Economy

  Asia shares mostly down ahead of China data

HONG KONG: Asian markets mostly fell Monday as investors await the release later in the week of Chinese economic data for June, while the dollar added to last week´s gains following a strong US jobs report. Tokyo shed 0.37 percent, or 57.69 points, t...

  Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Monday as dealers weigh easing concerns about the jihadist insurgency in Iraq with upbeat sentiment about US demand following strong jobs data, analysts said. US benchmark West Texas Intermediate for August de...

  Global economic momentum could be ´less robust than expected´: IMF

AIX-EN-PROVENCE: The momentum of the global economy could be "less robust than expected" because of weak growth and investment, IMF chief Christine Lagarde warned Sunday. "We are seeing global activity pick up, but the momentum could be less robust t...

  Egypt raises fuel prices to slash subsidies

CAIRO: Egypt´s government drastically raised fuel prices late Friday to tackle a bloated subsidy system, in a potentially unpopular move that could present newly elected President Abdel Fattah al-Sisi with his first serious challenge. With an economy...

  Oman FM's wife sues London Ritz casino after losing £2 million

LONDON: An Omani politician's wife and gambling addict is suing The Ritz casino after losing a staggering £2million at its card table, said a report published in mail online. Nora Al-Daher, 50, who lives in Muscat, blew her millions at the exclusive ...

  Dollar creeps up in Asia on US jobs report

TOKYO: The dollar extended its gains against the yen and euro in Asia on hopes for a healthy US jobs report later Thursday, but was unable to break out of its more than five-year lows against the pound. In afternoon Tokyo trading, the greenback bough...

  Tokyo stocks open 0.93 percent higher

TOKYO: Tokyo stocks opened 0.93 percent higher on Friday after strong US jobs data sparked another record-breaking advance on Wall Street and the dollar´s rise against the yen. The benchmark Nikkei 225 index soared 142.08 points to 15,490.37 at the s...

  Oil extends losses on return of Libyan supplies

SINGAPORE: Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed on prices. US benchmark West Texas Intermediat...

  Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in Asian trade Friday as profit-taking set in after rallying in response to a strong US jobs report, while dealers consider the prospect of an influx of Libyan crude into global markets, analysts said. US benchmark W...

  Tokyo stocks slip by the break

TOKYO: Tokyo stocks slipped in Thursday morning trade, losing early gains that came after Wall Street edged to new records and as the weaker yen boosted exporter shares.. The benchmark Nikkei 225 index, which opened 0.43 percent higher, was down 0.06...

  Dollar gains in Asia on data-driven stocks rally

TOKYO: The dollar rose in Asia Wednesday, boosted by upbeat sentiment, but it is still sitting around more than five-and-a-half-year lows against the pound after a strong set of British manufacturing figures. In midday Tokyo trading, the greenback st...

  Modi tries to get India’s railways back on track

NEW DELHI: India´s new government will next week roll out plans to overhaul its sprawling rail network, dubbed the "lifeline of the nation", which analysts say needs hundreds of billions of dollars of investment. Two days before Prime Minister Narend...

  Sarkozy charged, backers allege witch-hunt

PARIS: France's former president Nicolas Sarkozy has been charged with corruption and influence peddling, French prosecutors said Wednesday, a dramatic move in a criminal probe that could wreck his hopes of a political comeback. The decision came aft...

  15 killed in Yemen tribal feud over ‘desert oil’

ADEN: Clashes between two Yemeni tribes over who owns a piece of land in the southeast believed to be rich in oil has left 15 people dead, tribal sources said Wednesday. Several others were wounded in firefights that erupted Tuesday between Al-Butahi...

  Ramzan gift for people: CNG prices jacked up

ISLAMABAD: Government has raised the prices of Compressed Natural Gas (CNG), mounting burden in the holy month of Ramzan on the people already battered by high rate of inflation. According to Chairman Oil and Gas Regulatory Authority (OGRA) Saeed Ahm...

  Sadqa-e-Fitr fixed at Rs.100 per head

ISLAMABAD: The minimum amount of sadqa-e-fitr or fitrana has been fixed at Rs 100 per head this year, which is paid to the poor and the needy before Eidul Fitr, said Central Ruet-e-Hilal Committee Chairman, Mufti Muneebur Rehman. Mufti Muneebur Rahma...

  Sarkozy detained for questioning in French graft probe: judicial source

PARIS: Nicolas Sarkozy was on Tuesday detained for questioning in a widening corruption probe, a judicial source told AFP, in an unprecedented move against a former French president. Anti-corruption investigators can hold Sarkozy for questioning for ...

  Oil prices rise on weak dollar

SINGAPORE: Oil prices rose in Asia on Tuesday as dealers made the most of a weakening dollar while keeping an eye on continuing fighting in Iraq, analysts said. US benchmark West Texas Intermediate for August delivery rose 23 cents to $105.60 while B...

  Tokyo stocks marginally lower in opening trade

TOKYO: Tokyo stocks were slightly lower in opening trade on Tuesday with the yen remaining strong and the Bank of Japan´s business sentiment survey showing the first downturn in six quarters. The Nikkei 225 index was down 0.05 percent, or 7.67 points...

  Dollar rises in Asia on upbeat sentiment

TOKYO: The dollar rose in Asia Tuesday as gains in Tokyo stocks boosted sentiment, but lower US bond yields kept the unit under the 102-yen level, analysts said. In Tokyo late morning trade, the greenback climbed to 101.50 yen, up from 101.31 yen in ...


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Feature / Analysis

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