Oil Prices Drift as US Crude Output Falls
NEW YORK: Oil prices drifted sideways on Wednesday with US futures slightly higher but London slipping amid news that US…
Category: BUSINESS
Asia Shares Slip for Seventh Session, Bonds well Bid
SYDNEY: Asian shares slipped for a seventh straight session on Thursday as mixed economic data did nothing to assuage concerns…
Dollar Rises as Haven Amid Growth Worries
NEW YORK: The dollar rose against most major currencies on Tuesday (May 3) as global growth worries swept equity markets…
Apple Loses Trademark Fight over iPhone Name in China
Apple has lost a trademark fight in China, meaning a firm which sells handbags and other leather goods can continue…
Glut Worries Push oil Prices Lower; US oil below US$44
NEW YORK: World oil prices sank for a third straight session on Tuesday (May 3), pulling back from 2016 peaks…
Asian Stocks Break Four-Day Losing Streak, RBA in Focus
HONG KONG: Asian stocks snapped a four-day losing streak on Tuesday as an overnight bounce in U.S. shares boosted risk…
HSBC first-quarter profit falls 14%
Banking giant HSBC has reported a 14% drop in profits for the first quarter following “extreme levels of volatility” in…
China, Japan Growth to Slow Sharply in 2016, IMF Warns
HONG KONG: China and Japan’s economies are expected to slow sharply over the next two years but Asian growth will…
Apple’s stock suffers worst week since 2013
SAN FRANCISCO: Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about…
Oil Prices Edge Back from 2016 Highs
NEW YORK: Oil prices pulled back a tick on Friday (Apr 29) from 2016 peaks, capping a fourth straight week…
Facebook Hit with Lawsuit Over Plan to Issue New Stock
SAN FRANCISCO: A Facebook Inc shareholder filed a proposed class action lawsuit on Friday in a bid to stop the…
British Airline owner IAG Delays Growth Plans After Brussels Attacks
Airline group IAG, the owner of British Airways and Iberia, has said it will temporarily put on hold plans to…
Bullish oil markets hit new 2016 highs
NEW YORK: World oil prices climbed again on Thursday (Apr 28), hitting the highest levels this year despite an absence…
Asia Markets End Week on Low After Wall St Losses
HONG KONG: Asian stocks mostly fell on Friday (Apr 29) following losses in New York while concerns about the global outlook…
Apple Revenue Falls for First Time Since 2003
Apple reported a 13% drop in its second quarter revenue on Tuesday as sales of iPhones slipped. The technology giant…