Business » World

Wednesday, 20 August 2014

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...

In Brief

2014-08-14 Petronas pre-tax profit surges to RM28.1b in Q2KUALA LUMPUR: Petronas’ pre-tax profit for the second quarter ended June 30, 2014 rose 28 per cent to RM28.1 billion from RM22 billion in the corresponding period last year on the back of higher...

Acceleration seen making Argentina debt crisis messier

2014-08-14 HOLDOUT investors’ legal battle with the Argentine sovereign could get a lot messier should holders of newly defaulted debt decide to declare principal and interest immediately due.The move, known as acceleration, could push Argentina into a new...

Top banks back plan to reform forex benchmark

2014-08-14 THE world’s top banks have backed the bulk of recommendations from regulators to reform the setting of the leading global currency benchmark following allegations of market rigging, making changes inevitable.The US$5.3 trillion-a-day foreign...

Wednesday, 13 August 2014

Russia talks with Belarus on backdoor supply of banned food

2014-08-13 MOSCOW dispatched top veterinary officials to Belarus on Tuesday after the neighbouring country, which has a free trade zone with Russia, said it would not become a back-door conduit for banned Western food products.Last week Russia banned imports...

Poland must cut outlook on Ukraine woes: Deputy PM

2014-08-13 POLAND should downgrade its economic growth outlook for 2015 to take account of fallout from the Ukraine crisis and tit-for-tat sanctions between Russia and the West, Polish Deputy Prime Minister Janusz Piechocinski said.In an interview with...

Schlumberger: Moscow sanctions to affect earnings

2014-08-13 SCHLUMBERGER Ltd, the world’s largest oilfield services company, said US and EU sanctions on Russia would hurt its third-quarter earnings, becoming the first major US company to say so.The company, which drills with Russia’s largest oil producer...

‘Naked PCs’ weigh on Microsoft’s China sales

2014-08-13 ON A trip to Beijing a decade ago, Bill Gates was asked by a senior government official how much money Microsoft Corp made in China. The official asked the interpreter to double check Gates’ reply as he couldn’t believe the figure was so low.It’s a...

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