NEW YORK: Escalating violence in Iraq drove crude oil and the dollar higher on Friday while damping the appetite for global equity markets, even as bullish news from the US tech sector lifted stocks o
Standard & Poor’s Ratings Services affirmed its long- and short-term foreign and local currency sovereign credit ratings on Bahrain at BBB/A-2 on Friday. The outlook is stable.
TOKYO: The Bank of Japan on Friday held off expanding its stimulus program and said the world’s number three economy was recovering, despite fears a sales tax rise will dent growth.
WASHINGTON: Pay for chief executives of US companies has soared nearly 10-fold over the last 35 years to an average of $15.2 million in 2013, according to a study released Thursday.
BRUSSELS: The EU’s employment commissioner sharply criticized the “incomplete” single euro currency system on Friday, arguing it undercuts member states’ efforts to fight the economic crisis.
MADRID: Spain’s public debt hit a new record in the first quarter of this year, reaching 96.8 percent of economic output, the central bank said on Friday.
LAUNCESTON, Australia: Have Asia’s oil buyers and traders become so inured to supply disruptions that the potential disintegration of the world’s fourth-largest crude
Sterling’s trend against the euro is one of sterling strengthening while against the US dollar it is moving sideways.
JOHANNESBURG: South Africa’s radical AMCU union on Friday said that it had agreed in principle to a deal to end the country’s longest-ever mining strike, a day after platinum producers announced the a
BEIJING: Growth in China’s industrial output and retail sales accelerated in May, with consumption increasing at its fastest pace since December, official data showed Friday, in signs of renewed stren
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