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Corporate News 05 Feb 2019 | 7:41 AM

India central bank seen inching towards rate cut

MUMBAI: The Reserve Bank of India is likely to change its monetary policy stance to "neutral" from "calibrated tightening" on Thursday and move closer to a rate cut in April as inflation stays below the central bank's 4 percent target.

Corporate News 06 Feb 2019 | 1:28 AM

Apple retail chief Angela Ahrendts to depart in April

NEW YORK: Apple Inc said on Tuesday that retail chief Angela Ahrendts will leave the company in April after five years on the job, the third departure of a retail head brought in from outside the company.

Markets 06 Feb 2019 | 9:56 AM

Asian equities receive biggest foreign inflows in a year in Jan

BENGALURU: Foreigners were net buyers of Asian shares in January, data from seven exchanges showed, on hopes the U.S. Federal Reserve would go slow with its monetary tightening measures this year and the trade talks would unwind some tariffs, bolstering world trade.

Corporate News 07 Feb 2019 | 12:00 AM

Disney traditional TV operations beat forecasts

LOS ANGELES: Walt Disney Co is embarking on a mission to become a streaming-TV company, challenging Netflix Inc head-on. But for now, it’s traditional TV that’s holding up better than expected.

Corporate News 07 Feb 2019 | 12:00 AM

B10 mandate lifts CPO price

PETALING JAYA: The increased mandated usage of palm oil as fuel and rising demand from key buyers are helping to pare down record-high inventory and boost the commodity price to its highest level since July last year.

Banking 07 Feb 2019 | 7:24 AM

India central bank surprises with a rate cut, changes stance to neutral

MUMBAI: India's central bank on Thursday unexpectedly lowered interest rates and, as anticipated, shifted its stance to "neutral" from "calibrated tightening" to boost a slowing economy after a sharp fall in the inflation rate.

Business 08 Feb 2019 | 12:00 AM

National Australia Bank CEO quits after probe

SYDNEY: Andrew Thorburn has resigned as chief executive officer of National Australia Bank Ltd (NAB), just days after the financial industry misconduct inquiry questioned whether he was capable of leading the lender’s response to a series of scandals.

Analyst Reports 09 Feb 2019 | 12:00 AM

Too much debt and too little financial discipline

THE world is flushed with debt – right now nearly US$250 trillion, up 8% from a year ago. This level, according to the Institute of International Finance (IIF), is three times what it was two decades ago and relative to GDP, global debt exceeded 318%.

Business 11 Feb 2019 | 12:00 AM

Lagarde: Oil exporters have not fully recovered from price shock

DUBAI: Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said, and she cautioned against spending money on ”white elephant projects”.

Economy 11 Feb 2019 | 12:12 AM Premium

Border-security funding negotiations stall as shutdown looms

Failure of talks increases likelihood of another government shutdown on Friday