Business » World

Thursday, 21 August 2014

Apple’s stock bounces back to hit a new high

2014-08-21 APPLE’S stock touched a new high Wednesday, reflecting investors’ renewed faith in CEO Tim Cook’s ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs. The milestone represents a dramatic...

Hollande unveils measures to improve economy

2014-08-21 PRESIDENT Francois Hollande on Wednesday vowed to go “faster and further” with reforms as he seeks to bolster France’s economy, which has ground to a halt.In an interview with Le Monde daily, Hollande promised to stick with the key plank of his...

Barnes & Noble, Samsung introduce co-branded tablet

2014-08-21 BARNES & Noble and Samsung on Wednesday unveiled a new co-branded tablet called the Samsung Galaxy Tab 4 Nook that will replace B&N’s own Nook tablets.The seven-inch tablet will sell for US$179 after a US$20 instant rebate, the same entry...

In Brief

2014-08-21 Volvo Car reports return to profit on China salesSTOCKHOLM: Chinese-owned Volvo Car Group announced a return to profits on Wednesday in an upbeat half-yearly report that cited “solid” demand for the Swedish brand particularly in China. The...

Wednesday, 20 August 2014

BHP to spin off non-core assets to boost productivity

2014-08-20 GLOBAL mining giant BHP Billiton posted a 23.2 per cent jump in annual net profit Tuesday and said it will create a new independent company by spinning off non-core assets to reduce costs and boost productivity.The US$13.83 billion result in the...

10 years after IPO, Google looks further

2014-08-20 GOOGLE’S IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit.And CEO Larry Page is determined to push even further.Page’s vision is that Google’s products and...

In Brief

2014-08-20 McDonald's to sell packaged coffee NEW YORK: McDonald's plans to start selling its packaged coffee at supermarkets nationally by early next year, a move intended to help raise the profile of the coffee sold at its US restaurants. The world's...

Russia ban to cut Dutch exports by US$400m: data

2014-08-20 SANCTIONS Russia has imposed on agricultural products from the European Union will cut Dutch exports by “at least 300 million euros” (US$400 million), based on 2013 figures, Statistics Netherlands said on Tuesday.The total value of food exports to...

Tuesday, 19 August 2014

EU lends support to fruit, vegetable farmers

2014-08-19 THE European Union (EU) on Monday announced exceptional support measures for the bloc’s producers of perishable fruit and vegetables to reduce the impact from Russian sanctions.EU Agriculture and Rural Development Commissioner Dacian Ciolos said...

Russia may ban import of cars: media

2014-08-19 RUSSIA may tighten retaliatory sanctions against Western nations to include a ban on imports of cars, among other things, if the United States and the European Union impose additional sanctions on Moscow, Vedomosti daily newspaper said on Monday....

Monarch Airlines to axe jobs as it shifts to low cost segment

2014-08-19 BRITISH holidays airline operator Monarch Group is set to cut the airline’s workforce by a third with the closure of its charter operations as it moves to reinvent the carrier as a scheduled European budget airline.Monarch, privately-owned by the...

Monday, 18 August 2014

Russia ban on Western food opens opportunity for LatAm

2014-08-18 RUSSIA’S embargo on US and EU food products has opened a window of opportunity for Latin America, which could capitalise on the Ukraine crisis to become a major food supplier to Moscow.Furious over the sanctions Western countries have imposed on...

Argentina president says holdout creditors greedy

2014-08-18 ARGENTINA’S President Cristina Fernandez (pictured) took to Facebook on Saturday to rail against her country’s holdout creditors, calling them greedy and bent on thwarting a solution in order to keep Argentina mired in debt.Fernandez’ post on the...

In Brief

2014-08-18 MAS still has a future, says Malaysia official PETALING JAYA: Minister in the Prime Minister’s Department Tan Sri Idris Jala believes Malaysia Airlines (MAS) has a future – if it gets over the current turbulence. He says the MAS management...

Print news outfits seeking path forward after spinoffs

2014-08-18   FOLLOWING an unprecedented series of spinoffs by major US media companies, the print news industry now faces a rocky future without financial support from deep-pocketed parent firms. The wave of corporate breakups comes with newspapers and...

India awaits changes to labour laws

2014-08-18 WITH steel machines hissing and whirring and staff studiously manning production lines, Sunder Rajan’s factory about two hours southwest of New Delhi is prospering. But Rajan’s plant, one of seven spread across four states that churns out car...

Saturday, 16 August 2014

Falling petrol prices dampen US inflation

2014-08-16 US producer prices rose marginally in July as a decline in the cost of energy goods offset higher food prices, pointing to a moderation of inflation pressures at the factory gate. Other data yesterday showed some cooling in factory activity in New...

Friday, 15 August 2014

Web of lies: How a Spanish tech star fooled the world

2014-08-15 FOR nearly 10 years, Spanish internet company Let’s Gowex SA said it was making money by providing public wi-fi in cities around the world. Most of the contracts, it now emerges, never existed. Instead Gowex chief Jenaro Garcia Martin used a...

Eurozone economy stalls on setback in Germany, France

2014-08-15 GROWTH in the 18-country eurozone ground to a standstill in the second quarter, official data showed yesterday, dragged down by France and Germany and casting a cloud over recovery in the crisis-battered region.Stagnation in the currency bloc,...

Thursday, 14 August 2014

Not all sukuk are created equal, IMF study shows

2014-08-14 INVESTORS treat a company’s shares differently depending on the specific types of Islamic bond it issues and the reputation of the Islamic scholars who oversee the instruments, a study by the International Monetary Fund found. The study, published...

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