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Business 20 Jul 2019 | 2:53 PM

Ex-governor of RBI Rajan signals Brexit politics deterred him from BOE job

LONDON: Former Reserve Bank of India governor Raghuram Rajan has indicated the political challenges posed by Brexit were the reasons he didn’t apply to head up the Bank of England.

Business 21 Jul 2019 | 10:44 PM

Wall Street This Week Ahead: Prospect of Fed cut pushing dividend investors into tech, energy

NEW YORK: An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented U.S. fund managers further afield in search of income at attractive prices.

Business 22 Jul 2019 | 12:00 AM

Penang's first island project seen to create RM4b worth of jobs

GEORGE TOWN: The first of the three islands planned under the Penang South Reclamation (PSR) project is expected to create RM4bil worth of new construction jobs for the industry.

Business 22 Jul 2019 | 1:33 AM

IMF says Pakistan needs to mobilise tax revenue, cut debt

WASHINGTON: Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan

Business 23 Jul 2019 | 12:07 AM Premium

Boeing’s 737 MAX grounding spills over into economy, weighs on GDP

Airlines, suppliers and trade data show effects of plane maker’s crisis

Business 24 Jul 2019 | 12:00 AM

European banks on lookout for sweeteners

FRANKFURT: Banks are waiting to hear how Mario Draghi (pic) plans to sweeten the bitter pill of more interest-rate cuts.

Business 24 Jul 2019 | 12:00 AM

Luxury brands are taking over the street art scene

LONDON: Tourists flock to London’s Shoreditch to admire the street art that coats the trendy neighborhood in a riot of colour. What they may not expect to find alongside works by Banksy or Mr Cenz are the spray-painted logos of Swatch and Christian Louboutin.

Business 24 Jul 2019 | 12:00 AM

Blackstone weighs Cheniere Energystake sale

HOUSTON: Blackstone Group is considering selling its stake in Cheniere Energy Partners LP, according to sources, seven years after agreeing to invest about US$1.5bil in the owner of the first major liquefied natural gas export terminal in the United States.

Business 24 Jul 2019 | 12:00 AM

Return to easy money to slam bank profits in US, Europe

NEW YORK: As policy makers globally prepare to cut borrowing costs again, banks around the world are feeling the heat.

Business 26 Jul 2019 | 12:00 AM

Hong Kongers scout for Canada, UK properties

TORONTO: As protests continue to rock Hong Kong, real estate brokers in Canada and the UK are fielding a flood of inquiries from investors in the former British colony who are eager to get out.