Monday, September 21, 2015

Global Business


Global art sales plunged in 2016 as the number of high-value works sold dropped by half, while China regained

The Nokia 3310 is back - and it even has Snake

The rumours are true - the Nokia 3310 is back, and it even has Snake. The updated version of

New Saudi stock market open gains of 20%

Saudi Arabia on Sunday launched a parallel equity market designed to boost small and medium enterprises that closed up

Euro zone sentiment edges higher in Feb

Euro zone economic sentiment inched up in February as expected thanks to more optimism in industry and the services

China pledges to speed up approval of stock listings

China's top securities regulator has pledged to speed up approvals of initial public offerings (IPOs), as the government seeks

NZ, Iran lay foundations for rebuilding trade

New Zealand (NZ) is looking to step up exports to Iran after the signing of two agreements between the

Asian markets start week with fresh losses

Asian markets kicked the week off with losses Monday, with Tokyo hit by a stronger yen, as the global

New listings surge on Saudi market

Gulf stocks were generally little changed in early Sunday trade but most new listings surged on Saudi Arabia's secondary

Brexit sows seeds of doubt for British farmers

Dependent on foreign workers and subsidies from Brussels, Britain's small but important agricultural sector is losing sleep over the

Oil giant taps China's geothermal reserves

Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of

Miners regain sparkle as commodity prices rebound

Increased Chinese spending on housing and hopes of an infrastructure bonanza in the US and India are driving a

CSRC approves IPO applications

 In a bid to support the real economy, China's securities watchdog approved the IPO applications of 280 companies in

'5 major telcos optimum for Indian market

The fresh round of consolidation unfolding in the Indian telecom market is likely to yield five major players ensuring

Morocco looks for new tourism markets

Morocco's key tourism sector barely grew last year amid security challenges, but operators are hoping Chinese and Russian visitors

US Treasury interest in rare century bond

The United States has rekindled interest in ultra long-term debt, including possibly a rare century bond, to lock in

Brazil expects tourism windfall from Carnival

Brazil's most famous celebration, Carnival of Brazil, begins on Friday and last until March 1, bringing an economic windfall

Wall Street moves into positive territory

Wall Street slouched to a positive finish on Friday with all three major stock indices making last-minute moves into

Phone firms turn to artificial intelligence at top mobile fair

Phone makers will seek to seduce new buyers with artificial intelligence functions and other innovations at the world's biggest

Germany's BASF 'cautious' after 2016

German chemicals giant BASF on Friday said it expects higher oil prices to push up earnings this year after

Shaking off dieselgate, VW races back into profit

German auto giant Volkswagen on  Friday said it raced back into the black in 2016 as car sales hit

Unemployment in Brazil climbs to 12.6%

Unemployment rate in Brazil rose to 12.6 percent by the end of last month, which means around 12.9 million

WTO treaty helps Australian exports

Australia welcomes the entry into force of the World Trade Organization (WTO) Agreement on Trade Facilitation, as it will

Lithuania’s wage growth to 8.7%

In the fourth quarter of 2016, average gross wage in Lithuania increased by 8.7 percent compared to the same

Algerian Sonatrach earmarks $70b for investment

Algerian energy giant Sonatrach has earmarked 70 billion US dollars for its investments between 2017 and 2021, the state

May and Carney urged to halt London Stock Exchange merger

More than three dozen well-known financiers, executives and other City figures have asked Theresa May and Bank of England

Insurers pledge to pass on whiplash savings

Bad news if you get smashed up in a road accident. As expected, the Government has confirmed plans to