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Business 30 Jan 2014 | 5:39 AM

Wall St falls after Fed sticks with taper plan

NEW YORK: US stocks dropped more than 1 percent on Wednesday, hitting session lows after the Federal Reserve stuck with its plan to scale back stimulus even in the midst of emerging market turmoil.

Business 30 Jan 2014 | 5:29 AM

Wall St extends slide after Fed sticks with taper plan

NEW YORK: US stocks accelerated their selloff in volatile trading on Wednesday after the Federal Reserve decided to further reduce its monthly bond purchases despite recent emerging market turmoil.

Business 27 Feb 2014 | 6:47 AM

Mining industry rushing to raise investment

TORONTO: A trickle of new investment into global miners has created a tidal wave of interest among hundreds of small mineral explorers desperate for cash, a Reuters survey shows, setting the stage for a competition to raise funds that some are sure to lose

Business 07 Feb 2014 | 7:28 AM

Wall Street rallies on labor market data, earnings

NEW YORK: U.S. stocks posted their best day of the year on Thursday after a drop in applications for unemployment insurance boosted confidence in the economy and Disney's results overshot expectations.

Business 10 May 2014 | 6:44 AM

Dow ends at record High; Apple drags S&P 500, Nasdaq

NEW YORK: The Dow ended at a record high on Friday, boosted by IBM, while a rebound in high-growth momentum names helped the broader market.

Business 11 Jun 2014 | 8:04 AM

Insurer AIG names Peter Hancock as CEO

NEW YORK: American International Group Inc said Peter Hancock would succeed Robert Benmosche as chief executive and president, effective Sept. 1

Corporate News 19 Jul 2014 | 12:00 AM

Bid for Time ups ante for Amazon and Google

AFTER Rupert Murdoch’s attempt to grab Time Warner Inc, online giants Amazon.com Inc and Google Inc may decide to accelerate their expansion into content.

Business 19 Jul 2014 | 6:46 AM

GE's US$3bil credit card IPO pegged to US consumer recovery

NEW YORK: The success of General Electric Co's impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led U.S. economic recovery heats up.

Business 13 Jul 2019 | 12:00 AM

Gold declines as Treasury yields advance, dollar pares losses

New York: Gold slipped as the dollar pared losses and yields on US Treasuries surged, damping the appeal of the metal because it doesn’t pay interest.