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Business 23 Oct 2014 | 12:00 AM

Global economic recovery beset by downside risks

BEIJING: The global economic recovery is beset by “downside risks“, China’s vice-premier told Asia-Pacific finance ministers, a day after growth in the world’s second largest economy hit a five-year low.

Business 06 Oct 2014 | 10:47 AM

Becton Dickinson to buy CareFusion for US$12bil in cash, stock

Medical equipment supplier Becton Dickinson & Co has agreed to buy CareFusion Corp, a maker of infusion pumps and other medical devices, for US$12.2 billion in cash and stock, marking the latest multibillion-dollar healthcare sector deal.

Economy 11 Nov 2014 | 12:13 PM

China's Silk Road challenges US dominance in Asia

LONDON: "The Silk Road, no longer just a concept in history books, has evolved into a story of modern logistics and Sino-European cooperation," Yang Jiechi, China's top diplomat, told a conference this month.

Business 11 Nov 2014 | 6:38 AM

S&P, Dow hit record as health, transport stocks rally (update)

NEW YORK: The Dow and S&P 500 extended their run of record high closes for a fourth session on Monday, led by transportation and healthcare shares.

Business 12 Nov 2014 | 6:19 AM

Dow, S&P 500 set 5th session of record highs in light volume

NEW YORK: The Dow and S&P 500 eked out a fifth session of record closing highs on Tuesday, barely extending the market's recent rally in light volume as consumer discretionary shares gained.

Business 27 Dec 2014 | 12:00 AM

China regulator says Qualcomm case to be settled soon

BEIJING: The Chinese government said it will soon settle its antitrust investigation of US mobile chipmaker Qualcomm Inc.

Economy 07 Jan 2015 | 10:36 AM

Workers: the poor orphans of the US economic boom

WASHINGTON: It is one of the contradictions of the US economic boom: the unemployment rate has fallen to the lowest level in six years, but workers’ wages have remained almost flat.

Business 12 Jul 2019 | 12:00 AM

LG Chem mulls building second US plant

SEOUL: South Korean electric vehicle (EV) battery maker LG Chem is considering building a second US factory, three people familiar with the matter said, accelerating a race to add capacity to meet growing global demand for green vehicles.