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Economy 15 Apr 2014 | 2:46 PM

Tokyo stocks close up 0.62%

TOKYO: Tokyo stocks rose 0.62 % Tuesday after a rally on Wall Street and as the yen weakened against the dollar in response to upbeat US economic data. The benchmark Nikkei 225 index added 86.65 points to finish at 13,996.81, while the Topix index of all first-section shares climbed 0.29%, or 3.33 points, to 1,136.09.

Business 13 Apr 2014 | 4:46 PM

Reforms to IMF hit serious deadlock - G20 official

WASHINGTON: Reforms to the International Monetary Fund have hit a deadlock despite a declaration from global financial chiefs that they would move forward without the United States if it fails to ratify the changes by year-end, a G20 official said on Sunday.

Business 26 May 2014 | 8:24 AM

China's state-owned sector told to cut ties with US consulting firms

LONDON: China has told its state-owned enterprises to sever links with American consulting firms just days after the United States charged five Chinese military officers with hacking US companies, the Financial Times reported on Sunday.

Business 03 May 2014 | 11:39 AM

Sabah SMEs have grownpast five years

KOTA KINABALU: The small and medium enterprises (SMEs) sector in Sabah has grown by 65 per cent in the past five years with 40,884 such establishments currently operating in the state.

Business 21 May 2014 | 8:34 AM

Lufthansa CEO: State-owned carriers 'global game-changer'

WASHINGTON: Deutsche Lufthansa AG is recovering from a pilot strike in April and views competition from state-owned carriers as one of its biggest challenges, its new chief executive told Reuters in an interview on Tuesday.

Business 08 May 2014 | 8:31 AM

US concerned about China-Vietnam incident in South China Sea

WASHINGTON: The United States said on Wednesday it was concerned about dangerous conduct and intimidation in the South China Sea after reports of a Chinese vessel ramming Vietnamese ships. It called for restraint on all sides.

Business 30 Apr 2014 | 8:34 AM

Billionaire David Geffen interested in buying L.A. Clippers

NEW YORK: Billionaire media executive David Geffen is interested in buying the Los Angeles Clippers basketball team, according to a person with knowledge of Geffen's thinking, following a decision by National Basketball Association commissioner Adam Silver to ban Clipper owner Donald Sterling for life.

Business 17 Jun 2014 | 9:01 AM

Asian shares soft in early trade Tuesday on anxiety over Iraq, Ukraine

TOKYO: Asian shares struck a cautious tone on Tuesday as the double-whammy of a deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for risk.

Business 20 Jun 2014 | 8:46 AM

S&P 500 ends at another record as Fed optimism lingers

NEW YORK: The S&P 500 ended at another record high on Thursday, extending gains for a fifth day on investors' optimism that the Federal Reserve will keep interest rates low for a long period of time.

Markets 15 Jun 2014 | 4:13 PM

Wall Street ahead: Iraq conflict brings defense stocks in focus

NEW YORK": With the possibility of escalating violence in Iraq, stocks in the defense sector could garner more attention in the week ahead.