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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.

Markets 16 Jun 2014 | 12:00 AM

Iraq conflict brings defence stocks in focus

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

Commodities 17 Jun 2014 | 10:30 AM

Gold steady near 3-week high on Iraqi tension

SINGAPORE: Gold held steady near a three-week high on Tuesday as escalating tensions in Iraq attracted some safe-haven bids, but investors were awaiting a Federal Reserve meeting this week before taking any big positions.

Business 04 Jun 2014 | 3:52 PM

Chinese media rails against Google, Apple, US tech firms

BEIJING: Chinese state media lashed out at Google, Apple and other US technology companies on Wednesday, calling on Beijing "to punish severely the pawns" of the US government for monitoring China and stealing secrets.

Commodities 01 Oct 2013 | 3:55 PM

Gold edges higher as US govt shutdown begins

Gold edged higher on Tuesday as the US government shut down some of its operations after Congress failed to agree on a spending bill, but gains were limited as investors believe the stand-off will likely soon be resolved.