Business » World

Friday, 20 March 2015

In Brief

2015-03-20 Yahoo closing last China operation in BeijingBEIJING: Yahoo Inc has announced the closure of its last office in China, a research and development center in Beijing, in a new cost-cutting move. Yahoo said it told employees Wednesday about the...

Patience running out, EU warns Greece

2015-03-20 EUROZONE leaders will tell Greece on Thursday that time and patience are running out for its leftist-led government to implement agreed reforms to avert a looming cash crunch that could force it out of the single currency.Greece has been kept from...

Banks load up on ECB loan, good for economy

2015-03-20 BANKS took more than twice the expected amount of long-term loans from the European Central Bank on Thursday, loading up on the cheap credit in a fresh sign that a nascent eurozone recovery is spurring lending. Banks took 97.8 billion euros (US$...

Thursday, 19 March 2015

GM to shut Russian plant, wind down Opel brand

2015-03-19 GENERAL Motors Co said on Wednesday it would idle its car plant in St Petersburg and wind down its Opel brand, reducing its presence on the Russian mass market and resulting in around $600 million in special charges.Car sales in Russia have plunged...

Smashed your HTC One? No problem, they’ll replace

2015-03-19 CRACKED your screen or dropped your phone in the toilet? No problem, if you buy HTC’s new One (pic) smartphone.Starting next month when new phones go on sale, HTC will replace damaged phones free of charge during its normal 12-month warranty period...

Britain upgrades growth forecast to 2.5% in 2015

2015-03-19 BRITAIN’S economy was set to grow by a better-than-expected 2.5 per cent this year, Finance Minister George Osborne said on Wednesday in the coalition government’s final annual budget before May’s general election. The government forecast compares...

Lufthansa grounds 750 flights in their latest pilots’ strike

2015-03-19 GERMAN airline Lufthansa cancelled around 750 short- and medium-haul flights on Wednesday, hitting tens of thousands of passengers, as pilots staged fresh strike action in a bitter dispute over early retirement.Just over half of the carrier’s...

Wednesday, 18 March 2015

Apple plans TV streaming,in talks with US networks

2015-03-18 APPLE is in talks with television networks in the United States to offer around 25 channels across any iOS device as soon as September, The Wall Street Journal reported on Monday.The company has been in discussions with CBS, 21st Century Fox and...

In Brief

2015-03-18 Sony confirms Q3 net profit, annual lossTOKYO: Sony yesterday said its net profit for the three months to December more than tripled from a year earlier, but confirmed it was on course to incur an annual loss. The improvement stems mainly from a...

Lufthansapilots to goon strike

2015-03-18 GERMAN airlines Lufthansa and Germanwings will be hit by a new 24-hour walkout by pilots on Wednesday, grounding short- and medium-haul flights across Germany, unions and management said. The pilots' union Cockpit called on its members to stop work...

Tuesday, 17 March 2015

Shell pulls back from shale in South Africa

2015-03-17 ROYAL Dutch Shell is pulling back from its shale projects in South Africa due to lower energy prices and delays in obtaining an exploration licence for the onshore Karoo Basin, it said on Monday.A more than halving of crude oil prices since June...

Eurozone yields edge up as investors try to sync with ECB pace

2015-03-17 EUROZONE government bond yields edged higher on Monday, with the European Central Bank expected to slow down its asset purchases after a strong start to its trillion euro programme last week.After buying 10 billion euros worth in the first three...

Greek PM sees loan deal this week

2015-03-17 GREEK Prime Minister Alexis Tsipras on Monday said an EU summit this week would address his country’s cash shortage despite what he described as attempts by some European nations to scupper a deal.“The issue will be dealt with at a political level...

In Brief

2015-03-17 Airbus wins US$1.6b S Korea helicopter dealSEOUL: Airbus Helicopters Monday inked a deal worth 1.5 billion euros (US$1.6 billion) to build more than 300 civil and military helicopters for South Korea in partnership with Korea Aerospace Industries (...

Merkel urges closer tech ties with rising IT giant China

2015-03-17 GERMAN Chancellor Angela Merkel on Sunday urged closer high-tech cooperation with China as she opened a major IT business fair where the Asian giant is the official partner country.“German business values China not just as our most important trade...

Boeing in good place to hit record production

2015-03-17 BOEING Co is well-positioned to hit record production targets for its popular 737 jetliner by 2018, having learned from past mistakes, the head of its industrial system told Reuters.“To the extent that we could accommodate uncertainty and risk, or...

IMF chief hails India as ‘bright spot’ in gloomy world economy

2015-03-17 INTERNATIONAL Monetary Fund chief Christine Lagarde hailed India as a bright spot in the otherwise gloom-ridden global economy Monday, saying the recovery from the 2008-2009 financial crisis was still fragile.Speaking at the start of a two-day...

Kuwait plans to introduce corporate tax as oil slumps

2015-03-17 KUWAIT has sought help from the International Monetary Fund (IMF) to introduce corporate taxes in a bid to diversify revenue in the face of falling oil prices, a minister said Monday. “The IMF will prepare a preliminary report on how to impose...

US oil price hits 6-year low

2015-03-17 NEW York oil prices sank to a six-year low on Monday, falling below US$44 per barrel as the market was plagued by plentiful supplies and the strong dollar.In earlier deals, US benchmark West Texas Intermediate (WTI) for April delivery dived as low...

Monday, 16 March 2015

TPP meets with doubts in the US as critics seek transparency

2015-03-16 HARDWARE Sales Inc of Bellingham, Washington, does about 25 per cent of its online business outside the United States. But going global can be frustrating. Overzealous Australian customs inspectors sometimes confiscate perfectly legal knives....

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