Monday, September 21, 2015

Global Business


The current level of US prices is noticeably lower than what it would be if the Federal Reserve had

GM denies allegations that it cheats on diesel emissions

General Motors on Thursday denied allegations made in a lawsuit that the company's full-size diesel pickup trucks cheat on

Battered oil fights back, sterling hit as May's poll lead shrinks

Battered oil prices recovered some ground on Friday as investors looked past disappointment that an OPEC meeting did not

Asian energy firms sink as OPEC output deal disappoints

Energy firms took a hit on Friday after crude prices plunged almost five percent the previous day as traders

China's reforms not enough to arrest mounting debt: Moody's

China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it,

iPhone parts spurs Taiwan economic growth

The seemingly insatiable global demand for smart phones and other high-tech products gave Taiwan's economy a welcome boost in

IMF sets tough new Ukraine loan demands

The International Monetary Fund said on Friday it will only release a new tranche payment to Ukraine once parliament

South Korea's exports volume grows for 6 months

South Korea's exports volume grew for six straight months, indicating a recovery of the export-driven economy, central bank data

Tokyo stocks hit by OPEC move

Tokyo stocks fell Friday as energy firms were hit by an OPEC decision not to cut output more to

'Keep working until you're 70'

Oil price plummets despite deal to extend output cut

The price of oil has plummeted by about 5%, despite oil-producing nations agreeing to extend production

China calls US for fair play in trade, investment

The United States should give China fair treatment in export and investment issues, the Ministry of Commerce (MOC) said

New business and old ties on agenda

Indian Prime Minister Narendra Modi will depart Monday for a four-nation tour of Europe that will include strategic talks

OPEC extends oil output cut by nine months

OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, an OPEC delegate

ECB sees clouds over financial stability

The European Central Bank said Wednesday that stress in the eurozone financial system had remained low over the past

World stocks hit record high after Fed minutes

World stocks hit record highs on Thursday and the dollar dipped after the US Federal Reserve signaled caution in

Tokyo shares up on easing hint

Tokyo stocks closed higher Thursday as the yen weakened following a Bank of Japan (BoJ) board member's hint that

British growth revised down

Economic growth in Britain came out weaker than originally expected in the first quarter, revised official data showed on

Rupee on way to recovery

Strengthening for the second day yesterday, the rupee climbed 25 paise to 64.48 against the dollar on increased selling

IMF approves 434.3m dollar aid to Mongolia

The Executive Board of the International Monetary Fund (IMF) on Thursday approved a three-year extended arrangement of about 434.3

Germany calls for better EU market access to China

Visiting German Foreign Minister Sigmar Gabriel urged China Wednesday to improve market access for European Union firms seeking to

Singapore's total trade increases in Q1

Singapore's total trade expanded on a year-on-year basis in the first quarter of 2017, as both non-oil domestic exports

Oil price rises as market awaits output cut

Oil prices rose on Wednesday, supported by growing confidence that OPEC and other big producers would agree to keep

Partner, merge or wait for bad weather

Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely

Recent global stock upturn fizzles after China rating downgrade

World stocks inched lower on Wednesday after China's sovereign credit rating was downgraded and as investors eyed a pause

Trump tax reforms may push Israeli tech company to US

US President Donald Trump's plans for sharp cuts to corporate taxes will lead Israeli technology companies, a lynchpin of

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