Business

Washington: Job growth settled into a more sustainable pace in January and the unemployment rate dropped to an almost eight-year low of 4.9 per cent, signs...

Riyadh: A devaluation of Saudi Arabia's currency could cause such political instability that Riyadh has little choice but to stick to its promise to use...

Cairo: Egypt’s currency dealers have requested the central bank ease restrictions they say will lessen a dollar shortage gripping the country that’s...

Osaka/Taipei: Taiwan's Foxconn is aiming to finalise a deal to acquire Japan's Sharp by the end of the month, after the two firms reached a...

New Delhi: India's domestic air passenger traffic grew by a whopping 20.2 per cent in 2015 over the previous year, helped by higher economic growth and...

Tokyo: Toshiba dropped to a 36-year low in Tokyo after widening its annual loss forecast to a record 710 billion yen ($6 billion) as the Japanese industrial...

London: The Bank of England (BoE) cut its growth forecasts on Thursday and the only policymaker who had been pushing for a rate hike reversed his position,...

Shanghai: Yum Brands, the home of KFC and Pizza Hut, is falling behind rival McDonald's as the pair battle to revive flagging sales in China — a...

London: ArcelorMittal plans to raise $3 billion from investors and sell a $1 billion stake in Spanish auto-parts maker Gestamp as the world’s largest...

Tokyo: Toyota Motor raised its profit forecast after surging sales of RAV4 sport utility vehicles and Lexus luxury models, putting it on track to become the...