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Business 18 Dec 2013 | 9:08 AM

Bank of Canada sees less volatility from US Fed tapering

OTTAWA: Market volatility spurred by the U.S. Federal Reserve's plans to scale back its massive stimulus program is far less of a concern now than it was earlier this year, Bank of Canada Governor Stephen Poloz told Reuters on Tuesday.

Business 10 Dec 2013 | 11:49 AM

Chinese investors look to mine Bitcoin volatility

SHANGHAI: Chinese speculators have seen Bitcoin values plunge, soar and plunge again within days, but say the virtual currency's extreme volatility is a profit opportunity despite the white-knuckle ride.

Business 15 Feb 2014 | 11:20 AM

Toyota recalls 295,000 vehicles globally for electrical fault

DETROIT: Toyota Motor Corp is recalling about 295,000 Lexus and Toyota brand vehicles globally, mostly in the United States, because various safety systems including stability control and anti-lock brakes could become inoperative.

Business 31 Mar 2014 | 4:15 PM

S&P: Potential losses from MH370 at US$250m to US$450m (Update)

KUALA LUMPUR: Standard & Poor's estimates losses from the Malaysia Airlines MH370 tragedy to be between US$250mil and US$450mil, depending on potential court settlements.

Business 31 Mar 2014 | 6:29 AM

After years of probes, SEC fraud trial over Texas tycoons to start

NEW YORK: The U.S. Securities and Exchange Commission faces off against wealthy Texas investor Samuel Wyly and the estate of his late brother, Charles, this week in a trial over long-standing accusations that they engaged in a $550 million fraud.

Business 17 Mar 2014 | 7:47 AM

UAE, Abu Dhabi roll over US$20bil of Dubai's debt

DUBAI: Abu Dhabi and the central bank of the United Arab Emirates have agreed to refinance $20 billion of debt that was extended to the Dubai government as emergency aid during its financial crisis and comes due this year, the state news agency said on Sunday.

Business 28 Mar 2014 | 8:08 AM

NASDAQ: US high-frequency trading ban unlikely

NEW YORK: U.S. regulators are unlikely to put rules in place that would harm high-frequency trading (HFT) as doing so would make trading more difficult and expensive for all investors, Robert Greifeld, chief executive officer of Nasdaq OMX Group said on Thursday.

Business 18 Apr 2014 | 8:41 AM

Weibo debut highlights complicated dance with Chinese censors

SAN FRANCISCO/HONG KONG: Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail.

Business 12 Apr 2014 | 12:00 AM

Ad revenue hit by MH370 crisis

THE disappearance of Malaysia Airlines (MAS) flight MH370, despite receiving a lot of attention worldwide and boosting the audience for the mass media, has however had an adverse impact on advertising revenue.

Business 13 May 2014 | 11:00 AM

Mexican cement baron dies, made Cemex a global brand

MONTERREY: Lorenzo Zambrano, one of Mexico's best-known businessmen who turned Cemex into a global cement giant but also nearly brought the company crashing down, died on Monday aged 70.