit over storing biometric data
REUTERS: Facebook Inc lost the first round in a court fight against some of its users who sued the social…
Hits to Americas oil Output Show Global Glut not Invincible
HOUSTON: Wildfires in Canada. Pipeline sabotage in Colombia. Instability in Venezuela. U.S. frackers at a standstill. Drops in oil output…
Asian Shares Languish Near Three-week Low ahead of US Jobs Data
TOKYO: Asian shares wallowed near three-week lows as investors braced for the U.S. payrolls report after other jobs-related data raised…
India Rejects Apple’s Plan to Import Used iPhones
MUMBAI: India has rejected a plan by Apple Inc to import used iPhones, two telecoms ministry officials said, a blow…