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SYDNEY: Asian stocks rose to six-week high

SYDNEY: Asian stocks rose to six-week highs on Tuesday, led by a rally in Chinese shares, while gold took a breather after its biggest one-day gain in more than a year. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 1.3 percent to their highest since early June, and Tokyo’s Nikkei erased early losses to be up 0.8 percent. Among ... Read More »

WASHINGTON: Samsung Electronics Co Ltd is close to signing a deal to sell its popular line of Galaxy devices to the US Federal Bureau of Investigation, sources familiar with the situation have said.

WASHINGTON: Samsung Electronics Co Ltd is close to signing a deal to sell its popular line of Galaxy devices to the US Federal Bureau of Investigation, sources familiar with the situation have said. The deal would be a boost for Samsung, which is increasingly seeking to cater to the needs of government agencies, a niche long dominated by Canadian smartphone ... Read More »

MOSCOW: The Group of 20 nations put growth ahead of austerity, seeking to rebalance a multi-speed global economy and pledging to shift policy carefully so recovery is not derailed by volatile financial markets.

MOSCOW: The Group of 20 nations put growth ahead of austerity, seeking to rebalance a multi-speed global economy and pledging to shift policy carefully so recovery is not derailed by volatile financial markets. Finance ministers and central bank governors meeting in Moscow on Saturday put the finishing touches to a joint communique that delegates said was little changed after they ... Read More »

SYDNEY: Japanese stocks led Asian markets up on Monday, while the yen briefly slipped after Prime Minister Shinzo Abe was given a solid platform to continue his aggressive push to reflate the world’s third biggest economy.

SYDNEY: Japanese stocks led Asian markets up on Monday, while the yen briefly slipped after Prime Minister Shinzo Abe was given a solid platform to continue his aggressive push to reflate the world’s third biggest economy. The big win for Abe at Sunday’s election for parliament’s upper house meant he could now focus on implementing difficult economic reforms, the “Third ... Read More »

FRANKFURT: German premium carmaker BMW is looking to the Internet and even house calls by BMW sales personnel to boost future turnover, the head of the group’s German sales told a magazine.

FRANKFURT: German premium carmaker BMW is looking to the Internet and even house calls by BMW sales personnel to boost future turnover, the head of the group’s German sales told a magazine. “We can well imagine that Internet sales could be expanded to all models,” Roland Krueger told the weekly Wirtschaftswoche. The carmaker is already planning to sell its i3 ... Read More »

Asia shares slide on China worries, Fed outlook; dollar firms

TOKYO: Asian shares fell to a fresh 9-1/2-month low on Monday as investors worried about China’s economic and financial stability and markets scrambled to price in the Federal Reserve’s plan to tone down its stimulus drive starting later this year. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 1.2 percent to its lowest since early September, after posting its ... Read More »

India tycoon Ambani bets on 4G broadband but risks abound

NEW DELHI/MUMBAI: Indian tycoon Mukesh Ambani hopes his multi-billion dollar bet on cheap high-speed wireless broadband could change the way nearly a billion of his countrymen use mobile devices from the way they do banking to watching cricket. In a country where most people own a mobile phone yet lack basic Internet access, it is a risky gamble even for ... Read More »

Oil hit by biggest decline since November on Fed plan

NEW YORK: Brent crude oil futures dropped $4 on Thursday in the biggest one-day decline since November as part of a cross-market rout sparked by the U.S. Federal Reserve’s Chairman plan to wind down monetary stimulus. Crude prices were under pressure throughout the session, with additional bearish sentiment after China tightened credit even as factory activity in the world’s No. ... Read More »

Gold recovers as Chinese buyers emerge, stocks slump

SINGAPORE: Gold recovered from a three-year trough on Friday as lower prices attracted Chinese buyers and as Asian stocks fell, but the metal was still headed for its worst week in nearly two years after the Federal Reserve said it would curb stimulus. Gold for immediate delivery fell over 5 percent on Thursday, along with other commodities and global stock ... Read More »

SC declares GST hike unconstitutional; demands withdrawal

ISLAMABAD: The Supreme Court on Friday declared unconstitutional the one per cent increase in general sales tax (GST) and ordered immediate withdrawal of the hike, United News reported. A three-member bench of the apex court, headed by Chief Justice Iftikhar Muhammad Chaudhry, was hearing the case initiated on a suo motu notice following the sudden increase in petroleum prices. Earlier, ... Read More »

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