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Business 03 Mar 2016 | 5:20 PM

Wall Street slips as investors await monthly jobs data (Update 1)

NEW YORK: US stocks were slightly lower in late morning trading on Thursday as investors parsed a barrage of economic data and awaited the monthly jobs report.

Analyst Reports 23 Jan 2016 | 12:00 AM

To sir with less than love

YOUNG people have so many options nowadays. There was no such thing in my time. At least not for me in 1979, when to the collective surprise of my university lecturers, I graduated with a degree in Biochemistry.

Business 19 Jan 2016 | 6:55 PM

Fall in US crude cuts short Wall Street rally

NEW YORK: Wall Street shed some of its early gains on Tuesday as US crude prices fell, cutting short a rally inspired by raised hopes for more stimulus measures in China and earnings reports in the United States.

Economy 17 Dec 2015 | 7:23 AM

As Fed fog lifts, central bankers keep puzzling over China

SAN FRANCISCO: The world's central banks are scrambling to assess the risk a slowing China poses to their economies and appear to be no closer than most other observers to working out what is going on in the world's second largest economy.

Business 21 Nov 2015 | 12:00 AM

1MDB nearing sale deal

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) is nearing an agreement to sell control of its power business to a Chinese-led bidding group, part of the state investment company’s plan to wind down its operations, people with knowledge of the matter said.

Business 12 Feb 2015 | 12:00 AM

Shifting goal posts on employment may signal slower Fed rate hikes

SAN FRANCISCO: Federal Reserve officials are debating a historic shift in one of its core economic gauges that could lead the central bank to move even slower than now thought once it lifts its rates from rock bottom levels.

Economy 16 Jul 2014 | 3:26 PM

China oil demand hits highest in 17 months

BEIJING: China's implied oil demand rose in June to its highest level since January 2013 as crude runs hit a record high, although there were still doubts that the numbers reflected a healthy economy.

Business 19 Nov 2013 | 7:04 AM

Yellen signals new emphasis on Fed policing role

NEW YORK: Move over inflation and job growth. The next Federal Reserve chief appears set to direct the central bank's might at ensuring financial stability and stern banking oversight with the same vigor it currently applies to its traditional mandates of fostering price stability and maximum employment.

Business 16 Nov 2013 | 6:53 AM

Yellen signals new emphasis on Fed policing role

NEW YORK: Move over inflation and job growth. The next Federal Reserve chief appears set to direct the central bank's might at ensuring financial stability and stern banking oversight with the same vigor it currently applies to its traditional mandates of fostering price stability and maximum employment.

Business 04 Nov 2013 | 10:43 AM

Asian shares eke out slim gains, dollar holds firm

SYDNEY: Asian stocks drifted higher on Monday in sluggish trade as investors chose discretion over valour ahead of central bank meetings in Europe and the always-critical U.S. payrolls report.