Business » World

Tuesday, 25 November 2014

Bank of England mulls tougher capital rules

2014-11-25 Bank of England mulls tougher capital rulesLONDON: Financial institutions which settle trillions of dollars of derivative contracts a day may need to hold more capital to stop them requiring a government bailout if they fail, a senior bank of...

India eyes private cash for railways

2014-11-25 INDIA is targeting up to US$1 billion of private investment by 2017 to build rail lines linking ports and national networks to ease growing congestion, which has delayed coal imports for power plants and contributed to a power supply crisis.Such...

SpiceJet in talks with investors for funding

2014-11-25 SPICEJET Ltd is in “exploratory and preliminary stage” talks with investors about raising fresh capital that it needs to return to profitability, the budget airline said in a regulatory filing on Monday.India’s SpiceJet, which this month reported...

Islamic finance set to tackle long-standing repo challenge

2014-11-25 SEPARATE but converging efforts are underway in Islamic finance to help develop globally accepted alternatives to conventional repurchase agreements, as the industry tries to crack one of its greatest structural limitations.In the last several...

Oil prices rise ahead of OPEC meeting

2014-11-25 OIL prices rose in Asia Monday before a crucial meeting of the OPEC cartel later in the week that will discuss whether to trim output, analysts said.US benchmark West Texas Intermediate for January delivery was up 31 cents to US$76.82 a barrel in...

Hong Kong, Shanghai stocks up on rate cut

2014-11-25 HONG KONG stocks rallied 1.95 percent Monday and Shanghai also jumped after China’s central bank announced a surprise interest rate cut in an attempt to strengthen growth.The Hang Seng Index added 456.02 points to 23,893.14 on turnover of HK$105.25...

Higher fuel prices to slow Indonesia auto sales

2014-11-25 INDONESIA’S petrol-price hike could put the brakes on the speed at which consumers in Southeast Asia’s biggest auto market buy cars.President Joko Widodo last week cut subsidies and raised gasoline prices more than 30 per cent to open the way for...

Russia loses US$40b a year from sanctions

2014-11-25     RUSSIA is losing around US$40 billion (32 billion euros) per year due to Western sanctions over the Ukraine conflict, its finance minister said yesterday although President Vladimir Putin dismissed the economic damage as “not fatal.” “We are...

Monday, 24 November 2014

Juncker’s EU investment plan risks disappointing

2014-11-24 NEW European Commission chief Jean Claude Juncker has made a 300-billion-euro investment plan a centrepiece of his five-year agenda, but days before a highly awaited unveiling doubts are rife that it can deliver. Two years after the eurozone debt...

Egypt to host major economic conference in March

2014-11-24 EGYPT’S prime minister says his government will host a three-day international economic conference in the Red Sea resort of Sharm el-Sheikh starting March 13 to support the country’s economy.Ibrahim Mahlab said Saturday that Saudi Arabia and the...

Airlines eye tech partners for customer data to boost revenue

2014-11-24 AIRLINES are seeking to work more closely with travel technology companies to mine customer data for ways to generate more revenue beyond ticket sales, emulating other industries already using such methods.While retailers have implemented ever more...

Saturday, 22 November 2014

Draghi: ECB ready to act ‘without undue delay’

2014-11-22 EUROPEAN Central Bank President Mario Draghi said yesterday that the ECB is ready to roll out new policy measures to ward off deflation in the euro area “without any undue delay”, “We will use all means available to us, within our mandate, to...

Obama’s immigration tweaks leave big tech companies wanting more

2014-11-22 PRESIDENT Barack Obama plans to make life a little easier for some foreign tech workers, but Silicon Valley representatives are disappointed his immigration rule changes will not satisfy longstanding demands for more visas and faster green cards.In...

Friday, 21 November 2014

European stocks affected by weak eurozone, Chinese data

2014-11-21 WEAK eurozone and Chinese data weighed on European stock markets and the euro Thursday after the Federal Reserve warned over potential threats to US growth. London’s benchmark FTSE 100 index fell 0.64 per cent to stand at 6,653.47 points...

Russia has little to offer in oil price war

2014-11-21 RUSSIA can do little to shore up slumping global prices even if OPEC wants it to. Russian wells will freeze if they stop pumping oil, and the country has no capacity to store the output it would otherwise export.Before next week’s meeting of OPEC,...

Thursday, 20 November 2014

Citi cuts around 35 jobs on London trading floor

2014-11-20 US BANK Citi has cut around 35 jobs across its capital markets trading operation in London, sources with knowledge of the changes said yesterday.The cuts, announced internally last month, were across all asset classes, the sources told Reuters, and...

US safety agency to push for national air bag recall

2014-11-20 THE federal government is demanding that the auto industry recall millions of additional cars equipped with faulty air bags that can injure — and even kill — a driver. The action Tuesday by the National Highway Traffic Safety Administration covers...

In Brief

2014-11-20 Asia rice-trading dull despite price fallsHANOI: Rice trading in Asian markets slowed this week, even though export prices in Vietnam have dropped to a 4-1/2-month low, at par with Thai rice because buying demand was thin, traders said yesterday....

Wednesday, 19 November 2014

Halliburton, Baker Hughes merge in US$34.6b deal

2014-11-19 BAKER Hughes agreed Monday to be bought by oil services rival Halliburton in a US$34.6 billion deal that comes as the sharp oil price fall spells a possible downturn in business for both.Halliburton, the industry’s number two firm after giant...

Tuesday, 18 November 2014

Modi urges Indian expatriates in Australia to invest back home

2014-11-18 LAST week Mick Jagger, this week Indian Prime Minister Narendra Modi.Thousands of expatriate Indians thronged Sydney’s Allphones Arena yesterday, many travelling 1,000km (620 miles) on a train dubbed the Modi Express, to clap and cheer India’s best...

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