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Business

Why global woes and sinking stocks don’t mean US recession – Economy resilient

WASHINGTON, Jan 17, (AP): Last week’s harrowing plunge in US stocks — fueled by economic fears about China and plummeting oil prices — left investors …

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Vietnam sees labour challenges in TPP – Communist country will have to introduce wide-ranging reforms

HANOI, Jan 17, (AFP): After organising communist Vietnam’s first peaceful mass strike at a shoe factory, labour activist Do Thi Minh Hanh was arrested, beaten …

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Co focus on producing oil at lowest cost – Breakup of Saudi Aramco

Last week, Saudi Aramco announced that it is studying several proposals from international firms to determine the best way to privatize Aramco and sell part …

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Modi vows to boost India’s entrepreneurs – Govt outlines big measures under Start Up India

NEW DELHI, Jan 16, (AFP): Indian entrepreneurs will receive generous tax breaks and face dramatically reduced red tape when starting and closing a business, Prime …

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Inflation expected to average 3.3% in 2015

Inflation in consumer prices came marginally lower in November, easing from 3.2% year-on-year (y/y) in October to 3.1% y/y, as inflation in most components was …

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Trading volume drops by 17.55% – Kuwait bourse closes in red zone

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,265.94 points, down by 3.82% from the week before …

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Goldman to pay $5 bln in settlement – Deal to settle federal and state probes

NEW YORK, Jan 15, (AP): Goldman Sachs said Thursday it will pay roughly $5 billion to settle federal and state probes of its role in …

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KSE posts huge weekly drop of 209.21 pts – All indices close in negative territory

KUWAIT CITY, Jan 15: The KSE indices all witnessed a close in negative amid worries of sliding global equities; decline in oil prices and geopolitical …

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Iran’s crude oil tankers points towards India and Europe – Tehran reedy to resume business as used as clock ticks down on sanctions

SINGAPORE, Jan 15, (RTRS): With Iran ready to resume business as usual with the world under a historic nuclear deal, Tehran will target India, Asia’s …

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Crude prices slide below $30, pulling equities sharply lower – Gold firms on weaker dollar, stocks

NEW YORK, Jan 15, (Agencies): Oil prices dove below $30 a barrel on Friday, dragging major equity indices around the world sharply lower, as fears …

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