Business » World

Wednesday, 3 September 2014

Islamic finance seeks to go green

2014-09-03 FINANCIAL products based on renewable energy and sustainable agriculture are emerging in Islamic finance as asset managers seek a crossover opportunity between ethical and sharia-compliant investing. Islamic finance follows religious principles...

Euro continues descent ahead of ECB meeting

2014-09-03 THE euro fell to a one-year low against the dollar on Tuesday as it continued to lose support from speculation that the European Central Bank could start pumping money into the ailing eurozone economy to spur growth.The bank, which oversees...

In Brief

2014-09-03 Thailand plans high disbursement of budget BANGKOK: Thailand is aiming for a high disbursement of its investment budget to boost economic growth in the fiscal year 2015, which starts from Oct 1. The National Council for Peace and Order (NCPO) has...

Tuesday, 2 September 2014

Euro factory activity slows further to 13-month low in August

2014-09-02 MANUFACTURING in the eurozone slumped in August to a 13-month low, a closely watched survey showed yesterday, in a further sign that recovery is faltering and that tensions with Russia are taking their toll.Markit’s purchasing managers’ index (PMI...

Russia starts gas pipeline to China

2014-09-02 PRESIDENT Vladimir Putin yesterday oversaw the start of construction on a giant pipeline that is due to ship US$400 billion worth of Russian gas to China in the three decades after flows begin in 2019. The 4,000km (2,500 mile) “Power of Siberia”...

Monday, 1 September 2014

Carmakers force the smiles at Russia’s car show

2014-09-01 THE latest models gleam at the Moscow car show, but Russian sales have dropped because of the Ukraine crisis and the shine has gone off a key growth market.Hostesses in cocktail dresses and high heels fawn over the cars as they do every year, and...

‘Smartwatches’next big tech shift

2014-09-01 SWATCH Group is happy to go it alone with a launch next year of watches with “smart” features to compete with so-called wearable gadgets from the big tech companies, a market potentially worth US$93 billion.The world’s biggest watchmaker, which...

Booming electric car sales under fire in Norway

2014-09-01 MINISTERS in Norway – a major and rich oil-producing country – are under increasing public pressure to reduce perks and tax breaks for booming electric car sales.“It’s become a problem,” said Erik Haugstad, a bus driver in the Oslo region who...

Eurozone faces deflation

2014-09-01 FINANCIAL markets are looking to the European Central Bank to open the cash floodgates next week after consumer price data showed the 18-country eurozone is flirting with deflation, analysts said.Speculation is rising that the ECB’s decision-making...

Saturday, 30 August 2014

Worrying eurozone inflation sags again to 0.3%

2014-08-30 INFLATION in the 18 countries that use the euro sank to an annual 0.3 per cent in August, a sign of economic weakness that is putting pressure on the European Central Bank to take drastic steps to save a stalling recovery. The figure was down from...

Friday, 29 August 2014

Bitcoin shows staying power with online merchants

2014-08-29 BITCOIN is catching on at US online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power. Though sales paid for in bitcoin so far...

Thursday, 28 August 2014

IMF chief Lagarde under investigation

2014-08-28 CHRISTINE Lagarde, the chief of the International Monetary Fund, was placed under official investigation for negligence in a French corruption probe that dates back to her days as France’s finance minister.In a statement Wednesday after a fourth...

In Brief

2014-08-28 Renault could turn Russia crisis to its advantageMOSCOW: Renault, the major carmaker with most at stake in Russia, could turn a market crisis to its advantage as Moscow considers a subsidy scheme to steady demand and a weaker rouble undermines...

Big business warn against Scottish independence

2014-08-28 BRITISH business leaders on Wednesday warned against independence for Scotland, saying the uncertainty it could trigger over future policies is “bad for business.” Top executives at banking giant HSBC and miner BHP Billiton were among over 130...

France has no time to lose adopting reforms: EU

2014-08-28 FRANCE has “no time to lose” in enacting reforms with the nomination of a new government following a row over economic policy, the EU Commission said on Wednesday.It is crucial that France’s new government “maintain its reform commitments, which...

Wednesday, 27 August 2014

In Brief

2014-08-27 Kogas in talks to offload up to 10 autumn LNG MILAN: Korea Gas Corp has approached long-term suppliers of liquefied natural gas (LNG) to defer up to 10 autumn cargoes to winter, showing it is lumbered with excess supply and pulling out of spot...

Burger King to buy Canada’s Tim Hortons for US$11.5b

2014-08-27 BURGER King Worldwide Inc announced plans to buy Canadian coffee and doughnut chain Tim Hortons Inc for C$12.64 billion (US$11.53 billion) in a cash-and-stock deal that would create the world’s third-largest fast-food restaurant group. With...

Turkey, Japan sign US$1.7b gas-to-liquids project with Turkmenistan

2014-08-27 TURKMENISTAN, holder of the world’s fourth-largest natural gas reserves, signed a US$1.7 billion deal with a Turkish-Japanese consortium on Tuesday to build a gas-to-liquids plant as part of its strategy to maximise revenues from its gas riches.The...

Big gains for US durable goods orders

2014-08-27 ORDERS for long-lasting US manufactured goods posted their biggest gain on record in July on strong international demand for aircraft, but the underlying trend remained consistent with a steady pace of domestic economic growth.The Commerce...

Italy struggles with alternative if Russia gas supplies cut

2014-08-27 ITALY will struggle to stay warm this winter if Russia’s conflict with Ukraine disrupts gas supplies and Libya veers towards collapse, putting at risk an already shaky economic recovery following years of recession and sluggish growth.Caught...

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