Business » World

Tuesday, 26 August 2014

Germany should drive economic recovery in Europe

2014-08-26 IMF chief Christine Lagarde wants Germany to play a bigger role in propelling economic recovery in Europe, she hinted in an interview broadcast on Monday, suggesting that German wages should rise. Part of her remarks may be interpreted by...

In Brief

2014-08-26 British deputy PM meets India's Modi in trade tripNEW DELHI: Britain's deputy premier Nick Clegg held talks on Monday with Indian Prime Minister Narendra Modi in New Delhi in the latest effort to strengthen economic ties with the world's largest...

Monday, 25 August 2014

Nut price surge could leave Nutella-lovers shelling out

2014-08-25 FANS of chocolate spread Nutella or the hazelnut-filled Ferrero Rocher could soon be facing rising bills for their nutty treats because of poor weather in Turkey.Prices of hazelnuts have surged in recent weeks after cold late winter weather and...

Fed pressed to signal new policy course

2014-08-25 PRESSURE is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the US economy and lay the groundwork for the central bank’s first interest rate hike in nearly a decade....

Saturday, 23 August 2014

EBay mulling PayPal spinoff

2014-08-23 EBAY Inc is considering a spinoff of PayPal, its fast-growing payments unit, as soon as next year, tech news website The Information reported, citing sources.Shares of the online retailer jumped nearly four per cent to US$55.48 at midday yesterday....

Friday, 22 August 2014

Ryanair to hold talks on Cyprus Airways takeover

2014-08-22 RYANAIR Chief Executive Michael O’Leary is to travel to Cyprus on Thursday for talks with the government about the possible takeover of loss-making carrier Cyprus Airways, he told journalists. Ryanair was among nearly 20 companies which last month...

Eurozone recovery remains slow

2014-08-22 A TIMID economic recovery in the eurozone is still holding, a closely-watched survey showed on Thursday, but at a pace that promises only negligible growth for the year.This latest data is likely to strengthen the views of those who hold that the...

Thursday, 21 August 2014

Bank of England splits over rate hike for first time in three years

2014-08-21 BANK of England policymakers broke ranks over interest rates for the first time in three years this month, when two unexpectedly voted to tighten policy and revived speculation about a 2014 rate hike.Former academic Martin Weale and business...

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...

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