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Business

US stocks mixed on disappointing construction report

A drop in housing starts and a rally in the U.S. dollar on currency markets sent stocks lower Wednesday as the news gave investors an incentive to collect profits.

Business

Challenges facing telco sector

IN the early 1990s, the cellular phenomenon took place with glowing industry fundamentals; strong surge in phone sales, subscribers and coverage. Investors simply could not get enough of these stocks.

Business

Foreign business news in brief

Foreign business news in brief including from Seoul that Samsung Electronics Co Ltd said that it has signed a contract to buy a 5% stake in Symbian Ltd of the UK for £17mil in a bid to enter the Symbian OS-based smart phone market.