Asia Stocks Slip With Central Banks in Focus, Oil Holds Gains
TOKYO: Asian stocks were mostly lower on Wednesday, as investors stayed cautious ahead of U.S. and Japanese central bank policy…
Category: BUSINESS
Asian Stocks Wary Ahead of Fed, Oil Loses Momentum
TOKYO: Asian stocks were on the defensive on Tuesday after oil prices eased and as investors braced for central bank…
IMF says it’s encouraged by Gulf’s Economic Reform Plans
DUBAI: The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil…
Mitsubishi Motors Shares Keep Falling after Rigging Fuel Efficiency Tests
Shares in car maker Mitsubishi Motors continued to fall on Monday after the car maker admitted rigging fuel efficiency tests.…
Asia stocks, Dollar Slip as Markets Await Fed, BOJ Meetings
TOKYO: Asian shares dropped on Monday while the dollar slipped as investors took profits from the currency’s recent gains ahead…
Oil Prices Rise as Kuwait Strike Drags on
Oil prices ended a four-day losing streak on Tuesday (Apr 19) as sharply curtailed production in Kuwait due to the…
Intel to Lay Off 12,000 Staff From Global Operations
Intel said it wants to “accelerate evolution from a PC company to one that powers the cloud and billions of…
Oil Prices Dropped After Producers Fail to Agree Output Cap
Saudi Arabia, the world’s biggest exporter, had been prepared to freeze output if all Opec members had agreed. The meeting…
Share Transaction Levy of 0.3% Re imposed
With effect from 15th April 2016, a share transaction levy of 0.3% will be re imposed on turnover of very…
By the End of April IMF Bailout Package for Sri Lanka Be Made Available
The support facility sought by Sri Lanka for an economic bailout from the IMF will be made available by the…
World Bank trims 2016, 2017 East Asia Growth Forecasts, Cites Risks to Outlook
SINGAPORE: The World Bank trimmed its 2016 and 2017 economic growth forecasts for developing East Asia and Pacific, and said…
IMF Defends Negative Interest Rates Despite Risks
WASHINGTON: The IMF on Sunday (Apr 10) defended negative interest rates set by central banks, given “significant risks” of slow…
Oil Prices Jump on Signs of US Cutbacks Doha-hopes
NEW YORK: Oil prices jumped on Friday (Apr 8) to cap a week of gains, helped by more indicators of…
Oil Drops on Profit-taking after US Reserves Fall
NEW YORK: World oil prices slid on Thursday (Apr 7) after rallying sharply the previous session following the first drop…
Global Recovery is Frail -IMF Chief
In the face of growing risks from a slowdown in China and subdued growth in developing economies, Global economic recovery…