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Economy 10 Oct 2013 | 11:43 AM

Japanese selling off record foreign bonds, likely Treasuries too

Japanese investors sold a record amount of foreign bonds on a net basis last week, offloading nearly US$23bil’s worth, amid concerns over US lawmakers might not reach a deal to raise the federal debt limit by mid-October and avoid a historic default.

Economy 10 Oct 2013 | 1:12 PM

Brent steadies above US$109 after steep losses

Brent steadied above US$109 per barrel on Thursday, following steep overnight losses as data showed US crude stocks rose by the most in a year last week.

Business 16 Oct 2013 | 7:59 AM

Twitter picks NYSE for IPO even as losses widen

SAN FRANCISCO: Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs

Business 12 Nov 2013 | 6:41 AM

Virgin enters fray to oppose US Airways-American deal

WASHINGTON: Virgin America Inc won permission on Monday to file a brief with the court hearing the Justice Department's bid to stop a big airline merger, giving it an opportunity to argue for lower barriers to enter the U.S. market.

Business 05 Nov 2013 | 7:12 AM

Google's Schmidt says NSA spying outrageous if true

NEW YORK: Google Inc Executive Chairman Eric Schmidt said widespread U.S. government spying on its data centers would be outrageous and potentially illegal if true, the Wall Street Journal reported.

Business 20 Nov 2013 | 8:32 AM

Bernanke: Fed committed to easy policy for as long as needed

WASHINGTON: Federal Reserve Chairman Ben Bernanke said on Tuesday the Fed will maintain ultra-easy U.S. monetary policy for as long as needed and will only begin to taper bond buying once it is assured that labor market improvements would continue

Economy 20 Nov 2013 | 11:28 AM

Fed committed to easy policy for as long as needed: Bernanke

Federal Reserve Chairman Ben Bernanke said on Tuesday the Fed will maintain ultra-easy US monetary policy for as long as needed, which could mean holding interest rates near zero until "well after" US unemployment falls under 6.5%.

Business 15 Nov 2013 | 11:38 AM

U.S. officials crush 6 tons of ivory in bid to end illegal trade

COMMERCE CITY, Colo: Highlighting a pledge to crack down on the multibillion-dollar illicit global trade in wildlife, U.S. authorities on Thursday pulverized 6 tons of seized ivory from thousands of elephants slaughtered by poachers for their prized tusks.

Economy 15 Nov 2013 | 5:19 PM

Asia shares rally as Fed nominee backs stimulus

Asian markets rallied for a second day on Friday after the woman tipped to take over as Federal Reserve chief indicated she would maintain its stimulus programme for as long as needed.

Economy 08 Nov 2013 | 10:34 AM

All that Twitter is gold or tech bubble?

Twitter Inc shares jumped 73% in a frenzied trading debut that drove the seven-year-old company's market value to around US$25bil and evoked the heady days of the dot-com bubble.